Time Series Analysis of Outcomes for Small and Medium Enterprises’ Support of Regional Industry

  • Dong-Gu Lee Korea Institute of Industrial Technology, Busan, Korea
  • Je-Doo Ryu Korea Institute of Industrial Technology, Busan, Korea
  • Keon-Seok Nam Korea Institute of Industrial Technology, Busan, Korea
  • Kyoung-Nam Ha Korea Institute of Industrial Technology, Busan, Korea
Keywords: Time series analysis, Regional industry, Support SMEs, SPSS statistics

Abstract

Continued investment in Research and Development (R&D) by the government and corporate support played a major role in the rapid growth of the Republic of Korea. In 2017, the amount of R&D investment by the government accounted for 19.7 trillion Won (KRW), which is 4.7 % of the government’s budget. The government’s R&D budget is increasing by 2.5 % each year. We analyzed the outcomes of the projects, supported by the Busan regional companies conducted in 2016 to 2017. For a time series analysis, we gathered companies support amount by year, sales after company support, and material for employment. We used IBM’s Statistical Package for the Social Sciences (SPSS) 18 for correlation analysis. We confirmed the relationship between employment and the sales of the annual company support program.

References

S. S. Lee and Y. E. Kim, “Efficiency analysis of enterprise support project for nurturing specialized industries in

Jeonnam area,” 2016 Korean Institute of Industrial Engineers, Symposium, 2016, pp. 34-40. (In Korean)

G. H. Kim and Y. H. Won, “An analysis of performance influence factors of enterprise support based upon the local industrial development policy: focused on the industry types of region-specialized industries,” Korean Association for Policy Science, 2015. (In Korean)

Y. S. Kang, S, M, Sohn, S. J. Im, and B, Y, Cho, “A study with DEA analysis on the efficiency of the government support for small and medium enterprises,” Korea Academic Society of Business Administration, 2014, pp. 1891-1907. (In Korean)

Published
2019-04-01
How to Cite
Lee, D.-G., Ryu, J.-D., Nam, K.-S., & Ha, K.-N. (2019). Time Series Analysis of Outcomes for Small and Medium Enterprises’ Support of Regional Industry. Proceedings of Engineering and Technology Innovation, 12, 35-38. Retrieved from http://ojs.imeti.org/index.php/PETI/article/view/2905
Section
Articles