Template-Type: ReDIF-Article 1.0
Author-Name: Pierre Mohnen
Author-X-Name-First: Pierre
Author-X-Name-Last: Mohnen
Title: Introduction: Input-Output Analysis of Interindustry R&D Spillovers
Abstract:
As an introduction to this special issue on intersectoral R&D spillovers,
I shall first explain what these spillovers are and how economists try to
estimate them. I shall then describe the seven papers selected for this
issue from the expanding literature on R&D spillovers, summarize their
major results and suggest further avenues of research in this area.
Journal: Economic Systems Research
Pages: 3-8
Issue: 1
Volume: 9
Year: 1997
Keywords: R&D spillovers,
X-DOI: 10.1080/09535319700000001
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Template-Type: ReDIF-Article 1.0
Author-Name: Edward Wolff
Author-X-Name-First: Edward
Author-X-Name-Last: Wolff
Title: Spillovers, Linkages and Technical Change
Abstract:
Using US input-output data for the period 1958-87, I find strong evidence
that industry total factor productivity (TFP) growth is significantly
related to the TFP performance of the supplying sectors, with an
elasticity of almost 60%. R&D intensity is also found to be a significant
determinant of industry TFP growth, with an estimated return of about
10-13% and the return to embodied R&D is estimated at 43%. Direct
productivity spillovers, from the technological progress made by supplying
sectors, appear to be more important than spillovers from the R&D
performed by suppliers. They also play a key role in explaining changes in
manufacturing TFP growth over time. Changes in the contribution made by
direct productivity spillovers to TFP growth account for almost half of
the slowdown in TFP growth in manufacturing from 1958-67 to 1967-77, and
for 20% of the TFP growth recovery in this sector from 1967-77 to 1977-87.
Changes in R&D intensity and embodied R&D are relatively unimportant in
explaining movements in manufacturing TFP growth over these three periods.
Journal: Economic Systems Research
Pages: 9-23
Issue: 1
Volume: 9
Year: 1997
Keywords: Embodied R&D, embodied total factor productivity growth, productivity, linkages, USA,
X-DOI: 10.1080/09535319700000002
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Template-Type: ReDIF-Article 1.0
Author-Name: Hans van Meijl
Author-X-Name-First: Hans
Author-X-Name-Last: van Meijl
Title: Measuring Intersectoral Spillovers: French Evidence
Abstract:
In this paper, we measure the effect of internal R&D and various
spillover concepts on productivity growth, using a database for France
that covers the period 1978-92. Three spillover concepts are
distinguished: rent spillovers related to investment goods; rent
spillovers related to intermediate goods; pure knowledge spillovers. When
production is measured by gross output, all three spillover concepts yield
positive and statistically significant coefficients. Each concept has a
measurable effect on technological progress at the sectoral level.
Journal: Economic Systems Research
Pages: 25-46
Issue: 1
Volume: 9
Year: 1997
Keywords: R&D spillovers, patents, productivity growth, France,
X-DOI: 10.1080/09535319700000003
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Template-Type: ReDIF-Article 1.0
Author-Name: Bart Verspagen
Author-X-Name-First: Bart
Author-X-Name-Last: Verspagen
Title: Measuring Intersectoral Technology Spillovers: Estimates from the European and US Patent Office Databases
Abstract:
This paper presents several new methods for measuring intersectoral
knowledge spillovers, and applies these methods in an analysis of
productivity growth in manufacturing for a cross-country, cross-sectional
sample for the 1980s. It is argued that existing methods of measuring such
intersectoral knowledge spillovers are mostly aimed at measuring so-called
crent spillovers'. The methods developed here are aimed at measuring
knowledge spillovers—an additional aspect of the spillover process.
The empirical analysis shows that there are indeed differences between
these two types of spillover measure.
Journal: Economic Systems Research
Pages: 47-65
Issue: 1
Volume: 9
Year: 1997
Keywords: R&D spillovers, patents, productivity growth,
X-DOI: 10.1080/09535319700000004
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Template-Type: ReDIF-Article 1.0
Author-Name: Synnove Vuori
Author-X-Name-First: Synnove
Author-X-Name-Last: Vuori
Title: Interindustry Technology Flows and Productivity in Finnish Manufacturing
Abstract:
The paper examines the importance of interindustry technology flows in
finnish manufacturing in the 1980s and early 1990s. An attempt is made to
distinguish between embodied technology flows and spillovers, so
clarifying the spillover concept.Embodied technology covers intermediate
goods and capital equipment. The embodied technology data that have been
used are partly based on input—output analysis, while the spillover
estimates presented are based on measures of technological distance based
on the industry-specific distributions of R&D expenditures. Econometric
analysis of the effects of the various technology inputs on total factor
productivity implies that technology embodied in foreign machinery,
domestic spillovers and, to some extent, the firms' own R&D have been the
most important technology sources on average.
Journal: Economic Systems Research
Pages: 67-80
Issue: 1
Volume: 9
Year: 1997
Keywords: Technology flows, R&D spillovers, total factor productivity, Finland,
X-DOI: 10.1080/09535319700000005
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Template-Type: ReDIF-Article 1.0
Author-Name: Norihisa Sakurai
Author-X-Name-First: Norihisa
Author-X-Name-Last: Sakurai
Author-Name: George Papaconstantinou
Author-X-Name-First: George
Author-X-Name-Last: Papaconstantinou
Author-Name: Evangelos Ioannidis
Author-X-Name-First: Evangelos
Author-X-Name-Last: Ioannidis
Title: Impact of R&D and Technology Diffusion on Productivity Growth: Empirical Evidence for 10 OECD Countries
Abstract:
This paper examines the empirical evidence on the impact of performed R&D
and of R&D embodied in intermediate and capital goods on productivity
performance in 10 major OECD countries over the last two decades. To
quantify intersectoral and international technology flows, industry-level
embodied R&D variables were constructed from an input-output (IO) R&D
embodiment model. The productivity variables used are discrete Divisia
growth indexes of total factor productivity (TFP), which were estimated
from an IO growth accounting model. The results from pooled regressions
indicate that the rates of return of the R&D variables were positively
significant and increasing in the 1980s. In particular, embodied R&D is an
important source for TFP growth in services, indicating very high social
returns of the flows of capital-embodied technology into this sector.
Moreover, the information and communi-cation technology (ICT) cluster of
industries played a major role in the generation and cquisition of new
technologies at the international level.
Journal: Economic Systems Research
Pages: 81-109
Issue: 1
Volume: 9
Year: 1997
Keywords: R&D, embodied R&D, productivity, ICT sector, OECD countries,
X-DOI: 10.1080/09535319700000006
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Template-Type: ReDIF-Article 1.0
Author-Name: Jeffrey Bernstein
Author-X-Name-First: Jeffrey
Author-X-Name-Last: Bernstein
Title: Interindustry R&D Spillovers for Electrical and Electronic Products: The Canadian Case
Abstract:
This paper estimates the effects of interindustry R&D spillovers on the
cost and production structure for 10 Canadian manufacturing industries.
Because of their high-tech nature and productivity performance, spillovers
from electrical and electronic products are distinguished from other
spillover sources. Generally, spillovers from electrical and electronic
products generate cost reductions and render production processes for
Canadian manufacturing industries more capital intensive (i.e. either more
physical or R&D capital intensive). Social rates of return for R&D capital
are calculated for all 10 industries. The social rates are 5-11 times
greater than are the private rates. Indeed, the social rates are high for
all the industries. This implies that the electrical and electronic
products industry is an important interindustry spillover source but, like
other industries, a major spillover-using industry.
Journal: Economic Systems Research
Pages: 111-125
Issue: 1
Volume: 9
Year: 1997
Keywords: R&D spillovers, cost function, electrical products industry, Canada,
X-DOI: 10.1080/09535319700000007
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Handle: RePEc:taf:ecsysr:v:9:y:1997:i:1:p:111-125
Template-Type: ReDIF-Article 1.0
Author-Name: Hiroyuki Odagiri
Author-X-Name-First: Hiroyuki
Author-X-Name-Last: Odagiri
Author-Name: Shin-ya Kinukawa
Author-X-Name-First: Shin-ya
Author-X-Name-Last: Kinukawa
Title: Contributions and Channels of Interindustry R&D Spillovers: An Estimation for Japanese High-tech Industries
Abstract:
This paper estimates the contributions of R&D spillovers to four
high-tech industries in Japan—general machinery, electrical
machinery, transportation machinery and chemicals—by estimating the
trans-log cost and share functions that include the R&D stock variables of
own and spillover-source industries. The candidates for spillover- source
industries are selected on the basis of large R&D flow or R&D proximity.
The R&D flow measures the spillover embodied in purchased intermediate
goods using input-output coefficients. The R&D proximity measures the
extent of similarity between a pair of industries of the distribution of
R&D expenditures across research fields, and is expected to show the
likelihood of spillover at the R&D stage. The results suggest that
electrical machinery benefited from R&D in the chemical industry, through
the purchase of intermediate goods, whereas general machinery and
transportation machinery benefited from R&D in the metal products
industry, through R&D proximity. There was no evidence of the chemical
industry benefiting from R&D spillovers. These results clearly imply that
the contributions and the channels of R&D spillovers are diverse, casting
doubt on earlier studies that used weighted sums of R&D expenditures (or
their stocks) of other industries as aggregate spillover variables.
Journal: Economic Systems Research
Pages: 127-142
Issue: 1
Volume: 9
Year: 1997
Keywords: R&D spillovers, R&D proximity, cost function, Japan,
X-DOI: 10.1080/09535319700000008
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Handle: RePEc:taf:ecsysr:v:9:y:1997:i:1:p:127-142
Template-Type: ReDIF-Article 1.0
Author-Name: Chris Debresson
Author-X-Name-First: Chris
Author-X-Name-Last: Debresson
Title: Foreword
Abstract:
Journal: Economic Systems Research
Pages: 147-147
Issue: 2
Volume: 9
Year: 1997
X-DOI: 10.1080/09535319700000009
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Template-Type: ReDIF-Article 1.0
Author-Name: Robert Evenson
Author-X-Name-First: Robert
Author-X-Name-Last: Evenson
Author-Name: Daniel Johnson
Author-X-Name-First: Daniel
Author-X-Name-Last: Johnson
Title: Introduction: Invention Input-Output Analysis
Abstract:
The papers in this issue are directed towards the development of
invention input-output (I(IO)) coefficients. They discuss the procedures
for creating I(IO) coefficients using the Yale Technology Concordance,
which assigns patented inventions to the industry of manufacture and
sector of use, utilizing the International Patent Class system. Tests of
reliability of the I(Io) coefficients and their use in economic studies
are reported.
Journal: Economic Systems Research
Pages: 149-160
Issue: 2
Volume: 9
Year: 1997
Keywords: Patents, Yale Technology Concordance, input-output data, R&D spillovers, total factor productivity,
X-DOI: 10.1080/09535319700000010
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Template-Type: ReDIF-Article 1.0
Author-Name: Samuel Kortum
Author-X-Name-First: Samuel
Author-X-Name-Last: Kortum
Author-Name: Jonathan Putnam
Author-X-Name-First: Jonathan
Author-X-Name-Last: Putnam
Title: Assigning Patents to Industries: Tests of the Yale Technology Concordance
Abstract:
We describe a method to predict patent counts disaggregated by industry,
using available data on patenting by technology field. This
method—the Yale Technology Concordance (YTC)—exploits a data
set of patents that have been individually assigned by the Canadian Patent
Office to both an industry and a technology field. The procedure for
predicting patents by industry is developed as a statistical model so that
the standard errors of the predictions can be estimated. The YTC is tested
on several subsets of Canadian patents by comparing out-of-sample
predictions with industry assignments made by the Canadian Patent Office.
We find that the predictions of patents by industry are quite accurate for
the subset of patents form US inventors. The prediction errors are much
greater for the subset of patents granted or published after 1989. This
suggests that the relationship between the technology fields and
industries has shifted in a way that the procedure does not capture.
Nonetheless, predictions from the YTC do appear to give a reasonably
accurate picture of the pattern of patenting by industry.
Journal: Economic Systems Research
Pages: 161-176
Issue: 2
Volume: 9
Year: 1997
Keywords: Patents, Yale Technology Concordance, industry classzjication, Canada,
X-DOI: 10.1080/09535319700000011
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Template-Type: ReDIF-Article 1.0
Author-Name: Daniel Johnson
Author-X-Name-First: Daniel
Author-X-Name-Last: Johnson
Author-Name: Robert Evenson
Author-X-Name-First: Robert
Author-X-Name-Last: Evenson
Title: Innovation and Invention in Canada
Abstract:
This paper compares innovation survey data with invention data as
recorded by patents (and, therefore, the basis of the Yale Technology
Concordance), presenting input-output tables for both data sets. We
describe and compare the intersec-toral flows of technology from the
industry of manufacture (IOM) to the sector of use (SOU); compare
patent-to-innovation ratios by industry; and present correlations between
innovation, invention and R&D by industy. One significant conclusion is
that, while innovation and invention data are highly correlated in the
IOM, they diverge on the SOU, especially in certain key industries that we
identify.
Journal: Economic Systems Research
Pages: 177-192
Issue: 2
Volume: 9
Year: 1997
Keywords: Patents, Yale Technology Concordance, input—output data, R&D spillovers, Canada,
X-DOI: 10.1080/09535319700000012
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Template-Type: ReDIF-Article 1.0
Author-Name: Brian Fikkert
Author-X-Name-First: Brian
Author-X-Name-Last: Fikkert
Title: Application of the Yale Technology Concordance to the Construction of International Spillover Variables for India
Abstract:
Although there is increased interest in the role of international
technology spillovers, empirical studies have been hampered by a host of
measurement problems. This paper reviews recent attempts to address two of
these problems. First, there are differing degrees of transferability of
technology from one region to another. Second, both embodied and
disembodied technology are transferred, and these different modes of
transfer have distinct implications for both behavior and policy. To deal
with the first measurement problem, the Yale Technology Concordance
(YTC)—a matrix that maps patents into industries of manufacture and
sectors of use—was used to construct indices of relevance of
foreign technology to India. To deal with the second measurement problem,
the YTC was again used to construct pools of embodied and disembodied
international technology. After describing the variable construction, the
paper highlights the performance of these variables in equations that
predict Indian firms' R&D, technology purchases and output.
Journal: Economic Systems Research
Pages: 193-203
Issue: 2
Volume: 9
Year: 1997
Keywords: Yale Technology Concordance, International R&D spillovers, India,
X-DOI: 10.1080/09535319700000013
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Handle: RePEc:taf:ecsysr:v:9:y:1997:i:2:p:193-203
Template-Type: ReDIF-Article 1.0
Author-Name: Hans van Meijl
Author-X-Name-First: Hans
Author-X-Name-Last: van Meijl
Title: Measuring the Impact of Direct and Indirect R&D on the Productivity Growth of Industries: Using the Yale Technology Concordance
Abstract:
This paper investigates the impact of direct and indirect R&D on the
productivity growth of 30 French industries during the period 1978-92. The
main aim of this paper is to assess the appropriateness of the Yale
Technology Concordance (YTC) as a proxy for indirect R&D flows. We compare
the effect on productivity growth of the Yale proxy with the traditional
proxy based on goods input-output flows, and assess their suitability for
different groups of industries. Results indicate that the indirect YTC
proxy performs slightly better than the traditional proxy, as a result of
superior performance in the high-tech and service sectors in particular.
Journal: Economic Systems Research
Pages: 205-211
Issue: 2
Volume: 9
Year: 1997
Keywords: Yale Technology Concordance, input-output data, total factor productiv-ity growth, R&D spillovers, France,
X-DOI: 10.1080/09535319700000014
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Template-Type: ReDIF-Article 1.0
Author-Name: Wolfgang Keller
Author-X-Name-First: Wolfgang
Author-X-Name-Last: Keller
Title: Technology Flows Between Industries: Identification and Productivity Effects
Abstract:
This paper investigates whether the Yale Technology Concordance (YTC)
succeeds in identzbing technology flows between sectors. As a test, total
factor productivity (TFP)-R&D regressions based on the YTC matrix are
compared with regressions using technology flow data constructed fram
input-output matrices and randomly created interindusty linkages. Because
results based on the YTC do not dzffer markedly from the other estimates,
one cannot easily infer @om the empirical evidence whether the YTC matrix
appropriately captures interindusty technology flows or not.
Journal: Economic Systems Research
Pages: 213-219
Issue: 2
Volume: 9
Year: 1997
Keywords: Yale Technology Concordance, total factor productivity, R&D spillovers, input-output data, USA,
X-DOI: 10.1080/09535319700000015
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Handle: RePEc:taf:ecsysr:v:9:y:1997:i:2:p:213-219
Template-Type: ReDIF-Article 1.0
Author-Name: Robert Evenson
Author-X-Name-First: Robert
Author-X-Name-Last: Evenson
Title: Industrial Productivity Growth Linkages Between OECD Countries, 1970-90
Abstract:
Technology 'spillovers' are increasingly being recognized as sources of
productivity growth. International 'convergence' in productivity levels
has also been noted in recent studies. This paper reports a study of
international total factor productivity (TFP) growth for 11 industrial
sectors in seven OECD countries. Spillover variables are defined based on
interindusty and international invention input-output (I(IO)) weights.
These variables are tested against import-weighted variables. The study
concludes that I(IO)-weighted R&D 'spill-ins' are important determinants
of TFP growth and that convergence is dependent on domestic RBD.
Journal: Economic Systems Research
Pages: 221-230
Issue: 2
Volume: 9
Year: 1997
Keywords: Total factor productivity, R&D spillovers, input-output data, OECD,
X-DOI: 10.1080/09535319700000016
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Handle: RePEc:taf:ecsysr:v:9:y:1997:i:2:p:221-230
Template-Type: ReDIF-Article 1.0
Author-Name: Heinz Kurz
Author-X-Name-First: Heinz
Author-X-Name-Last: Kurz
Author-Name: Neri Salvadori
Author-X-Name-First: Neri
Author-X-Name-Last: Salvadori
Title: Exhaustible Resources in a Dynamic Input-Output Model with 'Classical' Features
Abstract:
This paper discusses the problem of exhaustible resources in a dynamic
input-output model with 'classical' features. Both the quantity side and
the price and distribution side are discussed. The argument is developed
using the simplifying assump- tions that there is no technical progress
and that no new deposits of the exhaustible resources are discovered. To
avoid the ' end-of-world' scenario, it is assumed that there is a
'backstop technology': this implies that exhaustible resources are useful
but not necessary in the production and reproduction of commodities. A
necessary and sufficient condition for the existence of paths of prices,
quantities produced, and stocks of resources converging to the
ultralong-period position is determined, provided that the backstop
technology exhibits some appropriate properties. In addition, an algorithm
to determine these paths is suggested. A numerical example illustrates the
findings.
