INTER-INDUSTRY STRATEGIC R&D AND SUPPLIER-DEMANDER RELATIONSHIPS

• 成果类型: Article
• 署名作者: Chang, Andrew C.
• 署名单位: University of California System; University of California Irvine
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/REST_a_00273
• 发表日期: 2013-05
• 页码: 491-499
• 关键词: innovation; countries; subsidies; FIRMS; panel

摘要

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.