지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2013.4
- 수록면
- 173 - 206 (34page)
이용수
초록· 키워드
오류제보하기
In this paper we examine the effects of R&D investments on economic inequality in Korea using a dynamic Computable General Equilibrium model. In the model, we classify the household sector into 10 income groups and the production sector into 28 industries. The policy simulation is designed to investigate the effect of R&D investments in 28 industries on income distribution during 2008-2030 period based on the assumption that the R&D investments follow the recent trend.
The policy simulation uncovered the following findings: Firstly, R&D investments aggravate income distribution while they significantly improve most major economic variables such as GDP, investments, and consumption in a period from 2008-2030. Thus, there exists a trade-off between efficiency and equity aspects of R&D. We try to explain the reason why R&D investments aggravate income distribution and find it results from the relative distribution of capital income distribution to labor income distribution. Secondly, we examine the welfare effect of R&D investments based on the equivalent variation. As expected, R&D investments increased the welfare of upper-income households relative to lower-income ones. We find that those in the upper-income class bracket consume more R&D intensive goods than those classified as lower income, and furthermore, the prices of R&D intensive goods will probably decrease more due to R&D investments.
The policy simulation uncovered the following findings: Firstly, R&D investments aggravate income distribution while they significantly improve most major economic variables such as GDP, investments, and consumption in a period from 2008-2030. Thus, there exists a trade-off between efficiency and equity aspects of R&D. We try to explain the reason why R&D investments aggravate income distribution and find it results from the relative distribution of capital income distribution to labor income distribution. Secondly, we examine the welfare effect of R&D investments based on the equivalent variation. As expected, R&D investments increased the welfare of upper-income households relative to lower-income ones. We find that those in the upper-income class bracket consume more R&D intensive goods than those classified as lower income, and furthermore, the prices of R&D intensive goods will probably decrease more due to R&D investments.
목차
1. INTRODUCTION
2. DYNAMIC CGE MODEL
3. THE CHANNELS OF THE EFFECTS OF R&D INVESTMENTS ON ECONOMY
4. THE EFFECT OF R&D INVESTMENTS: POLICY SIMULATION
5. CONCLUSION
REFERENCES
참고문헌 (24)
참고문헌 신청
1. [학술지(정기간행물)] - Aghion, P. / 2002 / Schumpeterian Growth Theory and the Dynamics of Income Inequality / Econometrica 70 (3) : 855 ~ 882
2. [단행본] - Auerbach, Alan J. / 1987 / Dynamic Fiscal Policy / Cambridge University Press
3. [단행본] - Ballard, C. D. / 1985 / A General Equilibrium Model for Tax Policy Evaluation / University of Chicago Press for National Bureau of Economic Research
4. [학술지(정기간행물)] - Berman, E. / 1994 / Changes in Demand for Skilled Labor within US Manufacturing: Evidence from the Annual Survey of Manufactures / Quarterly Journal of Economics 109 (2) : 367 ~ 397
5. [학술지(정기간행물)] - Bernstein, P. M. / 1999 / Global Impacts of the Kyoto Agreement: Results from MS-MRT Model / Resource and Energy Economics 21 : 375 ~ 413
2. [단행본] - Auerbach, Alan J. / 1987 / Dynamic Fiscal Policy / Cambridge University Press
3. [단행본] - Ballard, C. D. / 1985 / A General Equilibrium Model for Tax Policy Evaluation / University of Chicago Press for National Bureau of Economic Research
4. [학술지(정기간행물)] - Berman, E. / 1994 / Changes in Demand for Skilled Labor within US Manufacturing: Evidence from the Annual Survey of Manufactures / Quarterly Journal of Economics 109 (2) : 367 ~ 397
5. [학술지(정기간행물)] - Bernstein, P. M. / 1999 / Global Impacts of the Kyoto Agreement: Results from MS-MRT Model / Resource and Energy Economics 21 : 375 ~ 413
이 논문의 저자 정보
최근 본 자료
댓글(0)
0
UCI(KEPA) : I410-ECN-0101-2014-300-003565566