Journal of Korea Technology Innovation Society (기술혁신학회지)

Korea Technology Innovation Society (한국기술혁신학회)
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The Granger Causality Analysis on R＆D Investment of Government and Private Sectors and Gross Domestic Product： The Cases of Korea, U.S. and Japan

정부와 민간의 R＆D투자 및 국민소득간의 인과관계 분석： 한.미.일 국제비교

  • 김선근 (대전대학교 국제무역통상학과) ;
  • 오완근 (한국외국어대학교 경제학과)
  • Published : 2004.08.01
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Abstract

In this paper we： (1) analyze the relationship among public R＆D investment, private R＆D investment, and GDP by employing the Clangor causality test; (2) examine if there is any country-specific pattern in the relationship by testing the cases of Korea, the U.S. and Japan. We found some common results for the above countries as follows： (i) GDP causes Public R＆D, not vice versa; (ii) Private R＆D causes GDP; and (iii) Public R＆D does not cause Private R＆D. For the bivariate model of GDP and total R＆D, the results show the existence of one-way causality running from total R＆D to GDP f3r both U.S. and Japan. We also found bidirectional causal relationship between GDP and total R＆D for Korea, which could be interpreted as a typical pattern for newly industrialized countries.

Keywords

References

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