규제방식이 창업기업의 진입 및 혁신에 미치는 영향: 한국 사례를 중심으로

The Impact of Regulatory Approaches on Entrepreneurship and Iinnovation: In the Context of the Growth of Entrepreneurship in South Korea

  • Kim, Yujin (Sogang University, Sogang Business School)
  • 투고 : 2022.07.11
  • 심사 : 2022.08.26
  • 발행 : 2022.08.30

초록

이 논문은 규제방식이 창업과 혁신에 미치는 영향에 대해 연구한다. 규제는 정부가 강제성을 지닌 법적 조치로 시장 행위를 제한하거나 개입하는 것을 의미한다. 규제를 바라보는 관점으로는 규제는 정부가 공익을 저해하는 시장 주체의 행위를 시정하기 위해 필수불가결하다는 공익이론과 규제는 수요와 공급의 논리에 따라 정책입안자와 특정이익집단 간의 이익 교환의 산물로 나타난다는 공공선택이론이 있다. 이 논문은 규제에 관한 두 가지 상반된 이론을 중심으로 규제가 창업과 혁신에 미치는 영향을 분석한 기존 연구를 소개하며, 이를 토대로 최근 한국 창업생태계를 중심으로 이른바 '파지티브 규제'방식과 '네거티브 규제'방식에 대한 논쟁이 시작된 배경을 심도있게 논하고자 한다. 비용효율성 중심의 경제 구조에서 혁신주도형 경제로의 전환을 모색 중인 한국 경제는, 창업생태계의 성장과 함께 나타난 혁신적인 스타트업이 정부 주도의 시장 규제방식을 맞닥뜨렸을 때 발생하는 문제와 그 영향을 연구하는데 유용한 사례를 제공한다. 한때 정부 계획 하에 수출과 산업화로 빠르게 성장한 제조업 중심의 한국 경제가 혁신 기반 경제로 전환되는 과도기적 시점이 글로벌 경영 환경에서의 제4차 산업 혁명의 시작점과 공교롭게 맞물리고 있는 지금, 혁신을 기반으로 하는 창업 생태계를 조성하는 것은 우리 경제가 향후 국제 시장에서 지속가능한 경쟁우위를 확보할 수 있도록 하는데 중요한 과제 중 하나다. 이는 비단 개별 기업의 노력뿐만 아니라 창업과 혁신에 대한 유인을 보호하고 투명하고 공정한 경영환경을 조성하기 위한 정부의 지원과 노력을 요하는 문제이다. 이러한 시점에서 정부의 규제방식이 창업기업의 진입과 혁신적인 제품 및 서비스에 미치는 영향을 한국의 사례에 비추어 살펴보는 것은 학문적·정책적으로 시의적절한 의의를 지닌다고 생각된다.

This paper studies the impact of regulatory approaches on innovation and entrepreneurship. As technological progress and environmental changes avail new business opportunities to innovative startups, many governments find it difficult to regulate new and unprecedented businesses promoted by the innovative firms. In order to provide academic and practitional implications on the regulatory design with which to support innovation and entrepreneurship, this paper aims to review classical theories on the demand and supply of regulation as well as empirical research on the impact of regulation on market entry and incentives for innovation. Based on the findings, this paper discusses the recent controversies around the regulatory approaches on new businesses pursued by startups, which are as known as the "positive regulatory approach" vs. "negative regulatory approaches" among practitioners and policy makers in Korea. This paper claims that the Korean context provides an useful opportunity to investigate how the ongoing transition of the once "fast follower" economy into a pacesetter one changes the nature of businesses pursued by firms, investors, and related market players and, accordingly, calls for the changes in the way the government intervenes in markets to regulate businesses of firms. By doing so, this paper sheds light on the role of the government in establishing an entrepreneurial ecosystem where innovative ideas of startups can be tested and nurtured.