Journal: Economic Systems Research
Pages: 235-252
Issue: 3
Volume: 9
Year: 1997
Keywords: Dynamic input-output model, exhaustible resources, cost minimization, backstop technology,
X-DOI: 10.1080/09535319700000017
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Template-Type: ReDIF-Article 1.0
Author-Name: Andras Brody
Author-X-Name-First: Andras
Author-X-Name-Last: Brody
Title: The Second Eigenvalue of the Leontief Matrix
Abstract:
According to Frobenius, a positive matrix possesses a unique positive
eigenvector which belongs to a positive eigenvalue. This eigenvalue is of
the largest absolute magnitude and the matrix admits no other positive
eigenvector. If an arbitrary positive vector is repeatedly premultiplied
by such a matrix, then the result tends towards this positive eigenvector.
It is the second largest eigenvalue that determines the speed of
convergence. The estimate of the second eigenvalue of a purely random flow
coefficient matrix shows that its expected absolute magnitude declines
monotonically with the size of the matrix. Hence, the larger the system is
the faster is the convergence. A prescribed exactness of the eigenvector
(of equilibrium prices or quantities) will be reached after a
few—perhaps just a couple of—iterations in a large system.
Journal: Economic Systems Research
Pages: 253-258
Issue: 3
Volume: 9
Year: 1997
Keywords: Equilibrium, convergence stability, market,
X-DOI: 10.1080/09535319700000018
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Handle: RePEc:taf:ecsysr:v:9:y:1997:i:3:p:253-258
Template-Type: ReDIF-Article 1.0
Author-Name: Paul De Boer
Author-X-Name-First: Paul
Author-X-Name-Last: De Boer
Title: On the Relationship between Input-Output Coefficients and Hanoch's Linear Homogeneous Constant Differences of Elasticities of Substitution Production Function
Abstract:
Tilanus's 'mixed' input-output coefficients are generalized and it is
shown that the generalized coefficients stand in a fixed proportion to
each other if and only if the technology is described by Hanoch 's linear
homogeneous constant differences of elasticities of substitution
production function.
Journal: Economic Systems Research
Pages: 259-264
Issue: 3
Volume: 9
Year: 1997
Keywords: Input-output coefficients, HCDES production function,
X-DOI: 10.1080/09535319700000019
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Handle: RePEc:taf:ecsysr:v:9:y:1997:i:3:p:259-264
Template-Type: ReDIF-Article 1.0
Author-Name: Michael Sonis
Author-X-Name-First: Michael
Author-X-Name-Last: Sonis
Author-Name: Geoffrey Hewings
Author-X-Name-First: Geoffrey
Author-X-Name-Last: Hewings
Author-Name: Sri Sulistyowati
Author-X-Name-First: Sri
Author-X-Name-Last: Sulistyowati
Title: Block Structural Path Analysis: Applications to Structural Changes in the Indonesian Economy
Abstract:
The compilation of several social accounting matrices for Indonesia has
enabled the analysis of some important aspects of the structure of the
Indonesian economy. In the present paper, the analysis that has been
conducted with structural path methods will be enhanced through the
identification of a block structure for the technique. This block
structural path analysis is offered as a complement to—not a
replacement for—the traditional applications of this method. A new
form of triple decomposition of the social accounting matrix inverse is
offered to assist in identifying important changes in the structure of the
Indonesian economy for 1975, 1980 and 1985.
Journal: Economic Systems Research
Pages: 265-280
Issue: 3
Volume: 9
Year: 1997
Keywords: Structural path analysis, social accounting matrices, decomposition anal- ysis, Indonesia,
X-DOI: 10.1080/09535319700000020
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Handle: RePEc:taf:ecsysr:v:9:y:1997:i:3:p:265-280
Template-Type: ReDIF-Article 1.0
Author-Name: Roberto De Santis
Author-X-Name-First: Roberto
Author-X-Name-Last: De Santis
Author-Name: H. Gazi Ozhan
Author-X-Name-First: H. Gazi
Author-X-Name-Last: Ozhan
Title: Social Accounting Matrix for Turkey 1990
Abstract:
Journal: Economic Systems Research
Pages: 281-285
Issue: 3
Volume: 9
Year: 1997
X-DOI: 10.1080/09535319700000021
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Handle: RePEc:taf:ecsysr:v:9:y:1997:i:3:p:281-285
Template-Type: ReDIF-Article 1.0
Author-Name: Terry Barker
Author-X-Name-First: Terry
Author-X-Name-Last: Barker
Title: Books and News
Abstract:
Journal: Economic Systems Research
Pages: 287-288
Issue: 3
Volume: 9
Year: 1997
X-DOI: 10.1080/09535319700000022
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Handle: RePEc:taf:ecsysr:v:9:y:1997:i:3:p:287-288
Template-Type: ReDIF-Article 1.0
Author-Name: Andras Brody
Author-X-Name-First: Andras
Author-X-Name-Last: Brody
Title: Books and News
Abstract:
Journal: Economic Systems Research
Pages: 289-290
Issue: 3
Volume: 9
Year: 1997
X-DOI: 10.1080/09535319700000023
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Handle: RePEc:taf:ecsysr:v:9:y:1997:i:3:p:289-290
Template-Type: ReDIF-Article 1.0
Author-Name: Victor Bulmer-thomas
Author-X-Name-First: Victor
Author-X-Name-Last: Bulmer-thomas
Title: Books and News
Abstract:
Journal: Economic Systems Research
Pages: 291-291
Issue: 3
Volume: 9
Year: 1997
X-DOI: 10.1080/09535319700000024
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Handle: RePEc:taf:ecsysr:v:9:y:1997:i:3:p:291-291
Template-Type: ReDIF-Article 1.0
Author-Name: Gulay Gunluk-Senesen
Author-X-Name-First: Gulay
Author-X-Name-Last: Gunluk-Senesen
Author-Name: Benan Zeki Orbay
Author-X-Name-First: Benan Zeki
Author-X-Name-Last: Orbay
Title: Books and News
Abstract:
Journal: Economic Systems Research
Pages: 291-293
Issue: 3
Volume: 9
Year: 1997
X-DOI: 10.1080/09535319700000025
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Template-Type: ReDIF-Article 1.0
Author-Name: Kenneth Reinert
Author-X-Name-First: Kenneth
Author-X-Name-Last: Reinert
Title: Books and News
Abstract:
Journal: Economic Systems Research
Pages: 293-294
Issue: 3
Volume: 9
Year: 1997
X-DOI: 10.1080/09535319700000026
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Handle: RePEc:taf:ecsysr:v:9:y:1997:i:3:p:293-294
Template-Type: ReDIF-Article 1.0
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Title: Books and News
Abstract:
Journal: Economic Systems Research
Pages: 294-297
Issue: 3
Volume: 9
Year: 1997
X-DOI: 10.1080/09535319700000027
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Handle: RePEc:taf:ecsysr:v:9:y:1997:i:3:p:294-297
Template-Type: ReDIF-Article 1.0
Author-Name: Sergio Rey
Author-X-Name-First: Sergio
Author-X-Name-Last: Rey
Title: Coefficient Change in Embedded Econometric and Input-Output Models at the Regional Level
Abstract:
This paper examines the nature of coefficient change in integrated
econometric (EC) and input-output (IO) models that employ an embedding
strategy. Existing approaches towards coefficient change in integrated
models are first reviewed and several substantive processes that give rise
to dynamic coefficients at the regional level are identified. The main
sources of coefficient change arise from dynamic adjustment processes that
affect the regional purchase coefficients, regional technological
coefficients and regional integration parameters. Each of these sources of
change requires a different treatment when adopting an EC perspective. A
general framework is suggested that nests each treatment as a specific
case. The different specifications are then implemented in an embedded EC
and IO employment demand model for the San Diego region, and evaluated
through a series of in-sample and out-of-sample forecasting experiments.
Simulation performance is found to improve through the use of a
time-varying integra tion parameter. The results also indicate that model
performance is more sensitive to the use of dynamic regional purchase
coefficients than to the use of dynamic technical coefficients.
Journal: Economic Systems Research
Pages: 307-330
Issue: 4
Volume: 9
Year: 1997
Keywords: Integrated, econometric, input-output model, coefficient change,
X-DOI: 10.1080/09535319700000029
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Handle: RePEc:taf:ecsysr:v:9:y:1997:i:4:p:307-330
Template-Type: ReDIF-Article 1.0
Author-Name: Bruno Van Pottelsberghe De La Potterie
Author-X-Name-First: Bruno Van Pottelsberghe
Author-X-Name-Last: De La Potterie
Title: Issues in Assessing the Effect of Interindustry R&D Spillovers
Abstract:
This paper aims to clarify three issues concerning the weighting methodol
ogy generally used to evaluate interindustry R&D spillovers. These issues
concern the likely nature of the spillovers estimated through different
types of supporting matrices; the similarity between input-output (IO),
technology flows and technological proximity matrices; and the relevance
of the assumption that a single matrix can be used for different
countries. Data analyses of weighting components show that technology
flows matrices are in an intermediate position between IO matrices and
technological proximity matrices, but closer to the former. The various IO
matrices, as well as the three technological proximity matrices, are very
similar to each other. The panel data estimates of the effect of different
types of interindustry R&D spillovers on industrial productivity growth in
the G7 countries reject the hypotheses that a technology flows matrix can
be approximated by an IO matrix and that a single IO matrix can be usedfor
different countries. By transitivity, the procedure that comprises using a
single technology flow for several countries is not reliable. The
international comparison shows that each country benefits from different
types of R&D externality. In Japan and, to a lesser extent, in the US, the
rate of return to direct R&D is very high and is likely to compensate for
relatively weak interindustry R&D spillover effects. In the five other
industrialized countries, the reverse observation is true: strong social
rates of return to R&D counterbal ance the poor performances of direct
R&D.
Journal: Economic Systems Research
Pages: 331-356
Issue: 4
Volume: 9
Year: 1997
Keywords: Interindustry R&D spillovers, rate of return to R&D, social return to R&D, international comparison, panel data analysis,
X-DOI: 10.1080/09535319700000030
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Template-Type: ReDIF-Article 1.0
Author-Name: Christian Lager
Author-X-Name-First: Christian
Author-X-Name-Last: Lager
Title: Treatment of Fixed Capital in the Sraffian Framework and in the Theory of Dynamic Input-Output Models
Abstract:
This paper is concerned with a comparison of the treatment of fixed
capital in some multi-sectoral models. First, the dynamic Leontief model
is investigated. Scrutiny shows that this model suffers from conceptual
misconceptions which result from restrictive assumptions concerning
full-capacity production and the transferability of capital in place, and
from the definition of technical coefficients. Whereas most input-output
(IO) models are based on the assumption of infinite life of fixed capital,
the Sraffian concept is to treat used fixed capital items as
'intermediate' goods, which appear as joint products until they are worn
out. To compare that approach with some IO models, an application of the
concept of a 'plant' is provided. Finally, it is demonstrated that
Leontief's model, as well as some recent generalizations, are special
cases of a Sraffa-von Neumann type of model.
Journal: Economic Systems Research
Pages: 357-374
Issue: 4
Volume: 9
Year: 1997
Keywords: Multi-sectoral growth, fixed capital, dynamic Leontief model, Sraffa, von Neumann,
X-DOI: 10.1080/09535319700000031
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Handle: RePEc:taf:ecsysr:v:9:y:1997:i:4:p:357-374
Template-Type: ReDIF-Article 1.0
Author-Name: Graham Treloar
Author-X-Name-First: Graham
Author-X-Name-Last: Treloar
Title: Extracting Embodied Energy Paths from Input-Output Tables: Towards an Input-Output-based Hybrid Energy Analysis Method
Abstract:
Embodied energy is defined as the energy consumed in all activities
necessary to support a process, including upstream processes. The Leontief
inverse input-output (IO) matrix gives results that are practically
complete, because of the aggregation of direct and indirect requirements,
but which are also unreliable, because of inherent assumptions. Although
accurate for the system boundary considered, process analysis results are
incomplete relative to the pure IO system boundary. Attempts to combine
process and IO analysis tend to be based on process analysis data. The
system boundary is still significantly incomplete—although not as
incomplete as for pure process analysis. An IO-based hybrid analysis
technique that requires the extraction of particular paths from the direct
IO matrix has been developed. The potential for embodied energy paths to
be used as the basis for a hybrid analysis of the Australian residential
building sector is discussed. The results indicate that less than
three-quarters of the total embodied energy of this sector is likely to be
able to be validated, because of the complexity of the embodied energy
paths.
Journal: Economic Systems Research
Pages: 375-391
Issue: 4
Volume: 9
Year: 1997
Keywords: Leontief inverse, energy analysis, hybrid analysis, particular paths,
X-DOI: 10.1080/09535319700000032
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Handle: RePEc:taf:ecsysr:v:9:y:1997:i:4:p:375-391
Template-Type: ReDIF-Article 1.0
Author-Name: Jan Oosterhaven
Author-X-Name-First: Jan
Author-X-Name-Last: Oosterhaven
Author-Name: Jan Van Der Linden
Author-X-Name-First: Jan
Author-X-Name-Last: Van Der Linden
Title: European Technology, Trade and Income Changes for 1975-85: An Intercountry Input-Output Decomposition
Abstract:
This paper refines, develops and applies input-output (IO) decomposition
analysis: by providing it with a unique intercountry perspective, by
concentrating on explaining income growth, and by systematically
separating the effects of trade structure changes from the effects of
technology and preference changes. The resulting matrix formula
distinguishes six components and is applied to a set of European Community
(EC) intercountry IO tables for 1975 and 1985 with 25 sectors and eight EC
countries. Because GDP growth is analyzed in nominal terms, macro-economic
demand growth is found to be the most important component. The other five
components relate to the effects of coefficient changes. Their sizes are
smaller, but significant and widely different between sectors and
countries, which shows that there is clear potential for effective sector
policies.
Journal: Economic Systems Research
Pages: 393-412
Issue: 4
Volume: 9
Year: 1997
Keywords: Technological change, trade structure, income growth, decomposition analysis, European Community,
X-DOI: 10.1080/09535319700000033
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Handle: RePEc:taf:ecsysr:v:9:y:1997:i:4:p:393-412
Template-Type: ReDIF-Article 1.0
Author-Name: Rainer Voβkamp
Author-X-Name-First: Rainer
Author-X-Name-Last: Voβkamp
Title: Book Reviews
Abstract:
Journal: Economic Systems Research
Pages: 413-415
Issue: 4
Volume: 9
Year: 1997
X-DOI: 10.1080/09535319700000034
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Handle: RePEc:taf:ecsysr:v:9:y:1997:i:4:p:413-415
Template-Type: ReDIF-Article 1.0
Author-Name: Karen Polenske
Author-X-Name-First: Karen
Author-X-Name-Last: Polenske
Title: Foreword: 10th Volume of Economic Systems Research Journal of the International Input-Output Association
Abstract:
Journal: Economic Systems Research
Pages: 1-2
Issue: 1
Volume: 10
Year: 1998
X-DOI: 10.1080/09535319800000001
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Template-Type: ReDIF-Article 1.0
Author-Name: Christian Bidard
Author-X-Name-First: Christian
Author-X-Name-Last: Bidard
Author-Name: Guido Erreygers
Author-X-Name-First: Guido
Author-X-Name-Last: Erreygers
Title: The Adjustment Property
Abstract:
An input-output (IO) system which is capable of producing any
semi-positive net product by an adequate choice of the activity levels of
its processes satisfies the 'adjustment' property. We analyze under which
conditions the adjustment property holds for IO systems in which some
produced goods have a purely intermediate character. The peculiarity of
these pure capital goods is that final demand for them is identically
zero. One of the ways to deal with this type of system is to eliminate the
pure capital goods, by means of vertical integration.
Journal: Economic Systems Research
Pages: 3-18
Issue: 1
Volume: 10
Year: 1998
Keywords: Input-output systems, fixed capital, vertical integration, non-substitution,
X-DOI: 10.1080/09535319800000002
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Template-Type: ReDIF-Article 1.0
Author-Name: Goran Ostblom
Author-X-Name-First: Goran
Author-X-Name-Last: Ostblom
Title: The Environmental Outcome of Emissions-intensive Economic Growth: A Critical Look at Official Growth Projections for Sweden up to the Year 2000
Abstract:
Implications for carbon dioxide, sulphur dioxide and nitrogen oxides
emissions from the Swedish government's medium-term economic projections
are assessed, considering Sweden's environmental goals. Data from the
first environmental accounting matrix of Sweden are exploited within the
framework of the interindustry model to give emission multipliers for
various components of aggregate demand. In view of these emission
multipliers, it is evident that the outlined macro-economic development
does not conform with Sweden's environmental goals. The oil price and the
structural changes assumed in the economic projections stress still
further the need for strong environmental policy measures to attain the
emission goals. The allocation of total expenditure is shown here to be a
critical factor for bringing down the emissions to accepted levels.
Journal: Economic Systems Research
Pages: 19-30
Issue: 1
Volume: 10
Year: 1998
Keywords: Emission multipliers, macro-economic projections, emission/GDP ratio, environmental goals,
X-DOI: 10.1080/09535319800000003
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Template-Type: ReDIF-Article 1.0
Author-Name: B. Cabrer
Author-X-Name-First: B.
Author-X-Name-Last: Cabrer
Author-Name: D. Contreras
Author-X-Name-First: D.
Author-X-Name-Last: Contreras
Author-Name: A. Sancho
Author-X-Name-First: A.
Author-X-Name-Last: Sancho
Title: Prices Revisited: Their Effects on Industrial Structure
Abstract:
In January 1986, Spain became a member of the European Economic Community
(now the European Union). This had two major effects on the Spanish
economy: first, the introduction of a new tax, i. e. value-added tax;
second, the variation of foreign trade taxes. The new situation produced
considerable changes throughout the Spanish economy, but the main effect
was on the country's industrial structure. Therefore, the objective of
this paper is to verify how Spain's industrial production system was
affected by these two facts, in view of price variations induced by the
circumstances mentioned. We present the analysis at the regional level.
