دانلود رایگان مقاله توسعه بین المللی سازی صنعت مراقبت بهداشتی کره ای

abstract

Using panel data, this study investigates how Patent and R&D expenditures affect internationalization in Korean healthcare industry. Korean healthcare industry is designated as one of the core bread and butter industries. Tremendous government investments in Korean healthcare industry are expected to increase Patent and R&D expenditures, causing internationalization for Korean healthcare industry. In material way, this study focuses on testing spillover effects between Patent and R&D expenditures on internationalization. Empirical analysis is done by the panel GLS estimation using 47 Korean healthcare firms' 7 years' panel data. As empirical results, we find internationalization of Korea healthcare industry is positively affected by Patent and R&D expenditures but their impacts are limited. In addition, we find there is a non-linear relation between Patent and R&D expenditures on internationalization measured by exports so that spillover effects are significantly confirmed. We propose several suggestions that government lead R&D policy does not effectively increase internationalization, and spillover effects of Patent and R&D expenditures differently affect internationalization following internationalization phase. Practically, government lead R&D investments should be disseminated to private sector to vitalize internationalization of Korean healthcare industry

6. Conclusion

The healthcare industry is considered as an industry of great Patent information and R&D expenditures for the development of internationalization. Coinciding with this, sustainable Patent information and R&D expenditures should be undertaken to improve internationalization of Korean healthcare industry. We find the evidence that Patent and R&D expenditure positively affect internationalization of Korean healthcare industry, but their positive impacts on internationalization is limited. Thus, government-driven Patent and R&D policy does not effectively increase internationalization of Korean healthcare industry.