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성장잠재력 제고를 위한 기술혁신 전략과 과제(Technological innovation strategy and policy agenda to strengthen economic growth potential)

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  • 성장잠재력 제고를 위한 기술혁신 전략과 과제(Technological innovation strategy and policy agenda to strengthen economic growth potential)
  • Lee, Woosung; Sohn, Soojeong; Jeong, Seungil; Jeong, Jiyoung; Kim, Soohee; Choi, Junghyun이우성; 손수정; 정승일; 김병우; 정지영; 김수희; 최정현
  • 과학기술정책연구원


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Title 성장잠재력 제고를 위한 기술혁신 전략과 과제(Technological innovation strategy and policy agenda to strengthen economic growth potential)
Similar Titles
Material Type Reports
Author(English)

Lee, Woosung; Sohn, Soojeong; Jeong, Seungil; Jeong, Jiyoung; Kim, Soohee; Choi, Junghyun

Author(Korean)

이우성; 손수정; 정승일; 김병우; 정지영; 김수희; 최정현

Publisher

서울:과학기술정책연구원

Date 2007-12
Series Title; No 정책연구 / 07-12
ISBN 978-89-6112-023-4
Pages 307
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Industry and Technology < Science/Technology
Holding 과학기술정책연구원

Abstract

Korean Economic growth has been dampened since the late 1990s. This
long period of low-growth has caused severe concerns that Korean economic
growth potential might be damaged and cannot be recovered. Thus agendas
for raising Korean growth potential have been seriously contemplated among
policy makers. Technological innovation strategy suggests that Korean
economic growth potential can be recovered to one-step higher stage with
R&D investment enhancement and its' efficiency gain. When R&D
investment continue to grow more than 10% in real term until 2030, it can
raise permanently almost 1%p of economic growth potential. Moreover, if its
efficiency, which can be represented by elasticity of R&D investment on
TFP(Total Factor Productivity), can be raised up to the world best Japanese
level, it also raise another 1%p of economic growth potential.
Thus this paper investigates what are the status and problems of Korean
R&D investments and R&D personnel in Korea. Through the analysis of
Korean R&D investment and R&D personnel, this paper proposes several
policy agendas to improve R&D investments in weak R&D sectors such as
service industries, SMEs, universities and traditional manufacturing sectors.
Moreover, this paper researches about the institutional conditions of R&D
investment how R&D results can be translated into commercialization and
market innovation. Specially, 1) technology diffusion and commercialization
intermediary system, 2) market competition and 3) financial market are
considered to analyse the institutional effects on technological innovation and
commercialization. Since Korean economy is small open economy, global
competition is more important than internal mareket competition. And Korean
global firms are to be harmonized with innovative SMEs in R&D cooperation
in order to improve efficiency of R&D investment. The roles of venture
capital and relational financing are critical for developing innovative SMEs
in market. Moreover intermediary system for technology transfers and
technology cooperation between industry and science are to be advanced to
improve R&D efficiency and innovation in Korean economy.