Journal: Economic Systems Research
Pages: 31-44
Issue: 1
Volume: 10
Year: 1998
Keywords: Industrial structure, import goods, price effect, productive process,
X-DOI: 10.1080/09535319800000004
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Template-Type: ReDIF-Article 1.0
Author-Name: Kazuyuki Motohashi
Author-X-Name-First: Kazuyuki
Author-X-Name-Last: Motohashi
Title: How Japan-US Economic Interdependence Changed from 1985 to 1990: Some Findings from Price-adjusted MITI Intercountry Input-Output Tables
Abstract:
This paper consists of two parts. First, constant-price Japan-US
intercountry input-output (IO) tables are compiled, based on Japan-US IO
tables of the Ministry of International Trade and Industry (MITI) for 1985
and 1990, and the relative producer prices of both countries, which are
estimated by the 'peeling off' method from OECD purchasing power parity
data. Second, a factor decomposition analysis is carried out to show
changes in Japan-US economic interdependence between 1985 and 1990. The
Leontief inverse matrices of intercountry IO tables are decomposed into
three matrices, which reflect domestic repercussion effects, spillover
effects to the other country and feedback effects of own final demand from
the other country. Then, a traditional decomposition analysis of changes
in production for both countries is applied to see how both countries'
economic interdependence changed. It is found that Japan-US economic
interdependence moved from a pattern of Japan's dependence on the US to an
almost equally interdependent pattern, although the degree of dependence
was still higher in Japan in 1990. At the same time, there are significant
industrial structural changes in the relationship between both countries,
as a result of the significant appreciation of the yen relative to the
dollar from 1985 to 1990.
Journal: Economic Systems Research
Pages: 45-63
Issue: 1
Volume: 10
Year: 1998
Keywords: Multinational input-output tables, intercountry price adjustment, trade structure, Japan, US,
X-DOI: 10.1080/09535319800000005
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Template-Type: ReDIF-Article 1.0
Author-Name: Mun-Heng Toh
Author-X-Name-First: Mun-Heng
Author-X-Name-Last: Toh
Title: The RAS Approach in Updating Input-Output Matrices: An Instrumental Variable Interpretation and Analysis of Structural Change
Abstract:
The main purposes of the paper are to reconsider the rationale of the RAS
method, and to attempt to improve on its interpretation and usefulness.
The substitution and fabrication factors in the RAS method are interpreted
as statistical estimates obtained by the method of instrumental variables.
This enables the computation of asymptotic standard errors for the factors
and the relative precision of the predicted technical coefficients.
Furthermore, an adjustment cost minimization model to describe how a
sector determines its substitution and fabrication factors is presented.
The solutions of the model provide another rationale for the RAS method,
and the associated Lagrangian multipliers can be useful for assessing
structural constraints and structural change.
Journal: Economic Systems Research
Pages: 63-78
Issue: 1
Volume: 10
Year: 1998
Keywords: RAS method, instrumental variables, sectoral optimization model, Lagrange multipliers, relative precision of coefficients,
X-DOI: 10.1080/09535319800000006
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Template-Type: ReDIF-Article 1.0
Author-Name: Gyorgy Molnar
Author-X-Name-First: Gyorgy
Author-X-Name-Last: Molnar
Author-Name: Andras Simonovits
Author-X-Name-First: Andras
Author-X-Name-Last: Simonovits
Title: The Subdominant Eigenvalue of a Large Stochastic Matrix
Abstract:
Using intuition and computer experimentation, Brady conjectured that the
ratio of the subdominant eigenvalue to the dominant eigenvalue of a
positive random matrix (with identically and independently distributed
entries) converges to zero when the number of the sectors tends to
infinity. In this paper, we discuss the deterministic case and, among
other things, prove the following version of this conjecture: if each
entry of the matrix deviates from 1/n by at most θ/n1+е, then
the modulus of the subdominant root is at most θ/nе where
θ and ε are arbitrary positive real parameters.
Journal: Economic Systems Research
Pages: 79-82
Issue: 1
Volume: 10
Year: 1998
Keywords: Convergence, large systems, stochastic matrices,
X-DOI: 10.1080/09535319800000007
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Handle: RePEc:taf:ecsysr:v:10:y:1998:i:1:p:79-82
Template-Type: ReDIF-Article 1.0
Author-Name: Osmo Forssell
Author-X-Name-First: Osmo
Author-X-Name-Last: Forssell
Author-Name: Karen Polenske
Author-X-Name-First: Karen
Author-X-Name-Last: Polenske
Title: Introduction: Input-Output and the Environment
Abstract:
Journal: Economic Systems Research
Pages: 91-97
Issue: 2
Volume: 10
Year: 1998
X-DOI: 10.1080/09535319808565468
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Handle: RePEc:taf:ecsysr:v:10:y:1998:i:2:p:91-97
Template-Type: ReDIF-Article 1.0
Author-Name: Mette Wier
Author-X-Name-First: Mette
Author-X-Name-Last: Wier
Title: Sources of Changes in Emissions from Energy: A Structural Decomposition Analysis
Abstract:
This paper explores the anatomy of Danish energy consumption and
emissions of carbon dioxide (CO2), sulphur dioxide (SO,) and nitrogen
oxides (NO,). Changes in emissions between 1966 and 1988 were investigated
using input-output structural decomposition analysis. Production-based
emissions have undergone substantially greater changes than have private
consumption emissions, and the increased level of final demand explains
most of this development. Although the level of CO2 emissions has risen
proportionally to energy consumption, the NO, emissions level has
increased relatively more and the SO, emissions level has declined
considerably. There are several reasons for these developments, the main
reason being changes in fuel mix in the energy-supply sector. Energy
conservation has been implemented throughout the economy-with the
important exception of transportation fuel. In most sectors and all demand
categories, there has been a shift towards less energy-intensive
composition of inputs and commodities. Both effects have considerably
reduced emissions, but this has been outweighed by economic growth, which
has required energy for further production throughout the whole period
studied.
Journal: Economic Systems Research
Pages: 99-112
Issue: 2
Volume: 10
Year: 1998
Keywords: Energy and energy-related emissions of CO2, SO, and NO, structural decomposition analysis, input-output modelling,
X-DOI: 10.1080/09535319808565469
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Template-Type: ReDIF-Article 1.0
Author-Name: Glenn-Marie Lange
Author-X-Name-First: Glenn-Marie
Author-X-Name-Last: Lange
Title: Applying an Integrated Natural Resource Accounts and Input-Output Model to Development Planning in Indonesia
Abstract:
Natural resource accounts (NRA) can provide an effective tool for linking
information about the environment and the economy. However, because NRA
are quite new, their contribution to policy-making is not yet well
established. This paper provides an example of how NRA can be used for
policy analysis based on work conducted in Indonesia. An
environmental-economic model is constructed by integrating the NRA with a
30-sector, dynamic input-output model. To assess the environmental
implications of Indonesia's second long-term development plan, six
alternative scenarios of ways to achieve the objectives of the plan were
constructed for the period 1984-2020. These scenarios were based on
combinations of assumptions about rates of economic growth and
technological change, especially where this growth or change affects
resource use. Economic and environmental results of the alternative
scenarios are discussed.
Journal: Economic Systems Research
Pages: 113-134
Issue: 2
Volume: 10
Year: 1998
Keywords: Natural resource accounts, dynamic input-output model, environmental-economic model, Indonesia,
X-DOI: 10.1080/09535319808565470
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Handle: RePEc:taf:ecsysr:v:10:y:1998:i:2:p:113-134
Template-Type: ReDIF-Article 1.0
Author-Name: Zhongxiang Zhang
Author-X-Name-First: Zhongxiang
Author-X-Name-Last: Zhang
Title: Macro-economic and Sectoral Effects of Carbon Taxes: A General Equilibrium Analysis for China
Abstract:
This paper analyzes the macro-economic and sectoral effects of carbon
taxes imposed to achieve predefined carbon dioxide (CO2) emission targets
for China, by using a dynamic computable general equilibrium model of the
Chinese economy. Following a brief introduction of the model, the baseline
scenario for the Chinese economy until 2010 is developed under a set of
assumptions about the exogenous variables. Next, the paper analyzes the
economic implications of two less restrictive scenarios under which
China's CO2 emissions in 2010 are cut by 20% and 30%, respectively,
relative to the baseline, assuming that carbon tax revenues are retained
by the government. Then, the efficiency improvements are computed for four
indirect tax-offset scenarios relative to the two tax-retention scenarios
already considered. The paper ends with some remarks on constructing a
social accounting matrix for China and suggestions for further work to
enrich the policy relevance of this study.
Journal: Economic Systems Research
Pages: 135-159
Issue: 2
Volume: 10
Year: 1998
Keywords: Carbon dioxide emissions, carbon tax, China, computable general equilib-rium model,
X-DOI: 10.1080/09535319808565471
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Handle: RePEc:taf:ecsysr:v:10:y:1998:i:2:p:135-159
Template-Type: ReDIF-Article 1.0
Author-Name: Klaus Conrad
Author-X-Name-First: Klaus
Author-X-Name-Last: Conrad
Author-Name: Tobias Schmidt
Author-X-Name-First: Tobias
Author-X-Name-Last: Schmidt
Title: Economic Effects of an Uncoordinated Versus a Coordinated Carbon Dioxide Policy in the European Union: An Applied General Equilibrium Analysis
Abstract:
The objective of this paper is to quantify the economic effects of
introducing carbon-reduction policies in the European Union (EU). For this
purpose, we use linked applied general equilibrium (AGE) models for 11 EU
member countries. This method enables us to measure the change in
competitiveness for domestic industries; the effect on growth, employment
and inflation in member countries; and the costs and benefits of a
coordinated versus an uncoordinated approach to adhere to an EU target of
carbon dioxide (CO2) emissions. Unemployment is high in the EU, and many
economists believe that this problem as well as global warming can be
solved by a CO2 tax, where tax revenues are used to reduce employers'
contributions to social insurance. Then, hopefully, a'double dividend will
result for the environment as well as for the labor market. In one
simulation, each country implements a CO2 tax to limit CO2 emissions by
10%. As an alternative to this uncoordinated approach, we calculated an
overall CO2 tax for the EU to limit the CO2 emissions of the EU by 10%. We
will measure the effects on the labor market, on economic performance and
on trade flows under the uncoordinated CO2 policy, and will compare the
results with the coordinated CO2 policy of an overall CO2 reduction for
the EU.
Journal: Economic Systems Research
Pages: 161-182
Issue: 2
Volume: 10
Year: 1998
Keywords: Applied general equilibrium, global warming, carbon dioxide tax, policy coordination, European Union,
X-DOI: 10.1080/09535319808565472
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Template-Type: ReDIF-Article 1.0
Author-Name: Osmo Forssell
Author-X-Name-First: Osmo
Author-X-Name-Last: Forssell
Title: Extending Economy-wide Models with Environment-related Parts
Abstract:
The aims of this paper are to review and discuss the state-of-the-art in
some applied general equilibrium models, and to analyze what kinds of
variables and modules should be included in an integrated environmental
and economic model. The environment-economy framework is discussed A
system of integrated environmental and economic accounting will improve
the basic description frame and supply a database for constructing
integrated environmental-economic models. Data on natural assets and their
functions for human society, such as raw materials, a sink to absorb and
recycle waste products, and other environmental services, are then
essential. The valuation of the economic use of natural assets is
problematic, because they often have non-market values. Measurements which
include physical units, non-market valuation, optimal values and non-use
values are outlined. A general equilibrium approach for environmental
economics provides a conceptual theoretical framework for the construction
of integrated environmental-economic models. Extensions of input-output
models to represent interactions between the environ-ment and the economy
provide an empirically oriented approach. Advanced large-scale models
could integrate these two kinds of framework. How these kinds of models
have succeeded in practice is considered in a review of a sample of
models. Finally, possible extensions to the models are considered
Journal: Economic Systems Research
Pages: 183-199
Issue: 2
Volume: 10
Year: 1998
Keywords: Environment-economy framework, large-scale environmental-energy-economy equilibrium models,
X-DOI: 10.1080/09535319808565473
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Handle: RePEc:taf:ecsysr:v:10:y:1998:i:2:p:183-199
Template-Type: ReDIF-Article 1.0
Author-Name: Christian Lager
Author-X-Name-First: Christian
Author-X-Name-Last: Lager
Title: Prices of Goods' and 'Bads': An Application of the Ricardian Theory of Differential Rent
Abstract:
Pollutants, wastes and scrap appear as joint products of consumption or
production processes. Leontief and other authors extend input-output (IO)
tables such that additional products and industries, respectively, account
for pollutants and abatement activities; they also analyze the effects of
pollution control policies, by means of traditional IO methods. This
approach does not account for choice of technique and, therefore, neglects
the possibility of substitution. This paper proposes to utilize Ricardo's
theory of differential rent, which is based on the possibility of
coexisting technical alternatives.
Journal: Economic Systems Research
Pages: 203-223
Issue: 3
Volume: 10
Year: 1998
Keywords: Pollution and cost of abatement, Ricardian rent, choice of technique,
X-DOI: 10.1080/762947108
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Handle: RePEc:taf:ecsysr:v:10:y:1998:i:3:p:203-223
Template-Type: ReDIF-Article 1.0
Author-Name: Randall Jackson
Author-X-Name-First: Randall
Author-X-Name-Last: Jackson
Title: Regionalizing National Commodity-by-Industry Accounts
Abstract:
Exended input-output (IO) models are increasingly prominent in regional
economic analysis. Social accounting matrices and associated multiplier
decompositions, IO econometric model hybrids and computable general
equilibrium models are finding greater acceptance in contexts in which
simple IO models once dominated. Although the extended regional models
build primarily on the foundation of regional, interindustry accounting
frameworks, the data from which these regional accounts are drawn are most
commonly in the form of a national commodity-by-industry account. Despite
this longstanding fact, the IO table adaptation literature has focused
almost solely on methods of adapting national interindustry accounts to
regional economies. This paper presents a method designed specifically to
regionalize commodity-by-industry accounts, in the context of the US
reporting system. The focus on commodity-by-industry data demands a
confrontation with several important issues that otherwise might go
unattended. Using a particular system and its accompanying classification
scheme ensures a comprehensive and consistent regionalization method.
Journal: Economic Systems Research
Pages: 223-238
Issue: 3
Volume: 10
Year: 1998
Keywords: Regional accounts, input-output, commodity-by-industry,
X-DOI: 10.1080/762947109
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Handle: RePEc:taf:ecsysr:v:10:y:1998:i:3:p:223-238
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Author-Name: Tim Dowd
Author-X-Name-First: Tim
Author-X-Name-Last: Dowd
Author-Name: Ralph Monaco
Author-X-Name-First: Ralph
Author-X-Name-Last: Monaco
Author-Name: Jeffry Janoska
Author-X-Name-First: Jeffry
Author-X-Name-Last: Janoska
Title: Effects of Future Demographic Changes on the US Economy: Evidence from a Long-term Simulation Model
Abstract:
Demographics, especially the size and the age composition of the
population, contribute substantially to the growth and structure of any
economy. Over the next 55 years, the age composition of the US population
will change dramatically, as the post-World War II 'baby boom' ages into
retirement. In this paper, we use a long-term interindustry macro model of
the US economy to examine how the age composition of the US population
affects overall economic growth as well as the output/employment structure
of the economy. We find that the system of funding government commitments
to pension and medical care for the elderly is a primary channel through
which demographic effects translate into economic effects.
Journal: Economic Systems Research
Pages: 239-262
Issue: 3
Volume: 10
Year: 1998
Keywords: Demographics, long-term projections, consumer spending, age structure,
X-DOI: 10.1080/762947110
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Handle: RePEc:taf:ecsysr:v:10:y:1998:i:3:p:239-262
Template-Type: ReDIF-Article 1.0
Author-Name: Santadas Ghosh
Author-X-Name-First: Santadas
Author-X-Name-Last: Ghosh
Author-Name: Joyashree Roy
Author-X-Name-First: Joyashree
Author-X-Name-Last: Roy
Title: Qualitative Input-Output Analysis of the Indian Economic Structure
Abstract:
Qualitative input-output (IO) analysis can be considered mostly in terms
of a graph-theoretic formulation, which involves the construction and use
of an adjacency matrix, derived from a binary transformation of the IO
coefficient matrix. Classical attempts at qualitative IO analysis have
derived the structure from the direct IO coefficient table. In more recent
attempts, greater sophistication has been achieved by incorporating a
degree of quantification into the qualitative analysis. Also, the concept
of important coefficients (IC) has been used for the construction of the
adjacency matrix. The present study is carried out along these lines for
the Indian economy.
Journal: Economic Systems Research
Pages: 263-274
Issue: 3
Volume: 10
Year: 1998
Keywords: Graph theory, adjacency matrix, important coefficient, centrality index,
X-DOI: 10.1080/762947111
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Handle: RePEc:taf:ecsysr:v:10:y:1998:i:3:p:263-274
Template-Type: ReDIF-Article 1.0
Author-Name: Thijs ten Raa
Author-X-Name-First: Thijs ten
Author-X-Name-Last: Raa
Author-Name: Pieter Kop Jansen
Author-X-Name-First: Pieter Kop
Author-X-Name-Last: Jansen
Title: Bias and Sensitivity of Multipliers
Abstract:
Multipliers measure the derivatives of endogenous variables with respect
to exogenous shocks and are functions of the structural parameters of an
economic model. Substitution of the structural parameter estimates yields
a so-called derived estimate for a multiplier or any reduced-form
parameter. Derived estimates are biased. This paper presents first-order
approximations to the biases and sensitivities of multipliers. The good
performance of a flawed formula in input-output analysis is illuminated.
Journal: Economic Systems Research
Pages: 275-284
Issue: 3
Volume: 10
Year: 1998
Keywords: Multipliers, bias, input-output analysis,
X-DOI: 10.1080/762947112
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Handle: RePEc:taf:ecsysr:v:10:y:1998:i:3:p:275-284
Template-Type: ReDIF-Article 1.0
Author-Name: Stanisław Białas
Author-X-Name-First: Stanisław
Author-X-Name-Last: Białas
Author-Name: Henryk Gurgul
Author-X-Name-First: Henryk
Author-X-Name-Last: Gurgul
Title: On Hypothesis about the Second Eigenvalue of the Leontief Matrix
Abstract:
If an arbitrarily positive eigenvector is repeatedly premultiplied by a
positive matrix, then the result tends towards a unique, positive
(Frobenius) eigenvector. Brady has demonstrated that the expected absolute
magnitude of the estimate of the second largest eigenvalue of a positive
random matrix (with identically and independently distributed entries)
declines monotonically with the increasing size of the matrix. Hence, the
larger the system is, the faster is the convergence. Molnar and Simonovits
examined Brady's conjecture in the case where entries of a stochastic
matrix are close to 1/n. We prove this hypothesis for any stochastic and
positive matrix.
