A Study on the Time-lag of Industrial R&D Output

산업 R&D 성과의 시간지연에 관한 분석

This paper starts out by reviewing the literature that in different ways utilizes patent data as an output of Research ＆ Development (R&D) investment. The main focus, however, is an analysis of time-lag between industrial R&D input and its output. To achieve this research's purpose, the basic data associated with the industrial R&D input (expenditure, researchers) and output (applied patent and utilities) for the past 15 years, from 1980 to 1994, in the areas of electrical-electronic, mechanical and chemical industries have been collected. And the raw input data were altered into real flow data (but stock data) using Laspeyres approach and analyzed using multiple regression analysis, especially stepwise regression analysis. The result of this study can be summarized as follows: a) The time-lag; between industrial R&D input and its output is within 1 to 3 years. b) The time-lag: of patents was longer than that of utility models. c) The time-lag: in electrical-electronic, chemical industry was longer than that of the mechanical industry.