키워드

참고문헌

  1. Acemoglu, D., Johnson, S., & Robinson, J. A.(2001). The colonial origins of comparative development: An empirical investigation. American economic review, 91(5), 1369-1401. https://doi.org/10.1257/aer.91.5.1369
  2. Acemoglu, D., & Robinson, J. A.(2012). Why nations fail: The origins of power, prosperity, and poverty. Currency.
  3. Acs, Z. J., & Audretsch, D. B.(1988). Innovation in large and small firms: an empirical analysis. American economic review, 678-690.
  4. Bailey, J. B., & Thomas, D. W.(2017). Regulating away competition: The effect of regulation on entrepreneurship and employment. Journal of Regulatory Economics, 52(3), 237-254. https://doi.org/10.1007/s11149-017-9343-9
  5. Bator, F. M.(1958). The anatomy of market failure. The Quarterly Journal of Economics, 72(3), 351-379. https://doi.org/10.2307/1882231
  6. Birnbaum, P. H.(1984). The choice of strategic alternatives under increasing regulation in high technology companies. Academy of Management Journal, 27(3), 489-510. https://doi.org/10.2307/256041
  7. Branstetter, L., Lima, F., Taylor, L. J., & Venancio, A.(2014). Do entry regulations deter entrepreneurship and job creation? Evidence from recent reforms in Portugal. The Economic Journal, 124(577), 805-832. https://doi.org/10.1111/ecoj.12044
  8. Calcagno, P. T., & Sobel, R. S.(2014). Regulatory costs on entrepreneurship and establishment employment size. Small Business Economics, 42(3), 541-559. https://doi.org/10.1007/s11187-013-9493-9
  9. Chong, Y. Y.(2010). Admonitions on governing the people: manual for all administrators. CA: University of California Press.
  10. Emily Mae Czachor(2022.07.05.). More than 220 shot and killed in U.S. gun violence over July 4 holiday weekend, CBS News, Retrieved from https://www.cbsnews.com/news/us-gun-violence-shootings-220-killed-july-4-weekend/.
  11. Choi, C. H., Kim, S. B., & Kim, B. C.(2015). A Study on the Possibility and Methods of Fundamental Transformation of the Regulatory System. Sejong: Ministry of Legislation.
  12. Croley, S. P.(2009). Regulation and public interests. In Regulation and Public Interests. NJ: Princeton University Press.
  13. Djankov, S., La Porta, R., Lopez-de-Silanes, F., & Shleifer, A.(2002). The regulation of entry, The quarterly Journal of economics, 117(1), 1-37. https://doi.org/10.1162/003355302753399436
  14. Drucker, P.(2012). The practice of management. London: Routledge.
  15. Eucken, W.(2012). The foundations of economics: History and theory in the analysis of economic reality. Springer Science & Business Media.
  16. Gans, J. S., Hsu, D. H., & Stern, S.(2000). When does start-up innovation spur the gale of creative destruction?. RAND Journal of Economics, 33(4), 571-586. https://doi.org/10.2307/3087475
  17. Ha, D., Choi, Y., Kim, D. U., Chung, K. H., & Lee, E. K.(2011). A comparative analysis of the impact of a positive list system on new chemical entity drugs and incrementally modified drugs in South Korea. Clinical therapeutics, 33(7), 926-932. https://doi.org/10.1016/j.clinthera.2011.05.089
  18. Hamilton, B. H.(2000). Does entrepreneurship pay? An empirical analysis of the returns to self-employment. Journal of Political economy, 108(3), 604-631. https://doi.org/10.1086/262131
  19. Hagedoorn, J.(1996). Innovation and entrepreneurship: Schumpeter revisited. Industrial and corporate change, 5(3), 883-896. https://doi.org/10.1093/icc/5.3.883
  20. Henderson, R.(1993). Underinvestment and incompetence as responses to radical innovation: Evidence from the photolithographic alignment equipment industry, RAND Journal of Economics, 248-270.
  21. Hurst, E., & Lusardi, A.(2004). Liquidity constraints, household wealth, and entrepreneurship. Journal of political Economy, 112(2), 319-347. https://doi.org/10.1086/381478
  22. Kang, W. J., Lee, B. H., & Oh, W. G.(2012). The effects of the utilization of external resources on the technological innovation performance along the stages of growth in Korean ventures. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 7(1), 35-45. https://doi.org/10.16972/APJBVE.7.1.201203.35
  23. Kazanjian, R. K.(1988). Relation of Dominant Problems to Stages Growth in Technology-based New Ventures. Academy of Management Journal, 31(2), 257-279. https://doi.org/10.2307/256548
  24. Kim, L.(1997). Imitation to innovation: The dynamics of Korea's technological learning. Boston: Harvard Business School Press.
  25. Kim, H. C.(2015). How should Korea break through the era of low growth?: searching for a survival strategy. Paju: Dasan Books.
