• Title/Summary/Keyword: Technological change

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A study on the technological and locational changes of textile industry in Korea (韓國 纖維工業의 技術變化와 立地에 관한 연구)

  • ;Kim, Seon Bae
    • Journal of the Korean Geographical Society
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    • v.38
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    • pp.37-59
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    • 1988
  • The aim of this study is to investigate the influence of the technological changes on locational changes on the assumption that technological changes cover over all industrial sectors. The study is carred on 1) To investigate the theoretical backgrounds of the technological and locational changes and their problems. 2) To investigate the location and economic characteristics of the Korean textile industry. 3) To investigate the technological development and regional variations in technological level. 4) To the relationship of the technological change to the location of the textile industries. The locational change of the Korean textile industries have been closely related to economic characteristics. In the begining stage of development in the 1950's, thetextile industries were largely concentrated in the major cities(Seoul, Pusan, Taegu, Masan et. al.). In the growing stage of development in the 1960's, the textile industries were relocated in suburban areas with the trend of large corporations building their branch plants of chemical fibers in the suburbs. With the expansion in the export industry in the 1970's, the textile companies were distributed throughout the whole country. But the research and development(R&D) activities caused the textile industries reconcentrate around Seoul and Pusan, owining to the change of the economic environments in the 1980's. The 1980's have witnessed the increased R&D investment for the development of better new and value-added products. This was because the technological level was much higher than that of Taegu and Other regions. What is more, plant birth location and branch plant location support that locational changes of textile industry were caused by technological changes. Plant birth location put stress technological environments of region, compared with branch plant locaiton. Accordingly, the technological changes of industry can be an important factor in locational changes. Through this study, it can be seen that locational changes come from technological changes. Other locational factors influence the industrial locations, but regional variations in technological level which has been relatively ignored has to be considered on the location study. Together with the accomplishments of existing location study, the study on technological change and location can better explain the location phenomena. And further research on technological change and location can provide better policy implications for regional development.

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Innovation and Economic Growth: Factor Substitution, Technological Change and R&D Investment (기술혁신과 경제성장: 요소대체율, 기술진보율 및 연구개발투자)

  • Shin, Tae-Young
    • Journal of Technology Innovation
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    • v.15 no.2
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    • pp.1-24
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    • 2007
  • In this study, we estimated a CES production function for the Korean economy. We have found in the empirical results that the elasticity of the factor substitution is less than one and that the Korean economy exhibits labor-saving technological progress. In addition, we obtained the regression coefficient of R&D investment on technological change, i.e., the elasticity of R&D investment with respect to the technological change was 0.26% point. It implies that if R&D stock increases by 1%, labor efficiency increases 0.26% point through technological progress which is Hicksian non-neutral. It confirms that innovation-based growth strategy by increasing R&D investment would be effective on the one hand. Some policy consideration on the other might be needed for an increase in employment which is offset by technological progress.

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A Trend Analysis of Changes in Housework due to Technological Innovation and Family Change

  • LEE, Hyun-Ah;KWON, Soonbum
    • East Asian Journal of Business Economics (EAJBE)
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    • v.10 no.1
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    • pp.109-121
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    • 2022
  • Purpose - This study attempted to analyze news big data in order to examine the trend of change in housework due to technological innovation and family changes. Research design, data, and methodology - News big data was collected from Bigkinds for the purpose of trend analysis. A total of 8,270 articles containing 'housework' were extracted from news articles between January 1, 1990 and December 31, 2021. 11 general daily newspapers and 8 business newspapers were selected and were analyzed by dividing them into five-year units. Result - The change of trends in housework that appeared through news big data analysis can be summarized as below. First, the tendency to regard housework as work of women or housewives is gradually weakening. Instead, the centrality of connection with double income is increasing. Second, there is a tendency to strengthen the institutional approach to evaluation of the productivity of housework. Third, the possibility of market substitution for housework is expanding. Conclusion - In the era of the 4th industrial revolution, examining the impact of technological innovation and family change on housework not only enables the prospect of an industry, but also provides implications for policies related to housework. In addition, this study is differentiated in that it contributed to expand the field of housework research previously limited to analyzing survey data.

