R&D spillovers and total factor productivity in South Korea with ARDL approach
This study aims to examine the impact of R&D spillovers on the South Korean total factor productivity (TFP) using the Autoregressive Distributed Lag (ARDL) estimation technique. Using data from the period 1985-2005, the results show that the domestic research and development (R&D) expenditur...
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Main Authors: | , , , |
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Format: | Article |
Published: |
Transition Academia Press
2014
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Online Access: | http://psasir.upm.edu.my/id/eprint/35143/ http://transitionacademiapress.org/jtsr/article/view/24 |
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Summary: | This study aims to examine the impact of R&D spillovers on the South Korean total factor productivity (TFP) using the Autoregressive Distributed Lag (ARDL) estimation technique. Using data from the period 1985-2005, the results show that the domestic research and development (R&D) expenditure and foreign direct investment (FDI) have positive im- pact on the productivity growth in South Korea, in the long run. However, in the short run, the domestic R&D and the imports of goods and services have significant positive impact on the country’s TFP. |
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