Can Expensive Research Equipment Boost Research and Development Performances?

47 Pages Posted: 8 Feb 2021

See all articles by Kyoungmi Lee

Kyoungmi Lee

Korea Advanced Institute of Science and Technology (KAIST)

Sunglok Choi

affiliation not provided to SSRN

Jae-Suk Yang

Korea Advanced Institute of Science and Technology (KAIST)

Date Written: December 13, 2020

Abstract

Research equipment is as essential for researchers as transportation is for travelers. Thus, to ascertain the extent to which research equipment affects research performance, this study employed project and performance information to examine the relationships between the qualitative and quantitative performance of papers and patents and the presence and prices of research equipment for research and development (R&D) projects supported by the Korean government from 2011 to 2014 with the Heckman selection model. We discovered that (1) when the equipment was directly constructed using the R&D budgets of the project, it had a positive influence on the performance of both papers and patents. Further, (2) regarding the equipment price, there were negative impacts on papers and patents. At the individual R&D project level, it is necessary to understand the input and output processes to secure project accountability and improvements. We believe this study presents a new perspective on resource allocation of public R&D and promotes an increase in R&D project results using research equipment.

Suggested Citation

Lee, Kyoungmi and Choi, Sunglok and Yang, Jae-Suk, Can Expensive Research Equipment Boost Research and Development Performances? (December 13, 2020). Available at SSRN: https://ssrn.com/abstract=3748010 or http://dx.doi.org/10.2139/ssrn.3748010

Kyoungmi Lee

Korea Advanced Institute of Science and Technology (KAIST) ( email )

373-1 Kusong-dong
Yuson-gu
Taejon 305-701, 130-722
Korea, Republic of (South Korea)

Sunglok Choi

affiliation not provided to SSRN

Jae-Suk Yang (Contact Author)

Korea Advanced Institute of Science and Technology (KAIST) ( email )

291 Daehak-ro
Yuseong-gu
Daejeon, 34141
Korea, Republic of (South Korea)

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