earticle

영어

Most existing empirical studies have been conducted based on the ad-hoc model to investigate the relationship between exports and R&D in the Korean electronics industry, whereas this study does estimation based on the theory-based structural model. By using the panel data which cover 26 OECD countries during the period from 2008 to 2015, this study investigates the impact of R&D on exports in Korean and Japanese electronics industries. I divide the electronics sector into two sub-sectors, which are ISIC Code Rev.4 26 and 27, and do the estimation of two sectors separately. Estimation results show that first, R&D investment has a positive relationship with exports only in the industry 26 of Korea, and second, Japanese relative production in both sectors is negatively related to its exports.