Different government support effects on emerging and mature ICT sectors

Lee Jeongwon; Hwang Junseok; Kim Hana

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Different government support effects on emerging and mature ICT sectors

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In fast-paced technological change, government RD support has been enhanced in relation to new information and communications technology (ICT). The purpose of this paper is to investigate the different effects of government support on emerging and mature ICT sectors using the first difference autoregressive model. Technological opportunity is used to measure sector characteristics, which leads to an increase in government support effects in emerging ICT sector compared with the mature ICT sector. Additionally, government support has a more stimulating effect on private RD expenditure for young firms than for incumbent firms. Interestingly, when RD subsidies are divided into research and development, research subsidies for young firms are effective only in the emerging ICT sector, unlike the other ICT sectors. This study suggests that government should enhance RD support to young firms, especially in emerging ICT sector with high technological opportunity, as broadening the government RD support rationale and strategies study based on the industry evolution theory.

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来源
《Technological forecasting and social change》 |2022年第1期|121253.1-121253.14|共14页
作者
Lee Jeongwon; Hwang Junseok; Kim Hana;
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作者单位

Seoul Natl Univ, Econ & Policy Program Inst Engn Res, Technol Management, 1 Gwanak Ro, Seoul 08826, South Korea|Inst Informat & Commun Technol Planning & Evaluat, ICT Policy & Informat Div, 1548 Yuseong Daero, Daejeon 34054, South Korea;

Seoul Natl Univ, Econ & Policy Program Inst Engn Res, Technol Management, 1 Gwanak Ro, Seoul 08826, South Korea;

Korea Adv Inst Sci & Technol, Business & Technol Management, 291 Daehak Ro, Daejeon 34141, South Korea;

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收录信息美国《科学引文索引》(SCI);美国《工程索引》(EI);
原文格式 PDF
正文语种英语
中图分类
关键词
Government subsidies; Technological opportunity; Industry maturity; Firm age; ICT;

Different government support effects on emerging and mature ICT sectors

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