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The Contribution of R&D Outsourcing to Productivity Growth
- Authors
- SEO, Hwan Joo; Kim,Han Sung; Lee,Young Soo
- Issue Date
- Jun-2012
- Publisher
- 과학기술정책연구원
- Keywords
- productivity; R& amp; D investment; R& amp; D outsourcing
- Citation
- SCIENCE TECHNOLOGY AND INNOVATION POLICY REVIEW, v.3, no.1, pp.80 - 95
- Indexed
- OTHER
- Journal Title
- SCIENCE TECHNOLOGY AND INNOVATION POLICY REVIEW
- Volume
- 3
- Number
- 1
- Start Page
- 80
- End Page
- 95
- ISSN
- 2093-3053
- Abstract
- Few studies have focused on the impact of R&D outsourcing on technological innovation and productivity despite the increased importance of R&D outsourcing. This study analyzes the productivity effects of investment in R&D outsourcing with a sample of Korean manufacturing industries from 2001 to 2009. The estimation results show a nonlinear U-shaped relationship between productivity and the share of R&D outsourcing capital for total R&D capital. This implies that the cost of R&D outsourcing outweighs its benefits in the early stages of R&D outsourcing. The U-shaped relationship is particularly pronounced in high-technology industries.
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Related Researcher
- SEO, Hwan Joo
- COLLEGE OF BUSINESS AND ECONOMICS (DIVISION OF BUSINESS ADMINISTRATION)