Economic Effect of Competition in the Korean IT Service Industry (정보통신서비스산업에서 경쟁도입의 경제적 효과 분석)

  • Cho Sang-Sup;Min Wan-Kee;Jang Song-Ja
    • Journal of Korea Technology Innovation Society
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    • v.8 no.3
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    • pp.1157-1174
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    • 2005
  • This paper aims at examining the disembodied technological progress in the Korean IT service industry, on the assumption that competition leads to the disembodied technological progress. Hobijn model (2000) which abstracts the disembodied technological progress from the total technological progress and Bai et al. Model (1998, 2003) which identifies time of the technological structural change are used for empirical study. The empirical analysis indicates the major structural change in the pattern of the disembodied technology progress occurred after 1995 in the Korean IT service industry. This means that policies for the introduction of competition system and the industry promotion around 1995 have a positive effect on the development of the Korean IT service industry.

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Technological Change and Organizational Strategy as an Evolutionary Process (진화론적 관점의 기술혁신의 동태성: 정보기술산업과 조직경쟁유형의 진화)

  • Cha, Dae-Kyu
    • Korean Business Review
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    • v.11
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    • pp.15-38
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    • 1998
  • This study explores the evolution of technical innovation over time. It focuses on sectors of the information technology because this industry can be referred to as one of the most dynamic industries of all times. Following evolutionary theorists, we argue that technological change is gradual and that superior firms and technologies are reward by the' selection' environment. In the initial phase of the industry life cycle, technological change is expected to be radical and uncertainty is high. Over time a product or technology is likely to arise which stands out above all other products or technologies. These so-called 'basic designs' serve as sorts of 'technological guideposts' for further developments in the technology. Once a basic design established, technological progress tends to follow consistent paths or trajectories. The cumulative character of technological progress facilitates a rapid expansion of the boundaries of the technology until the natural limits of the technology are approached and technological progress slows down. Following ecological theories, supply-side developments in the industry are described on the basis of five different organizational types. On the basis of this pattern of market and technological evolution we came up with seven basic propositions.

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FDI and the Evolution of Directed Technological Progress Bias: New Evidence from Korean Outward Investment

  • Boye Li;Xiang Li;Yaokun Wu
    • Journal of Korea Trade
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    • v.27 no.5
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    • pp.1-22
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    • 2023
  • Purpose - Southeast Asia has been the focus of Korea's foreign investment. Korea has been helping developing countries in Southeast Asia achieve economic growth and win-win cooperation through capital exports. FDI is an important channel for technology diffusion. However, the impact of FDI on the bias of technological progress in the host country is dependent on the host country's own endowment structure and capital-labor factor substitution elasticity. Therefore, the central issue of this paper is to accurately evaluate the impact of Korea's FDI to the four Southeast Asian countries in various industries on their bias of technological progress. Design/methodology - The paper uses macroeconomic data for Korea and four East Asian countries to estimate capital-labor factor elasticities of substitution using nonlinear, seemingly uncorrelated regressions (NLSUR). Then, the biased technological change index (BTCI) is calculated for each country. Finally, panel data analysis is used to explore the impact of Korean FDI in various industries in the four Southeast Asian countries on their own directed technological progress, and a robustness test is conducted. Findings - There is a substitution relationship between capital and labor factors based on their elasticity in Korea, Singapore and the Philippines. There is a complementary relationship between capital and labor factors in Indonesia and Malaysia. According to the BTCI, there is a trend toward labor-biased technological progress in all countries. Korean investments in manufacturing, wholesale and retail trade in the host country trigger capital-biased technological change in the host country; investments in the finance, insurance and information and communication sectors trigger labor-biased technological change. In addition, this paper also confirms that directed technological progress can enable cross-country transmission. Originality/value - The innovation of this paper lies in three aspects. First, we estimate the BTCI for five countries and explore the trend and situation of directed technological progress in each country from each country's own perspective. Second, we explore the impact of Korean FDI in the host country on the bias to its technological progress at the industry level. Second, we explore the impact of Korean FDI in various industries in the four Southeast Asian countries on the four countries' own directed technological progress from a national perspective. Finally, we propose corresponding countermeasures for technological progress from the perspective of inverse factor endowment. These innovative points not only expand the understanding of technological progress and cross-country technology transfer in East Asia but also provide practical references for policy-makers and business operators.

