The Review of Economics and Statistics Vol. 95 No. 2 2013
Inter-Industry Strategic R&D and Supplier-Demander Relationships
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.
- DOI
- 10.1162/rest_a_00273
- Volume
- 95
- Issue
- 2
- Pages
- 491-499
- Language
- en
- Sources
- openalex crossref