Seoul Journal of Economics 

About: Seoul Journal of Economics is an academic journal. The journal publishes majorly in the area(s): Total factor productivity & Monetary policy. It has an ISSN identifier of 1225-0279. Over the lifetime, 469 publications have been published receiving 2675 citations.

Why We Learn Nothing from Regressing Economic Growth on Policies

Abstract: Government use policy to achieve certain outcomes. Sometimes the desired ends are worthwhile, and sometimes they are pernicious. Cross-country regressions have been the tool of choice in assessing the effectiveness of policies and the empirical relevance of these two diametrically opposite views of government behavior. When government policy responds systematically to economic or political objectives, the standard growth regression in which economic growth (or any other performance indicator) is regressed on policy tells us nothing about the effectiveness of policy and whether government motives are good or bad.

The Existence of Pairwise Stable Networks

Abstract: We examine networks connecting individuals, where the payoff to an individual from an economic or social activity depends on the full network of connections among individuals. Individuals can form and sever links connecting themselves to other individuals based on the improvement that the resulting network offers them relative to the current network. As individuals do this, we obtain sequences of networks called `improving paths.’ We study conditions under which such sequences cycle, and conditions under which such sequences lead to a stable network. Specifically, we give conditions necessary and sufficient to rule out cycles, which are in turn sufficient conditions for existence of pairwise stable networks. Journal of Economic Literature Classification Numbers: A14, D20, J00. Humanities and Social Sciences 228-77, Caltech, Pasadena, CA 91125, USA (jacksonm@hss.caltech.edu) Department of Economics, Southern Illinois University, Carbondale, IL 62901, USA (wattsa@siu.edu) This paper was prepared for a lecture presented at the 9th SJE-KISDI International Symposium: Cost Allocation and Telecommunications, Seoul National University. We thank the participants for the helpful discussion and especially to Youngsub Chun for the invitation to participate.

University-Industry Collaboration in the Automotive, Biotechnology, and Electronics Firms in Malaysia

Abstract: This paper seeks to examine existing explanations of drivers of university-industry collaboration. The Probit regression results support prevailing theory on the importance of R&D intensity, partner diversity and access to wider channels of information matter for university-industry collaboration. However, categorizing size as a dichotomous dummy variable of SME and large firms showed an inverse relationship, while actual employment size was not statistically significant. Size was inversely correlated with universityindustry collaboration. Separate Probit estimations for the specific industries of automotive, biotechnology and electronics indicate the following as the important drivers. First, R&D intensity, importance of university as a source of knowledge and age were important in automotive firms. Second, R&D intensity, channels of R&D information and R&D partner diversity were important in biotechnology firms. Third, the channels of R&D information and R&D partner diversity were important in electronics firms. Size was statistically significant in automotive and electronics firms but the coefficients were negative when a dummy was used and not statistically significant when the actual employment was used. Closer examination showed higher university-industry collaboration means among medium size firms.

Lessons from the Global Financial Crisis of 2008

Abstract: This is a revised version of a lecture presented at Seoul National University on October 27, 2009. The author is indebted to Jill Blackford and Eamon Kircher-Allen for preparing the lecture for publication. The author is University Professor at Columbia University, Chair of the Management Board and Director of Graduate Summer Programs at the Brooks World Poverty Institute at Manchester University, and co-president of the Initiative for Policy Dialogue. This lecture is based on research supported in part by the Ford and Hewlett Foundations. A fuller articulation of many of these ideas (and references to the research on which they are based) is contained in Freefall: America, Free Markets, and the Sinking of the Global Economy, New York: WW Norton, 2009.

University and industry linkages in brazil: some preliminary and descriptive results

Abstract: The main aim of this paper is to exam the patterns of universityindustry linkages in Brazil. To do that, it is presented some preliminary and descriptive results from two main sources, the database from the Brazilian Research Council (CNPq), and some descriptive data from the Brazilian university survey. Even with these data was not enough to present and to discuss the pattern, it can show some interactions between university and firms in Brazil, especially the role played by the university in the creation and diffusion of knowledge among firms. The main results show that Brazilian university can play an important role among firms, not only by the rendering of services, which is a way to transfer codified knowledge, but also by the establishment of cooperative research, in which the knowledge involved are more tacit and requires close interaction between universities and firms.