Journal: Economic Systems Research
Pages: 285-290
Issue: 3
Volume: 10
Year: 1998
Keywords: Equilibrium, second eigenvalue, convergence,
X-DOI: 10.1080/762947113
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Handle: RePEc:taf:ecsysr:v:10:y:1998:i:3:p:285-290
Template-Type: ReDIF-Article 1.0
Author-Name: Ingrid Kubin
Author-X-Name-First: Ingrid
Author-X-Name-Last: Kubin
Title: Book Reviews
Abstract:
Journal: Economic Systems Research
Pages: 291-291
Issue: 3
Volume: 10
Year: 1998
X-DOI: 10.1080/762947114
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Handle: RePEc:taf:ecsysr:v:10:y:1998:i:3:p:291-291
Template-Type: ReDIF-Article 1.0
Author-Name: Marc Lavoie
Author-X-Name-First: Marc
Author-X-Name-Last: Lavoie
Title: Book Reviews
Abstract:
Journal: Economic Systems Research
Pages: 291-292
Issue: 3
Volume: 10
Year: 1998
X-DOI: 10.1080/762947115
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Handle: RePEc:taf:ecsysr:v:10:y:1998:i:3:p:291-292
Template-Type: ReDIF-Article 1.0
Author-Name: Robert Solow
Author-X-Name-First: Robert
Author-X-Name-Last: Solow
Title: Rereading The Structure of the American Economy
Abstract:
Journal: Economic Systems Research
Pages: 299-306
Issue: 4
Volume: 10
Year: 1998
X-DOI: 10.1080/09535319800000022
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Handle: RePEc:taf:ecsysr:v:10:y:1998:i:4:p:299-306
Template-Type: ReDIF-Article 1.0
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Bart Los
Author-X-Name-First: Bart
Author-X-Name-Last: Los
Title: Structural Decomposition Techniques: Sense and Sensitivity
Abstract:
Structural decomposition techniques are widely used to break down the
growth in some variable into the changes in its determinants. In this
paper, we discuss the problems caused by the existence of a multitude of
equivalent decomposition forms which are used to measure the contribution
of a specific determinant. Although it is well known that structural
decompositions are not unique, the extent of the problem and its
consequences seem to have been largely neglected. In an empirical analysis
for The Netherlands between 1986 and 1992, results are calculated for 24
equivalent decomposition forms. The outcomes exhibit a large degree of
variability across the different forms. We also examine the two approaches
that have been used predominantly in the literature. The average of the
two so-called polar decompositions appears to be remarkably close to the
average of the full set of 24 decompositions. The approximate
decomposition with mid-point weights appears to be almost exact. Although
this last alternative might seem a solution to the problem of the marked
sensitivity, in fact, it only conceals the problem.
Journal: Economic Systems Research
Pages: 307-324
Issue: 4
Volume: 10
Year: 1998
Keywords: Decomposition techniques, input-output framework, sensitivity analysis,
X-DOI: 10.1080/09535319800000023
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Template-Type: ReDIF-Article 1.0
Author-Name: Francis Cronin
Author-X-Name-First: Francis
Author-X-Name-Last: Cronin
Author-Name: Mark Gold
Author-X-Name-First: Mark
Author-X-Name-Last: Gold
Title: Analytical Problems in Decomposing the System-wide Effects of Sectoral Technical Change
Abstract:
The disaggregated structure of input-output (IO) analysis makes it very
attractive in analyzing technical change. Various authors have applied IO
models in comparative static experiments to measure the effects of
observed technical changes in individual industries on economy-wide total
output (or related primary input) requirements. Less often have
researchers performed similar analyses on the effects of changes across
all consuming industries in the productive consumption of a sector's
output, because of the need to append an external analysis of
substitution. Despite the obstacles to joint analyses of sectoral
production and cross-sectoral consumption change, its appeal has long been
recognized. In this paper, an anomaly in such analyses is presented: the
sum of the separate effects of changes in production and changes in
productive consumption does not equal the effects of the joint change. A
comparative static exercise reveals the root cause of the anomaly:
essentially, an index number problem. Empirical analyses are performed
across a comprehensive set of US sectors to estimate the range of
discrepancies.
Journal: Economic Systems Research
Pages: 325-336
Issue: 4
Volume: 10
Year: 1998
Keywords: Technological change, structural change, productivity, system-wide savings, decomposition analysis,
X-DOI: 10.1080/09535319800000024
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Template-Type: ReDIF-Article 1.0
Author-Name: Christoph Weber
Author-X-Name-First: Christoph
Author-X-Name-Last: Weber
Author-Name: Hermann Schnabl
Author-X-Name-First: Hermann
Author-X-Name-Last: Schnabl
Title: Environmentally Important Inter sectoral Flows: Insights from Main Contributions Identification and Minimal Flow Analysis
Abstract:
For the analysis of economic interdependences form an environmental
perspective, a condensation of the information contained in input-output
(IO) tables is desirable, but without much loss of the quantitative
dimension. For the case of total energy requirements, main contributions
identification is presented as an approach that allows a partitioning of
total energy requirements by production layers and (final)
energy-consuming sectors. For this purpose, a mixed monetary-energy IO
model and a partitioning procedure are used. In addition, minimal flow
analysis as a graphical method is used to detect importnant energetic
interconnections. Environmentally Important Intersectoral Flows
Journal: Economic Systems Research
Pages: 337-356
Issue: 4
Volume: 10
Year: 1998
Keywords: Energy, environment, main contributions identification, minimal flow analysis,
X-DOI: 10.1080/09535319800000025
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Template-Type: ReDIF-Article 1.0
Author-Name: Antonio Manresa
Author-X-Name-First: Antonio
Author-X-Name-Last: Manresa
Author-Name: Ferran Sancho
Author-X-Name-First: Ferran
Author-X-Name-Last: Sancho
Author-Name: Josep Maria Vegara
Author-X-Name-First: Josep Maria
Author-X-Name-Last: Vegara
Title: Measuring Commodities' Commodity Content
Abstract:
Within the standard linear framework, a methodology, formally similar to
the labour theory of value, is proposed to compute the direct and indirect
commodity contents of any produced good. The proposal is then compared
with the more familiar social accounting matrix (SAM) accounting
procedure, using an appropriate partitioning of the SAM accounts. Some
numerical results are then obtained and compared using a recently compiled
SAM for Catalonia. The empirical results show the practical feasibility of
the proposed methodology.
Journal: Economic Systems Research
Pages: 357-365
Issue: 4
Volume: 10
Year: 1998
Keywords: Input-output multipliers, SAM multipliers, interdependence, commodity contents,
X-DOI: 10.1080/09535319800000026
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Template-Type: ReDIF-Article 1.0
Author-Name: Jan Oosterhaven
Author-X-Name-First: Jan
Author-X-Name-Last: Oosterhaven
Title: Book Reviews and News
Abstract:
Journal: Economic Systems Research
Pages: 367-368
Issue: 4
Volume: 10
Year: 1998
X-DOI: 10.1080/09535319800000027
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Handle: RePEc:taf:ecsysr:v:10:y:1998:i:4:p:367-368
Template-Type: ReDIF-Article 1.0
Author-Name: Catrinus Jepma
Author-X-Name-First: Catrinus
Author-X-Name-Last: Jepma
Title: Book Reviews and News
Abstract:
Journal: Economic Systems Research
Pages: 369-369
Issue: 4
Volume: 10
Year: 1998
X-DOI: 10.1080/09535319800000028
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Handle: RePEc:taf:ecsysr:v:10:y:1998:i:4:p:369-369
Template-Type: ReDIF-Article 1.0
Author-Name: George Papaconstantinou
Author-X-Name-First: George
Author-X-Name-Last: Papaconstantinou
Title: Book Reviews and News
Abstract:
Journal: Economic Systems Research
Pages: 369-371
Issue: 4
Volume: 10
Year: 1998
X-DOI: 10.1080/09535319800000029
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Handle: RePEc:taf:ecsysr:v:10:y:1998:i:4:p:369-371
Template-Type: ReDIF-Article 1.0
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Title: Report on the Conference in New York
Abstract:
Journal: Economic Systems Research
Pages: 371-372
Issue: 4
Volume: 10
Year: 1998
X-DOI: 10.1080/09535319800000030
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Handle: RePEc:taf:ecsysr:v:10:y:1998:i:4:p:371-372
Template-Type: ReDIF-Article 1.0
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Title: Editorial
Abstract:
Journal: Economic Systems Research
Pages: 3-4
Issue: 1
Volume: 11
Year: 1999
X-DOI: 10.1080/09535319900000001
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Template-Type: ReDIF-Article 1.0
Author-Name: Ian Steedman
Author-X-Name-First: Ian
Author-X-Name-Last: Steedman
Title: Values Do Follow a Simple Rule!
Abstract:
Contrary to what is often suggested, values do follow a very simple rule
as the rate of profit r varies, provided only that the system is square.
None of single production, semi-positive vertically integrated input
coefficients, or regularity a la Schefold needs to be assumed.
Furthermore, that very simple rule is followed for all finite values of r
and can be expressed solely in terms of the powers of r. Moreover, when
the requisite numeraire is employed, the wage profit frontier takes a
simple form; conversely, when the frontier takes that form, one knows that
the requisite numeraire is being used, even without knowing what it is.
Journal: Economic Systems Research
Pages: 5-14
Issue: 1
Volume: 11
Year: 1999
Keywords: Relative prices, distribution, numeraires,
X-DOI: 10.1080/09535319900000002
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Template-Type: ReDIF-Article 1.0
Author-Name: Georg Stamatis
Author-X-Name-First: Georg
Author-X-Name-Last: Stamatis
Title: Georg Charasoff: A Pioneer in the Theory of Linear Production Systems
Abstract:
This paper exposes mathematically Charasoff s results on linear
production systems. Charasoff developed an algorithm for the iterative
calculation of the Leontief inverse, the concepts of basic and non-basic
commodities, as well as the Srajfian standard system. This allowed him,
given the real wage rate, to calculate the profit rate independently of
prices as the ratio of two physically homogeneous magnitudes, and then the
prices for an already given profit rate. Therefore, as early as 1910,
Charasoff had developed significant concepts of the theory of linear
production systems, which long afterwards became more broadly known
through the works of Leontief and Sraffa.
Journal: Economic Systems Research
Pages: 15-30
Issue: 1
Volume: 11
Year: 1999
Keywords: Charasoff, Leontief, Sraffa, linear production theory, Marxian economic theory,
X-DOI: 10.1080/09535319900000003
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Template-Type: ReDIF-Article 1.0
Author-Name: Hans van Meijl
Author-X-Name-First: Hans
Author-X-Name-Last: van Meijl
Author-Name: Frank van Tongeren
Author-X-Name-First: Frank
Author-X-Name-Last: van Tongeren
Title: Endogenous International Technology Spillovers and Biased Technical Change in Agriculture
Abstract:
This paper analyzes trade-related knowledge flows from an innovating
country to other countries. It is assumed that knowledge is embodied in
commodities traded between countries and that the potential productivity
of this knowledge is determined by the local usability of foreign
technologies. The usability of foreign knowledge is dependent on the local
absorption capacity (such as knowledge infrastructure and human capital)
and on structural differences (factor endowments or climate) between
countries. In agriculture, a large portion of the knowledge is embodied in
inputs which cause factor-biased technical change in the receiving
sectors. Trade-related knowledge transmission is introduced in an applied
multi-region general equilibrium model (GTAP) to study the macro-economic
and sectoral impacts of knowledge spillovers and of trade policies.
Endogenous embodied technology spillovers bear some important implications
for trade policy, because protective measures preclude countries not only
from cheaper imports but also from foreign technologies.
Journal: Economic Systems Research
Pages: 31-48
Issue: 1
Volume: 11
Year: 1999
Keywords: Biased technical change, knowledge spillovers, applied multi-sector multi-region general equilibrium model, trade liberalization,
X-DOI: 10.1080/09535319900000004
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Template-Type: ReDIF-Article 1.0
Author-Name: Chinkook Lee
Author-X-Name-First: Chinkook
Author-X-Name-Last: Lee
Author-Name: Gerald Schluter
Author-X-Name-First: Gerald
Author-X-Name-Last: Schluter
Title: Effect of Trade on the Demand for Skilled and Unskilled Workers
Abstract:
We use an input-output model to examine the effects of trade and domestic
consumption, technology and labor productivity on skilled and unskilled
worker demand. We found that trade was not the major contributor to
changes in demand for skilled and unskilled labor during 1972-92, counter
to the continuing debate on the trade-widening wage gap linkage. We found
that skill intensity, i.e. the ratio of high-skilled to low-skilled
workers for exports compared with imports, exceeded one during 1972-92,
but did not increase. We explore alternative definitions of skilled and
unskilled, and find our results to be robust to these alternative
definitions.
Journal: Economic Systems Research
Pages: 49-66
Issue: 1
Volume: 11
Year: 1999
Keywords: Skill intensity of US trade, international trade impacts, skilled—unskilled wage gap,
X-DOI: 10.1080/09535319900000005
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Template-Type: ReDIF-Article 1.0
Author-Name: Tullio Gregori
Author-X-Name-First: Tullio
Author-X-Name-Last: Gregori
Author-Name: Gustav Schachter
Author-X-Name-First: Gustav
Author-X-Name-Last: Schachter
Title: Assessing Aggregate Structural Change
Abstract:
The aim of this paper is to investigate the evolution of Italian
aggregate structural change over the years 1965-85. We use annual
input-output (IO) tables in current and constant prices to derive an
aggregate index of structural change. We adopt several techniques for such
an explorative analysis. First, we borrow from qualitative matrix analysis
and graph theory some basic concepts to assess direct and indirect links
among sectors, and interrelatedness measures are derived in a
straightforward way. However, qualitative analysis of indirect links may
be flawed, since it can establish a path that is quantitatively
negligible. Then, we turn our attention to a non-standard quantitative
index derived from structural path analysis, expressed by a simple
function of the input matrix determinant. Since empirical findings
indicate a structural break in 1975, we derive another measure of
technical change: the dominant eigenvalue. Such an index has several
interesting properties but no clear relationship to the circularity
process implicit in the Leontief model. Results for constant- and
actual-price IO tables are discussed and compared with main macro-economic
variables over the sample. Empirical findings indicate a relationship
between investment, variability in final demand and aggregate structural
change.
Journal: Economic Systems Research
Pages: 67-82
Issue: 1
Volume: 11
Year: 1999
Keywords: Structural change, production structures, graph theory, dominant eigenvalue,
X-DOI: 10.1080/09535319900000006
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:1:p:67-82
Template-Type: ReDIF-Article 1.0
Author-Name: Marina White
Author-X-Name-First: Marina
Author-X-Name-Last: White
Title: Regional Production and Cost Minimization in the Republics of the Former Soviet Union
Abstract:
After the disintegration of the Soviet Union, the problems encountered
early in the reforms made it obvious that understanding the system and
structure of the economy during the Soviet period was crucial for
predictions and recommendations. The present study analyzes the production
of the republics of the former Soviet Union, by grouping them into the
regions defined by common geographical and historical conditions, and by
estimation of cost functions that represent the two major theories of
international trade: the Heckscher-Ohlin and Ricardo-Viner models. The
estimated parameters of the cost functions allow us to draw conclusions
about the achievement of cost minimization and to calculate the
elasticities that represent the comparative statics of both models. As a
result of the analysis, it is demonstrated that the achievement of the
cost-minimization goal depends on local conditions.
Journal: Economic Systems Research
Pages: 83-105
Issue: 1
Volume: 11
Year: 1999
Keywords: Soviet Union, trade models, cost minimization, panel data,
X-DOI: 10.1080/09535319900000007
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:1:p:83-105
Template-Type: ReDIF-Article 1.0
Author-Name: Paola Antonello
Author-X-Name-First: Paola
Author-X-Name-Last: Antonello
Title: Introduction: Special Theme in Memory of Richard Goodwin
Abstract:
Journal: Economic Systems Research
Pages: 111-112
Issue: 2
Volume: 11
Year: 1999
X-DOI: 10.1080/09535319900000008
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535319900000008
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:2:p:111-112
Template-Type: ReDIF-Article 1.0
Author-Name: Kumaraswamy Velupillai
Author-X-Name-First: Kumaraswamy
Author-X-Name-Last: Velupillai
Title: Non-maximum Disequilibrium Macrodynamics
Abstract:
In his stimulating Nobel Prize Lecture, Paul Samuelson made the important
point that there were interesting macrodynamic systems which could, in no
sensible sense, be associated with maximization problems. The paradigmatic
example he chose was the multiplier-accelerator system. In this paper I
make an attempt to explore the connection between macrodynamics,
rationality and computability against the backdrop provided by Samuelson's
observation and Richard Goodwin's nonlinear methodological credo. It is
shown that non-maximum, disequilibrium macrodynamics is perfectly
consistent with standard rationality postulates.
Journal: Economic Systems Research
Pages: 113-126
Issue: 2
Volume: 11
Year: 1999
Keywords: Non-maximum macrodynamics, disequilibrium dynamics, computation universality,
X-DOI: 10.1080/09535319900000009
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:2:p:113-126
Template-Type: ReDIF-Article 1.0
Author-Name: Andrew Brody
Author-X-Name-First: Andrew
Author-X-Name-Last: Brody
Title: A Long Monetary Swing
Abstract:
The existence of a long swing may be explained and its length can be
computed with the aid of a simple 'Goodwinesque' model, built on the
original monetary theory of Hawtrey. The mathematical, historical and
human aspects of a long swing of this sort are discussed.
Journal: Economic Systems Research
Pages: 127-138
Issue: 2
Volume: 11
Year: 1999
Keywords: Growth, cycle, money, interest,
X-DOI: 10.1080/09535319900000010
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:2:p:127-138
Template-Type: ReDIF-Article 1.0
Author-Name: Paola Antonello
Author-X-Name-First: Paola
Author-X-Name-Last: Antonello
Title: Simultaneous Adjustment of Quantities and Prices: An Example of Hamiltonian Dynamics
Abstract:
In a well-known essay first published in 1953, Goodwin analyzed the
dynamic adjustment of quantities and prices to long-run equilibrium
values, in a set ofn 'Walrasian' markets. He treated the crossed
adjustment of prices and quantities as a linear Hamiltonian vector field.
In more recent work, Goodwin introduced non-linear perturbations in his
multi-sectoral adjustment model. He assumed that real consumption depends
non-linearly on relative prices. This paper shows the following: (1)
Goodwin's behavioural hypotheses are compatible with the assumption that
agents maximize; (2) if the dynamic process is Hamiltonian, then
symplectic coordinate changes are essential tools of analysis; (3) if the
real wage is rigid and returns to scale are not constant, then the
Hamiltonian model can generate chaotic transients or, in extreme cases,
pure chaotic motions.
