A Fuzzy clustering approach to the key sectors of the Spanish economy
AbstractThe search for key sectors in an economy has been and still is one of the more recurrent themes in input-output analysis. When using clustering techniques, sectors can only belong to a group, having a particular performance. But, actually, the same sector could be important from different perspectives at the same time, to a different degree. So, a fuzzy clustering approach is needed. In this work we propose a multidimensional approach to classify the productive sectors of the Spanish input-output table for 1995, based on three groups of variables: those related to their productive integration, others measuring their specific weight in the economy and finally some showing their economic dynamic. We also incorporate into the analysis the technological level, which being a categorical variable presents special methodological problems. All these questions are tackled applying a robust and fuzzy clustering analysis, which gives as a result a classification of sectors illustrating the role that each one plays in the Spanish economy.
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Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Economic Systems Research.
Volume (Year): 18 (2006)
Issue (Month): 3 ()
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