Industry “Scientific research and development” as economic unit in the Baltic States and Finland
2020
Jaunzems, A., Ventspils Univ. of Applied Sciences (Latvia)
Industry “Scientific research and development” as economic unit in the Baltic States and Finland The goal of the paper is to carry out a comparative dynamic analysis of industry’s M72 (Scientific research and development) input and output in the Baltic States and Finland as part of their national and global economies. From more practical point of view the goal of the research is to estimate the economic efficiency of industry M72 in Latvia. The empirical material of the research is the National Input-Output Tables for the Period of 2000−2014 available on the World Input-Output Database with unified structured statistical information in monetary terms. The theoretical background of the research is the Input-Output analysis, which is examined, for example, in “Input-Output Analysis. Foundations and Extensions”, a significant contribution by Ronald E. Miller and Peter D. Blair. The original version of the model created by the author allows to calculate and to interpret the interindustry coefficients, Leontief inverse, allocation coefficients and Ghosh inverse. The author conducts the analysis of the industry’s M72 gross output, final demand, value added, direct and total backward linkages, direct and total forward linkages to estimate the role of the industry M72 in the national economy. The main conclusions of the study apply the sales structure of M72 gross output and M72 value added forming. The analysis of basic factors, which influenced the industry’s operating efficiency, mostly concerns the subindustry M72.2 (Research and experimental development on social sciences and humanities) in Latvia.
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