• Title/Summary/Keyword: Innovation policy

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Sources of Income Polarization in Korea: Globalization and Technological Innovation

  • Shin, Taeyoung
    • STI Policy Review
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    • v.7 no.2
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    • pp.1-15
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    • 2016
  • This study provides empirical evidences for the relationship between income inequality and economic growth, and relationship of income inequality with some of explanatory variables such as technological innovation, trade globalization, financial globalization and fiscal policy. We find out that income inequality has an adverse effect on economic growth, showing its dynamic features, for which we employed the polynomial distributed lags (PDL) model. The effect of income inequality on economic growth lasts over 9 years, and its dynamic effect peaks after 4 years. In addition, we also attempted to find out empirical evidences of sources of income inequality. The results show that income inequality is positively related to technological innovation, financial globalization, and fiscal policy; negatively related to the trade globalization. Many studies employ cross-country data, but it could have serious problems in collecting statistical data. Korean data is used over the time period of 1990-2015 in this study.

Creation of System Dynamics in an Uncertain and Complex Market: The Case of Korea's Evolving Biopharmaceutical Industry

  • Lee, Jeong Hyop;Kim, Jaewon;Hyeon, Byung-Hwan
    • Asian Journal of Innovation and Policy
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    • v.8 no.2
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    • pp.180-207
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    • 2019
  • This article explores the historical evolutionary process of the biopharmaceutical industry of Korea, and how intentional and unintentional policy interventions have triggered the creation of the industry's system dynamics and paved the way for the generation of a few global leading products, including biosimilar, as well as next-generation therapeutics of gene and cell. The policies cover the simple technology transfer of API synthesis to overcome the endemic parasitic disease, new substance patent adoption and new drug development consortia, human resource development, various national initiatives influenced by the Human Genome Project, and venture promotion schemes. The scope and implementation tools under these policies have been aligned and refined to transform traditional fine chemical-based pharmaceuticals, to stimulate large companies' participation and to create technology-based venture companies in the biopharma business of Korea.

The Effects of Product Innovation, Process Innovation and Government Policy on SMEs Performance: Evidence from Indonesia

  • ISMANU, Sidik;KUSMINTARTI, Anik;RIWAJANTI, Nur Indah
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.12
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    • pp.305-311
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    • 2021
  • The purpose of this study is to examine and analyze product innovation and process innovation as an indicator of innovation that affects the performance of small and medium enterprises (SMEs). Government policy as a moderator of the effect of innovation on performance. This research was conducted during the COVID-19 pandemic. The population in this study are SMEs that produce clothes and t-shirts in Indonesia. Data collection is done through questionnaires and direct interviews. Online questionnaires were given to the managers and business owners. The sampling technique used is purposive sampling based on certain conditions of the research object, and in this study 100 business units were selected. The result of loading factor correlation between indicator and latent construct is significant. Hypothesis which explored the linear relationship between the construct variables was tested. Structural Equation Modeling (SEM) was used. The results of this study indicate that there is a positive relationship between innovation and business performance, and government policies have an important role as a full moderator in this relationship. The study findings concluded that the government policies are an important instrument in supporting the development of SMEs by innovating product and process innovation.

The Evolutionary Process of Daedeok Science Town and International Comparison - In the Perspective of Innovation Cluster (대덕연구단지의 발전과정 및 국제비교: - 혁신클러스터 관점에서 -)

  • 임덕순;김왕동;유정화
    • Journal of Korea Technology Innovation Society
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    • v.7 no.2
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    • pp.373-395
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    • 2004
  • In year 2003, the Daedeok Science Town(DST) has celebrated its 30 years of anniversary and achievement in science and technology development. However, there is a criticism that DST has not played its expected role in Korea's National Innovation System. Recognizing this criticism, the development of DST was evaluated in the perspective of innovation cluster. The research shows that DST has been following the downstream path of evolution - from S&T development to business development - and is in the early stage of R&D-driven Innovation Cluster. Not only the development factors of DST innovation cluster were identified but the DST was compared with other internationally recognized innovation clusters. Finally, it is suggested that the business related functions should receive due attention in innovation cluster policy.

