한국생산성학회

With acceleration of global competition and expansion of the production network where capital and labor move freely, competitiveness at a regional level, rather than as a country, is becoming an immediate national challenge. In addition, with the spread of the innovation-driven economy around the world, creation and fusion of knowledge and new technology are being applied through rapid and flexible cooperation across industries at a regional level. Recognizing that regional competitiveness is the competitiveness of the country, South Korea Government has promoted the regional industry policy since the 1990s. In 2008, the government implemented the promotion program for regional strategic industry(Post 4+9), starting with the promotion policies of innovative regional industries in 1999. In 2009, the leading industries development project in the mega-regional economy was promoted for strengthening global competitiveness of the regions; the economic cooperation industry promotion business has been promoted that can set the region through autonomous consultation between the cities and provinces since 2015. In accordance with the direction of the government, regional policies have been changed in various ways, and the spatial range has also changed from the level of cities and provinces to the one of metropolitan scale, returning to the level of cities and provinces. Research and development have been of great importance as support measures have changed from infrastructure to software-driven. In particular, R&D can be the basis for the government intervention because the investment can reach below the social optimal level as R&D has the externality, thereby playing a role of reducing the probability of market failure. However, there have been various discussions on achievements of R&D support: there was a precedent research presenting that government R&D investment plays an important role in the management of productivity and innovation level of companies. Based on these discussions, this study aims to find out the performance of regional R&D projects of national R&D projects by investigating companies that have participated in regional R&D projects to find out whether their productivity, growth, and profitability improved. For the analysis, corporate financial information panel data(2002∼ 2016) for 15 years of 1,493 companies were used. In addition to the growth rate analysis, statistical significance was verified by comparing the means between the groups by indicator and year.