Structural stability of the research & development sector in European economies despite the economic crisis

Jutta Günther (), Maria Kristalova and Udo Ludwig
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Jutta Günther: University of Bremen
Maria Kristalova: University of Bremen
Udo Ludwig: University of Leipzig

Journal of Evolutionary Economics, 2019, vol. 29, issue 5, No 4, 1415-1432

Abstract: Abstract When an external shock such as the economic crisis in 2008/2009 occurs, the interconnectedness of sectors can be affected. This paper investigates whether the R&D sector experienced changes in its sectoral integration through the recession. Based on an input-output analysis, it can be shown that the linkages of the R&D sector with other sectors remain stable. In some countries, the inter-sectoral integration becomes even stronger. Policy makers can be encouraged to use public R&D spending as a means of fiscal policy against an economic crisis.

Keywords: Economic crisis; Research and development; Input-output analysis; C67; H12; O30; O38 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s00191-019-00640-z

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