Empirical Analysis of Causal Relationship between R&D Investment, Intellectual Property and Regional Economic Growth in Korea

2020 ◽  
Vol 33 (3) ◽  
pp. 853-872
Author(s):  
Min-Chang Kim
Keyword(s):  
Economic Growth ◽  
Intellectual Property ◽  
Causal Relationship ◽  
Empirical Analysis ◽  
Regional Economic Growth ◽  
Regional Economic ◽  
D Investment

scholarly journals Empirical Analysis on Regional Economic Growth from the Perspectives of Entrepreneurship and Investment in Research and Development

2020 ◽  
Vol 15 (8) ◽  
pp. 1259-1265
Author(s):  
Hongmei Chen ◽  
Min Liang
Keyword(s):  
Economic Growth ◽  
Research And Development ◽  
Fixed Effects ◽  
Panel Data Analysis ◽  
Regional Economic Growth ◽  
Fixed Effects Model ◽  
Promoting Effect ◽  
Regional Economic ◽  
Entrepreneurial Spirit ◽  
D Investment

This paper mainly assesses the influence of entrepreneurship over regional economic growth (REG) and the investment in research and development (R&D), and puts forward countermeasures to promote the REG. The fixed effects model for panel data analysis was adopted to evaluate how entrepreneurship directly affects REG and indirectly affects REG via R&D investment. The results show that the entrepreneurial and innovative spirits of entrepreneurs promote economic growth; the promoting effect of entrepreneurial spirit is greater than that of innovative spirit; R&D investment mediates the influence of entrepreneurship over economic growth; the three major economic regions of China, namely, East, Central, and West China, have different laws in the influence of entrepreneurial spirit and innovative spirit on economic growth and R&D investment, owing to the variation in resources endowment and entrepreneurship allocation. The research results help policy-makers formulate regional economic development strategies in the light of entrepreneurship configuration and R&D investment.

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