Socioeconomic effects of pension spending: evidence from Spain

2020 ◽  
Vol 47 (5) ◽  
pp. 599-617
Author(s):  
Fernando Bermejo ◽  
Eladio Febrero ◽  
Andre Fernandes Tomon Avelino
Keyword(s):  
Peer Review ◽  
Social Protection ◽  
Pension System ◽  
Decomposition Analysis ◽  
Value Added ◽  
Total Output ◽  
Alternative View ◽  
Input Output ◽  
Structural Decomposition Analysis ◽  
Content Type

PurposeThe purpose of this study is to provide broader understanding of the significant role that the pension system has in the Spanish economy by estimating the sectoral production, employment and income sustained by pensioners' consumption.Design/methodology/approachBased on input–output tables by the World Input–Output Database and consumption data from the Household Budget Survey by the Spanish Statistical Office, a demoeconomic model is applied to quantify the direct impacts, indirect impacts from interindustry links and induced impacts from income–consumption connections over a nine-year period (2006–2014). Then, the factors driving the evolution of total output, employment and value added during such period have been examined by using structural decomposition analysis.FindingsThe growing participation of consumption by pensioner households in final demand had proven crucial during the 2008 crisis to alleviate the negative trend in production and employment derived from the collapse in consumption suffered by the rest of households.Practical implicationsDetermining the underlying factors driving changes in both employment and income during the 2008 crisis can be of interest in political decision-making on the sustainability of the Spanish pension system.Social implicationsThe results of estimating both the employment and income supported by pensioners' consumption reveal the significant stabilizing effect of the public spending on pensions, particularly during the 2008 crisis.Originality/valueThe current Spanish approach of attaining the pension system sustainability by merely reducing social protection costs ignores the adverse consequences of a lower pensioners' demand. This paper addresses an alternative view in which pension spending is not considered a burden on economic growth but rather a means of improving the level of production and employment.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-01-2019-0047

Research on the Association Relationship of Information Industry Based on Structural Decomposition Analysis

2013 ◽  
Vol 756-759 ◽  
pp. 787-790
Author(s):  
Xiao Feng Zhang ◽  
Hao Cheng
Keyword(s):  
Industrial Structure ◽  
Decomposition Analysis ◽  
Total Output ◽  
Information Industry ◽  
Input Output ◽  
Structural Decomposition Analysis ◽  
Structural Decomposition ◽  
Output Table ◽  
Relationship Of ◽  
The Relationship

The upgrading and optimizing of industrial structure is a significant choice for the developing countries. This paper arranges the input-output table of four departments from the input-output table of Shandong Province in 2002 and 2007, and analyzes the influence of information industry on other industries by using influence and sensitivity coefficients. In order to reflect the association relationship between information industry and others, we use Structural Decomposition Analysis (SDA) Model to analyze the relationship between the change of information industrial structure and the cause of the growth of total output, which is actually industrial association relationship based on total requirement. Furthermore, an empirical example is provided to illustrate the effectiveness and practicability of the proposed method.

scholarly journals Research on China’s embodied carbon import and export trade from the perspective of value-added trade

PLoS ONE ◽  
2021 ◽  
Vol 16 (11) ◽  
pp. e0258902
Author(s):  
Guangyao Deng ◽  
Fengying Lu ◽  
Xiaofang Yue
Keyword(s):  
Emission Reduction ◽  
Decomposition Analysis ◽  
Value Added ◽  
The United States ◽  
Export Trade ◽  
Structural Decomposition Analysis ◽  
Structural Decomposition ◽  
Embodied Carbon ◽  
Production And Consumption ◽  
Import And Export

The development of globalization has separated the production and consumption of products spatially, and the international trade of products has become a carrier of embodied carbon trade. This paper adopted the perspective of value-added trade to calculate the amount of embodied carbon trade of China from 2006 to 2015 and perform a structural decomposition analysis of the changes in China’s embodied carbon trade. This study found that: (1) China’s embodied carbon exports are much larger than its embodied carbon imports, and there are differences between countries. China imported the largest amount of embodied carbon from South Korea, and it exported the largest amount of embodied carbon to the United States. (2) The structural decomposition analysis shows that changes in the value-added carbon emission coefficient during the study period would have caused China’s embodied carbon trade to decrease, and changes in value-added trade would have caused China’s embodied carbon trade to increase. Therefore, countries trading with China need to strengthen their cooperation with China in energy conservation, emission reduction, and product trade. In order to accurately reflect China’s embodied carbon trade, it is necessary to calculate embodied carbon trade from the perspective of value-added trade.

