초록

This paper empirically explores the effects of various government policy instruments on innovation firms’ productivity using Korean 2008 and 2010 Community Innovation Survey data conducted by the STEPI. The empirical results summarized as follows. First, government policy variables are found to be endogeneous, which implies that simple OLS estimation of the productivity model should produce biased results and thus lead to inappropriate policy suggestions. Second, empirical results shows that most government technology promotion policies are positively associated with firm productivity directly, implying that the policies cause to correct market failure, rather than lead to government failure. This indirectly means that the government policies promote technology development activities, rather than crowd out them. Third, using the non-InnoBiz firm sample, only one policy variable is found to be statistically significant, but for the Inno-Biz firm sample, all estimated coefficients except two government policy variables are found to be significant. This implies that productivity effects of government policy can be mainly due to those from Inno-Biz firms.

키워드

Technology Development, Firm Performance, 2SPS, Endogeneity

참고문헌(33)open

  1. [학술지] 권남훈 / 2004 / 기업 R&D 투자에 대한 정부 직접 보조금의 효과 / 국제경제연구 10 (2) : 157 ~ 181

  2. [보고서] 김기완 / 2008 / 정부의 R&D 보조금의 기업성과에 대한 효과 분석

  3. [단행본] 김정흥 / 2009 / 기술혁신의 경제학 / 시그마프레스

  4. [학술지] 김호 / 2012 / 정부보조금의 민간연구개발투자에 대한 효과분석 / 기술혁신학회지 15 (3) : 649 ~ 674

  5. [학술지] 신범철 / 2009 / 기업패널자료를 활용한 수출의 생산성 효과 분석 / 국제통상연구 14 (2) : 1 ~ 26

  6. [학술지] 신범철 / 2013 / CDA모형에 의한 정부의 연구개발지원이 기술혁신활동에 미치는 효과 분석 / 생산성논집 27 (2) : 241 ~ 262

  7. [학술지] 신범철 / 2015 / 환경혁신이 기업성과에 미치는 효과 / 생산성논집 29 (1) : 177 ~ 199

  8. [학술지] 신범철 / 2015 / 혁신형기업에 대한 정책지원 성과분석연구 / 글로벌경영학회지 12 (2) : 131 ~ 155

  9. [학술지] 신범철 / 2009 / 정부 R&D 지원이 민간 기업의 R&D 투자에 미치는 효과분석 / 생산성논집 23 (1) : 5 ~ 27

  10. [학술지] 신범철 / 2009 / 중소기업의 R&D 투자가 생산성에 미치는 효과 / 한국경제연구 26 : 151 ~ 178

  11. [학술지] 신범철 / 2015 / 중소기업에 대한 온라인수출지원의 경제적 효과 분석 / 국제지역연구 19 (3) : 33 ~ 53

  12. [학술지] Almus, M. / 2003 / The Effects of Public R&D Subsidies on Firms’Innovation Activities : the Case of Eastern Germany / Journal of Business and Economic Statistics 21 (2) : 226 ~ 236

  13. [학술지] Busom, I. / 2000 / An Empirical Evaluation of the Effects of R&D Subsidies / Economics of Innovation and New Technology 9 (2) : 111 ~ 148

  14. [학술지] Cerulli, G. / 2010 / Modelling and Measuring the Effect of Public Subsidies on Business R&D : A Critical Review of the Economic Literature / Economic Record 86 : 421 ~ 449

  15. [학술지] Cin, B. C. / 2015 / The Effect of Technology Innovation on Employment in Korean Inno-Biz SMEs / Economics Bulletin 35 (4) : 2258 ~ 2269

  16. [학술대회] Cin, B. C. / 2014 / The Impact of Government R&D Promotion Policy on Firm Performance: Evidence from Korea / OECD Conference on Entrepreneurship, Innovation and Enterprise Dynamics, Paris, France

  17. [학술지] Czarnitzki, D. / 2007 / The Relationship between R&D Collaboration, Subsidies and R&D Performance : Empirical Evidence from Finland and Germany / Journal of Applied Econometrics 22 (7) : 1347 ~ 1366

  18. [학술지] Czarnitzki, D. / 2006 / Additionality of Public R&D grants in a Transition Economy : the Case of Eastern Germany / Economics of Transition 14 (1) : 101 ~ 131

  19. [학술지] Czarnitzki, D. / 2014 / Innovation Subsidies : Does the Funding Source Matter for Innovation Intensity and Performance? Empirical Evidence from Germany / Industry and Innovation 21 (5) : 380 ~ 409

  20. [학술지] David, P. A. / 2000 / Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence / Research Policy 29 : 472 ~ 495

  21. [학술지] Gonzalez, X. / 2008 / Do public subsidies stimulate private R&D spending? / Research Policy 37 (3) : 371 ~ 389

  22. [학술지] Gorg, H. / 2007 / The Effect of R&D Subsidies on Private R&D / Economica 74 : 215 ~ 234

  23. [단행본] Krugman, P. / 1994 / The Myth of Asia’s Miracle / Foreign Affairs : 62 ~ 78

  24. [학술지] Hall, B. H. / 2008 / Evaluating the Impact of Technology Development Funds in Emerging Economies : Evidence from Latin America / European Journal of Development Research 20 (2) : 172 ~ 198

  25. [학술지] Klette, T. / 1999 / From Growth Theory to Technology Policy : Coordination Problems in Theory and Practice / Nordic Journal of Political Economy 25 : 53 ~ 74

  26. [학술지] Lach, S. / 2002 / Do R&D Subsidies Stimulate or Displace Private R&D? Evidence from Israel / The Journal of Industrial Economics 50 : 369 ~ 390

  27. [학술지] Lee, E. Y. / 2010 / The Effect of Risk-sharing Government Subsidy on Corporate R&D Investment : Evidence from Korea / Technological Forecasting & Social Change 77 (6) : 881 ~ 890

  28. [학술지] Mansury, M. A. / 2008 / Innovation, Productivity and Growth in US Business Services : A Firm-level Analysis / Technovation 28 : 52 ~ 62

  29. [학술지] Rivers, D. / 1988 / Limited Information Estimators and Exogeneity Tests for Simultaneous Probit Model / Journal of Econometrics 39 : 347 ~ 366

  30. [학술지] Terza, J. / 2008 / Two-stage Residual Inclusion Estimation : Addressing Endogeneity in Health Econometric Modeling / Journal of Health Economics 27 : 531 ~ 543

  31. [단행본] Woodridge, J. M. / 2010 / Econometric Analysis of Cross Section and Panel Data / MIT Press

  32. [학술지] Young, A. / 1995 / The tyranny of numbers : Confronting statistical realities of the East Asian growth experience / Quarterly Journal of Economics 110 : 641 ~ 681

  33. [학술지] Zuniga-Vicente, J. / 2014 / Assessing the Effect of Public Subsidies on Firm R&D Investment : A Survey / Journal of Economic Survey 28 (1) : 36 ~ 67