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A Study on the Path-Creative Characteristics of AI Policy (인공지능정책의 경로창조적 특성에 관한 연구 : 신제도주의의 경로 변화 이론을 기반으로)

  • Jung, Sung Young;Koh, Soon Ju
    • Journal of Information Technology Services
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    • v.20 no.1
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    • pp.93-115
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    • 2021
  • Various policy declarations and institutional experiments involving artificial intelligence are being made in most countries. Depending on how the artificial intelligence policy changes, the role of the government, the scope of the policy, and the policy means used may vary, which can lead to the success or failure of the policy. This study proposed a perspective on AI(Artificial Intelligence) in policy research, investigated the theory of path change, and derived the characteristics of path change in AI policy. Since AI policy is related to a wide range of policy areas and the policy making is at the start points, this study is based on the neo-institutional path theory about the types of institutional changes. As a result of this study, AI policy showed the characteristics of path creation, and in detail presented the conflict relationship between institutional design elements, the scalability of policy areas, policy stratification and policy mix, the top policy characteristics transcending the law, and the experiment for regulatory innovation. Since AI can also be used as a key tool for policy innovation in the future, research on the path and characteristics of AI policy will provide a new direction and approach to government policy or institutional innovation seeking digital transformation.

A Study on the Implementation Method for the Achievement of the Korea High-Performance Computing Innovation Strategy

  • Choi, Youn Keun;Koh, Myoungju;Jung, Youg Hwan;Hur, YoungJu;Lee, Yeonjae;On, Noori;Hahm, Jaegyoon
    • Journal of Information Science Theory and Practice
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    • v.10 no.spc
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    • pp.76-85
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    • 2022
  • At the 8th National High-Performance Computing (HPC) Committee convened in 2021, the "National High-Performance Computing Innovation Strategy (draft) for the 4th Industrial Revolution Era" was deliberated and the original draft was approved. In this proposal, the Ministry of Science and ICT in KOREA announced three major plans and nine detailed projects with the vision of "Realizing the 4th industrial revolution quantum jumping by leaping into a high-performance computing powerhouse." Thereby the most important policy about national mid-term and long-term HPC development was established and called the HPC innovation strategy (hereinafter "the innovation strategy"). The three plans of the innovation strategy proposed by the government are: Strategic HPC infrastructure expansion; Secure source technologies; and Activate innovative HPC utilization. Each of the detailed projects has to be executed nationally and strategically. In this paper, we propose a strategy for the implementation of two items ("Strategic HPC infrastructure expansion" and "activate innovative HPC utilization") among these detailed plans.

기술확산과 혁신 유인 - 기술 정책에 관한 통합적 접근 -

  • 한윤환;유평일;이상식
    • Journal of Technology Innovation
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    • v.9 no.1
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    • pp.77-93
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    • 2001
  • In this paper, we propose a novel framework for technology policy aimed both for the generation and diffusion of new technologies. Based upon critical examination of related theories and practice of technology policy, we identify two major problems in current technology generation policy, and the segregated approach to technology diffusion policy from technology generation policy. To remedy these problems, we argue that two goals of technology policy of generation and diffusion should be integrated and synchronized via unified policy framework, and propose the conceptual configuration for policy implementation which can serve the desired objective.

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A Study on How to Vitalize Technical Innovation of the Small and Medium Firms Utilizing Regional Innovation System (지역혁신기관을 활용한 중소기업 기술혁신 활성화 방안에 관한 연구)

  • Jeon, Gi-Sang;No, Gyu-Seong;Lee, Seung-Hui
    • 한국디지털정책학회:학술대회논문집
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    • 2006.12a
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    • pp.19-41
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    • 2006
  • The purpose of this paper is to suggest field-oriented policy of regional innovation support system. To accomplish this purpose, we examined the status quo of technical support ,performance satisfaction of consumers and practical issues. The key factors influencing core technical innovation of small and medium firms are development fund, R&D employees, experimental instrument, technical information, protection of intellectual property, subcontracting and so on. To make sure of practical effect, therefore, it would rather necessary to implement policy support linking government and supporting means on the ground of needs of small and medium firms than specific method such as funding.

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