The Indirect Effects of Public Sector R&D on Economic Performance and Growth

• 발행기관: 한국지방행정학회
• 저자명: Su-ho Bae
• 간행물 정보: 『한국지방행정학보』제7권 제2호, 59~78쪽, 전체 20쪽
• 주제분류: 사회과학 > 행정학
• 파일형태: PDF
• 발행일자: 2010.12.30

영문 초록

This study examines the causal relationship between research and development (R&D) and economic growth. In particular, it examines the indirect contribution of public sector R&D to economic performance and growth through its inducement effect on private sector R&D investment. In doing so, this study employs cointegration techniques and uses time-series data from a fifty-year period (1953-2002) in the United States. Empirical results suggest that both public and private R&D contribute to economic performance and growth, but public support to R&D also significantly enhances economic performance indirectly through strong inducements to the private sector’s R&D investments.

목차

I. Introduction

II. Review of the Literature

III. Data and Descriptive Analysis

IV. Empirical Results: R&D and Economic Growth

V. Concluding Remarks with Policy Implications

키워드

공공부문 R&D 민간부문 R&D 경제성장 유인효과 Public Sector R&D Private Sector R&D Economic Growth Inducement Effect