  26. Kim, E. D.(2019). Comparative Analysis on Secular Stagnation of the Korea Economy and the Middle-Income Trap Controversy, Asia-Pacific Journal of Business & Commerce, 11(3), 126-156. https://doi.org/10.35183/ajbc.2019.11.11.3.126
  27. Kim, S. W., Jin, W. S., Kwak, G. H., & Ko, H. J.(2021). A Study on the Measurement of Startup and Venture Ecosystem Index, Asia-Pacific Journal of Business Venturing and Entrepreneurship, 16(6), 31-42 https://doi.org/10.16972/APJBVE.16.6.202112.31
  28. Kim, M. J.(2022). The Effect of Startup Support Policy on Entrepreneurship: Focusing on TIPS Support Projects by the Ministry of SMEs and Startups, Asia-Pacific Journal of Business Venturing and Entrepreneurship, 17(3), 1-17. https://doi.org/10.16972/APJBVE.17.3.202206.1
  29. Klapper, L., Laeven, L., & Rajan, R.(2006). Entry regulation as a barrier to entrepreneurship. Journal of Financial Economics, 82(3), 591-629. https://doi.org/10.1016/j.jfineco.2005.09.006
  30. Lee, W. W.(2008). Regulatory Reform and Deregulation: Searching for Legal Policies to Correct Regulation. The Justice, 106, 355-389.
  31. Lerner, J.(2009). Boulevard of broken dreams. In Boulevard of Broken Dreams. NJ: Princeton University Press.
  32. Marx, K.(2004). Capital: volume I (Vol. 1). UK: Penguin.
  33. Min, B. J.(2021). Latecomer Firm's Technological Learning Strategies for Creative Imitation, Innovation, and International Licensing-out. Doctoral dissertation. Seoul National University
  34. Moskowitz, T. J., & Vissing-Jorgensen, A.(2002). The returns to entrepreneurial investment: A private equity premium puzzle?. American Economic Review, 92(4), 745-778. https://doi.org/10.1257/00028280260344452
  35. Nam, J. M., Lee, S. H., Lee, S. J., & You, H. K.(2021). A Study on the Changes in the Domestic Start-up Environment and Start-up Perception: Focusing on the changes in 2016 and 2021. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 16(6), 145-155. https://doi.org/10.16972/APJBVE.16.6.202112.145
  36. OECD(2002). Regulation. Retrieved(2022.08.27.) from https://stats.oecd.org/glossary/detail.asp?ID=3295.
  37. Paik, Y., Kang, S., & Seamans, R.(2019). Entrepreneurship, innovation, and political competition: How the public sector helps the sharing economy create value. Strategic Management Journal, 40(4), 503-532. https://doi.org/10.1002/smj.2937
  38. Posner, R. A.(2000). Theories of economic regulation. Bell Journal of Economics and Management Science, 1, 335-358.
  39. Schumpeter, J. A.(2017). The theory of economic development: An inquiry into profits, capita I, credit, interest, and the business cycle. New York: Routledge.
  40. Shaviro, D.(1990). Beyond public choice and public interest: A study of the legislative process as illustrated by tax legislation in the 1980s. University of Pennsylvania Law Review, 139(1), 1-124. https://doi.org/10.2307/3312189
  41. Sood, A., & Tellis, G. J.(2005). Technological evolution and radical innovation. Journal of Marketing, 69(3), 152-168. https://doi.org/10.1509/jmkg.69.3.152.66361
  42. Sorescu, A. B., Chandy, R. K., & Prabhu, J. C.(2003). Sources and financial consequences of radical innovation: Insights from pharmaceuticals. Journal of Marketing, 67(4), 82-102. https://doi.org/10.1509/jmkg.67.4.82.18687
  43. Stigler, G. J.(1971). The economic theory of economic regulation. Bell Journal of Economics, 2(1), 3-21.
  44. Sunstein, C. R.(1990). Paradoxes of the regulatory state. University of Chicago Law Review, 57, 407-442. https://doi.org/10.2307/1599951
  45. Teece, D. J.(1986). Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy. Research policy, 15(6), 285-305. https://doi.org/10.1016/0048-7333(86)90027-2
  46. Thomas, L. G.(1990). Regulation and firm size: FDA impacts on innovation. RAND Journal of Economics, 497-517.
  47. Tushman, M. L., & Anderson, P.(2018). Technological discontinuities and organizational environments. In Organizational Innovation, 345-372.
  48. Wapshott, N.(2021). Samuelson Friedman: The Battle Over the Free Market. New York: WW Norton & Company.
  49. Williamson, O. E.(1971). The vertical integration of production: market failure considerations. American Economic Review, 61(2), 112-123.
  50. Yoo, H. B.(2020). A Study on the Behavior of Private in the Process of Introducing Regulatory Policy: Focusing on conflicts between taxicab and platform industries in introducing innovative platform taxicab. Journal of Regulation Studies, 29(2), 155-195 https://doi.org/10.22954/KSRS.2020.29.2.006