References (51)


Citations (1)



Which Industries to Bail Out First in Economic Recession? Ranking U.S. Industrial Sectors by the Power-of-Pull

Jianxi Luo

Singapore University of Technology and Design

January 1, 2009

Economic Systems Research, Forthcoming

There have been intense debates regarding which industrial sectors should be prioritized for receiving bailout in economic recessions. This paper takes a network perspective to rank sectors according to the Power-of-Pull, i.e. a sector’s power to pull the overall economy. An eigenvector method is employed to assess the Power-of-Pull of sectors in the United States, using input-output data from 1998 to 2010. The results support bailout to the motor vehicle sector, but argue against bailout to public infrastructure, health care and IT design and service sectors, and also reveal the continual decline of Power-of-Pull ranking of computer and electronics manufacturing sector over time. These results confirm some but also show little support to some other economic revival policies of the Obama Administration in the United States.

Number of Pages in PDF File: 23

Keywords: Economic recession, Bailout; Stimulus, Network analysis, Power-of-Pull, Input-Output table

Accepted Paper Series

Download This Paper

Date posted: July 7, 2009 ; Last revised: June 4, 2014

Suggested Citation

Luo, Jianxi, Which Industries to Bail Out First in Economic Recession? Ranking U.S. Industrial Sectors by the Power-of-Pull (January 1, 2009). Economic Systems Research, Forthcoming. Available at SSRN: http://ssrn.com/abstract=1430162 or http://dx.doi.org/10.2139/ssrn.1430162

Contact Information

Jianxi Luo (Contact Author)
Singapore University of Technology and Design ( email )
20 Dover Drive
Singapore, 138682
Feedback to SSRN

Paper statistics
Abstract Views: 908
Downloads: 167
Download Rank: 108,061
References:  51
Citations:  1
People who downloaded this paper also downloaded:
1. Spot and Forward Volatility in Foreign Exchange
By Pasquale Della Corte, Lucio Sarno, ...

Paper comments
No comments have been made on this paper

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo7 in 0.297 seconds