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The impact of policy consistency on technological competitiveness: A study on OECD countries

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  • Yoon, Jungsub
  • Oh, Yoonhwan
  • Lee, Jeong-Dong

Abstract

This study investigates the impact of policy consistency on technological competitiveness using patent citation analysis. Policy support plays a key role in promoting firms’ investment in research and development (R&D) activities, especially in emerging sectors. Policy consistency increases technological competitiveness, since it encourages firms to invest in R&D activities. Although previous studies argue policy design and characteristics, few deal with policy consistency, and they lack a quantitative measure of policy consistency and explanation of its effects. Therefore, this study proposes the quantitative indexes for policy consistency and potential technological competitiveness.

Suggested Citation

  • Yoon, Jungsub & Oh, Yoonhwan & Lee, Jeong-Dong, 2017. "The impact of policy consistency on technological competitiveness: A study on OECD countries," Energy Policy, Elsevier, vol. 108(C), pages 425-434.
    • Handle: RePEc:eee:enepol:v:108:y:2017:i:c:p:425-434
    DOI: 10.1016/j.enpol.2017.06.013
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