A multi-period perspective on tourism’s economic contribution – a regional input-output analysis for Sweden

2018 ◽  
Vol 73 (1) ◽  
pp. 94-110 ◽  
Author(s):  
Kai Kronenberg ◽  
Matthias Fuchs ◽  
Maria Lexhagen
Keyword(s):  
Value Added ◽  
Economic Effects ◽  
Estimation Bias ◽  
Full Time ◽  
Input Output ◽  
Computable General Equilibrium Models ◽  
Output Analysis ◽  
Content Type ◽  
Economic Output ◽  
Economic Contribution

Purpose Previous studies on tourism input-output (IO) primarily focus on a single year’s snapshot or utilize outdated IO coefficients. The purpose of this paper is to analyze the multi-period development of regional tourism capacities and its influence on the magnitude of the industry’s regional economic contribution. The paper highlights the importance of applying up-to-date IO coefficients to avoid estimation bias typically found in previous studies on tourism’s economic contribution. Design/methodology/approach For the period 2008-2014, national IO tables are regionalized to estimate direct and indirect economic effects for output, employment, income and other value-added deffects. A comparison of Leontief inverse matrices is conducted to quantify estimation bias when using outdated models for analyzing tourism’s economic contribution. Findings On the one hand, economic linkages strengthened, especially for labour-intensive sectors. On the other hand, sectoral recessions in 2012 and 2014 led to an economy-wide decline of indirect effects, although tourists’ consumption was still increasing. Finally, estimation bias observed after applying an outdated IO model is quantified by approximately US$4.1m output, 986 jobs full-time equivalents, US$24.8m income and US$14.8m other value-added effects. Research limitations/implications Prevailing assumptions on IO modelling and regionalization techniques aim for more precise survey-based approaches and computable general equilibrium models to incorporate net changes in economic output. Results should be cross-validated by means of qualitative interviews with industry representatives. Practical implications Additional costs for generating IO tables on an annual base clearly pay off when considering the improved accuracy of estimates on tourism’s economic contribution. Originality/value This study shows that tourism IO studies should apply up-to-date IO models when estimating the industry’s economic contribution. It provides evidence that applying outdated models involve the risk of estimation biases, because annual changes of multipliers substantially influence the magnitude of effects.

Economic effects of the liquid biofuel industry in South Korea using input–output analysis

2019 ◽  
Vol 31 (3) ◽  
pp. 424-439
Author(s):  
Hyoung-Ju Seo ◽  
Ha-na Kim ◽  
Eui-Chan Jeon
Keyword(s):  
South Korea ◽  
Heavy Oil ◽  
Value Added ◽  
Oil Industry ◽  
Economic Effects ◽  
Fuel Oil ◽  
Input Output ◽  
Heavy Fuel Oil ◽  
Output Analysis ◽  
Input Output Analysis

Bio-energy is a research field that is of worldwide interest. South Korea, which imports all of its heavy fuel oil for consumption, passed a new law allowing bio-heavy oil made from animal fat, by-product of biodiesel processes, palm oil, and other leftover oil to be used to generate electricity in place of heavy fuel oil. As there is lack of policy research with respect to liquid biofuels, the purpose of this study is to define the bio-heavy oil industry in South Korea and to investigate the economic effects of bio-heavy oil. An input–output analysis model was used and demonstrated that the production-, value-added-, import-, and employment-induced effects of the bio-heavy oil industry were larger than those induced by the heavy fuel oil industry. As the import of fuel by the heavy fuel oil industry was greater than the bio-heavy oil industry, the import substitution effect of the bio-heavy oil industry was found to be greater. This resulted in a positive value for the net-induced effect of the bio-heavy oil industry. When considering the global concern with respect to the development and expansion of biofuel feedstock, this study shows the possibility of transforming heavy fuel oil plants distributed around the world into renewable energy sources.

scholarly journals THE INFLUENCE OF RAILWAY DEVELOPMENT ON THE INDONESIAN NATIONAL ECONOMY: AN INPUT-OUTPUT APPROACH

2019 ◽  
Author(s):  
hermanto dwiatmoko ◽  
dadang supriyatno ◽  
Achmad Kemal Hidayat ◽  
M Ikhsan Setiawan
Keyword(s):  
Data Analysis ◽  
National Economy ◽  
Value Added ◽  
Input Output ◽  
Railway Transportation ◽  
Output Data ◽  
Output Analysis ◽  
Economic Output ◽  
National Economic ◽  
The Government

This paper aims to investigate the effect of railway development on the Indonesia national economy with Input-Output analysis. The data used in this study are Input- Output data from 2000 to 2010. Input-Output data analysis generates contribution, value added, intermediate input, final input, linkage and multiple impacts of railway to other modes of transportation and national economy. The result of Input-Output data analysis concludes that railway has forward and backward linkage to various sub sectors, therefore it can become superior sub-sector to increase national economic growth. The research results find out that if there is a development or investment in the railway subsector of IDR. 1 billion, this, will, therefore, give impact to: (a) the amount of economic output will increase into IDR 1.63 billion; (b) the income of the society members will become IDR. 362,5 million; (c) will upgrade the employment opportunities into 9.5 people. Accordingly, there is a need to modify the government budget (APBN) that will focus primarily on developing railway transportation, both in goods and passengers vehicles.

