As the Korean economy invests more in R&D, concerns about R&D's impact
on the economic performance are deepened and widened. This paper estimates it
based on econometric methods, where the economic performance is represented
by the growth of total factor productivity and R&D by that of R&D stock (R&D
stock is the accumulation of R&D investments over years).
Particularly, this paper takes an industry-based approach, that is, analyzes the
effect of R&D by industry assuming the existence of the production function of
each industry. This approach enables the sectoral decomposition of total factor
productivity and an in-depth understanding of total factor productivity's trend as
well as of the effect of R&D.
- 산업별 연구개발투자의 생산성 기여(R&D's impact of productivity by industry)
- Kim, Seok-Hyeon김석현
산업별 연구개발투자의 생산성 기여(R&D's impact of productivity by industry)
|Series Title; No||정책연구 / 06-18|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Industry and Technology < Science/Technology|