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

Citation

Dungey, M and Volkov, V, R&D and wholesale trade are critical to the economy: Identifying dominant sectors from economic networks, Economics Letters, 162 pp. 81-85. ISSN 0165-1765 (2018) [Refereed Article]


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DOI: doi:10.1016/j.econlet.2017.11.007

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 Details

Item Type:Refereed Article
Keywords:networks, input-output tables, sectors, research and development
Research Division:Economics
Research Group:Applied Economics
Research Field:Macroeconomics (incl. Monetary and Fiscal Theory)
Objective Division:Economic Framework
Objective Group:Macroeconomics
Objective Field:Economic Growth
Author:Dungey, M (Professor Mardi Dungey)
Author:Volkov, V (Mr Vladimir Volkov)
ID Code:122453
Year Published:2018
Funding Support:Australian Research Council (DP150101716)
Deposited By:Economics and Finance
Deposited On:2017-11-15
Last Modified:2017-11-21
Downloads:0

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