AN INTERNATIONAL COMPARATIVE-STUDY OF BASIC SCIENTIFIC-RESEARCH CAPACITY - OECD COUNTRIES, TAIWAN AND KOREA

This article presents an econometric model relating to the technologic al develop ment problem of a technologically less developed country, b y which its basic scientific research capacity (BSRC) and the gap in t erms of time lag can be measured and forecasted in connection with fac tor analysis and the estimated BSRC progress function. Based on the an alysis, the coauthors recommend some technology policies designed to p romote total factor productivity as well as the international competit iveness of Korea. There is an emphasis on the importance of research a ctivities of universities in basic science, which yield a synergy effe ct with domestic innovation in the dynamic process of assimilation, ab sorption, improvement, and indigenization of the technologies imported from technologically advanced countries, especially in the era of ''t echnological war.''