Vertical Industry Linkages Fuel Productivity Gains, Spur Cumulative Economic Growth
The study looks at how different industries working together can boost productivity. They checked if industries growing together or having strong sales connections help each other. They focused on the maritime transport and services sectors in Norway. Results show that certain types of industry partnerships can make areas where industries cluster together even more successful. The researchers found that a big local market helps industries that supply materials to other industries. This means when industries support each other, they can help each other grow even more.