An Analysis of the Economic Effects of R&D Investment in the IT Industry

Autor: Jae-Pyo Hong, Pang-Ryong Kim, Na-Lin Choi
Rok vydání: 2012
Předmět:
Zdroj: The Journal of Korea Information and Communications Society. :837-848
ISSN: 1226-4717
Popis: This study has conducted the economic effects of RD capital stock, labor input and RD broadcasting communication appliances, information appliances and electronic components industry. Our analysis has found that auto-correlation shows considerable levels whereas figures of t-value and R-square show significant levels among all the IT sub-industries. Meanwhile, the values of R&D stock in the information appliances industry and that of labor input coefficients in the electronic components industry were minus, thus multi-collinearity was suspected. We have solved the problems regarding auto-correlation and multi-collinearity through Cochrane-Orcutt estimation and principal components analysis. This paper has derived the implications that R&D investment in the broadcasting communication industry is much more influential than any other IT sub-industry.
Databáze: OpenAIRE