Journal: Economic Systems Research
Pages: 139-162
Issue: 2
Volume: 11
Year: 1999
Keywords: Nonlinearity, multi-sectoral, Hamiltonian dynamics,
X-DOI: 10.1080/09535319900000011
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:2:p:139-162
Template-Type: ReDIF-Article 1.0
Author-Name: James Ramsey
Author-X-Name-First: James
Author-X-Name-Last: Ramsey
Title: Regression over Timescale Decompositions: A Sampling Analysis of Distributional Properties
Abstract:
In two previous papers, Ramsey and Lampart demonstrated that regression
analyses between timescale decompositions provided important insight into
the properties of economic relationships. The idea in those papers was
that the relationship between any two variables, say consumption and
income, was the union of the individual relationships between consumption
and income at each timescale and that the regression relationship might,
differ across timescales. This paper is dedicated to discovering the
approximate distributional properties of the regression estimators and of
the residuals in the context of such models. Sampling procedures are used
to verify the distributional properties of the regression estimators at
each timescale and those of the residuals. This analysis is necessary to
provide the appropriate distributional information required to specify
tests of hypotheses and confidence intervals.
Journal: Economic Systems Research
Pages: 163-184
Issue: 2
Volume: 11
Year: 1999
Keywords: Timescale, wavelets, consumption function, income velocity,
X-DOI: 10.1080/09535319900000012
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:2:p:163-184
Template-Type: ReDIF-Article 1.0
Author-Name: Donald Gilchrist
Author-X-Name-First: Donald
Author-X-Name-Last: Gilchrist
Author-Name: Larry V. ST Louis
Author-X-Name-First: Larry V. ST
Author-X-Name-Last: Louis
Title: Completing Input-Output Tables using Partial Information, with an Application to Canadian Data
Abstract:
This paper develops a three-stage extension of the standard
biproportional RAS algorithm-an extension that we label TRAS-to
incorporate information in addition to row and column margins. The TRAS
algorithm is tested using pseudo-censored input-output tables and is shown
to produce more accurate estimates than does the RAS algorithm.
Journal: Economic Systems Research
Pages: 185-194
Issue: 2
Volume: 11
Year: 1999
Keywords: RAS, updating, social accounting,
X-DOI: 10.1080/09535319900000013
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:2:p:185-194
Template-Type: ReDIF-Article 1.0
Author-Name: Elio Londero
Author-X-Name-First: Elio
Author-X-Name-Last: Londero
Title: Secondary Products, By-products and the Commodity Technology Assumption
Abstract:
A more general method for preparing commodity-by-commodity input-output
tables under the commodity technology assumption is presented for the case
when there are produced and non-produced by-products, originating in
principal and in secondary production. Existing methods of the same family
are shown to be special cases of the method presented here. An incorrect
model specification is found to be a sufficient condition for unwarranted
negative coefficients. Finally, the model is shown to satisfy desirable
properties of an input-output system
Journal: Economic Systems Research
Pages: 195-203
Issue: 2
Volume: 11
Year: 1999
Keywords: Input-Output, commodity technology assumption, by-products,
X-DOI: 10.1080/09535319900000014
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:2:p:195-203
Template-Type: ReDIF-Article 1.0
Author-Name: Rainer Vosskamp
Author-X-Name-First: Rainer
Author-X-Name-Last: Vosskamp
Title: Innovation, Market Structure and the Structure of the Economy: a micro-to-macro model
Abstract:
This paper presents a micro-to-macro model which connects an input-output
model with price-dependent input coefficients and basic elements of
industrial economics. This enables the determination of the most important
variables on the micro, meso and macro levels, and, in particular, the
determination of market structure and economic structure. On the basis of
the model, we discuss the various intra-industry and interindustry impacts
of process innovation. The results show the importance of considering
heterogeneity of firms and sectors.
Journal: Economic Systems Research
Pages: 213-232
Issue: 3
Volume: 11
Year: 1999
Keywords: Innovation, market structure, economic structure, heterogeneity,
X-DOI: 10.1080/09535319900000015
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:3:p:213-232
Template-Type: ReDIF-Article 1.0
Author-Name: Harry Wilting
Author-X-Name-First: Harry
Author-X-Name-Last: Wilting
Author-Name: Wouter Biesiot
Author-X-Name-First: Wouter
Author-X-Name-Last: Biesiot
Author-Name: Henri Moll
Author-X-Name-First: Henri
Author-X-Name-Last: Moll
Title: Analyzing Potentials for Reducing the Energy Requirement of Households in The Netherlands
Abstract:
The energy requirement of households represents a useful concept in
studying energy use in relation to production structures and consumption
patterns. Reduction potentials of the energy requirement for households
provide insight on the possibilities for reducing energy use in the whole
economy. We determine reduction potentials by means of implementing energy
conservation options in an input-output model for calculating the
household energy requirement. The implementation of a set of technical
energy conservation options results in a reduction in the energy
requirement of Dutch households by 55%. The reduction potential based on a
set of demand-side options is 9%. The combination of both sets of
conservation options results in a reduction potential of 59%. Therefore,
by combining (sets of) options, some effects are cancelled out.
Journal: Economic Systems Research
Pages: 233-244
Issue: 3
Volume: 11
Year: 1999
Keywords: Energy conservation, households, The Netherlands,
X-DOI: 10.1080/09535319900000016
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:3:p:233-244
Template-Type: ReDIF-Article 1.0
Author-Name: Kurt Kratena
Author-X-Name-First: Kurt
Author-X-Name-Last: Kratena
Author-Name: Stefan Schleicher
Author-X-Name-First: Stefan
Author-X-Name-Last: Schleicher
Title: Impact of Carbon Dioxide Emissions Reduction on the Austrian Economy
Abstract:
A linked econometric input-output (IO) model of the Austrian economy with
an energy block is used in this study to assess the sectoral effects of
carbon dioxide emissions reduction. The energy block and the other
commodities are linked by a partitioned IO model. Energy demand is
described using aggregate energy demand equations, by activities and
subdemand systems of the translog type for different fuel types. The
conversion of energy is modelled using an IO model of the energy sector.
Measures for carbon dioxide reduction from detailed expert studies are
introduced in the energy model and in the econometric model. The primary
impacts are on energy demand, fuel shares and investment in new energy
technologies. The simulation results of the partitioned IO model show
different impacts on gross output, GDP and employment.
Journal: Economic Systems Research
Pages: 245-261
Issue: 3
Volume: 11
Year: 1999
Keywords: Partitioned input-output model, energy input-output analysis, energy demand functions, carbon dioxide emissions reduction,
X-DOI: 10.1080/09535319900000017
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:3:p:245-261
Template-Type: ReDIF-Article 1.0
Author-Name: Mikulas Luptacik
Author-X-Name-First: Mikulas
Author-X-Name-Last: Luptacik
Author-Name: Bernhard Bohm
Author-X-Name-First: Bernhard
Author-X-Name-Last: Bohm
Title: A Consistent Formulation of the Leontief Pollution Model
Abstract:
We consider the environmental Leontief model, which is an input-output
model augmented by pollution-generation and pollution-abatement sectors.
Two formulations of this model, dating back to Leontief's work in 1970,
can be found in the literature. One formulation treats an exogenously
given vector of the tolerated level of pollutants (environmental
standards) as a negative variable on the right-hand side of the model. The
other formulation supposes that each industry eliminates a given
proportion of the pollution that it creates, so that the proportions of
gross pollutants which are subject to treatment by each sector enter as
given parameters. Even in the case when the levels of production and
abatement in the two different model formulations are equal, the solutions
of the dual or price model are different for cases where some net
pollution is left untreated. First, the analytical relationship between
the two price models is established. Secondly, both models formulated in a
linear programming framework are extended by imposing emission charges
(effluent taxes) for untreated pollution. Finally, it will be shown how to
estimate the level of emission charges for both model formulations such
that they provide the same levels of production and abatement, as well as
the same shadow prices. This is illustrated by a numerical example.
Journal: Economic Systems Research
Pages: 263-276
Issue: 3
Volume: 11
Year: 1999
Keywords: Environmental standards, emission charges, linear programming, shadow prices,
X-DOI: 10.1080/09535319900000018
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:3:p:263-276
Template-Type: ReDIF-Article 1.0
Author-Name: Bjarne Madsen
Author-X-Name-First: Bjarne
Author-X-Name-Last: Madsen
Author-Name: Chris Jensen-Butler
Author-X-Name-First: Chris
Author-X-Name-Last: Jensen-Butler
Title: Make and Use Approaches to Regional and Interregional Accounts and Models
Abstract:
Institutional, or sector-by-sector input-output tables have traditionally
been used in regional and interregional modelling. This paper examines the
origins of this tradition and argues instead, both theoretically and
empirically, for the integration of make and use submodels within models
of production, demand and interregional trade, outlining the manner in
which they can be integrated. Further, it is argued that structural rather
than reduced-form models represent a sounder theoretical base. Finally, a
Danish interregional model (LINE) based on a social accounting matrix
framework that employs these principles is presented. The paper also deals
with the issue of data construction at the regional and interregional
levels, based on the make and use approach. It is argued that when data
are constructed at a low level of sectoral and spatial aggregation under
accounting consistency constraints, data quality and validity are high.
Journal: Economic Systems Research
Pages: 277-300
Issue: 3
Volume: 11
Year: 1999
Keywords: Make and use, interregional trade, commodity balance, regional accounts,
X-DOI: 10.1080/09535319900000019
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:3:p:277-300
Template-Type: ReDIF-Article 1.0
Author-Name: Jose Miguel Albala-Bertrand
Author-X-Name-First: Jose Miguel
Author-X-Name-Last: Albala-Bertrand
Title: Structural Change in Chile: 1960-90
Abstract:
This paper attempts to analyze compositional structural change in Chile,
especially during the period around 1974-90, when the most overt
'neo-liberal' experiment was forced on the country's economy and society.
The main conclusion is that, while the service sector has moved in the
correct direction, setting up important industries for the dynamic
development of the country, the manufacturing sector has not performed
equally well. The manufacturing sector has significantly shrunk its most
sophisticated base, and relies mostly on traditional manufacturing that
grows sluggishly. Export expansion is in manufacturing still a small
proportion of exports. The primary sector is still the main export earner,
but has significantly diversified. It appears that the economy has not
moved fast enough towards, and does not appear to be geared by, the type
of exports that may sustain a dynamic industrial development, based on
external markets.
Journal: Economic Systems Research
Pages: 301-320
Issue: 3
Volume: 11
Year: 1999
Keywords: Structural change, manufacturing, Chile,
X-DOI: 10.1080/09535319900000020
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:3:p:301-320
Template-Type: ReDIF-Article 1.0
Author-Name: AndrÁ Simonovits
Author-X-Name-First: AndrÁ
Author-X-Name-Last: Simonovits
Title: Linear Decentralized Control with Expectations
Abstract:
In this paper, we consider a decentralized discrete-time control model
with expectations. There are as many decision-makers as scalar state (and
control) variables, and each decision-maker forms an expectation on the
impact that affects him/her. Using rational and naive expectations, we
describe the stability conditions of the alternative expectations. Our
results generalized earlier ones by Metzler and Lovell, from an inventory
control model to an abstract model, and solve the problem of the
generation of a feasible normal path presented by Kornai and Martos.
Journal: Economic Systems Research
Pages: 321-330
Issue: 3
Volume: 11
Year: 1999
Keywords: Rational expectations, naive expectations, control models,
X-DOI: 10.1080/09535319900000021
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:3:p:321-330
Template-Type: ReDIF-Article 1.0
Author-Name: Bart Verspagen
Author-X-Name-First: Bart
Author-X-Name-Last: Verspagen
Title: Book Reviews
Abstract:
Journal: Economic Systems Research
Pages: 331-333
Issue: 3
Volume: 11
Year: 1999
X-DOI: 10.1080/09535319900000022
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:3:p:331-333
Template-Type: ReDIF-Article 1.0
Author-Name: Roy Boyd
Author-X-Name-First: Roy
Author-X-Name-Last: Boyd
Title: Book Reviews
Abstract:
Journal: Economic Systems Research
Pages: 333-334
Issue: 3
Volume: 11
Year: 1999
X-DOI: 10.1080/09535319900000023
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:3:p:333-334
Template-Type: ReDIF-Article 1.0
Author-Name: Kati Weber
Author-X-Name-First: Kati
Author-X-Name-Last: Weber
Title: Book Reviews
Abstract:
Journal: Economic Systems Research
Pages: 334-335
Issue: 3
Volume: 11
Year: 1999
X-DOI: 10.1080/09535319900000024
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535319900000024
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:3:p:334-335
Template-Type: ReDIF-Article 1.0
Author-Name: Karen Polenske
Author-X-Name-First: Karen
Author-X-Name-Last: Polenske
Title: Wassily W. Leontief, 1905-99
Abstract:
Journal: Economic Systems Research
Pages: 341-348
Issue: 4
Volume: 11
Year: 1999
X-DOI: 10.1080/09535319900000025
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:4:p:341-348
Template-Type: ReDIF-Article 1.0
Author-Name: Pirkko Aulin-Ahmavaara
Author-X-Name-First: Pirkko
Author-X-Name-Last: Aulin-Ahmavaara
Title: Effective Rates of Sectoral Productivity Change
Abstract:
In effective rates of sectoral productivity change, some of the inputs
are treated as produced. Here, this is extended to cover all the inputs.
All the sectoral rates of productivity growth based on a static
input-output (IO) framework are shown to be equal to the corresponding
rates of decrease in the production price. For the direct rate, all the
input prices are treated as exogenous constants. For the effective rates,
prices of the inputs, which are treated as produced, are determined by
production technology. The fully effective rate is derived from the price
equations of the closed dynamic IO model. It is equal to the rate of
decrease in the production price when the prices of all inputs, human
capital and human time included, depend on production technology. The
overall rate, obtained as a weighted sum of the fully effective sectoral
rates, is equal to the rate of growth in the growth potential of the
economy.
Journal: Economic Systems Research
Pages: 349-363
Issue: 4
Volume: 11
Year: 1999
Keywords: Productivity, human capital, dynamic input-output model,
X-DOI: 10.1080/09535319900000026
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:4:p:349-363
Template-Type: ReDIF-Article 1.0
Author-Name: Graham Pyatt
Author-X-Name-First: Graham
Author-X-Name-Last: Pyatt
Title: Some Relationships between T-Accounts, Input-Output Tables and Social Accounting Matrices
Abstract:
Some relationships between the T-accounting format for presenting
commodity balances; input-output (IO) tables; and social accounting
matrices are discussed in this paper. The starting point is to recognize
that IO tables do not contain all the information that is needed to
complete a social accounting matrix (SAM), or, therefore, for the
modelling of phenomena that depend on having a fully articulated SAM, such
as the interdependence of the distribution of income and the structure of
production. There is a need, therefore, to establish the character of the
extra information that is required and this can be achieved by imposing
the requirement that a SAM should be consistent with the basic cash
identity that is fundamental to all social accounting. A second agendum is
to develop the argument that, while T-accounts can, in principle, provide
a database equivalent to that of a SAM, in practice, they are typically
found to be an imperfect substitute. It is important, therefore, in
designing a database, to go beyond the confines of an (extended) IO system
and T-accounts. SAMs provide an appropriate framework for doing so.
Journal: Economic Systems Research
Pages: 365-387
Issue: 4
Volume: 11
Year: 1999
Keywords: (Extended) input-output tables, national accounts, social accounting matrices (SAMs),
X-DOI: 10.1080/09535319900000027
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535319900000027
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:4:p:365-387
Template-Type: ReDIF-Article 1.0
Author-Name: Rolando Alcala
Author-X-Name-First: Rolando
Author-X-Name-Last: Alcala
Author-Name: Gabrielle Antille
Author-X-Name-First: Gabrielle
Author-X-Name-Last: Antille
Author-Name: Emilio Fontela
Author-X-Name-First: Emilio
Author-X-Name-Last: Fontela
Title: Technical Change in the Private Consumption Converter
Abstract:
The analysis of technological change is centered on the study of the
evolution of technical coefficients in the input-output table.
Complementary to this analysis, the household consumption expenditure
matrix, relating consumption by commodities to consumption by purpose or
by function, also incorporates some other aspects of technological change.
Thus, the evolution in time of the coefficients of this consumption
expenditure matrix will portray technological processes, implying
substitutions between commodities to satisfy the different functions The
substitution between consumption expenditure by functions is also to be
taken into consideration, because it can influence, together with
technological change, the use of commodities in the final demand. For
Switzerland, a 1980-89 time series of household consumption expenditure
matrices with 37 commodities and 58 functional consumption categories has
been estimated using data from consumer expenditure surveys. In this
paper, instruments generally applied to the analysis of changes in
input-output technical coefficients are extended to these matrices,
including methods that deal with biproportional processes of substitution.
Journal: Economic Systems Research
Pages: 389-400
Issue: 4
Volume: 11
Year: 1999
Keywords: Technical change, private consumption converter, biproportional adjustments,
X-DOI: 10.1080/09535319900000028
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535319900000028
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:4:p:389-400
Template-Type: ReDIF-Article 1.0
Author-Name: Terry Barker
Author-X-Name-First: Terry
Author-X-Name-Last: Barker
Title: Achieving a 10% Cut in Europe's Carbon Dioxide Emissions using Additional Excise Duties: Coordinated, Uncoordinated and Unilateral Action using the Econometric Model E3ME
Abstract:
Coordinated, uncoordinated and unilateral policies to reduce carbon
dioxide emissions by 10% in 11 member states of the European Union (EU) by
2010 are compared with unilateral policies in each member state. The paper
presents the results from four projections using a large-scale,
integrated, regionalized E3 model of the EU (not a general equilibrium
model) estimated on time series, cross-section data for 1968—93
with international trade treated as between each member state and a
European transport and distribution network. The 10% reduction is achieved
by additional excise duties incremented every year from 1999 to 2010,
according to the carbon contents of fuels, with special treatment of
electricity (taxed on outputs not inputs) and with revenues recycled via
reductions in employers' social security contributions. Multilateral
coordinated policies require a common tax rate of 156 Ecus per tonne
carbon (1999 prices), which rises to an average of 162 Ecu/tonne, with a
wide range between regions when policies are uncoordinated. All the tax
shift projections show double dividends of emission reduction and
employment gain for all member states. Unilateral policies do not show
much carbon leakage and they show smaller gains for output and employment.
