At the XVII April International Conference of the Higher School of Economics Moscow on 21 April 2016, Jutta Günther presented empirical findings from her paper on the influence of the global economic and financial crisis on the research and development sector in European economies, written jointly with Maria Kristalova and Udo Ludwig. The paper has now been published in the Journal of Evolutionary Economics.
Abstract: When an external shock such as the economic crisis in 2008/2009 occurs, the inter-connectedness of sectors can be affected. This paper investigates whether the R&Dsector experienced changes in its sectoral integration through the recession. Based onan input-output analysis, it can be shown that the linkages of the R&D sector with othersectors remain stable. In some countries, the inter-sectoral integration becomes evenstronger. Policy makers can be encouraged to use public R&D spending as a means offiscal policy against an economic crisis.
