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기초연구 투자의 경제적 파급효과 분석(Economic impacts of basic R&D)

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  • 기초연구 투자의 경제적 파급효과 분석(Economic impacts of basic R&D)
  • Hwang, Seogwon황석원; 김병우; 유승훈; 박규호; 류태규; 추기능; 이민규
  • 과학기술정책연구원


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Title 기초연구 투자의 경제적 파급효과 분석(Economic impacts of basic R&D)
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Material Type Reports
Author(English)

Hwang, Seogwon

Author(Korean)

황석원; 김병우; 유승훈; 박규호; 류태규; 추기능; 이민규

Publisher

서울:과학기술정책연구원

Date 2008-12
Series Title; No 정책연구 / 08-07
ISBN 978-89-6112-040-1
Pages 291
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Industry and Technology < Science/Technology
Holding 과학기술정책연구원

Abstract

In Korea, investment in basic research is considered as a key to make a
leap into the group of world leading countries. Under the severe economic
crisis, Korea needs to establish original technologies through basic research,
for it is not possible to maintain its global competitiveness by imitating
others. In this context, the Korean government is set to expand basic research
investment of total public R&D up to 35% until 2012. As investment in basic
research grows, the demand for analyzing the economic impacts of basic
research is also increasing. Considering these policy demands, this study has
set two goals as follows:
- to measure the economic impacts of basic research in the macroscopic
viewpoint,
- to develop the methodologies for the economic evaluation of many
individual basic research projects.
The results of this study show that quantitative outputs do not come into
the picture in basic research. Meanwhile qualitative outputs such as papers
highly cited (for example, SCI papers) are prominent. This is the reason why the knowledge stock from basic research is measured by accumulating the
number of SCI papers in this study. This study suggests that when the
knowledge stock is increased by 1%, it will increase the total factor
productivity by up to 1.3%. It means that basic research is related to not only
advancement of academic knowledge but also economic impacts such as
growth, productivity and so forth.
It is also important to analyse the economic impact of an individual basic
research project. One of the main characteristics of basic research is that
projects on that area sometimes have non-market value. In those cases, it is
impossible to evaluate a basic research project by value-added approach in
which value is usually measured on the basis of market exchange. CVM
(Contingent Valuation Method) is used to measure such 'non-market value' in
this study. The result shows that the value of the next generation proton
beam accelerator in Korea is about 1.26 trillion won.
As a result, this study supports the Korean government's plan to increase
investment in basic research dramatically for the next 5 years.