scholarly journals Trade in Intermediate Inputs and Business Cycle Comovement

2014 ◽  
Vol 6 (4) ◽  
pp. 39-83 ◽  
Author(s):  
Robert C. Johnson
Keyword(s):  
Business Cycles ◽  
Simulated Data ◽  
Value Added ◽  
Input Output ◽  
Output Data ◽  
Productivity Shocks ◽  
Intermediate Inputs ◽  
Real Value ◽  
Trade Elasticity ◽  
Multisector Model

Does input trade synchronize business cycles across countries? I incorporate input trade into a dynamic multisector model with many countries, calibrate the model to match bilateral input-output data, and estimate trade-comovement regressions in simulated data. With correlated productivity shocks, the model yields high trade-comovement correlations for goods, but near-zero correlations for services and thus low aggregate correlations. With uncorrelated shocks, input trade generates more comovement in gross output than real value added. Goods comovement is higher when (i) the aggregate trade elasticity is low, (ii) inputs are more substitutable than final goods, and (iii) inputs are substitutable for primary factors. (JEL E23, E32, F11, F14, F43, F44)

scholarly journals Method of value chain mapping with international input–output data: application to the agricultural value chain in three Greater Mekong Subregion countries

2021 ◽  
Vol 10 (1) ◽  
Author(s):  
Ikuo Kuroiwa
Keyword(s):  
Value Chain ◽  
Value Added ◽  
Input Output ◽  
Output Data ◽  
Primary Input ◽  
Goods And Services ◽  
Unit Structure ◽  
Data Application ◽  
Final Output ◽  
Greater Mekong Subregion

AbstractExtending the technique of unit structure analysis, which was originally developed by Ozaki (J Econ 73(5):720–748, 1980), this study introduces a method of value chain mapping that uses international input–output data and reveals both the upstream and downstream transactions of goods and services, as well as primary input (value added) and final output (final demand) transactions, which emerge along the entire value chain. This method is then applied to the agricultural value chain of three Greater Mekong Subregion countries: Thailand, Vietnam, and Cambodia. The results show that the agricultural value chain has been increasingly internationalized, although there is still room to benefit from participating in global value chains, especially in a country such as Cambodia. Although there are some constraints regarding the methodology and data, the method proves useful in tracing the entire value chain.

scholarly journals An Input–Output Analysis of Sectoral Specialization and Trade Integration of the Western Balkans Economies

Economies ◽  
2020 ◽  
Vol 8 (4) ◽  
pp. 93
Author(s):  
Giovanni Mandras ◽  
Simone Salotti
Keyword(s):  
Value Added ◽  
Value Chains ◽  
Economic Potential ◽  
Trade Integration ◽  
Input Output ◽  
Western Balkans ◽  
Output Data ◽  
Output Analysis ◽  
Smart Specialisation ◽  
Potential Impact

The contribution of this paper is twofold. First, it uses the available official Input–Output data for the Western Balkans economies to estimate the output and value added multipliers of the sectors identified as being either current or emerging strengths within the context of Smart Specialisation. These multipliers indicate the potential impact of changes in final demand for certain products and sectors. This permits the identification of the industries associated with high indirect and induced effects, and to form ideas about the sectoral interdependencies of the economies. For instance, it appears that many sectors related to construction are promising in terms of economic potential related to demand-side monetary injections in Albania. Second, a Multi-Regional dataset is used to investigate the international integration of the Western Balkans economies in terms of participation in the Global Value Chains. The latter has increased over time in the region, but it appears that some economies are benefitting relatively more than others from it.

scholarly journals A User-Friendly Algorithm for Detecting the Influence of Background Risks on a Model

Risks ◽  
2018 ◽  
Vol 6 (3) ◽  
pp. 100 ◽  
Author(s):  
Nadezhda Gribkova ◽  
Ričardas Zitikis
Keyword(s):  
Simulated Data ◽  
Point Of View ◽  
Natural Question ◽  
Input Output ◽  
Output Data ◽  
Practical Point ◽  
Systematic Risks ◽  
User Friendly ◽  
The Given ◽  
Background Risks

Background, or systematic, risks are integral parts of many systems and models in insurance and finance. These risks can, for example, be economic in nature, or they can carry more technical connotations, such as errors or intrusions, which could be intentional or unintentional. A most natural question arises from the practical point of view: is the given system really affected by these risks? In this paper we offer an algorithm for answering this question, given input-output data and appropriately constructed statistics, which rely on the order statistics of inputs and the concomitants of outputs. Even though the idea is rooted in complex statistical and probabilistic considerations, the algorithm is easy to implement and use in practice, as illustrated using simulated data.

Analysing Fuel Subsidy and Taxation Reform with Input–Output Data

2020 ◽  
Vol 19 (S1) ◽  
pp. s62-s87
Author(s):  
Joerg Beutel
Keyword(s):  
Value Added ◽  
Strong Indication ◽  
Input Output ◽  
Output Data ◽  
Output Analysis ◽  
Intermediate Products ◽  
Input Output Analysis ◽  
Long Time ◽  
Taxation Reform ◽  
The Impact

AbstractFor a long time, the use of intermediate products in production has been growing more rapidly in most countries than domestic production. This is a strong indication of more interdependency in production. The main purpose of input-output analysis is to study the interdependency of industries in an economy. Often the term interindustry analysis is also used. Therefore, the exchange of intermediate products is a key issue of input-output analysis. We will use input–output data for this study that the author prepared for the new ‘Handbook on Supply, Use and Input–Output Tables with Extensions and Applications’ of the United Nations. The supply use and input–output tables contain separate valuation matrices for trade margins, transport margins, value added tax, other taxes on products and subsidies on products. For the study, two input–output models were developed to evaluate the impact of fuel subsidy and taxation reform on output, gross domestic product, inflation and trade. Six scenarios are discussed covering different aspects of the reform.

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.

Emissions Responsibility and Relative Importance of the Productive Sectors in Turkey: 2002-2011

2014 ◽  
Author(s):  
Celal Taşdoğan ◽  
Bilgen Taşdoğan
Keyword(s):  
Air Pollutants ◽  
Economic Value ◽  
Value Added ◽  
High Growth ◽  
Air Pollutant ◽  
Sustainable Growth ◽  
Environmental Damage ◽  
Relative Importance ◽  
Input Output ◽  
Key Sectors

Turkey has realized high growth rates during the period of 2002-2011, except in 2008 and 2009 years. It is thought that the rapidly growing in the country may cause a lot of environmental damage, especially air pollution problems. In other words, the productive sectors have produced two outputs which are economic value added and air pollutants. This study used input output matrixes are to find out the strategically important sectors as it is known key sectors and weak sectors caused the environmental effects in the country. For this purpose, it has been tried to investigate air pollutant quantities which caused by the production process of the sectors in the period of 2002-2011 and performed the input-output tables for Turkey constructed in the World Input Output Database (WIOD) Project. These input-output tables include the emission satellite accounts, which are CO2 emissions and other air pollutants, respectively N2O, CH4, N2O, NOx, SOx, CO, NMVOC and NH3, disaggregated for the 34 sectors. It is expected that the outcomes of the study may contribute to sustainable growth debates and environmental policy implementations in Turkey.

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

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