The results are compared with those from a general equilibrium model
(GEM-E3), tackling the same topic.
Journal: Economic Systems Research
Pages: 401-422
Issue: 4
Volume: 11
Year: 1999
Keywords: Large-scale energy-environment-economy modelling, carbon tax, European Union, multilateral coordinated tax policy,
X-DOI: 10.1080/09535319900000029
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:4:p:401-422
Template-Type: ReDIF-Article 1.0
Author-Name: Kakali Mukhopadhyay
Author-X-Name-First: Kakali
Author-X-Name-Last: Mukhopadhyay
Author-Name: Debesh Chakraborty
Author-X-Name-First: Debesh
Author-X-Name-Last: Chakraborty
Title: India's Energy Consumption Changes during 1973/74 to 1991/92
Abstract:
The global energy crisis in the 1970s and early 1980s had adverse
economic impacts in all oil-importing countries, including India. The
objective of the present paper is to analyze energy consumption changes
that have taken place in the Indian economy during 1973174 to 1983184 and
1983184 to 1991192, and the factors responsible for these changes. We
develop a structural decomposition analysis in which the energy
consumption changes are the result of the following six different factors:
technical changes; changes in the final demand structure; changes in the
interaction term of technical changes and final demand structure; changes
in energy exports; changes in energy imports; changes in energy change in
stock. Then, we separate the technical changes and final demand structure
again, which identifies explicitly the effects of energy consumption.
Journal: Economic Systems Research
Pages: 423-438
Issue: 4
Volume: 11
Year: 1999
Keywords: Structural decomposition analysis, energy consumption, India,
X-DOI: 10.1080/09535319900000030
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535319900000030
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:4:p:423-438
Template-Type: ReDIF-Article 1.0
Author-Name: Stefano Casini Benvenuti
Author-X-Name-First: Stefano Casini
Author-X-Name-Last: Benvenuti
Author-Name: Giandemetrio Marangoni
Author-X-Name-First: Giandemetrio
Author-X-Name-Last: Marangoni
Title: Infrastructure and Performance of the Italian Economic System
Abstract:
This paper aims to analyze the consequences for the Italian economy of
the recently started process of modernization and extension of the
country's infrastructure. The planned measures are expected to increase
the competitiveness of Italian businesses, and to improve the quality of
life. In the short term, investments in infrastructure will increase the
construction sector's production and, consequently, activate income and
employment multipliers. The Italian economic system being highly
differentiated from a territorial viewpoint, the impact of new investments
on its economic system has been analyzed by means of a biregional model
that accounts for the peculiar productive structure of the 20 Italian
regions.
Journal: Economic Systems Research
Pages: 439-455
Issue: 4
Volume: 11
Year: 1999
Keywords: Infrastructure, Italy, regional input-output model,
X-DOI: 10.1080/09535319900000031
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:4:p:439-455
Template-Type: ReDIF-Article 1.0
Author-Name: Ali Bayar
Author-X-Name-First: Ali
Author-X-Name-Last: Bayar
Title: Book Review
Abstract:
Journal: Economic Systems Research
Pages: 457-457
Issue: 4
Volume: 11
Year: 1999
X-DOI: 10.1080/09535319900000032
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535319900000032
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:4:p:457-457
Template-Type: ReDIF-Article 1.0
Author-Name: Karen Polenske
Author-X-Name-First: Karen
Author-X-Name-Last: Polenske
Title: Annual Report of the IIOA, 1998
Abstract:
Journal: Economic Systems Research
Pages: 459-464
Issue: 4
Volume: 11
Year: 1999
X-DOI: 10.1080/09535319900000033
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535319900000033
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Handle: RePEc:taf:ecsysr:v:11:y:1999:i:4:p:459-464
Template-Type: ReDIF-Article 1.0
Author-Name: Robert Grubbstrom
Author-X-Name-First: Robert
Author-X-Name-Last: Grubbstrom
Author-Name: Ou Tang
Author-X-Name-First: Ou
Author-X-Name-Last: Tang
Title: An Overview of Input-Output Analysis Applied to Production-Inventory Systems
Abstract:
Input-Output Analysis, together with the Laplace transform, have been
applied to multi-level, multi-period production-inventory systems in a
number of papers. This article gives a historical overview of the areas
involved in these studies. It is shown that the input and output matrices
as well as the Leontief inverse can be generalised to include timing
properties for the inputs by means of the Laplace transform. The
consequent advantages are exemplified in different production models,
treating, for instance, capacity requirements and safety stock problems.
The main literature in this field concerns assembly systems, but the
approach is easily applicable to process industries with a divergent
material flow or when feedback is essential.
Journal: Economic Systems Research
Pages: 3-25
Issue: 1
Volume: 12
Year: 2000
Keywords: Laplace Transform, Multi-LEVEL Systems, Production-INVENTORY Systems,
X-DOI: 10.1080/095353100111254
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Template-Type: ReDIF-Article 1.0
Author-Name: Clopper Almon
Author-X-Name-First: Clopper
Author-X-Name-Last: Almon
Title: Product-to-Product Tables via Product-Technology with No Negative Flows
Abstract:
This paper presents and evaluates a way of making product-to-product
tables from Use and Make matrices that are of immediate relevance to any
statistical office that makes input-output tables. Two ways of making a
product-to-product table are in common practice: one based on the
product-technology assumption and the other on the industry-technology
assumption. The industry-technology assumption is recognized as highly
implausible but is often used because the product-technology assumption
frequently leads to small negative flows which make no economic sense.
This paper shows how a slight adjustment in the product-technology
assumption leads to an algorithm that is certain to avoid negative flows
yet keeps close to the spirit of the product-technology idea. Some details
of the application of this method to the USA table for 1992 are reported.
Similar applications to every American table since 1958 have given
consistently sensible results. A computer program for the method is
available.
Journal: Economic Systems Research
Pages: 27-43
Issue: 1
Volume: 12
Year: 2000
Keywords: Product-TO-PRODUCT Input-OUTPUT Tables, Product Technology, Symmetric Input-OUTPUT Tables, Industry Technology,
X-DOI: 10.1080/095353100111263
File-URL: http://www.tandfonline.com/doi/abs/10.1080/095353100111263
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Template-Type: ReDIF-Article 1.0
Author-Name: Shuntaro Shishido
Author-X-Name-First: Shuntaro
Author-X-Name-Last: Shishido
Author-Name: Makoto Nobukuni
Author-X-Name-First: Makoto
Author-X-Name-Last: Nobukuni
Author-Name: Kazumi Kawamura
Author-X-Name-First: Kazumi
Author-X-Name-Last: Kawamura
Author-Name: Takahiro Akita
Author-X-Name-First: Takahiro
Author-X-Name-Last: Akita
Author-Name: Shunichi Furukawa
Author-X-Name-First: Shunichi
Author-X-Name-Last: Furukawa
Title: An International Comparison of Leontief Input-Output Coefficients and its Application to Structural Growth Patterns
Abstract:
Empirical sectoral analyses of a standard development pattern have
focused upon changes in the value added, disregarding the structural
changes in intermediate input. In a more comprehensive approach to the
production function, the present paper analyses both sectoral intermediate
inputs and the value added by using 45 input-output tables to discover a
standard pattern of the changes in the input-output coefficients as an
economy develops. The major findings are first a U-shape pattern of the
average value added ratio and, conversely, an inverse U-shape pattern of
the average intermediate input ratio. Secondly, as compared with principal
input coefficients that are broadly stable, supplementary input
coefficients exhibit the non-linear trends of an inverse U shape
contributed by a rising trend in agriculture in the early stages, and a
growing energy cost in most sectors, although this is partly offset by
mild U shapes of transport and distribution costs. A similar inverse
U-shape pattern is implied for the Leontief multiplier.
Journal: Economic Systems Research
Pages: 45-64
Issue: 1
Volume: 12
Year: 2000
Keywords: Leontief Multiplier, Primary Input, Principal Input, Supporting Input, Standard Pattern Of Development,
X-DOI: 10.1080/095353100111272
File-URL: http://www.tandfonline.com/doi/abs/10.1080/095353100111272
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:1:p:45-64
Template-Type: ReDIF-Article 1.0
Author-Name: Oscar De Juan
Author-X-Name-First: Oscar
Author-X-Name-Last: De Juan
Author-Name: Eladio Febrero
Author-X-Name-First: Eladio
Author-X-Name-Last: Febrero
Title: Measuring Productivity from Vertically Integrated Sectors
Abstract:
There are many ways to measure productivity. The choice will depend on
the suitability of each index to the main purpose the researcher has in
mind. Whenever we are interested in 'competitiveness', the proper measure
will be the inverse of the total labour embodied in one unit of final
product; or, what amounts to the same, the labour employed in the
vertically integrated sector corresponding to each final good. A weighted
mean of these yields an index of aggregate productivity suitable for
measuring social welfare. Another index of aggregate productivity (this
one related to the profit rate and potential growth) coincides with the
inverse of the maximum eigenvalue of the 'socio-technical matrix'. These
indices are computed for the Spanish economy and compared with more
conventional ones.
Journal: Economic Systems Research
Pages: 65-82
Issue: 1
Volume: 12
Year: 2000
Keywords: Productivity, Vertically Integrated Sectors, Labour Values, Prices Of Production,
X-DOI: 10.1080/095353100111281
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Template-Type: ReDIF-Article 1.0
Author-Name: Julio Sanchez-Choliz
Author-X-Name-First: Julio
Author-X-Name-Last: Sanchez-Choliz
Author-Name: Rosa Duarte
Author-X-Name-First: Rosa
Author-X-Name-Last: Duarte
Title: The Economic Impacts of Newly Irrigated Areas in the Ebro Valley
Abstract:
This paper uses regional input-output tables to analyse the long-term
impact resulting from the implementation of the newly irrigated areas
provided for under the terms of the Ebro Basin Hydrological Plan. We have
described the whole process by way of two consecutive stages. In the
first, where the final demand is fixed, we use a demand-driven
input-output model and we incorporate technical change through the
reduction of the coefficients. In the second, the output of all sectors
increases, with the increases in the vector of output being proportional
to the forward linkages vector of the Agriculture sector. In this stage,
our objective is to obtain a final demand vector that ensures that the
agricultural value added increases to a prescribed value of v 1 *. Whilst
the results demonstrate the positive effects of the transformation, they
also reveal effects of a very different character in each sector. Thus,
the Agriculture, Livestock and Agri-food industry sectors show significant
increases in their gross outputs caused by the forward effects, whilst the
Energy, Metal and Chemicals sectors reduce their outputs. These results
shed light on the contradictory nature of the processes of development and
technical change.
Journal: Economic Systems Research
Pages: 83-98
Issue: 1
Volume: 12
Year: 2000
Keywords: Input-OUTPUT Model, Technical Change, Agricultural Linkages, Economic Impact,
X-DOI: 10.1080/095353100111290
File-URL: http://www.tandfonline.com/doi/abs/10.1080/095353100111290
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:1:p:83-98
Template-Type: ReDIF-Article 1.0
Author-Name: Bernadette Andreosso-O'Callaghan
Author-X-Name-First: Bernadette
Author-X-Name-Last: Andreosso-O'Callaghan
Author-Name: Guoqiang Yue
Author-X-Name-First: Guoqiang
Author-X-Name-Last: Yue
Title: An Analysis of Structural Change in China using Biproportional Methods
Abstract:
Traditional IO techniques have been used and applied in detail to the
case of the Chinese economy with a view to describing and analysing the
gradual, albeit radical, transformation of the Chinese industrial fabric
since the beginning of the economic reforms. Using a Biproportional
Filter, our study has a threefold objective: to measure and analyse
structural change that has taken place in the Chinese manufacturing sector
since 1985; to highlight those industries that have been most responsible
for the change; and to explain the reasons for these changes.
Journal: Economic Systems Research
Pages: 99-111
Issue: 1
Volume: 12
Year: 2000
Keywords: Structural Change, Chinese Industrial System, Biproportional Filter,
X-DOI: 10.1080/095353100111308
File-URL: http://www.tandfonline.com/doi/abs/10.1080/095353100111308
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:1:p:99-111
Template-Type: ReDIF-Article 1.0
Author-Name: Ali Reza Jalili
Author-X-Name-First: Ali Reza
Author-X-Name-Last: Jalili
Title: Comparison of Two Methods of Identifying Input-Output Coefficients for Exogenous Estimation
Abstract:
Input-output (IO) updating research indicates substantial improvements in
the forecasts when some of the coefficients have been exogenously
estimated and included in the updating process. Several methods for
identifying the appropriate subsets have been proposed. The present paper
attempts to assess the relative performances of two such approaches: 'the
largest coefficients' and 'the most important parameters' criteria.
Utilizing these criteria, a set of coefficients from the 1966 IO table of
the former Soviet Union were selected and exogenously determined. The
remaining coefficients were updated to 1972 by means of naive, RAS, and
Lagrangian techniques. Comparison of the results with the 1972 benchmark
table provided the desired answers.
Journal: Economic Systems Research
Pages: 113-129
Issue: 1
Volume: 12
Year: 2000
Keywords: Lagrangian, Non Survey Updating, Exogenous Information,
X-DOI: 10.1080/095353100111317
File-URL: http://www.tandfonline.com/doi/abs/10.1080/095353100111317
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:1:p:113-129
Template-Type: ReDIF-Article 1.0
Author-Name: Heinz Kurz
Author-X-Name-First: Heinz
Author-X-Name-Last: Kurz
Author-Name: Christian Lager
Author-X-Name-First: Christian
Author-X-Name-Last: Lager
Title: Introduction: Input-Output Analysis and Classical Economic Theory
Abstract:
Journal: Economic Systems Research
Pages: 139-140
Issue: 2
Volume: 12
Year: 2000
X-DOI: 10.1080/09535310050005653
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310050005653
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:2:p:139-140
Template-Type: ReDIF-Article 1.0
Author-Name: William Baumol
Author-X-Name-First: William
Author-X-Name-Last: Baumol
Title: Leontief's Great Leap Forward: Beyond Quesnay, Marx and von Bortkiewicz
Abstract:
Wassily Leontief's input-output analysis is often interpreted simply as a
logical next step in the chain of ideas from Quesnay to Marx to von
Bortkiewicz, the last of these having been Leontief's thesis adviser in
Berlin. Here, it is shown that input-output is far more than that. Unlike
any predecessor, it is a flexible model with widely varied applications
that permits direct empirical evaluation. This is illustrated by
application to net energy calculations, showing that the normal evaluation
methods that ignore input-output considerations probably overestimate by
20 to 60% the net energy yield of projects designed to save energy.
Journal: Economic Systems Research
Pages: 141-152
Issue: 2
Volume: 12
Year: 2000
Keywords: Interdependence Models, Energy Conservation, Net Energy Studies,
X-DOI: 10.1080/09535310050005662
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310050005662
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:2:p:141-152
Template-Type: ReDIF-Article 1.0
Author-Name: Heinz Kurz
Author-X-Name-First: Heinz
Author-X-Name-Last: Kurz
Author-Name: Neri Salvadori
Author-X-Name-First: Neri
Author-X-Name-Last: Salvadori
Title: 'Classical' Roots of Input-Output Analysis: A Short Account of its Long Prehistory
Abstract:
This paper discusses the roots of input-output analysis in 'classical'
economics. The authors considered include Petty and Cantillon; Quesnay,
the physiocrats and their critic Isnard; Smith, Ricardo, Torrens and
Dmitriev; Marx, von Bortkiewicz and von Charasoff; Leontief; and Remak. It
is argued that, in terms of method and content, input-output analysis is
akin to the classical approach to the theory of production, distribution
and relative prices in that (i) it requires all magnitudes to be
observable and (ii) starts essentially from the same set of data. It is
shown that many important modern concepts have been anticipated by the
earlier authors. The prehistory of input-output analysis is also meant to
provide new perspectives on potential future developments of the field.
Journal: Economic Systems Research
Pages: 153-179
Issue: 2
Volume: 12
Year: 2000
Keywords: Circular Flow, Classical Economics, Reproduction Surplus Product, Value And Distribution,
X-DOI: 10.1080/09535310050005671
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310050005671
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:2:p:153-179
Template-Type: ReDIF-Article 1.0
Author-Name: Albert Steenge
Author-X-Name-First: Albert
Author-X-Name-Last: Steenge
Title: The Rents Problem in the Tableau Economique : Revisiting the Phillips Model
Abstract:
A number of efforts have been made so far to transcribe Francois
Quesnay's Tableau Economique into a modern input-output framework.
However, the transcriptions available at present have not been generally
accepted. A point of serious discussion has been the fixed coefficients
assumption, which dates back to the model proposed by Phillips in 1955.
Especially regarding the analysis of rents formation and proprietors
preferences, this assumption is at odds with basic physiocratic thought.
In this paper a general solution is proposed to the problem of modelling
the rents in an input-output context. The method suggests a general
approach, where the physiocratic view is a special case that identifies
productivity with only one sector.
Journal: Economic Systems Research
Pages: 181-197
Issue: 2
Volume: 12
Year: 2000
Keywords: Tableau Economique, Phillips Model, Rents Problem,
X-DOI: 10.1080/09535310050005680
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310050005680
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:2:p:181-197
Template-Type: ReDIF-Article 1.0
Author-Name: Christian Gehrke
Author-X-Name-First: Christian
Author-X-Name-Last: Gehrke
Title: Alfred Kahler's Die Theorie der Arbeiterfreisetzung durch die Maschine : An Early Contribution to the Analysis of the Impact of Automation on Workers
Abstract:
This paper provides a critical assessment of Alfred Kahler's pioneering
contribution to the analysis of the impact of automation on workers in his
1932 dissertation thesis Die Theorie der Arbeiterfreisetzung durch die
Maschine (The theory of the displacement of the worker by the machine).
Kahler's analysis is shown to be an elaboration on Ricardo's and Marx's
approach to the analysis of the labour displacement and compensation
process. It is also shown that the arithmetical 'circulation schemes'
developed by Kahler can be interpreted as an early formulation of a closed
(static) input-output model. In addition, the paper also examines Kahler's
rudimentary discussion of the associated price model and of the choice of
technique problem.
Journal: Economic Systems Research
Pages: 199-214
Issue: 2
Volume: 12
Year: 2000
Keywords: Classical Price Models, Precursors Of Input-OUTPUT Analysis, Technological Unemployment,
X-DOI: 10.1080/09535310050005699
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310050005699
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:2:p:199-214
Template-Type: ReDIF-Article 1.0
Author-Name: Andras Brody
Author-X-Name-First: Andras
Author-X-Name-Last: Brody
Title: The Monetary Multiplier
Abstract:
After modelling the circulation of money as a Markov chain, a special
multiplier is set up, explained and investigated. It describes, in
mathematical terms, the enlivening course of new money, or the propagation
of a monetary injection into a given economy, which David Hume inspected
in his famous essay. Some explanation is given to why he considered it,
justly, as a transitory phenomenon.
