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Does the Inward Technology Drive Job Growth?: The Impact of Technology Innovation Sources on the Employment of Firms in Korea  

Seo, Il-won (The Bartlett School of Planning, University College London)
Publication Information
Journal of Korea Technology Innovation Society / v.21, no.2, 2018 , pp. 767-787 More about this Journal
Abstract
Technology-driven innovation and job-creation has each been the subject of much scholarly attention, but have largely been considered separately rather than in conjunction with each other. While the previous literature on economics pinpointed the macro effects on industry-level, this study explores the micro-level comparisons on innovation sources over the employment and financial performances. The PSM (propensity-score matching) analysis presents that firms, involved in an inward technology, tend to have higher employees with dominant technology capabilities than in-house R&D firms. The in-house R&D firms, on the contrary, have superior financial performances, suggesting that external technology commercialized firms suffer from low transformative efficiency. The mediation test analysis corroborates that the external technology-driven innovation induces more human resources in internalizing the exogenous technology. The positive relationship between R&D innovation and employment allow verification of the government's intervention in the promotion of technology commercialization in public sector. On the other hand, it also signals that the policy needs to enhance the recipient firms' commercializing capacity rather than a 'one-hit' transaction.
Keywords
Inward technology; Public technology; Innovation-driven employment; Propensity-score matching;
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Times Cited By KSCI : 1  (Citation Analysis)
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