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Analysis of the Effects of Government R&D Subsidies Depending on SME Technology Level and R&D Investment Capability
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중소기업의 기술수준과 R&D 투자역량에 따른 정부 보조금 지원효과 분석

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Type
Academic journal
Author
Journal
경성대학교 산업개발연구소 산업혁신연구 산업혁신연구 제33권 제1호 KCI Accredited Journals
Published
2017.1
Pages
65 - 85 (21page)

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Analysis of the Effects of Government R&D Subsidies Depending on SME Technology Level and R&D Investment Capability
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Although the government's R&D budget has been steadily increasing, there is much debate about the policy effectiveness of promoting SME innovation activities. Therefore, analyzed how the government's R&D subsidy affects SME R&D investment. The results of this study show that the effect of promoting SME R&D investment was found both in the high-tech and the mid & low-tech industries. Also, in the case of high-tech industry, government R&D subsidy support was found to promote SME investment in all quantile irrespective of R&D investment level. However, in the middle & low tech industries, while the R&D investment was promoted in firms with investment level of less than 50%, the significant policy effects were not found with the top 70% companies that make lots of own R&D investment. This result suggests that policymakers should take into consideration the technology level of support targets and firm's R&D investment capacity in implementing the R&D support policy.

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