Journal: Economic Systems Research
Pages: 215-219
Issue: 2
Volume: 12
Year: 2000
Keywords: Equilibrium, Ergodic Properties, Circulation Of Money,
X-DOI: 10.1080/09535310050005707
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310050005707
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:2:p:215-219
Template-Type: ReDIF-Article 1.0
Author-Name: Ian Steedman
Author-X-Name-First: Ian
Author-X-Name-Last: Steedman
Title: Income Distribution, Foreign Trade and the Value-Added Vector
Abstract:
Whilst input-output analysts often treat the value-added vector as a
fairly simple, straightforward component of input-output studies, modern
'classical' economics tells us that it is far from simple. This will be
developed, both for a closed economy and for an economy using foreign
produced inputs.
Journal: Economic Systems Research
Pages: 221-230
Issue: 2
Volume: 12
Year: 2000
Keywords: Fixed Capital, Foreign Trade, Income Distribution, Value-ADDED Coefficients,
X-DOI: 10.1080/09535310050005716
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310050005716
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:2:p:221-230
Template-Type: ReDIF-Article 1.0
Author-Name: Christian Lager
Author-X-Name-First: Christian
Author-X-Name-Last: Lager
Title: Production, Prices and Time: A Comparison of Some Alternative Concepts
Abstract:
This paper compares alternative concepts of production and prices with a
special emphasis on time. First, it is demonstrated that the point-input
point-output representation of processes used in von Neumann-Sraffa models
is not restrictive and can be derived from general flow-input flow-output
processes. Second, the concept of long-period positions, which can be
traced back to the work of the classical authors, is discussed. Third, the
von Neumann-Sraffa approach is compared with the neo-Austrian model and
the flow-fund model developed by Hicks and Georgescu-Roegen respectively.
It turns out that these latter two models are, at best, a special case of
the former. Finally, some problems and intricacies concerning observable
input-output coefficients are discussed and, as an alternative, a possibly
applicable method to determine coefficients for general flow-input
flow-output processes is presented.
Journal: Economic Systems Research
Pages: 231-253
Issue: 2
Volume: 12
Year: 2000
Keywords: Sraffa Von Neumann, (NEO) Austrian Production Theory, Georgescu Roegen'S Flow-FUND Approach,
X-DOI: 10.1080/09535310050005725
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:2:p:231-253
Template-Type: ReDIF-Article 1.0
Author-Name: Heinz Kurz
Author-X-Name-First: Heinz
Author-X-Name-Last: Kurz
Author-Name: Neri Salvadori
Author-X-Name-First: Neri
Author-X-Name-Last: Salvadori
Title: The Dynamic Leontief Model and the Theory of Endogenous Growth
Abstract:
This paper shows that the dynamic Leontief model can be interpreted as a
linear model of endogenous growth. The long-term rate of growth is
determined within the economic system - either as the outcome of the
saving and investment behaviour of agents or as the outcome of some
planner's maximization of some objective function.
Journal: Economic Systems Research
Pages: 255-265
Issue: 2
Volume: 12
Year: 2000
Keywords: Dynamic Leontief Model, Endogenous Growth, Saving Investment,
X-DOI: 10.1080/09535310050005734
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:2:p:255-265
Template-Type: ReDIF-Article 1.0
Author-Name: Richard Weisskoff
Author-X-Name-First: Richard
Author-X-Name-Last: Weisskoff
Title: Missing Pieces in Ecosystem Restoration: The Case of the Florida Everglades
Abstract:
The largest ecosystem restoration in the world-a $7.8 billion rescue
package-is now beginning in the Florida Everglades. This paper examines
both the economic impact of the restoration itself and those pieces that
are 'missing' from the official project analysis; namely, increased
tourism, urban construction, in-migration, and changing agricultural
patterns. These pieces comprise a variety of scenarios that are tested for
a 45 year planning period with an augmented input-output model derived
from a regional SAM. The new output and employment generated by the
'missing pieces', which are small relative to the vast economic base of
the region, do represent a considerable increase over the annual growth,
especially by the year 2045. We conclude with a discussion of ways in
which a growing regional economy might be reconciled with ecosystem
restoration.
Journal: Economic Systems Research
Pages: 271-303
Issue: 3
Volume: 12
Year: 2000
Keywords: Ecosystem Restoration, Economic Impact Analysis, Regional Economic Models, Florida Everglades,
X-DOI: 10.1080/09535310050120899
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:3:p:271-303
Template-Type: ReDIF-Article 1.0
Author-Name: Christian Lutz
Author-X-Name-First: Christian
Author-X-Name-Last: Lutz
Title: NO x Emissions and the Use of Advanced Pollution Abatement Techniques in West Germany
Abstract:
This paper concentrates on the integration of pollution abatement
techniques for NO x emissions into the environmentally enlarged
input-output model PANTA RHEI II for West Germany. The use of available
abatement technologies is explained by emission prices, investment and
technological factors for different sectors and energy carriers.
Simulation runs to the year 2005 show the economic, environmental and
technological effects of a tax on NO x emissions, when revenues are
recycled via reductions of employers' social security contributions. A cut
of emissions by almost one third against the businessas-usual level is
reached. In particular, the use of advanced pollution abatement techniques
and structural changes prevent negative economic effects on the macro
level. Lower real wages even induce higher employment.
Journal: Economic Systems Research
Pages: 305-318
Issue: 3
Volume: 12
Year: 2000
Keywords: Energy-ENVIRONMENT-ECONOMY Modelling, Emission Taxesy, Abatement Technologies,
X-DOI: 10.1080/09535310050120907
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:3:p:305-318
Template-Type: ReDIF-Article 1.0
Author-Name: Henrik Jacobsen
Author-X-Name-First: Henrik
Author-X-Name-Last: Jacobsen
Title: Energy Demand, Structural Change and Trade: A Decomposition Analysis of the Danish Manufacturing Industry
Abstract:
This paper examines the relation between trade patterns and energy
consumption in manufacturing industries. An input-output decomposition
method is used to decompose the change in industrial energy consumption
for Denmark into six components, of which three are trade-related.
Trade-induced changes in energy consumption have important implications
for issues such as international distribution and regulation of energy
consumption and emissions. It is shown that a structural change in foreign
trade patterns can increase domestic energy demand. This is contrary,
however, to what might be expected for a small industrialized country,
which is presumed to export products that intensively use inputs of
skilled manpower as well as research and development. Finally,
calculations carried out at different levels of aggregation are compared.
The findings here demonstrate the importance of large variations in energy
intensities among subsectors for the calculation results.
Journal: Economic Systems Research
Pages: 319-343
Issue: 3
Volume: 12
Year: 2000
Keywords: Decomposition, Energy Demand, Trade,
X-DOI: 10.1080/09535310050120916
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:3:p:319-343
Template-Type: ReDIF-Article 1.0
Author-Name: Petr Hanel
Author-X-Name-First: Petr
Author-X-Name-Last: Hanel
Title: R&D, Interindustry and International Technology Spillovers and the Total Factor Productivity Growth of Manufacturing Industries in Canada, 1974-1989
Abstract:
The paper presents new econometric evidence on the relationship between
total factor productivity growth and the R&D expenditures of Canadian
manufacturing industries in the presence of interindustry and
international spillovers of technology. In contrast to studies that
presume that international spillovers are incorporated in imports of
intermediate and/or capital equipment goods, the present paper assumes
that the principal channel of transmission of new technology is foreign
direct investment. Three original proxies for international spillovers use
information on patenting, the size and the origin of foreign ownership in
the host country and the R&D expenditures in the country of origin. The
results suggest that the nexus between industry's own R&D expenditures and
the TFP growth is significant and positive, especially for the
process-related R&D. Domestic interindustry spillovers of new technology
have a larger effect on TFP than industry's own R&D expenditures. All
three proxies for international technology spillovers are associated
positively and significantly with TFP growth. However, international
spillovers contribute to TFP growth less than domestic interindustry
spillovers and less than own process-related R&D.
Journal: Economic Systems Research
Pages: 345-361
Issue: 3
Volume: 12
Year: 2000
Keywords: International R & D Spillovers, Patents, Total Factor Productivity, Foreign Direct Investment,
X-DOI: 10.1080/09535310050120925
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:3:p:345-361
Template-Type: ReDIF-Article 1.0
Author-Name: Axel During
Author-X-Name-First: Axel
Author-X-Name-Last: During
Author-Name: Hermann Schnabel
Author-X-Name-First: Hermann
Author-X-Name-Last: Schnabel
Title: Imputed Interindustry Technology Flows - A Comparative SMFA Analysis
Abstract:
This paper shows how the pattern of an interindustry R&D flow system can
be detected using a Subsystem-MFA (SMFA). The standard subsystem analysis
shows the innovation spillovers of the relevant innovative sectors of a
country, which are then turned into graphical form so that the sector
clustering into this system can be displayed like a 'molecule' of sectors.
The analysis uses the recently published input-output tables of the OECD
for Germany, Japan and the United States for the beginning, the middle and
the end of the 1980s. The analysis uses R&D-expenditures as an
innovation-indicatorvector, published also by the OECD. The results show
that there are specific patterns of interindustry imputed R&D flows that
differ to some extent between the given countries. These differences can
be interpreted as being due to the specific economic history of these
countries.
Journal: Economic Systems Research
Pages: 363-375
Issue: 3
Volume: 12
Year: 2000
Keywords: Technology Flows, Innovation, Subsystem Mfa,
X-DOI: 10.1080/09535310050120934
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Template-Type: ReDIF-Article 1.0
Author-Name: Ina Drejer
Author-X-Name-First: Ina
Author-X-Name-Last: Drejer
Title: Comparing Patterns of Industrial Interdependence in National Systems of Innovation - A Study of Germany, the United Kingdom, Japan and the United States
Abstract:
This paper presents a quantitatively based method for comparing the
structure of National Systems of Innovation (NSI). The emphasis is on
technological interdependencies at the industrial level in Germany, Japan,
the United Kingdom and the United States. The mapping of the
interdependencies, based on input-output tables, builds on a graph
theoretical model (a minimal flow analysis). R&D expenses are used as the
technology indicator. The NSI framework is taken as the point of
departure. It is claimed that 'history matters', through relating
historical descriptions and analyses of industrialization processes to the
findings of structural analyses of R&D interdependencies within the NSIs.
The paper shows that the national systems tend to cluster in two main
'bulks'. One is centred around industrial chemicals and/or
pharmaceuticals, and the other is centred around communication equipment,
electronics etc. In most cases these clusters do not appear to be closely
technologically related through embodied R&D flows, i.e. it seems
appropriate to assume that two distinct technology bases are at play.
Journal: Economic Systems Research
Pages: 377-399
Issue: 3
Volume: 12
Year: 2000
Keywords: National Systems Of Innovation, Minimal Flow Analysis,
X-DOI: 10.1080/09535310050120943
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:3:p:377-399
Template-Type: ReDIF-Article 1.0
Author-Name: Michael Sonis
Author-X-Name-First: Michael
Author-X-Name-Last: Sonis
Author-Name: J. D. Hewings
Author-X-Name-First: J. D.
Author-X-Name-Last: Hewings
Author-Name: Jiemin Guo
Author-X-Name-First: Jiemin
Author-X-Name-Last: Guo
Title: A New Image of Classical Key Sector Analysis: Minimum Information Decomposition of the Leontief Inverse
Abstract:
This paper provides a theoretical framework for the Rasmussen-Hirschman
key sector analysis based on a minimum information approach. This approach
introduces a separation of information about regional economic structure
into two parts. In the first part, knowledge about economic structure,
extracted on the basis of minimum information included in the row and
column multipliers, is extracted from the Leontief inverse matrix. The
second part presents the specifics of synergetic interactions between
different sectors of the economy. A corresponding intensity matrix
represents the strength of the fields of influence of simultaneous
multiple changes. From this formulation, a minimum information
decomposition of the Leontief inverse is shown to exist and applied to
Chinese input-output tables for 1987 and 1990.
Journal: Economic Systems Research
Pages: 401-423
Issue: 3
Volume: 12
Year: 2000
Keywords: Key Sectors, Minimum Information, Intensity Matrix, China,
X-DOI: 10.1080/09535310050120952
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:3:p:401-423
Template-Type: ReDIF-Article 1.0
Author-Name: Josef Richter
Author-X-Name-First: Josef
Author-X-Name-Last: Richter
Title: In memoriam: Dr Jiri Skolka, 1928-2000
Abstract:
Journal: Economic Systems Research
Pages: 437-438
Issue: 3
Volume: 12
Year: 2000
X-DOI: 10.1080/09535310050120970
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310050120970
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:3:p:437-438
Template-Type: ReDIF-Article 1.0
Author-Name: Amos Golan
Author-X-Name-First: Amos
Author-X-Name-Last: Golan
Author-Name: Stephen Vogel
Author-X-Name-First: Stephen
Author-X-Name-Last: Vogel
Title: Estimation of Non-Stationary Social Accounting Matrix Coefficients with Supply-Side Information
Abstract:
Given aggregated data, a framework for estimating the entries of a social
accounting matrix (SAM), or any large matrix of expenditures, trade or
income flows, is developed. Under this framework it is possible to
evaluate the contribution of structural and supply-side information, as
well as policy variables, within the generalized context of a
non-stationary SAM. Inference and diagnostic properties are developed as
well. This new estimator can be viewed as a generalized maximum likelihood
estimator. Stationary and non-stationary estimates of the US SAM for the
years 1987-1994 together with the effects of supply-side variables are
analyzed.
Journal: Economic Systems Research
Pages: 447-471
Issue: 4
Volume: 12
Year: 2000
Keywords: Information, Maximum Entropy, Maximum Likelihood, Social Accounting Matrix,
X-DOI: 10.1080/09535310020003775
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:4:p:447-471
Template-Type: ReDIF-Article 1.0
Author-Name: Jorge Alarcon
Author-X-Name-First: Jorge
Author-X-Name-Last: Alarcon
Author-Name: Jan Van Heemst
Author-X-Name-First: Jan
Author-X-Name-Last: Van Heemst
Author-Name: Niek De Jong
Author-X-Name-First: Niek
Author-X-Name-Last: De Jong
Title: Extending the SAM with Social and Environmental Indicators: An Application to Bolivia
Abstract:
Extending economic accounts with sets of social and environmental
indicators is a first step towards a more integrated analysis of aspects
of sustainability problems. In this article, therefore, a proposal is made
to nest social and environmental indicators into an existing economic
accounting framework. The Social Accounting Matrix (SAM) is taken as a
basis, because of its flexibility regarding extensions with non-monetary
data addressing social and environmental concerns. The main thrust of the
paper is methodological. From the discussion of methodological issues and
the application to the SAM for Bolivia for the year 1989, it is concluded
that it is, in principle, feasible and relatively simple to extend the SAM
with the two sets of indicators. However, additional data will have to be
collected to be able to address, more adequately, the problems of
sustainability.
Journal: Economic Systems Research
Pages: 473-496
Issue: 4
Volume: 12
Year: 2000
Keywords: Social Accounting Matrix, Environment, Social Indicators, Bolivia,
X-DOI: 10.1080/09535310020003784
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:4:p:473-496
Template-Type: ReDIF-Article 1.0
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Bart Los
Author-X-Name-First: Bart
Author-X-Name-Last: Los
Title: Structural Decomposition Analyses with Dependent Determinants
Abstract:
Structural decomposition techniques are used to break down the changes in
one variable into the changes in its determinants. Typically, these
determinants are assumed to be independent. Using the decomposition of
value added growth as a prototype example, this paper examines the
phenomenon that several of the determinants are not independent. The
determinants are termed fully dependent if changes in one determinant
cannot occur without corresponding changes in another determinant. In most
empirical cases, full dependence exists between groups of determinants,
not between separate determinants. It is indicated that dependencies may
cause a bias in the results of decomposition analyses. An alternative to
overcome this problem is proposed and the findings are illustrated by an
empirical study for The Netherlands 1972-1986.
Journal: Economic Systems Research
Pages: 497-514
Issue: 4
Volume: 12
Year: 2000
Keywords: Structural Decomposition, Value Added Growth, Dependent Variables,
X-DOI: 10.1080/09535310020003793
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:4:p:497-514
Template-Type: ReDIF-Article 1.0
Author-Name: Kazumi Hitomi
Author-X-Name-First: Kazumi
Author-X-Name-Last: Hitomi
Author-Name: Yasuhide Okuyama
Author-X-Name-First: Yasuhide
Author-X-Name-Last: Okuyama
Author-Name: Geoffrey Hewings
Author-X-Name-First: Geoffrey
Author-X-Name-Last: Hewings
Author-Name: Michael Sonis
Author-X-Name-First: Michael
Author-X-Name-Last: Sonis
Title: The Role of Interregional Trade in Generating Change in the Regional Economies of Japan, 1980-1990
Abstract:
An earlier analysis (Hewings et al., 1998) revealed the 'hollowing-out'
process, a decrease in the level of intraregional intermediation, in the
Chicago economy during the period 1975-2011. The main force underlying
this structural change has been the change in regional trade patterns in a
way that interregional trades across economies has replaced the local
purchases of intermediate inputs. The issue addressed in this paper
focuses on the decomposition of structural change into changes in
interregional trade and in technology, in order to investigate the nature
of structural change over time and across sectors. The empirical
realization is provided by reference to a series of regional input-output
tables for a nine-region division of the Japanese economy
(1980-1985-1990). The results revealed that interregional trade has played
a key role in determining regional output level while technology itself
had a tendency to decrease further.
Journal: Economic Systems Research
Pages: 515-537
Issue: 4
Volume: 12
Year: 2000
Keywords: Coefficient Change, Interregional Trade, Decomposition, Japan,
X-DOI: 10.1080/09535310020003801
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Handle: RePEc:taf:ecsysr:v:12:y:2000:i:4:p:515-537
Template-Type: ReDIF-Article 1.0
Author-Name: Bart Los
Author-X-Name-First: Bart
Author-X-Name-Last: Los
Title: Endogenous Growth and Structural Change in a Dynamic Input-Output Model
Abstract:
This paper introduces a simple dynamic input-output model, in which some
of the most important properties of recent endogenous growth theory are
included: innovation, knowledge spillovers, constant returns to scale at
the macro level, and full employment. The wish to keep the hybrid model as
tractable as possible (despite the industry detail) caused some
substantial simplifications: contrary to most endogenous growth models,
the model lacks an explicit microeconomic foundation and disregards any
opportunity for instantaneous substitution. After the constituent
equations are presented, the long-run behavior of the model is studied by
a number of computer simulations for a hypothetical economy. The paper
concludes with some illustrations of the potential practical power of
future interindustry endogenous growth models in integrating issues like
technology, investment, trade and education.
