Title: Balancing industry outlooks and technology policy as response

Authors: Junmo Kim

Addresses: Department of Public Administration, Konkuk University, Gwang-Jin-Gu, Hwa-Yang Dong 1, Seoul, 143-701, Korea

Abstract: Technology policy has been blamed for its supply side orientation. In other words, there have always been possibilities that technology policy could be abused to justify new R&D investments in many countries. This does not mean that emphasising the demand side would always bring guaranteed success, which suggests that there should be a fine balance between demand and supply side issues in discussing |correct| technology policy. With this backdrop, this research, utilising the Korean industry data, tried to perform forecasting of technology change for selected sectors to discuss implications for technology policy, preceded by a literature review on the merits and demerits of demand and supply side policies.

Keywords: demand side; exponential smoothing; forecasting; supply side; technology policy; Korea; technological change; R&D investment; research and development.

DOI: 10.1504/IJTM.2010.029410

International Journal of Technology Management, 2010 Vol.49 No.1/2/3, pp.49 - 65

Published online: 30 Nov 2009 *

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