- R&D기반 성장모형의 실증분석
- ㆍ 저자명
- 조상섭,정동진,장송자
- ㆍ 간행물명
- 기술혁신연구
- ㆍ 권/호정보
- 2002년|10권 2호|pp.91-105 (15 pages)
- ㆍ 발행정보
- 기술경영경제학회
- ㆍ 파일정보
- 정기간행물| PDF텍스트
- ㆍ 주제분야
- 기타
This paper extends the empirical analysis on R&D based growth model so that the nonstationary panel unit root testing methods can be used to distinguish the exogenous growth model and R&D based growth model for the 1981-1999 period with fourteen OECD economies including Korea. Our results show that first, using U.S. and Group mean as benchmarking, the stochastic R&D productivity convergence to benchmarking is not supported in our data set. Second, the empirical results for stochastic nonconvergence to the U.S. or group mean also are robustness to panel unit root methods. We, therefore, find strong support for the implications for R&D based growth model.