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R&D and wholesale trade are critical to the economy: Identifying dominant sectors from economic networks

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Dungey, M and Volkov, V 2017 , R&D and wholesale trade are critical to the economy: Identifying dominant sectors from economic networks.

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Abstract

Using a network approach we empirically identify the most critical sectors for 49 different economies. Wholesale trade is dominant for over half the countries, but increasingly R&D activities are taking on an equivalent importance. Recognizing R&D as a critical sector as countries develop urges caution against disinvesting in this sector.

Item Type: Report (Discussion Paper)
Authors/Creators:Dungey, M and Volkov, V
Keywords: Networks, input-output tables, sectors, research and development
Publisher: University of Tasmania
Copyright Information:

Copyright 2017 University of Tasmania

Additional Information:

JEL Classification numbers: C32, C51, C52, G10

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