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

Mardi Dungey and Vladimir Volkov ()
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Vladimir Volkov: Tasmanian School of Business & Economics, University of Tasmania, http://www.utas.edu.au/profiles/staff/business-and-economics/vladimir-volkov

No 2017-12, Working Papers from University of Tasmania, Tasmanian School of Business and Economics

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.

Keywords: Networks; input-output tables; sectors; research and development (search for similar items in EconPapers)
JEL-codes: C32 C51 C52 G10 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2017
New Economics Papers: this item is included in nep-cse
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Published by the University of Tasmania. Discussion paper 2017-12

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Journal Article: R&D and wholesale trade are critical to the economy: Identifying dominant sectors from economic networks (2018)
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