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R&D Spillovers and Total Factor Productivity in South Korea with ARDL Approach

Author

Listed:
  • Saifuzzaman Ibrahim
  • Hazirah Mohd Sidek
  • W.N.W. Azman-Saini
  • Mazlina Abdul Rahman

Abstract

This study aims to examine the impact of R&D spillovers on the South Korean total factor productivity (TFP) using the Autoregressive Distributed Lag (ARDL) estimation technique. Using data from the period 1985-2005, the results show that the domestic research and development (R&D) expenditure and foreign direct investment (FDI) have positive im- pact on the productivity growth in South Korea, in the long run. However, in the short run, the domestic R&D and the imports of goods and services have significant positive impact on the country’s TFP.

Suggested Citation

  • Saifuzzaman Ibrahim & Hazirah Mohd Sidek & W.N.W. Azman-Saini & Mazlina Abdul Rahman, 2014. "R&D Spillovers and Total Factor Productivity in South Korea with ARDL Approach," Journal Transition Studies Review, Transition Academia Press, vol. 21(1), pages 33-42.
    • Handle: RePEc:ase:jtsrta:v:21:y:2014:i:1:p:33-42:id:37
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