Unveiling the Hidden Sectoral Impact on Economic Fluctuations
The article explores how different industries affect the overall economy. By studying many specific manufacturing sectors, the researchers found that small changes in individual industries can lead to big changes in the economy as a whole. They also discovered that when all sectors experience a technology boost at the same time, it leads to increased output and work hours across the board. This shows that the traditional idea that technology drives economic cycles is mostly accurate, even in a more complex model with interconnected industries.