• KDI Journal of Economic Policy
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• 제40권4호
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• pp.47-63
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• 2018

Government R&D grants for SMEs have risen to three trillion Korean won a year, placing Korea second among OECD nations. Indeed, analysis results have revealed that government support has not only expanded corporate R&D investment and the registration of intellectual property rights but has also increased investment in tangible and human assets and marketing. However, value added, sales and operating profit have lacked improvement owing to an ineffective recipient selection system that relies solely on qualitative assessments by technology experts. Nevertheless, if a predictive model is properly applied to the system, the causal effect on value added could increase by more than two fold. Accordingly, it is important to focus on economic performance rather than technical achievements to develop such a model.

• 과학기술학연구
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• 제15권1호
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• pp.109-143
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• 2015

최근 혁신의 지속과 성공을 위해 기술혁신시스템을 어떻게 바꿀지가 중요한 논제로 등장했다. 실천적, 이론적 차원에서 혁신시스템의 변화에 관심이 높아지고 있는 시점에서 네덜란드의 전환은 큰 주목을 받고 있다. 네덜란드의 전환정책은 시스템의 근본적 변화를 추구하면서도 기존의 변화와는 상당히 다른 접근과 방식을 취하고 있기 때문이다. 대표적 전환으로는 지속가능한 에너지 전환, 생물다양성과 자연자원의 지속가능한 활용으로의 전환, 지속가능한 농업으로의 전환, 지속가능한 교통 등이 있다. 장기적 변화라는 점에서 네덜란드의 전환은 여전히 초기단계지만 전환에 대한 공감 확산, 적대적 행위자 간 연합 형성, 다양한 전환 네트워크의 형성이라는 긍정적 효과가 나타나고 있다. 하지만 여전히 해결이 필요한 문제도 있다. 이론과 실제의 연계, 전환 개념의 추상성과 모호성 극복, 장기적 비전과 단기적 행위의 연결, 폭넓은 민주적 참여 확보, 현존 레짐의 저항 극복, 집행 문제, 정부 내에서 전환에 대한 지지 확산의 문제 등이다. 이런 문제에도 불구하고 네덜란드의 전환은 시스템의 근본적 변화가 필요한 시점에서 많은 교훈을 주고 있다. 따라서 기존 시스템과 레짐에 의한 고착화를 해결하고 구조적 변화를 이끌어 내기 위해 네덜란드의 전환이론과 정책에서 배울 필요가 있다.

• KDI Journal of Economic Policy
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• 제37권1호
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• pp.73-96
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• 2015

Research and innovation are widely agreed to be major driving forces behind long-term productivity and economic growth. However, the relationships have proven to be difficult to quantify. We make reference to the international literature and draw on recent research for Australia to advance our understanding of these relationships. Particular focus is on assessing the impact of publically financed R&D on productivity. The conclusions have implications for government innovation policies, providing insight into possible productivity gains from funding reallocations. Specifically, the findings suggest that government research agencies and higher education are areas in which investment leads to more potential productivity gains.

• 통상정보연구
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• 제14권1호
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• pp.197-218
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• 2012

본 연구에서는 중소기업 R&D 투자 지체와 정부지원 보완이라는 문제의식에 기인하여 중소기업 기술지원정책과 기술경쟁력과의 관계를 실증 분석하였다. 분석 결과를 종합하면, 다음과 같이 두 가지의 결과를 도출할 수 있다. 첫째, 중소기업 기술경쟁력에 영향을 주는 기술지원정책은 기술 자금세제지원, 기술인프라지원 등 직접적인 R&D 지원정책이 기술경쟁력에 높은 영향을 나타냈으며, 기업특성에 따라 1차협력기업 5~49인(소규모 기업) 제조업의 특성을 가진 혁신형 중소기업이 기술지원정책과 기술 경쟁력간 긍정적 영향 관계가 높은 것으로 분석되었다. 결국 정책자금, 투자유치, 대출 확대 등으로 기술자금지원을 늘려야 하며 그 가운데서도 고성장 혁신형 중소기업 육성을 위한 전략적 R&D 자원배분과 연구인력지원 강화가 필요하다는 것을 시사점으로 제시하였다.

• Asian Journal of Innovation and Policy
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• 제4권2호
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• pp.200-216
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• 2015

This paper empirically investigates the role of R&D intensity on market concentration of firms using four key market valuation variables, namely (1) market share, (2) labor intensity, (3) firm age and, (4) firm's market value. The empirical tests use database at firm level for the Indian IT sector from 1999 to 2013 from the CMIE Prowess database. The results of the regression analyses partially support our hypothesis that R&D intensity positively influences firm's market value measure by the H-index. The test results are consistent with the hypotheses that R&D spending is more valuable for firms with larger market shares, higher labor intensity, and firms that are diversified.

