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| On the Influencing Factors of Industry Correlation Based on the Technology Perspective |
| Shi Yuanyuan, Huang Lucheng |
| School of Economic and management,Beijing University of Technology,Beijing 100124,China |
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Abstract With the rapid development of technology,industry correlation using technology as the link shows high complexity.The influencing factors of industry correlation are complicated and gradually becoming a hot academic research field.But existing researches lack the systematic analysis of the influencing factors of industry correlation from the perspectives of technology.It took the 3D printing related industries as an example,used patent citation data to compute industry correlation strength,and built the VAR model that included the factors of industry correlation strength,R&D investment,R&D organization,R&D stuff and market capacity.It conducted Granger causality test,impulse response,and variance decomposition analysis to the model.The empirical results showed that the volatility of the industry correlation was influenced by itself and other four factors.This effect was of certain continuity,but the influences of different factors on the industrial correlation degree had a great difference
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Received: 17 October 2016
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2017, Vol. 5 
