• 수산경영론집
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• 제44권2호
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• pp.101-109
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• 2013

This study is aimed to analyze investment effects of fisheries R&D projects of the National Fisheries Research and Development Institute(NFRDI). In the analysis, Granger causal relations between R&D investment and fisheries production are tested. In addition, time-lag effects of fisheries R&D investment are estimated with an impulse response analysis and investment effects of R&D projects are estimated by changes of social surplus. Results indicate that there exists an Granger-causality between R&D investment and fisheries production and fisheries production responds to the fisheries R&D shock about three years after the initial shock. The magnitudes of the impacts increase until a peak is reached 5~7 years and the impacts decline to zero after 25 years. As investment effects, it is shown that the internal rate of returns of fisheries R&D investment is 55.2%.

• 품질경영학회지
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• 제41권4호
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• pp.601-610
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• 2013

Purpose: The purpose of this paper is to analyze the relationship between R&D investment and growth rate of manufacturing firms in Incheon. Methods: The balanced panel data of 246 firms which have existed for the period 2001-2012 are constructed. As a method of analysis, fixed effects panel data model is used. Results: There is a one year lag in the relationship between R&D intensity and the subsequent sales growth of firms and its relation depends on the firms' characteristics. Conclusion: We suggest the emphasis on R&D investment for firms' growth and the differentiated R&D program based on firm size. This article has the limitation that various types of R&D investment cannot be included in this analysis.

• The Journal of Asian Finance, Economics and Business
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• 제3권2호
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• pp.5-11
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• 2016

This study investigates the impact of Malaysia's capital market and other key determinants on Economic Growth from the period of 1988 to 2012. The key determinants studied are foreign direct investment and real interest rate. This study also examines the long run and short run relationship between the economic growth and capital market, foreign direct investment, and real interest rate by using bound testing cointegration of Autoregressive Distributed Lag (ARDL) and Error Correction Model (ECM) version of ARDL model. The empirical results of the study suggest that there is long- run cointegration among the capital market, foreign direct investment, real Interest rate and economic growth. The result also suggests that capital market and real interest rate have positive impact on economic growth in the short run and long run. Foreign direct investment does not show positive impact on economic growth in the short run but it does in the long run.

• The Journal of Asian Finance, Economics and Business
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• 제8권12호
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• pp.117-127
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• 2021

This study was conducted to comprehensively identify factors that potentially influence corporate investment behavior, including micro, macro, and sectoral variables. Furthermore, investment behavior was studied across nations based on their participation in the global value chain (GVC), which was evaluated based on commodities, limited manufacturing, advanced manufacturing, and innovative activities. The study uses the dynamic panel data analysis and Generalized Method of Moment (GMM) estimation for a sample of 800 corporations, with data spanning over 2000-2019. The study result shows that in all types of countries, the coefficient lag indicator of capital expenditure statistically has a significant effect on capital expenditure. Sales growth, exchange rate, and GDP have a significant positive effect on corporate investment growth, while DER has a negative effect. In commodity countries, corporate investment is influenced by sales growth, exchange rate, and FCI. The variables that influence corporate investment in manufacturing countries are the FCI, exchange rate, sales growth, GDP, and DER. In innovative countries, variables that significantly affect capital expenditure are DER, GDP, and Tobin Q. In each type of country, the interaction terms between exchange rate and commodity price are positive and statistically significant.

• 한국산업정보학회논문지
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• 제29권2호
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• pp.191-204
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• 2024

본 연구는 글로벌 정치 경제적 불확실성 따라 제조 기업의 R&D 투자가 매출액에 미치는 영향을 분석하였다. 본 연구의 변수로는 기업의 R&D 투자, 기업의 성과 지표인 매출액, 글로벌 정치 경제적 불확실성을 반영한 Global Economic Policy Uncertainty (GEPU) 수치가 사용되었다. 패널데이터 분석에 있어서 Wharton Research Data Services의 Compustat Database에 있는 제조 기업을 바탕으로 2000년부터 2023년까지 24년간 총 96분기 데이터를 사용하였다. 선행 연구에서 상대적으로 부족했던 Global Economic Policy Uncertainty 수치를 조절변수로 사용하여 기업의 R&D 투자가 매출액에 미치는 영향에 연구하였으며, 시간 지연 효과(Time lag effect)에 대해 분석함으로써 새로운 연구의 방향을 제시하였고, 기업의 효과적인 R&D 투자 전략을 실행해야 함을 시사하였다.

• 통상정보연구
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• 제16권3호
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• pp.183-202
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• 2014

2007년부터 2012년까지의 외국인직접투자 유치액에 대한 산업별 투자유치 인센티브인 재정지원액을 중심으로 정책집행에 따른 정책의 시차효과를 분석하였다. 분석결과 우리나라의 외국인직접투자유치정책의 시차효과는 정책집행 후 2~3년 정도의 시차가 발생하는 것으로 분석되었다. 따라서 우리나라의 외국인직접투자 유치정책의 방향은 조세감면제도 보다는 직접보조금 혹은 재정지원(금융)과 같은 현실적인 정책수단을 강화해야 할 것이다.

