R&D Spillovers and Total Factor Productivity in South Korea with ARDL Approach

Saifuzzaman Ibrahim (), Hazirah Mohd Sidek (), W.N.w Azman-Saini and Mazlina Abdul Rahman ()

Journal Transition Studies Review, 2014, vol. 21, issue 1, 33-42

Abstract: 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.

Keywords: R&D spillovers; Total Factor Productivity; Research & Development; South Korea; ARDL (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ase:jtsrta:v:21:y:2014:i:1:p:33-42:id:37

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