• Title, Summary, Keyword: Energy Technology Development R&D Budgets per thousand units of GDP

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An Energy Technology R&D Investment Analysis of OECD Countries and Korea (한국과 OECD 국가의 에너지기술 R&D 투자규모 비교)

  • Min, Yun-Ji
    • International Commerce and Information Review
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    • v.16 no.4
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    • pp.363-384
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    • 2014
  • The adequate measurement of government expenditure efficiency for Energy Technology Development is a difficult empirical issue and the literature on it, particularly when it comes to aggregate and international data. Contribution in this study is threefold: first this study analyze the adequate measurement of government expenditure efficiency on Energy Technology sector of 24 OECD countries and korea. Second this study reconstruct efficiency composite indicators, named "Energy Technology Development Interest level indicator". Third this study assesses the efficiency of government expenditure for Energy Technology Development. The results can be summarized as follow: Korea's government expenditure efficiency for Energy Technology Development is highly ranked among 25 OECD countries based on Energy Technology Development R&D Budgets and Energy Technology Development R&D Budgets per thousand units of GDP indicators. However, Korea's ranking has fallen to 20th. The assessment suggests that government will be have to provide more government expenditure to enhance the efficiency on Energy.

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