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South Korea2024ko

정부의 기업 R&D 지원 효과성 제고를 위한 정책 연계 방안

Summary

South Korea faces an ongoing debate about the effectiveness of its R&D budget, which is one of the largest globally as a percentage of GDP, particularly concerning direct support for private businesses. Research indicates that standalone R&D support shows low and insignificant effects on firm growth, highlighting a need for more strategic government R&D investment. This document proposes integrating direct R&D support with other forms of assistance, such as financial and indirect support, to create synergies and enhance the overall effectiveness of R&D funding in driving corporate growth. The analysis shows that while individual R&D support is not significantly effective, combining it with other support types yields positive synergistic outcomes, suggesting a policy shift towards linked support mechanisms.

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