Applied research services in economics

CPC v2.1 Code: 81222

About applied research services in economics

cpc code 81222 covers the industry of applied research services in economics. This industry plays a crucial role in providing valuable insights and data-driven analysis to support decision-making processes across various sectors of the economy. By conducting in-depth research and studies, economists in this field help organizations, policymakers, and stakeholders better understand economic trends, market dynamics, and the potential impact of economic policies and interventions.

Production process

The main production techniques used in the applied research services in economics industry involve a combination of quantitative and qualitative research methods. Economists in this field collect and analyze data from a variety of sources, including government statistics, industry reports, and primary research. They employ advanced statistical and econometric modeling techniques to identify patterns, trends, and relationships within the data. Additionally, they may conduct surveys, interviews, and focus groups to gather first-hand insights from relevant stakeholders.

Production inputs

The key inputs required for the applied research services in economics industry include access to reliable data sources, specialized software and analytical tools, and a team of highly skilled economists and researchers. Economists in this field must have a strong background in economic theory, quantitative analysis, and research methodologies. They also require access to relevant databases, such as 11200 Economic statistics, 11300 Economic indicators, and 11400 Economic forecasts, to gather the necessary data for their analyses.

Production outputs

The main outputs of the applied research services in economics industry are comprehensive reports, policy recommendations, and data-driven insights that inform decision-making processes across various sectors. These outputs can be consumed by a wide range of industries, including 81100 Management consulting services, 81210 Economic research services, and 91110 Government administration services. The insights and recommendations generated by economists in this field can help organizations, policymakers, and stakeholders better understand economic trends, assess the potential impact of policies, and make more informed strategic decisions.

Family tree for applied research services in economics

    graph LR
    A["<a href='/classifications/cpc/v2-1/8'>8: Business and production services</a>"]
A --> B["<a href='/classifications/cpc/v2-1/81'>81: Research and development services</a>"]
B --> C["<a href='/classifications/cpc/v2-1/812'>812: Research and experimental development services in social sciences and humanities</a>"]
C --> D["<a href='/classifications/cpc/v2-1/8122'>8122: Applied research services in social sciences and humanities</a>"]
D --> E["<a href='/classifications/cpc/v2-1/81222'>81222: Applied research services in economics</a>"]

    D --> F["<a href='/classifications/cpc/v2-1/81221'>81221: Applied research services in psychology</a>"]
D --> G["<a href='/classifications/cpc/v2-1/81223'>81223: Applied research services in law</a>"]
D --> H["<a href='/classifications/cpc/v2-1/81224'>81224: Applied research services in language and literature</a>"]
D --> I["<a href='/classifications/cpc/v2-1/81229'>81229: Applied research services on other social sciences and humanities</a>"]

    

    %% Color coordination by level

    classDef level1 color:#000,fill:#a8f9ff,stroke:#333,stroke-width:2px
    classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px
    classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px
    classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px
    classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px



  %% Apply classes
  class A level1
class B level2
class C level3
class D level4
class E level5
class F level5
class G level5
class H level5
class I level5

  class E highlight

  %% class A level1
  %% class B,C level2
  %% class D,E,F,G,H,I level2
  %% class J,K,L,M,N,O,P level3
  %% class E highlight