The Industrial Linkages and Supply Effects of the U.S. R&D Sector: Comparison with OECD Countries
Juhyun Oh 1 and Dong Hee Suh 2,*
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.
Soc. Sci. 2019, 8(3), 89; https://doi.org/10.3390/socsci8030089
Received: 16 February 2019 / Revised: 6 March 2019 / Accepted: 7 March 2019 / Published: 11 March 2019
(This article belongs to the Section Social Economics)
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-TextKeywords:
R&D; input-output model; backward and forward linkage; supply investment effect; supply shortage effect
▼
Figures
Figure 1
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
Share & Cite This Article
MDPI and ACS Style
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.
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.
Related Articles
Article Metrics
Comments
[Return to top]
Soc. Sci.
EISSN 2076-0760
Published by MDPI AG, Basel, Switzerland
RSS
E-Mail Table of Contents Alert