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Soc. Sci. 2019, 8(3), 89; https://doi.org/10.3390/socsci8030089

The Industrial Linkages and Supply Effects of the U.S. R&D Sector: Comparison with OECD Countries

1
The Institute of Information, Knowledge & Policy, Graduate School of Public Administration, Seoul National University, Seoul 08826, Korea
2
Department of Food and Resource Economics, Korea University, 145 Anam-ro, Seongbuk-gu, Seoul 02841, Korea
*
Author to whom correspondence should be addressed.
Received: 16 February 2019 / Revised: 6 March 2019 / Accepted: 7 March 2019 / Published: 11 March 2019
(This article belongs to the Section Social Economics)
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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. View Full-Text
Keywords: R&D; input-output model; backward and forward linkage; supply investment effect; supply shortage effect R&D; input-output model; backward and forward linkage; supply investment effect; supply shortage effect
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Oh, J.; Suh, D.H. The Industrial Linkages and Supply Effects of the U.S. R&D Sector: Comparison with OECD Countries. Soc. Sci. 2019, 8, 89.

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