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

Dungey, M ORCID: 0000-0003-0074-2314 and Volkov, V ORCID: 0000-0001-9721-9700 2018 , 'R&D and wholesale trade are critical to the economy: Identifying dominant sectors from economic networks' , Economics Letters, vol. 162 , 81–85 , doi: 10.1016/j.econlet.2017.11.007.

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Abstract

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

Item Type: Article
Authors/Creators:Dungey, M and Volkov, V
Keywords: networks, input-output tables, sectors, research and development
Journal or Publication Title: Economics Letters
Publisher: Elsevier Science Sa
ISSN: 0165-1765
DOI / ID Number: 10.1016/j.econlet.2017.11.007
Copyright Information:

Copyright 2017 Elsevier

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