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A New Method of Identifying Key Industries: A Principal Component Analysis
[post]
2021
unpublished
This article using the principal components analysis identifies key industries and groups them into particular clusters. The data come from the US benchmark input-output tables of the years 2002, 2007, 2012 and the most recently published input-output table of the year 2019. We observe some intertemporal switches of industries both between and within the top clusters. The findings further suggest that structural change is a slow moving process and it takes time for some industries to move from
doi:10.21203/rs.3.rs-1053053/v1
fatcat:3zazu5bgzjf2zh5ueywacwcgsq