• The Journal of Asian Finance, Economics and Business
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• 제8권4호
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• pp.625-633
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• 2021

Bangladesh's growing foreign aid has sparked controversy over whether it affects the country's economic performance. This review assesses foreign aid's influence on the country's economic growth with annual data covering the 1989-2018 period. The Autoregressive Distributed Lag (ARDL) model is applied to achieve the research objective, and the empirical results indicate a substantial and robust impact of foreign assistance on economic growth. The outcome further reveal that domestic investment also contributes significantly to the country's economic evolution. However, trade openness plays a substantial positive role in the short run, although the impact is immaterial in the long run. The empirical findings indicate that the association between aid, domestic investment, and growth has a confident meaningful effect at 1 per cent level in the long run, whereas aid influences more than domestic investment. However, in the short run, aid, domestic investment, trade openness, and growth show positive and noteworthy response also at 1 percent level. This review undertakes a detailed analysis about the country's economic growth, and grounded on its outcome, this work suggests that focus should be placed more on creating domestic investment, promoting more export, and allocation of aid should be determined by the relative needs of the country.

• 한국인터넷방송통신학회논문지
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• 제21권4호
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• pp.149-156
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• 2021

인터넷망에서 동영상 콘텐츠를 스트리밍 서비스로 시청할 수 있게 해주는 OTT 서비스는 최근 많은 각광을 받고 있으며 이용자수 또한 가파르게 증가하고 있다. OTT 회사가 전통적인 미디어 회사들 및 타 OTT 회사들과 관계에서 경쟁 우위를 확보하기 위해 더 많은 콘텐츠를 확보하는 것은 당연한 전략일 것이다. 하지만 OTT 사업자로부터 유발된 인터넷 트래픽양 또한 더불어 같이 증가하게 되므로 이를 전송해 주어야 하는 인터넷 서비스 회사의 설비 투자도 증가해야 한다는 의견도 있다. 본 연구에서는 대표적인 OTT 회사인 넷플릭스의 콘텐츠 투자가 자사의 매출 증가와 인터넷 서비스 회사의 인터넷 망 투자 증가에 어떠한 영향을 미치는 지를 시차 분포 모형을 통해 실증적으로 분석하였다. 분석결과는 넷플릭스의 콘텐츠 투자는 자사의 매출 증대에 기여하고 있으며, 또한 인터넷 서비스 사업자 들의 인터넷 망투자 증가에도 영향을 미치는 것을 보여 준다. 이는 OTT 사업자의 콘텐츠 확대 전략이 유효한 경영 전략임을 확인해주며, OTT 사업자 들로부터 우발디는 막대한 인터넷 트래픽을 지연없이 전송하기 위한 인터넷 망 설비 투자 비용을 OTT 사업자 들이 분담할 필요가 있다는 연구 결과 들을 실증적으로 지지한다.

• 정보기술응용연구
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• 제3권2호
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• pp.25-48
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• 2001

최근 기업차원뿐 만 아니라 국가적 차원에서도 정보기술에 대한 투자 및 활용에 많은 노력을 기울이고 있다. 본 연구는 이러한 노력이 과연 가시적인 경제적 효과를 가져오는가를, 정보화수준과 생산성의 관계를 통해 알아보고자 한다. 특히, 거시적 차원에서 국가의 정보화수준이 국가경제생산성에 미치는 영향을 분석하기 위해, 주요 국가들의 정보화와 생산성에 관한 제반 통계자료를 수집하여 정보화지수 성장률과 총요소생산성(TFP : Total Factor Productivity) 및 노동생산성 성장률 등을 측정하고, 이들 개념간의 관계를 실증적으로 분석하였다.

• 기술혁신연구
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• 제7권2호
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• pp.1-20
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• 1999

This paper investigates the effects of various R&D investments on economic growth empirically. To this end, the relationships between various R&D investments and economic growth are analysed, and the rates of return of R&D investments are estimated. Furthermore, the effect of government R&D investment on private sector R&D investment, and the effect of social factors, which affect the relationship between the R&D inputs and economic growth, are analysed. Based on the results of this analysis, a simulation model is developed, which shows the relationship between R&D investments and economic growth rate; this model is verified by analysing the correlation between the actual and the estimated economic growth rate, using the data between 1981 and 1995 of eight selected countries. The validation results show that the simulation model has sufficient accuracy to be used for evaluating and proposing R&D policies for the countries for which appropriate data is available. However, the time-lag effect, which is naturally believed to exist between the R&D input and the economic growth, could not be analysed in a mathematical form, because of the lack of the data to establish this relationship. Thus, when estimating the relationship between them, the time-lag effect in this relationship was included implicitly by using the data of fifteen years.