Sustained Economic Growth and Technology Policies

• 발행기관: 한국재정학회(구 한국재정·공공경제학회)
• 저자명: ByungWoo Kim
• 간행물 정보: 『한국재정학회 학술대회 논문집』2006년도 추계학술대회 논문집, 1~19쪽, 전체 19쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2006.10.30

영문 초록

Government can consider technology policies that directly augment the incentives for research. We analyzed what the technology policies have effects on the growth rate in the one-sector economy. We know that any increase in the subsidy rate causes the rate of innovation to increase. A subsidy to R&D spurs product development. Faster innovation and growth come as a result. We showed that considering goodness of fit of regression model, we can see that the empirical evidence is strongly in favor of the character of R&D subsidies as the instrument spurring economic growth. We could see that 10% increase in the subsidy (amount) causes the rate of economic growth to increase by 0.8%. So, we can expect that through product innovation supported by technology policy, faster economic growth can be attained in the Korean economy.

목차

Abstract

1. Introduction

2. Economic model and empirical analysis

3. Summary and conclusion

Reference

키워드

R&D investment product innovation knowledge capital sustained growth monopolistic competitionm technology policies R&D subsidies