The industrial linkages and supply effects of the U.S. R & D sector: Comparison with OECD countries

Juhyun Oh, Dong Hee Suh

Research output: Contribution to journalArticle

Abstract

The industrial linkages and supply effects of the U.S. Research and Development (R & D) sector are examined using the input-output approach. Although the U.S. has the highest R & D intensity among major OECD countries, the U.S. R & D sector has relatively low backward and forward linkages to other industrial sectors. Moreover, the supply investment effect of the U.S. R & D sector is the least, showing that the sector is not likely to stimulate the production of the other sectors. The supply shortage effect of the U.S. R & D sector is also the least among the countries. The findings in this study imply that improving the linkages and supply effects of the R & D sector may be more important than increasing only the amount of R & D expenditure in the U.S.

Original languageEnglish
Article number89
JournalSocial Sciences
Volume8
Issue number3
DOIs
Publication statusPublished - 2019 Jan 1

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Keywords

  • Backward and forward linkage
  • Input-output model
  • R & D
  • Supply investment effect
  • Supply shortage effect

ASJC Scopus subject areas

  • Social Sciences(all)

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