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Comparison of the Effect of Technology Policies on Firms R&D: Evidence from the Korean Manufacturing Sectors

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  • Ji Woong Yoon

Abstract

This paper empirically examines the effect of technology innovation policies on firms R&D investment in the Korean manufacturing industry. The Korean innovation survey conducted in 2002 found that government policy has a positive effect on firms R&D overall. In particular, the effect of the public R&D funding and government R&D project participation policy have a positive and significant effect on firms R&D, while tax incentive policy has a negative effect on firms R&D investment. Moreover, the joint effect of the government R&D project participation policy and technical support policy on firms R&D investment is positive. This joint effect implies that a complementary relationship exists between the two policies due to knowledge transfer and spillover.

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  • Ji Woong Yoon, 2006. "Comparison of the Effect of Technology Policies on Firms R&D: Evidence from the Korean Manufacturing Sectors," International Review of Public Administration, Taylor & Francis Journals, vol. 11(1), pages 59-69, July.
    • Handle: RePEc:taf:rrpaxx:v:11:y:2006:i:1:p:59-69
    DOI: 10.1080/12294659.2006.10805078
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    1. Ruud, Paul A., 2000. "An Introduction to Classical Econometric Theory," OUP Catalogue, Oxford University Press, number 9780195111644.
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