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  • 标题:Sustaining High Growth Through Innovation
  • 本地全文:下载
  • 作者:Yongchun Baek ; Randall S. Jones
  • 期刊名称:Economics Department Working Papers / OECD
  • 印刷版ISSN:0259-4633
  • 出版年度:2005
  • 卷号:2005
  • DOI:10.1787/507484436664
  • 出版社:Organisation for Economic Co-operation and Development (OECD)
  • 摘要:With inputs of labour and capital slowing, sustaining high growth rates in Korea will increasingly depend on total factor productivity gains, which are in turn driven to a large extent by innovation. While a number of Korean firms are at the world technology frontier in areas such as ICT, the diffusion of technology to lagging sectors is a priority to sustain growth. This paper recommends policies to improve the science and technology system by upgrading the R&D framework, in part through closer linkages between firms, universities and the government, and enhanced intellectual property right protection. Strengthened competition, particularly in the service sector, is needed to promote the diffusion of new technologies. Innovation also requires policies to ensure the supply of high-quality human capital through reforms of tertiary education. This requires a restructuring of the university system through increased competition and deregulation, as well as additional financial resources to improve quality. This Working Paper relates to the 2005 OECD Economic Survey of Korea (www.oecd.org/eco/surveys/korea).
  • 关键词:innovation; entry barriers; venture business; technological change; research and development; Korea; product market competition; regulatory reforms; services; tertiary education; science and technology; patents; ICT; intellectual property rights
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