Inter-Industry Strategic R&D and Supplier-Demander Relationships

Andrew C. Chang
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Andrew C. Chang: University of California, Irvine

The Review of Economics and Statistics, 2013, vol. 95, issue 2, 491-499

Abstract: This paper investigates if the R&D of an industry changes due to the R&D of an industry's suppliers and/or demanders. Using an annual industry-level panel of manufacturing R&D in the United States, I find that regressing the R&D of an industry on the lagged values of another industry's R&D suggests R&D comovement between industries with a strong supplier-demander relationship. Variance decompositions indicate that the R&D of an industry has high forecasting power over the R&D variance of another industry if the two industries share a strong supplier-demander relationship. © 2013 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.

Keywords: inter-industry comovement; input-output tables; inter-industry linkages; research and development; R&D (search for similar items in EconPapers)
JEL-codes: D57 E22 L19 L29 L60 O31 (search for similar items in EconPapers)
Date: 2013
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