• Asian Journal of Innovation and Policy
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• 제4권3호
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• pp.381-396
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• 2015

Cyberinfrastructure is a research infrastructure that provides an environment in which research communities can get access to distributed resources and collaborate at unprecedented levels of computation, storage, and network capacity. The Worldwide LHC Computing Grid (WLCG) is a global collaborative project of computing or data centers that enables access to scientific data generated by the Large Hadron Collider (LHC) experiments at CERN. This case study analyzes the WLCG as a model of cyberinfrastructure in research collaboration. WLCG provides a useful case of how cyberinfrastructure can work in providing an infrastructure for collaborative researches under data-intensive paradigm. Cyberinfrastructure plays the critical role of facilitating collaboration of diverse and widely separated communities of researchers. Data-intensive science requires new strategies for research support and significant development of cyberinfrastructure. The sustainability of WLCG depends on the resources of partner organizations and virtual organizations at international levels, essential for research collaboration.

• 기술혁신연구
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• 제11권2호
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• pp.175-193
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• 2003

The purpose of this study is to examine relationship between public R&D investment and private R&D investment in Korea, and to obtain policy implications of the results. To this end, the author attempts to provide more careful consideration of the causality issues by applying rigorous techniques of Granger causality. Tests for unit roots, co-integration, and Granger causality based on an error-correction model are presented. The existence of bi-directional causality between public R&D investment and private R&D investment is detected. This finding has various implications for policy analysts and forecasters. Increasing private R&D investment requires enormous public R&D investment, though there are many other factors contributing to private R&D investment, and public R&D investment is but one part of it. Thus, this study generates confidence in decisions to invest in public R&D. Moreover, this study lends support to the argument that increase in private R&D investment, ceteris paribus, gives rise to public R&D investment. Increase in private R&D investment results in greater national income to be spent on R&D investment and stimulates further public R&D investment.

• Asian Journal of Innovation and Policy
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• 제1권1호
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• pp.71-91
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• 2012

The purpose of this study is to identify the major determinants of performance of the R&D alliances, with an aim toward raising the success rate in cooperative relationships. In particular, this study assesses whether the success factors of purchasing relationship identified in the literature apply equally to SMEs in Korea. The results of this study indicate that inter-firm cooperation, experienced cooperation, and efficiency of government support have positive impacts on the purchase rate of new products. On the other hand, R&D intensity and resources of competencies of the firm do not influence it. Additionally, market attractiveness does not moderate the effects of the five independent variables on the purchase. The extracted determinants according to the results of surveys give valuable and practical hints to the SMEs when they make a decision on their R&D alliances with large enterprises.

• Asian Journal of Innovation and Policy
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• 제3권1호
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• pp.72-93
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• 2014

This study analyzed the factors that influence the research productivity of 236 graduate students who are funded by the Global Ph.D. Fellowship Program of the National Research Foundation of Korea. Research productivity was measured by the number of SCI publications, and the explanatory factors are the demographic factor, the financial factor, the reputation of institutions and the supervisor factor. This study included 2 indices such as the reputation of institutions and the research productivity of supervisors to check the halo effect unlike other studies. Results are as follows: 1) no gender difference, 2) better performance by younger age group, 3) no difference even if the students are additionally funded by other research support programs, 4) no halo effect by the reputation of institution but rather better performance from low ranked universities, 5) and a positive halo effect by supervisors.

• Asian Journal of Innovation and Policy
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• 제7권3호
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• pp.625-645
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• 2018

This paper's objective is to draw a decision guideline to continue research and development (R&D) investments in biotech start-ups facing the "Valley of Death" syndrome - a long negative profit period during a financial crisis. The data include financial indices as Net income, Revenues, Total stockholders' equity, Cash & equivalents, and R&D expenses of 18 major biotech companies (nine in negative profit and nine positive, in FY2008) and 15 major pharmaceutical corporations as benchmarks both in FY2008 and in FY2016 derived from the US SEC Database, EDGAR. A first methodology dealing with real options analysis assumes Total stockholders' equity as a growth option. And a second methodology, Bayesian Markov chain Monte Carlo (MCMC) analysis, is applied to test the probability relationship between the Total stockholders' equity and the R&D expenses in these three groups. This study confirms that Total stockholders' equity can play the role of a call option to support continuing R&D investments even in negative profits.