Discourse Analysis of Environmental Regulations and Technological Innovation for Corporate Competitiveness

  • KIM, Won-Seok;CHOI, Choongik
    • East Asian Journal of Business Economics (EAJBE)
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    • v.9 no.4
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    • pp.17-28
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    • 2021
  • Purpose - This article aims to explore the mechanism in which environmental regulations have positive effects on corporate competitiveness through technological innovation. This study also attempts to examine the relationship between environmental regulation and corporate competitiveness from a technological innovation perspective and explore a desirable relationship between those two. Research design, data, and methodology - Discourse analysis and SWOT analysis is used in terms of methodology, and this study is based on literature review theoretically. The methodology is employed in various ways to describe a variety of environmental issues. Result - The results support that technological innovation is able to play a role in coordinating relationship between environmental regulations and corporate competitiveness. The uncertainty and time lag problems innate to technological innovation function as disturbing factors for individual companies to actively increase R&D investment in response to environmental regulations. Environmental regulations may be considered to be working as a factor consolidating corporate competitiveness through technological innovation to respond to the environmental regulations including climate change issue. Conclusion - This study proposes that to achieve two goals of environmental protection and corporate competitiveness consolidation, policy support from various aspects is implied to be required. This implies that environmental regulations and technical innovation must be harmoniously balanced for future corporate success.

Technical Inefficiency Effects and Technological Change in Bangladesh Food Industry: A Stochastic Frontier Analysis

  • Rana, Md. Masud;Baten, Md. Azizul;Rabman, Mezbahur
    • Journal of the Korean Data and Information Science Society
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    • v.19 no.4
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    • pp.1449-1463
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    • 2008
  • This paper considers three different models with two functional forms, Cobb-Douglas and Translog, for the stochastic frontier production function of food manufacturing industry of Bangladesh over the period 1981-1982 to 1999-2000. The models are proposed by Battese and Coelli (1992, 1995) and Huang and Liu (1994). The technical efficiency, total factor productivity, technological change and technical efficiency change have been estimated in the frontier models. The results indicate that 41.47%, 59.30% and 70.98% of the potential output are being realized in this sector. The mean increments in total factor productivity are approximately 2%, 9% and 4% respectively.

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Forecasting the Environmental Change of Technological Innovation System in South Korea in the COVID-19 Era

  • Kim, Youbean;Park, Soyeon;Kwon, Ki-Seok
    • Asian Journal of Innovation and Policy
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    • v.9 no.2
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    • pp.133-144
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    • 2020
  • Korean economy has experienced a very rapid growth largely due to the change of the innovation system since the last half century. The recent outbreak of COVID-19 impacts the global economy as well as Korea's innovation system. In order to understand the influence of the shock to the Korean technological system, we have forecast the future of the system combining qualitative and quantitative techniques such as expert panel, cross impact analysis, and scenario planning. According to the results, we have identified 39 driving forces influencing the change of Korea's technological innovation system. Four scenarios have been suggested based on the predetermined factors and core uncertainties. In other words, uncertainties of emergence of the regions and global value chains generate four scenarios: regional growth, unstable hope, returning to the past, and regional conflicts. The 'regional growth' scenario is regarded as the most preferable, whereas the 'regional conflicts' scenario is unavoidable. In conclusion, we put forward some policy implications to boost the regional innovation system by exploiting the weakened global value chains in order to move on to the most preferable scenario away from the return to the past regime.