Government roles in evaluation and arrangement of R&D consortia

Ji hyun Kim, Sung Joo Bae, Jae Suk Yang

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

The role of government in forming and coordinating R&D consortia has often been cited in studies of the economic success of latecomer countries such as Korea and Japan. Most previous studies documented the government's efforts to provide funding. In our research about the government's role in determining the quality of innovation, we develop a computational model based on genetic algorithms. The two main aspects of government involvement explored in this study are 1) the timing of evaluation of participating firms in a consortium, and 2) the form that these consortia take. In terms of the timing of evaluation, we find that continuous evaluation is consistently superior to early evaluation. In addition, the effect of the form of the consortium depends on the timing of evaluation. An inverse pyramid arrangement, which emphasizes variation at the beginning of the innovation process, outperforms a pyramid-form arrangement only when evaluation is continuous. We identify the tension and reconciliation between diversity and selection as the force underlying the results of this study. We discuss these findings and their implications for how governments should balance diversity and selection when designing innovation systems.

Original languageEnglish
Pages (from-to)202-215
Number of pages14
JournalTechnological Forecasting and Social Change
Volume88
DOIs
Publication statusPublished - 2014 Jan 1

    Fingerprint

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Applied Psychology
  • Management of Technology and Innovation

Cite this