earticle

영어

Many important researches have been focused on identifying the root causes that make a significant difference in income, added value, productivity and so forth. However, this study aims to understand how innovative capabilities impact on the economy growth in a particular region among the regions in the perspective of technological innovation. Before analyzing the regional growth into the level of innovative capability, a data sheet has been prepared for the study which is made of the level of innovative capability, socio-economic data for 16 different local governments. It went through a data transforming process to offset the effect of regional size difference as well as to overcome the economy of scale by which it introduces a value per capita or a common logarithm for better estimation. The time table is set from 2006 to 2012 for a period of 7 years since the data for regional investment is available from 2006, and it also includes the Sejong-city into Chungcheongnam-province due to maintaining consistency in categorizing regions. Appraisal model uses GRDP(Gross Regional Domestic Product) as a dependent variable and various innovation factors as independent variables with industrial variables and socio-economic variables as control variables as well. After analyzing overall regions, a comparative study has been subsequently carried out to draw any substantial implication in the policy making. While Module I is used for the total of 16 metropolitan city or Do, Module II is applied to a separate set of city or Do in which each has 8 data. Module Ⅲ has followed the steps to compare the size effect of economy between two groups of 6 regions with high or low GRDP. In the perspective of technology innovation, it can be summarized as follows: The regional economic growth has a negative correlation against the government sponsored R&D investment whereas it has a positive correlation with total amount of R&D investment and the number of researchers or 4-year colleges in the region. It implies the government sponsored R&D has been invested to regions from the standpoint of regional balanced development. Conversely, the autonomous investment is active in the private sector among regions with high economic growth. There are important policy implications from the result of empirical study: Firstly, government innovation policy should be diversified to each region having different economic environment and growth stage. Secondly, GSR(Government Sponsored R&D) for service industry should be enlarged because the weight of service industry and national R&D investment have no relationship from the empirical result of the regional analysis. Thirdly, national innovation policy should be led and focused on the efficiency of science and technology policy. One can expect to virtuous circle like "improvement of innovative capability of the region → regional economic growth → expansion to adjacent region → national-wide economic growth" through differentiated Science & Technology innovation policies depending on the situation of a given region.