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A Time Lag Analysis of R & D Effect ell Total Factor Productivity in Information and Communication Industry  

Lee, Kyung-Suk (한국정보통신대학교 IT경영학부)
Park, Myeong-Cheol (한국정보통신대학교 IT경영학부)
Lee, Duk-Hee (한국정보통신대학교 IT경영학부)
Publication Information
The Journal of Korean Institute of Communications and Information Sciences / v.31, no.2B, 2006 , pp. 154-163 More about this Journal
Abstract
The importance of R & D investment has dramatically been increased as industrial paradigm rapidly changes to knowledge-based economy. In order to preserve recent economic growth and reinforce competitive advantage, government policy and regulatory framework needs to be reshaped in ways that minimize the distorted use of limited resources and maximize the efficiency of R & D investment. In this regards, this paper aims to investigate the influence of R & D investment in national economic growth and to compare the effectiveness of IT R & D investment with other industries, in respect to the time lag.
Keywords
Time lag Analysis; Total Factor Productivity; unit root test; cointegration test; R & D;
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