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

Recuperation of economy after volcanic eruption in Mt. Merapi, Indonesia: a multiregional input-output analysis

2020 ◽  
Author(s):  
Heni Subiyanti ◽  
Moinul Islam ◽  
Masaru Ichihashi
Keyword(s):  
Natural Disasters ◽  
Volcanic Eruption ◽  
State Level ◽  
Economic Effects ◽  
Input Output ◽  
Output Analysis ◽  
Services Sector ◽  
Forestry Sector ◽  
Level Data ◽  
Fiscal Support

Abstract Indonesia is in one of the disaster-prone points, the ring of fire, which frequently suffer from natural disasters. Mt. Merapi volcanic eruption in 2010 was one of the catastrophic natural disasters, which caused the approximate economic damages of 3,628 trillion Indonesian rupiah. To recover the loss of different sectors of the economy, the central and regional governments allocates special budget for recovery and reconstruction. We assess the induced economic effects of Mt. Merapi eruption recovery fiscal support by using a multiregional input-output (MRIO) model. We utilize the state level data of the 2005 Indonesian interregional input-output table (IRIO) and the 2011–2013 volcano eruption restoration. Our results indicate that the effect of 2010 recovery budget for Mt. Merapi eruption contributed to the economy of the hazard-affected Yogyakarta Special Region. In addition, the forestry sector, other services sector, and construction sectors have a significantly benefited from the induced output by fiscal support.

The role of volunteer organizations in leadership skill development

2017 ◽  
Vol 36 (5) ◽  
pp. 712-723 ◽  
Author(s):  
Pamela Ann Gordon ◽  
Brett Anthony Gordon
Keyword(s):  
Service Learning ◽  
Skill Development ◽  
Leadership Skills ◽  
Value Added ◽  
Full Time ◽  
Leadership Roles ◽  
Leadership Skill ◽  
Content Type ◽  
Volunteer Organizations ◽  
Leadership Skill Development

Purpose The purpose of this paper is to explore the concept of service learning and the use of volunteer organizations as a means for members to learn and hone leadership skills that can be transferred to their full-time corporate positions. Design/methodology/approach A qualitative study incorporating a phenomenological design was utilized to interview 30 past presidents of two volunteer organizations in Florida, Junior League and the Masonic Fraternity. The goal was to explore the participants’ thoughts and experiences related to transferable leadership skill development. Findings Emerging themes confirmed that accepting leadership roles within volunteer organizations is conducive to learning, testing, and evaluating new methods of leadership and skill enhancement. These skill sets can then be transferred and applied to different corporate settings. Practical implications Organizational leaders should consider the value-added benefits of encouraging employees to become involved in volunteer organizations and accepting leadership roles. This not only promotes good corporate social responsibility, but provides the employee with leadership skill development, which may ultimately benefit the firm. Originality/value Participants belonging to two separate volunteer organizations presented viewpoints regarding the value of volunteer organizations in developing and honing transferable leadership skills. Previous research has not addressed direct skill transference from leadership experiences in volunteer organizations and therefore, this research is unique in its contribution to the literature.

The Economic Impact of Tourism in Israel: A Multi-Regional Input—Output Analysis

1997 ◽  
Vol 3 (4) ◽  
pp. 341-359 ◽  
Author(s):  
Daniel Freeman ◽  
Esther Sultan
Keyword(s):  
Spatial Distribution ◽  
Economic Impact ◽  
Value Added ◽  
The Other ◽  
Input Output ◽  
Output Analysis ◽  
Input Output Analysis ◽  
Regional Impacts

Tourism has become one of the main export services in Israel in the last five years. The objective of this study was to estimate the comprehensive contribution of tourism to the economy of Israel and its spatial distribution. The study measured the impacts (multipliers) on three levels: direct, indirect and induced. A multi-regional input–output (MRIO) model was used in this research because of its capability to evaluate the impacts of inter-regional interdependencies simultaneously with those of sectoral ones. The results were expressed as multi-regional input–output multipliers. The authors conclude that the sum of the value-added from indirect output was 4% of GDP, and that from induced impacts was 7% of the GDP. There were differences in the impacts within and outside the regions. The analysis of multi-regional impacts through the use of MRIO enabled the authors to estimate simultaneously the magnitude of the impacts within the region, the related impacts in other regions, and the feedback impacts due to the other regions' demand.

An innovative approach to measuring technology spillovers in service-dominant logic

Kybernetes ◽  
2015 ◽  
Vol 44 (2) ◽  
pp. 202-219 ◽  
Author(s):  
Yen-Hao Hsieh ◽  
Soe-Tsyr Yuan
Keyword(s):  
Service Sector ◽  
Service Providers ◽  
Analysis Approach ◽  
Technology Spillovers ◽  
Input Output ◽  
Output Analysis ◽  
Content Type ◽  
Customer Involvement ◽  
Input Output Analysis ◽  
Target Values

Purpose – The purpose of this paper is to propose a service-dominant (S-D) logic-based input-output analysis approach to systematically measure the effects of technology spillover in the service sector. Design/methodology/approach – This study uses a case to demonstrate the feasibility and contributions of the S-D logic-based input-output analysis approach. Findings – This study adopted the idea of customer involvement to formulate the S-D logic-based input-output analysis approach. Service providers can apply this systematical approach to find potential opportunities to spread information technology and co-create values with customers. Originality/value – The S-D logic-based input-output analysis approach has elasticity to dynamically employ different perspectives to evaluate the effects of technology spillovers in order for integrity and precision. The proposed approach is to delineate the possible target values that related to specific services based on the notions of operant resources and customer involvement in a selected service sector. Service providers within the service sector have to offer innovative service activities and manage existing services for customers to participate in.

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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