We use US input-output data for the 1947-1977 period to analyse the relations among research and development (R&D), technical change, and intersectoral linkages. Our most novel finding is that among manufacturing industries, an industry's rate of technological progress is positively and significantly related to that of its supplying sectors. Another new finding is that among all sectors of the economy, a sector's R&D intensity and rate of technological progress positively affect its degree of linkage with other sectors. We also find significant spillovers from R&D embodied in new investment.
ASJC Scopus subject areas
- Economics and Econometrics