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

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...

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Bibliographic Details
Published inJournal of evolutionary economics Vol. 29; no. 5; pp. 1415 - 1432
Main Authors Günther, Jutta, Kristalova, Maria, Ludwig, Udo
Format Journal Article
LanguageEnglish
Published Berlin/Heidelberg Springer Berlin Heidelberg 01.11.2019
Springer Nature B.V
Subjects
Connectedness
Economic crisis
Economic Growth
Economic models
Economic Theory/Quantitative Economics/Mathematical Methods
Economics
Economics and Finance
Entrepreneurship
Fiscal policy
Input output analysis
Institutional/Evolutionary Economics
Microeconomics
Policy making
R & D/Technology Policy
R&D
Regular Article
Research & development
Research & development expenditures
Europe
C67
O38
Input-output analysis
H12
O30
Research and development
Economic crisis
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Summary: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.
ISSN:0936-9937
1432-1386
DOI:10.1007/s00191-019-00640-z