The machinery industry is a very difficult sector to develop in the short term. It is also not easy to drastically shorten the developmental period. Therefore, it is necessary for developing countries to thoroughly review Korea’s policy trends when designing machinery industry policies. This...

The World Economic Forum held in Davos, Switzerland in January this year raised a global issue by suggesting a new subject, “Mastering of the Fourth Industrial Revolution”. Compared to the previous subjects which were general economic issues such as low economic growth rate, interregional...

The Holt and Laury (2002) task is arguably the most widely employed method for eliciting individual risk attitudes in economics. However, although around 15% of standard experimental subjects fail to complete the task consistently, this fraction increases to an alarming 60-70% in the case of...

Being technology and knowledge-intensive and high valued, the engineering industry enhances the competitiveness and productivity of related industries. Moreover, recent economic circumstances continue to raise the significance of the engineering realm, not only along with the spread of...

This paper presents a comparative analysis of productivity growth in the U.S. and Japanese electrical machinery industries in the postwar period. This industry has experienced rapid growth in output and productivity and high rates of capital formation in both countries. A substantial amount of...