• Journal of the Economic Geographical Society of Korea
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• v.24 no.2
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• pp.143-162
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• 2021

This study reviews the progress of maquiladora industry in Mexico and the development of the IMMEX program. The maquiladora program allows foreign-invested factories in Mexico to import raw materials and components duty free and to export the finished products to the U.S. It contributed to the increase in employment and population of border cities. Low wage level of Mexico induced not only standardized labor-intensive industries but also the high-tech automated industries requiring assembly process. In 2006, the Mexican government merged the maquiladora program and PITEX for Mexican export-oriented firms into a single new program, the IMMEX program, in order to promote exports more efficiently. This study presents the distributions of the IMMEX firms by industrial sector and by region. It is revealed that transport equipment sector leads the export industries in Mexico, and Tijuana and Juárez accommodate largest agglomerations of the IMMEX firms.

• Journal of Korea Technology Innovation Society
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• v.21 no.4
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• pp.1268-1295
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• 2018

This study examines the effects of policy mix on R&D efficiency in by using data from 2014 and 2016 Korean Innovation Survey. The DEA-Tobit analysis is used to estimate the impact of policy mix on relative R&D efficiency. As a result of the DEA analysis, the R&D efficiency of the Korean manufacturing industry firms is low, because the R&D investment has not been used effectively. According to the Tobit model, policy mix have a positive effect on R&D efficiency. In particular, the combination of market-oriented, market supply-oriented, and supply demand-oriented policy mix showed a positive relationship with R&D efficiency. R&D portfolio is necessary to improve R&D efficiencies and government has to facilitate a policy mix in view of the nature of firms and Consistency of policy tools.

• Journal of the Economic Geographical Society of Korea
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• v.7 no.1
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• pp.65-81
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• 2004

Foreign direct investment (FDI) by firms has various motives in terms of the strategy for firms' long-term growth. This research uses the case study of Hyundai Motor Manufacturing Alabama to analyze the motives of the Korean auto industry's FDI in the U.S. and the locational factors that determined the selection of the site. This paper starts from the question of why Hyundai made the decision to invest in the U.S., which is not favorable in terms of production cost, especially considering that its exports to the U.S. have been on the increase. The results indicate that the strongest motive for the decision to invest in the U.S. was to ameliorate the trade friction between Korea and the U.S. Given that Hyundai depends on the U.S. market to a large extent for its exports, the foremost motive was to use local production in order to reduce the serious trade imbalance in the automobile sector between Korea and the U.S. in order that trade friction with the U.S. may be avoided and causes for trade disputes may be reduced. Other motives such as improving the access to local consumers were of secondary importance. After the selection of the country in which to invest, however, various factors were considered in the decision regarding the location of the plant, and incentives by local governments ultimately played a key role in this decision. The results imply that the Korean manufacturing industry's investment in the U.S. cannot be explained by traditional FDI theories and instead was greatly driven by a strategic defensive motive. In addition, the results confirm that the design of an appropriate incentive structure by host governments is important for attracting FDI.

• Journal of the Korean association of regional geographers
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• v.17 no.1
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• pp.58-74
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• 2011

This study analyzed and compared the importance and priority of location decision factors in Foreign Direct Investment Firms managing the manufacturing business in the nation's southeastern economic zone, and in expert group by using AHP analytical technique based on examining the location theory and the prior research of real estate for industry. Also, it analyzed difference in importance and priority for location factors by corporate scale, by business category, and by location type targeting only foreign direct investment firms, and offered references necessary for location decision-making. In addition, to elicit useful information for policy related to location decision factors for foreign direct investment firms, the implications were elicited by analyzing the results recognized between foreign direct investment firms and expert group on information elements regarding investment satisfaction, business bottlenecks, and location decision process. The considerable gap was indicated in importance and priority of location decision factors considered between the nation's foreign direct investment firms and real-estate expert group for industry. As a result of analyzing by reflecting the corporate characteristic variable in location assessment model unlike before, the importance of the competitive advantage factor and the business strategic factor was indicated to be very high.

• Journal of Technology Innovation
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• v.23 no.1
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• pp.61-86
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• 2015

This study provides an empirical analysis based on 2012 Korea Innovation Survey (STEPI) to investigate the relation between R&D cooperation and in-house R&D investment. The study further analyzes the effect of the R&D cooperation and in-house R&D investment on technical innovation. First, the relation between company's in-house R&D investment and R&D cooperations is estimated with the two equations using SUR models. Second, the effect of in-house R&D investment and R&D cooperation on the company's technical innovation is estimated using Probit model. This study differs from other existing R&D studies using Korean data in that empirical models are based on structural relationships among in-house R&D, R&D cooperation, and technical innovation. The results can be summarized as follows; the R&D cooperation expands the in-house R&D investment and the in-house R&D strengthen the R&D cooperation. Furthermore, In-house R&D investment increases the chances of success in innovation. As we obtain evidence of complementary relation between R&D cooperation and in-house R&D investment, it is necessary to develop environment conducive to this complementarity in order to have more efficient R&D system.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.10 no.6
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• pp.1361-1368
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• 2009

This study attempts to present investment priorities and select industry for regional economic reinvigorating by analysing regional inter-industry of Chungchong area(including Chungnam and Chungbuk region) After the regional inter-industry table of Chungchong area has been made using a location quotient(LQ) method based on national inter-industry table of 2006 derived from national inter-industry table of 2003 using RAS method, various kind of impacts to Chungchong area are analysed. Manufacturing has the highest result in the result of production-inducing effect and value-added-inducing effect and hotels and restaurants has the highest result in employ-inducing effect. Sensitivity coefficient is highly analysed in mining and quarrying and influential coefficient is highly analysed in manufacturing.

