Chang, Andrew C. - In: The Review of Economics and Statistics 95 (2013) 2, pp. 491-499
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...