Domestic Versus Imported Contents in Exports: The Case of India’s Merchandise Trade

2020 ◽  
Vol 15 (1) ◽  
pp. 62-96
Author(s):  
Bishwanath Goldar ◽  
Deb Kusum Das ◽  
Pilu Chandra Das ◽  
Neha Gupta
Keyword(s):  
East Asia ◽  
Positive Impact ◽  
Decomposition Analysis ◽  
Value Added ◽  
Value Chains ◽  
Input Output ◽  
Upward Trend ◽  
Employment Opportunities ◽  
Export Competitiveness ◽  
Merchandise Trade

This article combines national input–output tables (1998–1999 to 2007–2008) with World Input–Output Database (1995–2011) to evaluate foreign value-added (FVA) content in India’s exports at aggregate and disaggregate levels. The results confirm rising FVA and declining domestic value added (DVA) in India’s total and merchandise exports across a majority of the commodities. India’s international fragmentation has risen but continues to be lower than that of East Asia and Association of Southeast Asian Nations (ASEAN). Strikingly, a regression-based decomposition analysis shows greater positive impact of rise in FVA on India’s export growth as compared to imports, leading to substantial net gains. Second, India’s DVA content in exports did not decline much during 2007–2011, thereby displaying a sluggish upward trend in its FVA content. This article advocates the need for striking a right balance between the goals of increasing FVA (improving linkages into global value chains) to enhance export competitiveness and maintaining DVA (supporting the ‘Make in India’ initiative) in exports to generate employment opportunities domestically.

The Change of Energy Consumption in China and its Driving Forces

2014 ◽  
Vol 700 ◽  
pp. 739-742
Author(s):  
Yi Cao ◽  
Shui Jun Peng ◽  
Wen Cheng Zhang
Keyword(s):  
Energy Efficiency ◽  
Energy Consumption ◽  
Driving Forces ◽  
Decomposition Analysis ◽  
Final Demand ◽  
Embodied Energy ◽  
Input Output ◽  
Structural Decomposition Analysis ◽  
Structural Decomposition ◽  
Key Driver

This paper estimates the changes of industrial embodied energy consumption in China between 1997 and 2007, and applies a structural decomposition analysis (SDA), based on non-competitive (import) input-output tables, to analyze the sources of change of China’s energy consumption from 1997 to 2007. Results show that China’s energy consumption increased sharply, especially after the accession to WTO. The SDA results indicate that the improvement of energy efficiency during 1997-2007 significantly reduced energy consumption in China while the growth of final demand was the key driver of China’s energy consumption. In addition, distribution of final demand with the declining share of consumption and the increasing share of export push energy consumption upward.

Accounting for China's Import Growth: A Structural Decomposition for 1997–2005

2011 ◽  
Vol 43 (12) ◽  
pp. 2971-2991 ◽  
Author(s):  
Jiansuo Pei ◽  
Erik Dietzenbacher ◽  
Jan Oosterhaven ◽  
Cuihong Yang
Keyword(s):  
Volume Growth ◽  
Decomposition Analysis ◽  
Final Demand ◽  
Global Supply Chain ◽  
Input Output ◽  
Vertical Specialization ◽  
Structural Decomposition Analysis ◽  
Structural Decomposition ◽  
China’S Growth

This paper applies structural decomposition analysis to Chinese input–output tables in order to disentangle and quantify the sources of China's import growth and China's growth in vertical specialization: that is, China's incorporation into the global supply chain. China's exports and the role of processing trade therein have increased substantially in the last decade. Yet, they account for only one third of China's import growth from 1997 to 2005. Instead, the volume growth of China's domestic final demand is found to be most important. Moreover, compared with other countries, the structural change in input–output coefficients and in the commodity composition of domestic final demand turns out to be surprisingly important. Looking only at vertical specialization, it is concluded that more than half of its growth, from 21% in 1997 to 30% in 2005, is due to the growth of China's import ratios.

A value-added analysis of trade in Taiwan and Korea’s ICT industries

2016 ◽  
Vol 20 (1) ◽  
pp. 47-73
Author(s):  
Hsing-Chun Lin ◽  
Shih-Hsun Hsu ◽  
Ruey-Wan Liou ◽  
Ching-Cheng Chang
Keyword(s):  
Value Added ◽  
Information And Communications Technology ◽  
Value Chains ◽  
Input Output ◽  
Content Type ◽  
Cost Structures ◽  
A Value ◽  
The World ◽  
Ict Industry ◽  
Trade In Value Added

Purpose – The purpose of this paper is to extricate value-added exports in information and communications technology (ICT) industry earned by Taiwan and Korea. Additionally, the authors decompose Taiwan and Korea’s gross exports into various meaningful components. Design/methodology/approach – The authors use the inter-country input-output (ICIO) table which endows with cost structures of industries as well as trade information, facilitating in keeping track of the flow of products and value-added. The ICIO table used in this paper comes from the World Input-Output Database. The authors also use the way Wang et al. (2013) decomposed the intermediate goods exports into various components to provide further insights. Findings – The empirical results indicate that Taiwan and Korea’s ICT export to the world shrink by 47.8 and 40.9 percent when the trades are measured in value-added terms. Taiwan and Korea’s ICT export will also decrease by 75.1 and 57.8 percent. From the viewpoint of value added in trade, the share of value added embodied in Taiwan and Korea’s gross ICT exports continued to decrease and reached 24.9 and 42.2 percent in 2011, while the components of pure double counted terms kept growing in recent years. Originality/value – With global value chains flourishing in recent years, conventional trade statistics not only fails to highlight the vertical specialization among different countries, but also distorts the measurement of a country’s competitiveness. This paper extricates value-added exports in ICT industry earned by Taiwan and Korea and bring into focus the importance of trade in value added.

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