[go: up one dir, main page]

IDEAS home Printed from https://ideas.repec.org/p/ekd/006356/7045.html
   My bibliography  Save this paper

Economic growth and Income distribution: The case of Korean R&D Investment

Author

Listed:
  • Sungmoon Jung
  • Yeo Yeongjun
  • Jeong-Dong Lee
Abstract
In the article, we analyze that how the innovative activity affects to income redistribution, which have been considered for prolonged period. The effect of spending on R&D usually affects to higher income level; however, the lower income group also becomes easier to approach to high-tech devices since the internet have developed. Both of groups could earn same information in the same time in spite of different income level. According to the fact, we examine how the R&D investment impact to the each income group. We employ the dynamic Computational General Equilibrium (CGE) model in order to measure the aggregate effect, reflecting the channels of the positive and negative effects and considering the reactions of individual industries and economic agents that it follows in change of public and private R&D expenditure. The result reveals that the R&D spending affect positively to economic growth, but it brings about negative effect on income distribution. In addition, we find a skill-biased technological change in South Korea.

Suggested Citation

  • Sungmoon Jung & Yeo Yeongjun & Jeong-Dong Lee, 2014. "Economic growth and Income distribution: The case of Korean R&D Investment," EcoMod2014 7045, EcoMod.
  • Handle: RePEc:ekd:006356:7045
    as

    Download full text from publisher

    File URL: http://ecomod.net/system/files/The%20impact%20of%20Innovation%20on%20growth%2C%20employment%2C%20and%20distribution%20in%20South%20Korea.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    South Korea; General equilibrium modeling (CGE); Growth;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekd:006356:7045. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Theresa Leary (email available below). General contact details of provider: https://edirc.repec.org/data/ecomoea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.