• Environmental and Resource Economics Review
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• v.8 no.2
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• pp.175-206
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• 1999

본 연구는 2부문 개방거시경제모형을 이용하여 환경규제정책이 거시경제실적-국내자본 축적, 경상수지상태, 소비수준-에 미치는 영향을 동태적으로 분석하려고 한다. 정부가 환경규제를 강화할 경우, 즉 최대 허용가능한 오염배출량을 감소할 경우, 투자활동이 감소하게 되어 장기 정상상태에서 자본축적량이 감소하게 된다. 반면에, 환경규제가 강화될 경우 경제주체들은 국제채권의 구입을 늘리게 되어 새로운 정상균형상태에서 국제채권의 보유는 증가하게 된다(경상수지는 개선된다). 그러나 환경규제의 강화가 자산의 잠재가치와 두 재화의 소비에 미치는 효과는 불분명하다. 만약, 자본축적량과 최대 허용가능한 오염배출량의 변화에 따른 제조업부문의 산출고의 변화가 비제조업부문 산출고의 변화를 능가한다면, 환경규제 강화정책은 두 재화의 소비를 감소시킬 것이다. 본 연구에서는 환경규제정책의 변화를 예상한 경우와 예상하지 못한 경우, 그리고 예상하지 못한 경우에도 정책의 변화가 영구적 또는 일시적인 경우에 따라 환경규제 강화가 자본 한 단위의 시장가치 자본축적량 및 국제채권 보유에 미치는 영향을 단기 전환적 동태분석하고자 한다. 환경규제정책의 변화가 사전에 발표되어 민간 경제주체들이 정책의 변화를 예상할 수 있는 경우에는, 민간경제주체들이 정책의 변화 전에 자신들의 행동을 조정하므로 실제 정책 실시 후에는 정책이 각 경제변수에 미치는 효과는 정책을 예상하지 못한 경우보다 훨씬 줄어들게 된다. 정책 변화를 예상하지 못한 경우보다 정책 변화가 발표됨으로써 사전에 정책 변화를 예상한 경우에 환경규제 강화에 따른 자본축적량의 장기적인 감소효과가 훨씬 작게 되고, 따라서 국제채권 보유를 증가시키는(경상수지 상태를 개선시키는) 효과도 줄어들게 된다.

• Journal of Korea Technology Innovation Society
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• v.15 no.3
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• pp.649-674
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• 2012

The purpose of this study is to investigate the effects of public R&D subsidies on private R&D. We have analyzed rationales for the public R&D subsidy from different perspectives. On the basis of literature review, a two step research model is constructed: participation phase (when firms benefit from public subsidies) and decision phase (when firms make decision on additional R&D investments). Using propensity score matching(PSM) method, we compare the potential outcome of the treated group to a matched controlled group of non-subsidized firms. The data used in this paper was collected from various sources. The Korean Innovation Survey 2008(manufacturing sector) is a main source of data. Financial data such as revenue, asset and capital stock, and number of employees were supplemented from the Nice Information Service KIS Value database. The R&D survey, conducted by MEST(Ministry of Education, Science and Technology) each year, was also used for the R&D expenditures of the manufacturing firms. This study comes up with the following empirical results. First, a firm's innovation capability, financial constraints, and sector appear to influence the selection of firms who were benefited from government's financial supports for R&D. Second, empirical results show that public R&D funding complements private investment on average and appear to have perpetual effects on the following year. Finally, sectoral difference in the effect of public subsidies on firms' R&D investment was confirmed. In addition, SMEs show more positive effects than large firms.

• Information Systems Review
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• v.16 no.2
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• pp.77-95
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• 2014

From the success of TDX and CDMA to today's social media boom, Korea's ICT has achieved an amazing growth for the last couple of decades. However, in spite of ICT's role as an engine of growth in Korea, there have been concerns that ICT growth would negatively affect national employment due to the labor substitution effect. While some scholars insist that ICT would positively affect employment because it will enlarge the size of industry itself, many people blame ICT as a main culprit of rising unemployment rates. In this study, we try to empirically find the true effect of ICT growth on employment in Korea. We use the data of ICT productions, ICT investments, and various industries employments from 1995 to 2011. The methodologies we adopted for this study is Granger causality tests and impulse response functions based on vector autoregression (VAR) model. We find that ICT has negative impact on service industries, while it has positive impact on manufacturing industries. Meanwhile, ICT has no statistically significant impact on ICT industry itself. Since the impacts of ICT on employment are mixed, we can argue that ICT should not be blamed for the main cause of low employment. We suggest a direction of future policies to utilize ICT for vitalizing employments in Korea.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.16 no.9
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• pp.5942-5954
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• 2015

IT system in supply chain management(hereafter, SCM) has been regarded as one of competitive advantage to win over competing supply chain. SCM participants rush to adopt IT system to be agile for changing environment. Companies expect the improvement of the process integration over the supply chain, which enhance the overall SCM performance. IT system has been considered to influence on effective communication over the wall of firm boundaries. But, the profitability or the effectiveness of IT investment are controversial. This study try to reemphasize the importance of IT system considering the differences of processes, and the influences on the collaboration of supply chain participants. We want to know the perception level of functional managers for the importances, usages, and contributions of IT system in manufacturing sector. Also, we compare the different perception for collaborative SCM among supplier, buyer, and employees of buyer, and try to understand the context in which the IT investment acceptance occurs. We collected 297 responses(199 from line process and 98 from project process respectively). Results show that the importances, usages, and contributions of IT system are higher in the line process than in the project process.