Journal of Korean Society of Industrial and Systems Engineering (산업경영시스템학회지)

Society of Korea Industrial and System Engineering (한국산업경영시스템학회)
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Evaluation of Program Effectiveness Using Panel Data : Focused on Fusion Technology Program

패널자료를 이용한 사업의 효과성 분석 : 산업융합원천기술개발사업을 중심으로

  • Kim, Heung-Kyu (School of Business Administration, Dankook University) ;
  • Kang, Won-Jin (Management of Technology Division, TECHNOVALUE) ;
  • Bae, Jin-Hee (Industry and Technology Policy Center, Korea Institute for Advancement of Technology)
  • 김흥규 (단국대학교 경영학부) ;
  • 강원진 (기술과가치 MoT본부) ;
  • 배진희 (한국산업기술진흥원 산업기술정책센터)
  • Received : 2014.08.29
  • Accepted : 2014.09.06
  • Published : 2014.09.30
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Abstract

When evaluating effectiveness of a program, there is a tendency to simply compare the performances of the treated before and after the program or to compare the differences in the performances of the treated and the untreated before-after the program. However, these ways of evaluating effectiveness have problems because they can't account for environmental changes affecting the treated and/or effects coming from the differences between the treated and the untreated. Therefore, in this paper, panel data analysis (fixed effects model) is suggested as a means to overcome these problems and is utilized to evaluate the effectiveness of fusion technology program conducted by Ministry of Trade, Industry and Energy, Korea. As a result, it turns out that the program has definitely positive impacts on the beneficiary in terms of sales, R&D expenditure, and employment.

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References

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