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A new approach to efficient ratio: A case of South Korea's research and development investment
- Authors
- Kim, Hongbum; Shin, Jungwoo; Lee, Sangwon
- Issue Date
- Jan-2019
- Publisher
- Elsevier
- Keywords
- R& D investment; Efficient ratio; R& D activity; Science and technology policy
- Citation
- Journal of Engineering and Technology Management, v.51, pp.1 - 9
- Journal Title
- Journal of Engineering and Technology Management
- Volume
- 51
- Start Page
- 1
- End Page
- 9
- ISSN
- 0923-4748
- Abstract
- Previous studies generally indicate that increasing investment in research and development (R&D) positively affects economic growth. However, there exists limited discussion on the efficient ratio of R&D investment for basic, applied, and development research. Therefore, this study conducted an empirical analysis of the efficient ratio of R&D investment based on national data in Korea. In addition to different R&D activities, this study estimated the optimal ratio of financial source types according to public and private R&D. The results of this study indicate that the investment ratio in R&D activities and financial source types should be adjusted.
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Related Researcher
- Kim, Hongbum
- Business Administration (Divison of Business Administration)