An Empirical Analysis of the Impact of Government Regulation on Technical Innovation : Evidence from Korean Manufacturing Firms (규제가 기술혁신에 미치는 영향에 관한 실증분석: 우리나라 제조업 분야기업을 대상으로)

Kim, kwon-sik (김권식); 안승구; Jong-Han Lee (이종한); LEE KWANG HOON (이광훈)

An Empirical Analysis of the Impact of Government Regulation on Technical Innovation : Evidence from Korean Manufacturing Firms

Journal of Regulation Studies
2016, 25(1), pp.91-111
Publisher : 한국규제학회
Research Area : Social Science > Public Administration

Kim, kwon-sik ¹, 안승구 ², Jong-Han Lee ³, LEE KWANG HOON ⁴

¹前 한국행정연구원
²한국과학기술기획평가원
³한국행정연구원
⁴강원대학교

Accredited

ABSTRACT

This article aims to investigate the impact of government regulation on the business innovation by analysing the case of Korean manufacturing companies. The analytical sample is gathered from the 2012 Korean Innovation Survey data of Korean Institute of Science & Technology Evaluation and Planning and merged with Korean Regulation Index data of Korean Institute of Public Administration. The analysis results show that the technical innovation of manufacturing firms is negatively associated with regulation stringency of manufacturing business. More specifically, the higher level of the manufacturing field’s regulation flow as well as regulation stock may hinder the firm’s innovation activity and performance. The results suggest the importance of regulation reform for promoting innovation of Science & Technology and business.

KEYWORDS

government regulation, innovation, R&D, regulation index, regulation stock, regulation flow

Citation status

* References for papers published after 2023 are currently being built.

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