인천 제조업 기업의 연구개발 투자와 성장률의 관계 = The Empirical Study on the Relationship between R&D Investment and Growth Rate Change of Manufacturing Firms in Incheon

다국어 초록 (Multilingual Abstract)

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.

참고문헌 (Reference)

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