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KMID : 1124020180340040229
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Korean Social Security Studies
2018 Volume.34 No. 4 p.229 ~ p.258
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An explanatory study of the effect of welfare state on the innovation
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Choi Young-Jun
Koo Jun
Yun Sung-Ryul
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Abstract
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Policy-makers have been paying full attention to innovation, which has been a buzzing word in the modern knowledge-based economy. In the rapidly ageing Korean society, innovation and entrepreneurship are expected to deliver economic and productivity growth. In the context, this research aims to explore the relationship between the welfare state and innovation. Much has been written about the relationship between the welfare state and economic growth, but few studies have investigated the causality between innovation and the welfare state. First, this study extensively reviews the literature on innovation, creativity, happiness, and entrepreneurship, and explore the research question. Second, using some cross-national data on innovation and social policy, it analyses the causality between the welfare state and innovation. We argue that the welfare state is not simply subordinate to innovation and productivity growth, but the universal welfare state with a high level of decommodification could consolidate the foundation for enhancing individuals’ creativity and innovation.
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KEYWORD
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Welfare state, Social policy, Innovation, Creativity, Entrepreneurship
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