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Further analysis from OECD has indicated that using research intensity as an industry classification indicator is also possible. The OECD does not only take the manufacturing but also the usage rate of technology into account. The OECD's classification is following (stable since 1973): Industry name Total R&D-intensity (1999, in %) ISIC Rev. 3 Biotechnology and Pharmaceuticals 10.46 2423 Aircraft & spacecraft 10.29 353 Medical, precision & optical instruments 9.69 33 Radio, television & communication equipment 7.48 32 Office, accounting & computing machinery 7.21 30 Electrical machinery & apparatus 3.60 31 Motor vehicles, trailers & semi-trailers 3.51 34 Railroad & transport equipment 3.11 352+359 Chemical & chemical products 2.85 24 (excl. 2423) Machinery & equipment 2.20 29 Furthermore, OECD’s product-based classification supports the technology intensity approach. It can be concluded, that companies in a high-technology industry do not necessary produce high-technology products and vice versa. This creates a problem of aggregation. |
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