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Journal of Evolutionary Economics

, Volume 29, Issue 5, pp 1415–1432 | Cite as

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

  • Jutta GüntherEmail author
  • Maria Kristalova
  • Udo Ludwig
Regular Article
  • 72 Downloads

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 

JEL classifications

C67 H12 O30 O38 

Notes

Acknowledgements

We greatly acknowledge comments and suggestions of the participants of scientific conferences and workshops, in particular the International Input-Output Workshop in Osnabrueck/Germany 2016, the Meeting of the Committee of Evolutionary Economics of the Verein für Socialpolitik in Hannover/Germany 2016 and the International April Conference at Higher School of Economics Moscow 2016. Furthermore, the paper benefited strongly from comments and suggestions of three anonymous referees who we would like to thank.

Compliance with ethical standards

Conflict of interest

The authors declare that they have no conflict of interest.

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Copyright information

© Springer-Verlag GmbH Germany, part of Springer Nature 2019

Authors and Affiliations

  1. 1.Business Studies and EconomicsUniversity of BremenBremenGermany
  2. 2.Faculty of Economics and Business AdministrationFriedrich Schiller University JenaJenaGermany
  3. 3.Faculty of Economics and Management ScienceUniversity of LeipzigLeipzigGermany

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