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

Mardi Dungey and Vladimir Volkov

Economics Letters, 2018, vol. 162, issue C, 81-85

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.

Keywords: Networks; Input–output tables; Sectors; Research and development (search for similar items in EconPapers)
JEL-codes: C23 C67 D57 O30 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:162:y:2018:i:c:p:81-85

DOI: 10.1016/j.econlet.2017.11.007

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