innovation activity are absent in this study. We find also the cumulative causation relationship between investment and growth …

the rate of return on R&D investment is 10.5% on average or 16.4% on median for the whole industry whereas manufacturing … ranges from the minimum 11.6% for metal industry and 49.5% for services. The median estimate of the rate of return for R …

for government policy aimed at promotion of positive innovation externalities within the Korean economy …

narrowed considerably in manufacturing while it has remained without substantial change in services. Therefore, it is crucial … central objective of this paper is to analyze empirically the determinants of labor productivity in manufacturing and services … innovation-based strategy is more efficient in manufacturing, given that it is closer to the technological frontier, while an …

contributions to total factor productivity growth for manufacturing, using the Korean plant-level manufacturing data for the period … progress of Korea's manufacturing sector maintains the annual average level of 13.7 percent from 1985 to 2003, slightly lower …