Browse > Article
http://dx.doi.org/10.21219/jitam.2016.23.4.001

Institutional Determinants of Technical Innovation in ICT Industry : Based on An Empirical Analysis of OECD Countries  

Lee, Hyun Jung (Yonsei Institute of Convergence Technology(YICT), Yonsei University)
Kim, Hee Sun (Research Institute for Small & Medium Enterprises(KOSBI))
Kim, Jeong Ju (Research Institute for Small & Medium Enterprises(KOSBI))
Publication Information
Journal of Information Technology Applications and Management / v.23, no.4, 2016 , pp. 1-23 More about this Journal
Abstract
The growth of information and communication technology (ICT) has led to a rapid of business paradigm shift incurred in the creation of new social/market value, changes of a value chain and elements producing a value creation, and enlargement of the scope of market competition. It leads to the change and evolution of industrial structure, requiring innovations of policy and institution. However, most studies that have focused on the effect of policy and institution on innovation are based on thick description and qualitative evidence, while paying little attention to these linkages in an empirical way. Hence this study has attempted to empirically analyze policy and institutional factors affecting innovation performance, particularly attention to ICT industry in OECD countries. The findings derived from the empirical analysis provide important implications for catch-up countries in relation to the innovations of policy and institution for effective innovation system and start-up ecosystem.
Keywords
Information and Communication Technology (ICT); Policy and Institution; Innovation Performance; OECD;
Citations & Related Records
연도 인용수 순위
  • Reference
1 Amable, B., "The Diversity of Modern Capitalism", New York : Oxford University Press, 2003.
2 Archibugi, D. and A. CoCo, "Measuring technological capabilities at the country level : A survey and a menu for choice", Research Policy, Vol. 34, No. 2, 2005, pp. 175-194.   DOI
3 Bae, Y. I., Pyo, H., and Kim, Y. T., "Policy for Promoting a Substantial Venture Ecosystem : Focused on Israel", Korea Small Business Institute, 2012.
4 Baek, H., "A Comparative study on Development Policies of the Korean Venture Enterprise", Korea Small Business Institute, 2012.
5 Chang, K. Y., "R&D Investment & Project Performance : Research on Industrial R&D Programs of Government", Journal of Technology Innovation, Vol. 18, No. 1, 2010, pp. 75-98.
6 Chang, S. J., "Crisis and Transformation of Korean Business Group : The Rise and Fall of Chaebols", New York : Cambridge University Press, 2003.
7 Cho, I. H., Kim, H. J., Kim, J. H., and Kim, J. K., "ICT in China 2015", Issue Crunch Special Report, DIGIECO Report, No.22, 2015.
8 Cho, S. and Kim, H. S., "The Effects of R&D Investment in the ICT Industry : Evaluation and Implications", Telecommunications Review, Special Issue, 2014, pp. 47-76.
9 Choi, H. K., Oh, W. J., and Koh, Y. S., "Effect of the protection of minority shareholders' voting rights on dividend and company value Focused on cumulative voting and vote in writing", Korean Corporation Management Review, Vol. 21, No. 5, 2014, pp. 19-38.
10 Choi, J. W., "Effects of Regulation on the Competitiveness of a Nation in OECD Countries", Journal of Regulation Studies, Vol. 15, No. 1, 2006, pp. 3-25.
11 Goh, A., "Towards an innovation-driven economy through industrial policy-making : An evolutionary analysis of Singapore", The Innovation Journal : The Public Sector Journal, Vol. 10, No. 3, 2005, pp. 2-28.
12 EFW(Economic Freedom of the World), Annual Reports, Various Years, http://www.freetheworld.com/release.html, 2011, 2013.
13 Fagerberg, J. and Srholec, M., "National innovation system, capabilities and economic development", Research Policy, Vol. 37, No. 9, 2008, pp. 1417-1435.   DOI
14 Goh, A., "Evolution of industrial policy-making in support of innovation : The case of Singapore", International Journal of Innovation and Learning, Vol. 1, No. 4, 2003, pp. 1-28.   DOI
15 Jeong, S., Kim, I. B., Lee, W., Sohn, S., Chang, B., and Ryu, E., "Effects of Regulations on the Firm's Technological Innovation", Science and Technology Policy Institute, 2007.
