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

Author

Listed:
  • Jutta Günther

    (University of Bremen)

  • Maria Kristalova

    (University of Bremen
    Friedrich Schiller University Jena)

  • Udo Ludwig

    (University of Leipzig)

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.

Suggested Citation

  • Jutta Günther & Maria Kristalova & Udo Ludwig, 2019. "Structural stability of the research & development sector in European economies despite the economic crisis," Journal of Evolutionary Economics, Springer, vol. 29(5), pages 1415-1432, November.
    • Handle: RePEc:spr:joevec:v:29:y:2019:i:5:d:10.1007_s00191-019-00640-z
    DOI: 10.1007/s00191-019-00640-z
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