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

Author

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  • Juhyun Oh

    (The Institute of Information, Knowledge & Policy, Graduate School of Public Administration, Seoul National University, Seoul 08826, Korea)

  • Dong Hee Suh

    (Department of Food and Resource Economics, Korea University, 145 Anam-ro, Seongbuk-gu, Seoul 02841, Korea)

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.

Suggested Citation

  • Juhyun Oh & Dong Hee Suh, 2019. "The Industrial Linkages and Supply Effects of the U.S. R&D Sector: Comparison with OECD Countries," Social Sciences, MDPI, vol. 8(3), pages 1-10, March.
    • Handle: RePEc:gam:jscscx:v:8:y:2019:i:3:p:89-:d:212650
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    References listed on IDEAS

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