Title

R&D sector as a vehicle for development: an application of an R&D-based model on South Korea

Author

Rabab Ismail

Abstract

This thesis attempts to determine whether and to what extent research and development (R&D) has played a significant role in the growth process of South Korea during the period from 1970 to 2004. Empirical investigation has been carried out to evaluate the contribution of R&D, and look for the best model specification explaining South Korea's growth over the same period. Based on our empirical results, evidence showed that human capital was the true vehicle of the Korean growth, rather than its R&D efforts or stock of capital. However, significance has been detected for R&D, represented in the cumulative number of scientists and engineers, over the sub-period from 1980 to 2004, but we could not detect a significant role of R&D towards economic growth in Korea, over the sample period as a whole. In addition, it seems from our theoretical analysis that the government's growth policies in reforming industry, education and institutions, and its dedication to the attainment of its targets substantially contributed to Korea's distinguished record of growth on its path to development.

Department

Economics Department

Degree Name

MA in Economics

Date of Award

6-1-2006

Online Submission Date

2-13-2013

First Advisor

Abdel Fadil, Mahmoud

Committee Member 1

Abdel Fadil, Mahmoud

Committee Member 2

Rizk, Nagla

Document Type

Thesis

Extent

159 p.

Rights

The author retains all rights with regard to copyright. The author certifies that written permission from the owner(s) of third-party copyrighted matter included in the thesis, dissertation, paper, or record of study has been obtained. The author further certifies that IRB approval has been obtained for this thesis, or that IRB approval is not necessary for this thesis. Insofar as this thesis, dissertation, paper, or record of study is an educational record as defined in the Family Educational Rights and Privacy Act (FERPA) (20 USC 1232g), the author has granted consent to disclosure of it to anyone who requests a copy. The author has granted the American University in Cairo or its agents a non-exclusive license to archive this thesis, dissertation, paper, or record of study, and to make it accessible, in whole or in part, in all forms of media, now or hereafter known.

IRB

Not necessary for this item

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