연구개발투자의 경제적 파급효과 분석 = Macroeconomic Performance Analysis of R&D Investment

다국어 초록 (Multilingual Abstract)

This paper examines the macroeconomic effects of R&D investment, using time-series data for the 1980～2009 period. For this, we analyze the effect of whole R&D investment, as well as public and private R&D investment on the GDP and the employment. In addition, we estimate the multiplier effects based on the productivity and trade path of R&D investment. The estimates indicate that R&D investment affects the GDP and the employment through the path of labor productivity and export weight. Besides, the effect of private R&D investment is far bigger than that of public R&D investment. The multiplier effects are considerably large, and the effect of the private is far bigger and more persistent than the public. Based on the findings, we can infer that public R&D investment promote the private. Thus, government`s R&D investment should be envisioned as keeping the complementing between the public and the private section.

참고문헌 (Reference)

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