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http://dx.doi.org/10.11627/jkise.2014.37.3.122

Evaluation of Program Effectiveness Using Panel Data : Focused on Fusion Technology Program  

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)
Publication Information
Journal of Korean Society of Industrial and Systems Engineering / v.37, no.3, 2014 , pp. 122-128 More about this Journal
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.
Keywords
Panel Data Analysis; Fixed Effects Model; Program Effectiveness; Fusion Technology Program;
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