An Empirical Study on the Technology Convergence

Technology 수렴가능성에 대한 실증적 고찰

The objective of this study is to examine the existence of technology gap convergence between manufacturing sector and Grand Total over 1970 to 2000 under nonlinearity relationship in Korea. We use the concept of technology convergence as the stationarity test of technology gap over the relevant periods. Our empirical results provide two important implications for the future study: First, our empirical results strongly support the nonlinearity for technology convergence in our country and an empirical tests based on the assumption of linearity will be biased and wrong industry and economic policy implications. Second, we find two regimes i.e. technology convergence and technology divergence between manufacture sector and Grand Total in our country over 1970 to 2000. These study results imply that the relevant industry and economic policies for technology and R&D implementations be with a causation.