16 John, K., Litov, L., and Yeung, B., "Corporate governance and risk-taking", The Journal of Finance, Vol. 63, No. 4, 2008, pp. 1979-1728.
17 Kang, T., "Determinants of Ownership Level by Internationalization Processes of Korean Firms Investing in China", International Business Review, Vol. 13, No. 4, 2009, pp. 1-26.
18 Kim, H. S., Jung, J. S., Lee, M. J., and Yi, W. B., "The Enhancement of National Competitiveness by Convergence and Creative Economy Infrastructure : An Empirical Study on Small and Medium-sized Enterprise", International Business Education Review, Vol. 11, No. 2, 2014, pp. 235-265.
19 Kramer, W. J., Jenkins, B., and Katz, R. S., The role of the information and communications technology in Expanding Economic Opportunity, Economic Opportunity Series, Harvard University, 2007.
20 Kim, L. and Nelson, R., "Technology, Learning, and Innovation : Experiences of Newly Industrializing Economies", New York: Cambridge University Press, 2002.
21 Lee, H. S. and Yoo, T., "Government Policy and Trajectories of Radical Innovation in Dirigiste States : A Comparatives Analysis of National Innovation System in France and Korea", Technology Analysis and Strategic Management, Vol. 9, No. 4, 2007, pp. 451-470.
22 Lee, M. H., "Technology Foundation and Creative Ecconomy", Science and Technology Policy, Vol. 23, No. 2, 2013, pp. 4-8.
23 Lehrer, M. and Asakawa, K., "Rethinking the public sector : idiosyncrasies of biotechnology commercialization as motors of national R&D reform in Germany and Japan", Research Policy, Vol. 33, No. 6-7, 2004, pp. 921-938.   DOI
24 Meyer-Krahmer, F. and Reger, G., "New Perspectives on the Innovation Strategies of Multinational Enterprises : Lessons for Technology Policy in Europe", Research Policy, Vol. 28, No. 7, 1999, pp. 751-776.   DOI
25 Ministry of Science, ICT and Future Planning Annual Report, 2014 Annual report on the promotion of the korean ICT Industry, Ministry of Science, ICT and Future Planning, 2014.
26 Na, S., Jo, Y., Kang, Y., and Jung, W. J., "A Study on Performance Evaluation and Future Direction for Policies on Venture․ Start-up Firms", Korea Information Society Development Institute, 2014.
27 OECD, Information Technology Outlook 2008- ISBN 978-92-64-055544, 2009.
28 Rycroft, W., Technology based globalization indicators : The centrality of innovation network data, Occasional Paper Series, October 7. The George Washington Centre, http://www.gwu.edu/-gwcsg, 2002.
29 Shim, Y. S., "Strategy for Regulatory Reform to Promote Creativity and Industrial Convergence", Journal of Regulation Studies, Vol. 22, Special Issue, 2013, pp. 3-35.
30 Smith, A., Wealth of Nations, Oxford University Press, 1776.
31 Sohn, Y., "Technology, Institutions, Path Dependence : A Comparative Study of Venture Nurturing Policies in Korea and Japan", Korean Political Science Review, Vol. 30, No. 3, 2003, pp. 237-326.
32 Song, C. S., "Suggestions for Role Enhancement of Venture Capital for the Development of Venture Firms under the Creative Economy", Korean Journal of Financial Studies, Vol. 43, No. 1, 2014, pp. 101-143.
33 WB(World Bank), Doing Business, Various Issues, Statistics and Report. http://www.worldbak.org/, http://www.doingbusiness.org/, 2013, 2014, 2015.
34 WEF(World Economic Forum), Global Competitiveness Report, Various Issues, http://www.weforum.org/en/initiatives/gcp/index.htm, 2011, 2013, 2014.
35 Park, K., "A Survey on economic studies using patent data", Korea Institute of Intellectual Property, Vol. 2, No. 1, 2005, pp. 119-134.