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The Impact of R&D Investment in Private Manufacturing Industry on Employment Creation

  • Korean Society and Public Administration
  • Abbr : KSPA
  • 2017, 28(1), pp.89-107
  • Publisher : Seoul Association For Public Administration
  • Research Area : Social Science > Public Administration

Lee, Seog-Min 1

1수원대학교

Accredited

ABSTRACT

The purpose of this study is to examine the effects of R&D investment on job creation in private manufacturing companies by using the simultaneous equations estimation. According to the results of the analysis, it is found that R&D investment of private manufacturing companies in Korea has not positively affected employment in high, medium, and low technology industry. This is different from the compensation theory that technology innovation creates employment in the long run and the domestic and overseas research cases that support it. In particular, these results are far from the goals of science and technology innovation aimed at economic growth and job creation. In conclusion, the private sector and the government should promote sustainable national competitiveness and economic growth by achieving the goal of job creation through R&D and technological innovation.

Citation status

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