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The Contribution of R&D Investment to Productivity in the South Korean Service Sector

Author

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  • Kang, Minsung

    (Korea Institute for Industrial Economics and Trade)

Abstract

The CDM model, which is mainly utilized in analyses of manufacturing companies, has also been studied for service companies as interest in R&D and service industry innovation has increased. A case study of the CDM model based on the CIS or similar survey of the service industry can be found in Garcia-Pozo, A. et al (2018), De Fuentes, C. et al (2015) and Masso, J., Vahter, P. (2012). They found, using a CDM analysis of a CIS survey in Spain, Mexico and Estonia that investment in product innovation during innovation processes in service sector firms positively affects corporate productivity. But as of yet there are no empirical studies to analyze the performance of Korean service firms’ R&D through the CDM methodology. This work analyzes the performance of R&D at Korean firms through the CDM model.

Suggested Citation

  • Kang, Minsung, 2023. "The Contribution of R&D Investment to Productivity in the South Korean Service Sector," Industrial Economic Review 19-14, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kieter:2019_014
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    More about this item

    Keywords

    service industry; service R&D; innovation performance;
    All these keywords.

    JEL classification:

    • L80 - Industrial Organization - - Industry Studies: Services - - - General
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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