R&D Spillovers and Total Factor Productivity in South Korea with ARDL Approach
DOI:
https://doi.org/10.14665/1614-4007-21-1-003Keywords:
R&D spillovers, Total Factor Productivity, Research & Development, South Korea, ARDLAbstract
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.Downloads
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