Journal: Economic Systems Research
Pages: 3-34
Issue: 1
Volume: 13
Year: 2001
X-DOI: 10.1080/09535310120026229
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Template-Type: ReDIF-Article 1.0
Author-Name: Elio Londero
Author-X-Name-First: Elio
Author-X-Name-Last: Londero
Title: By-Products
Abstract:
This paper distinguishes between by-products of the activity and those
associated with changes in the demand for another jointly-produced output.
It attempts to define when one or more jointly-produced outputs would be
by-products of the activity and others would be produced at the margin.
The conditions are explored that are necessary for one or more
jointly-produced outputs to be, or behave like, by-products of the
activity. These conditions are expected to help in sorting out by-products
from marginally produced outputs in the preparation of cost structures for
analytic work.
Journal: Economic Systems Research
Pages: 35-45
Issue: 1
Volume: 13
Year: 2001
Keywords: Products, Input-OUTPUT, Joint Production,
X-DOI: 10.1080/09535310120026238
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Template-Type: ReDIF-Article 1.0
Author-Name: Sherman Robinson
Author-X-Name-First: Sherman
Author-X-Name-Last: Robinson
Author-Name: Andrea Cattaneo
Author-X-Name-First: Andrea
Author-X-Name-Last: Cattaneo
Author-Name: Moataz El-Said
Author-X-Name-First: Moataz
Author-X-Name-Last: El-Said
Title: Updating and Estimating a Social Accounting Matrix Using Cross Entropy Methods
Abstract:
The problem in estimating a social accounting matrix (SAM) for a recent
year is to find an efficient and cost-effective way to incorporate and
reconcile information from a variety of sources, including data from prior
years. Based on information theory, the paper presents a flexible 'cross
entropy' (CE) approach to estimating a consistent SAM starting from
inconsistent data estimated with error, a common experience in many
countries. The method represents an efficient information processing
rule-using only and all information available. It allows incorporating
errors in variables, inequality constraints, and prior knowledge about any
part of the SAM. An example is presented, applying the CE approach to data
from Mozambique, using a Monte Carlo approach to compare the CE approach
to the standard RAS method and to evaluate the gains in precision from
utilizing additional information.
Journal: Economic Systems Research
Pages: 47-64
Issue: 1
Volume: 13
Year: 2001
Keywords: Entropy, Cross Entropy, Social Accounting Matrices,
X-DOI: 10.1080/09535310120026247
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:1:p:47-64
Template-Type: ReDIF-Article 1.0
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Title: A Generalized Input-Output Multiplier Calculus for Australia
Abstract:
A static, generalized input-output framework for calculating simple
multipliers is presented for Australian data. In this framework, capital
investment and imports are internalized into domestic inter-industrial
intermediate demand, non-square matrices are introduced in order to enable
the inclusion of finer detail commodity data, and matrices in both
monetary and physical units are employed. A range of labour and energy
multipliers are calculated, referring to total output, final demand, final
consumption, basic values, producers' prices, purchasers' prices,
commodities and industries. Uncertainties of multipliers are assessed in
detail, using Monte Carlo simulations.
Journal: Economic Systems Research
Pages: 65-92
Issue: 1
Volume: 13
Year: 2001
Keywords: Input-OUTPUT Multipliers, Uncertainty Analysis, Australia,
X-DOI: 10.1080/09535310120026256
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:1:p:65-92
Template-Type: ReDIF-Article 1.0
Author-Name: Thijs Ten Raa
Author-X-Name-First: Thijs Ten
Author-X-Name-Last: Raa
Author-Name: Pierre Mohnen
Author-X-Name-First: Pierre
Author-X-Name-Last: Mohnen
Title: The Location of Comparative Advantages on the Basis of Fundamentals Only
Abstract:
We propose a new way to locate the comparative advantages of two
economies linked by international trade. We construct a competitive
benchmark based only on the fundamentals of the two economies: endowments,
preferences and technologies. The direction of trade is endogenously
determined by a linear program with an input-output core. The factor
contents of that trade are compared with factor endowments to test the
Heckscher-Ohlin model in the presence of different technologies and
preferences. We can also evaluate the gains of free bilateral trade. The
model is applied to a customs union between Europe and Canada. The
Heckscher-Ohlin factor abundance specialization hypothesis is supported by
the data.
Journal: Economic Systems Research
Pages: 93-108
Issue: 1
Volume: 13
Year: 2001
Keywords: Comparative Advantage, Gains Free Trade,
X-DOI: 10.1080/09535310120026265
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:1:p:93-108
Template-Type: ReDIF-Article 1.0
Author-Name: Gerd Ahlert
Author-X-Name-First: Gerd
Author-X-Name-Last: Ahlert
Title: The Economic Effects of the Soccer World Cup 2006 in Germany with Regard to Different Financing
Abstract:
This paper presents some results using the sport-economic simulation
model SPORT. This model is based on a sport-specific input-output table
for the year 1993, which has been integrated into the German INFORGE
model. The performance of this model founded on the INFORUM philosophy.
The results illustrate the importance of modelling sport-economic
activities in deep detail, especially the integration of the system of
national accounts. In addition, the results also show that it is possible
to calculate the macroeconomic effects of the soccer World Cup, which may
perhaps be hosted by Germany in 2006, with regard to the different
financing of necessary extensions of public sports infrasfructure. Under
favourable conditions-independent of the type of financing of these
necessary investments-the staging of the soccer World Cup positively
influences income and employment. Such calculations allow the
decision-maker to estimate the opportunity costs of their decisions and
can be the basis for an extended cost-benefit analysis.
Journal: Economic Systems Research
Pages: 109-127
Issue: 1
Volume: 13
Year: 2001
Keywords: Sport-SPECIFIC Input-OUTPUT Table, Soccer World, Sport-ECONOMIC Analysis,
X-DOI: 10.1080/09535310120026274
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310120026274
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:1:p:109-127
Template-Type: ReDIF-Article 1.0
Author-Name: Graham Pyatt
Author-X-Name-First: Graham
Author-X-Name-Last: Pyatt
Title: Some Early Multiplier Models of the Relationship between Income Distribution and Production Structure
Abstract:
Early efforts to endogenize consumption and hence to model the
inter-relationships between production structures and income distribution
via multiplier models are reviewed in this paper. It is suggested that,
unlike the multipliers in Pyatt et al. (1973), the so-called Miyazawa
multipliers cannot be sustained in the context of a model of the
distribution of income among institutions (households, companies, etc)
i.e. the institutional distribution of income. They can, however, be
sustained within a model of the distribution of income among factors, i.e.
the factorial distribution of income. Both distributions are modelled by
Pyatt & Round (1979) which therefore provides a more general framework for
analysing the relationship between the distribution of income and the
structure of production.
Journal: Economic Systems Research
Pages: 139-163
Issue: 2
Volume: 13
Year: 2001
Keywords: Multipliers, Social Accounting Matrices,
X-DOI: 10.1080/09537320120052434
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09537320120052434
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:2:p:139-163
Template-Type: ReDIF-Article 1.0
Author-Name: Michael Lahr
Author-X-Name-First: Michael
Author-X-Name-Last: Lahr
Title: Reconciling Domestication Techniques, the Notion of Re-exports and Some Comments on Regional Accounting
Abstract:
Recent work by Jackson (1998) subtly pointed out a means of forming
direct input coefficient matrices from national technology that is
different from that published elsewhere. In this paper, I rationalize his
approach and also point out that prior approaches may still be useful in
certain applications where the phenomenon of re-exports (imports that
satisfy exports) are explicit in exports accounts. In the second half of
this paper, I show some means of developing regional accounts, currently
being used in the US, that are more elaborate than those Jackson
discussed. For example, I substitute regional shares of employment with
earnings shares to obtain productivity adjusted regional output. I also
suggest using available regional value added and regional labour income
when producing regional Use matrices.
Journal: Economic Systems Research
Pages: 165-179
Issue: 2
Volume: 13
Year: 2001
Keywords: Regional Accounts, Commodity Industry, International Trade,
X-DOI: 10.1080/09537320120052443
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09537320120052443
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:2:p:165-179
Template-Type: ReDIF-Article 1.0
Author-Name: Mark De Haan
Author-X-Name-First: Mark
Author-X-Name-Last: De Haan
Title: A Structural Decomposition Analysis of Pollution in the Netherlands
Abstract:
This paper reviews the results of a structural decomposition analysis in
which the annual changes in a number of air pollutants and solid waste are
decomposed according to their causes. The analysis in this paper is
applied with the help of the so-called National Accounting Matrix
including Environmental Accounts (NAMEA) for the Netherlands, covering
annual data for the period 1987-1998. In a sensitivity analysis it is
shown that the average of any pair of so-called 'mirror image'
decomposition forms will substantially reduce the variation in the
estimates. These mirror image couples are approximately just as reliable
as the full average of all decomposition forms. Besides reliable results,
the full average also foresees the mutual comparability between the
distinguished change factors and is therefore applied in the empirical
analyses presented in this paper. The results of these analyses contain
the macro-economic developments, results on the industry level as well as
a comprehensive overview of the origin and destination of pollution in the
Dutch economy that includes the environmental consequences of consumption
and international trade.
Journal: Economic Systems Research
Pages: 181-196
Issue: 2
Volume: 13
Year: 2001
Keywords: Structural Decomposition Analysis, National Accounting Matrix, Environmental Accounts, Namea,
X-DOI: 10.1080/09537320120052452
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09537320120052452
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:2:p:181-196
Template-Type: ReDIF-Article 1.0
Author-Name: Kenneth Reinert
Author-X-Name-First: Kenneth
Author-X-Name-Last: Reinert
Author-Name: David Roland-Holst
Author-X-Name-First: David
Author-X-Name-Last: Roland-Holst
Title: Industrial Pollution Linkages in North America: A Linear Analysis
Abstract:
In recent years, a surge of interest in the linkages between trade and
the environment has occurred in the contexts of both regional and
multilateral trade agreements. In this paper, we utilize a three-country,
social accounting matrix (SAM) of the North American economy and data from
the World Bank's Industrial Pollution Projection System (IPPS) to conduct
a linear multiplier analysis of industrial pollution linkages in North
America. We provide estimates of both direct and indirect inter-country
effects for a detailed set of industrial pollutants. The strongest
linkages occur in the petroleum, chemicals, paper, base metals, and
transportation equipment sectors.
Journal: Economic Systems Research
Pages: 197-208
Issue: 2
Volume: 13
Year: 2001
Keywords: Nafta, Pollution, Social Accounting Matricesy, Multiplier Analysis,
X-DOI: 10.1080/09537320120052461
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09537320120052461
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:2:p:197-208
Template-Type: ReDIF-Article 1.0
Author-Name: Roman Kiedrowski
Author-X-Name-First: Roman
Author-X-Name-Last: Kiedrowski
Title: A Turnpike Theorem in the Closed Dynamic Leontief Model with a Singular Matrix of Capital Coefficients
Abstract:
The paper refers to the well-known Tsukui turnpike theorem on convergence
of optimal growth trajectories in the closed dynamic Leontief model to the
maximum balanced growth trajectory, called turnpike. In the original proof
of this theorem, the assumption that the matrix B of capital coefficients
is non-singular plays an essential role. For many reasons this assumption,
very convenient for theoretical analysis, is not always satisfied in
input-output systems built for empirical purposes. This paper fills the
gap between theory and empirical studies, presenting a proof that
convergence of optimal trajectories towards the turnpike is also a
characteristic feature of the closed Leontief model in the case when
matrix B is singular. The general idea of the proof is based on the
approximation of a singular matrix B by an infinite sequence of
non-singular matrices.
Journal: Economic Systems Research
Pages: 209-222
Issue: 2
Volume: 13
Year: 2001
Keywords: K Eywords Optimal Growth, Turnpike Theorem, Dynamic Leontief Model, Singular Matrix,
X-DOI: 10.1080/09537320120064885
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09537320120064885
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:2:p:209-222
Template-Type: ReDIF-Article 1.0
Author-Name: Aying Liu
Author-X-Name-First: Aying
Author-X-Name-Last: Liu
Author-Name: David Saal
Author-X-Name-First: David
Author-X-Name-Last: Saal
Title: Structural Change in Apartheid-era South Africa: 1975-93
Abstract:
This paper examines the sources of structural changes in output growth of
South Africa's economy over 1975-93 using a decomposition method within
the inputoutput (IO) framework for analysing output changes from a demand
side perspective. It decomposes output growth into private consumption,
government consumption, investment and export components and also measures
the impact of import substitution and changes in intermediate input use
(as indicated by changes in IO coefficients). It is found that, before
1981, overall output growth was multi-components driven with all the above
components contributing positively to economic growth. However, the
collapse of investment demand is by far the single largest factor
contributing to the economic stagnation that categorizes the post-1981
period.
Journal: Economic Systems Research
Pages: 235-257
Issue: 3
Volume: 13
Year: 2001
Keywords: Output Growth, Structural Change, Decomposition, South Africa,
X-DOI: 10.1080/09537320120070130
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09537320120070130
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:3:p:235-257
Template-Type: ReDIF-Article 1.0
Author-Name: Mette Wier
Author-X-Name-First: Mette
Author-X-Name-Last: Wier
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Jesper Munksgaard
Author-X-Name-First: Jesper
Author-X-Name-Last: Munksgaard
Author-Name: Sinne Smed
Author-X-Name-First: Sinne
Author-X-Name-Last: Smed
Title: Effects of Household Consumption Patterns on CO2 Requirements
Abstract:
In order to evaluate the relation between the consumption pattern of
various household types and their CO2 requirements, we combine
input-output tables energy flow matrices, CO2 emissions factors, and
national consumer survey statistics into an integrated modelling
framework, and relate differences in household types to differences in
private consumption and again to differences in CO2 emissions. We identify
household characteristics with a significant influence on CO2 emissions.
Comparing our results with those of other studies reveals that national
differences in climate and population density cause differences in the
contribution to CO2 emissions. Finally, national differences in income and
expenditure elasticities of both energy and CO2 are due to differences in
the disparity in CO2 intensities amongst commodities and to the model's
assumptions on foreign technology.
Journal: Economic Systems Research
Pages: 259-274
Issue: 3
Volume: 13
Year: 2001
Keywords: Co2 Emissions, Consumption Patterny, Household Characteristics,
X-DOI: 10.1080/09537320120070149
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09537320120070149
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:3:p:259-274
Template-Type: ReDIF-Article 1.0
Author-Name: Jose Euclides Cavalcanti
Author-X-Name-First: Jose Euclides
Author-X-Name-Last: Cavalcanti
Title: Income Distributive Effects in the Brazilian Economy
Abstract:
Studies aiming to evaluate the structural distribution of economic
impacts usually treat consumption demand as an exogenous variable. In this
case, the Leontief matrix multiplier lacks the multiplier process via the
consumption function that one customarily finds in a Keynesian model. To
regard the consumption as a fictitious production activity is not the
appropriate procedure. Instead, the Keynesian consumption function is
introduced at a disaggregated level. For that, a matrix multiplier was
formulated in order to combine Leontief's propagation process with the
Keynesian propagation process. This matrix includes the effects of
endogenous changes in consumption demand. Based on the present production
structure in Brazil, the results show how the propagation effect directs
the induced income towards capitalists, depriving wage earners. The model
also allows for evaluation of diverse effects of the propagation process
according to income and consumption coefficients by sector.
Journal: Economic Systems Research
Pages: 275-287
Issue: 3
Volume: 13
Year: 2001
Keywords: Miyazawa, Income Distribution, Impact Analysis,
X-DOI: 10.1080/09537320120070158
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09537320120070158
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:3:p:275-287
Template-Type: ReDIF-Article 1.0
Author-Name: Christian Bidard
Author-X-Name-First: Christian
Author-X-Name-Last: Bidard
Author-Name: Tom Schatteman
Author-X-Name-First: Tom
Author-X-Name-Last: Schatteman
Title: The Spectrum of Random Matrices
Abstract:
The Frobenius eigenvector of a positive square matrix is obtained by
iterating the multiplication of an arbitrary positive vector by the
matrix. Brody (1997) noticed that, when the entries of the matrix are
independently and identically distributed, the speed of convergence
increases statistically with the dimension of the matrix. As the speed
depends on the ratio between the subdominant and the dominant eigenvalues,
Brody's conjecture amounts to stating that this ratio tends to zero when
the dimension tends to infinity. The paper provides a simple proof of the
result. Some mathematical and economic aspects of the problem are
discussed.
Journal: Economic Systems Research
Pages: 289-298
Issue: 3
Volume: 13
Year: 2001
Keywords: Brodyy, Dominant Eigenvalues, Frobenius,
X-DOI: 10.1080/09537320120070167
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09537320120070167
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:3:p:289-298
Template-Type: ReDIF-Article 1.0
Author-Name: Lisheng Zeng
Author-X-Name-First: Lisheng
Author-X-Name-Last: Zeng
Title: A Property of the Leontief Inverse and its Applications to Comparative Static Analysis
Abstract:
We arbitrarily choose a submatrix of order 2 in the Leontief inverse
matrix B . If a main diagonal element in the submatrix is a main diagonal
element in B , then the determinant of the submatrix is non-negative; in
particular, if the two main diagonal elements in the submatrix are all the
main diagonal elements in B , then the determinant of the submatrix is
greater than or equal to 1. This property can be used in the comparative
static analysis for the input-output model. For example, when the change
only occurs in one sectoral final demand or one corresponding row of the
input coefficient matrix, which leads to a change of this sectoral gross
output, the equivalent conditions that the absolute value of the rate of
change of this sectoral gross output is larger than or equal to all other
sectoral change rates and larger than at least one sectoral rate of change
are shown. It is impossible to derive the exact results for the
comparative static analysis if the property is not applied. A previous
fault confirms this point.
Journal: Economic Systems Research
Pages: 299-315
Issue: 3
Volume: 13
Year: 2001
Keywords: Leontief Inverse, Comparative Static Analysis, Input-OUTPUT Model,
X-DOI: 10.1080/09537320120070185
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:3:p:299-315
Template-Type: ReDIF-Article 1.0
Author-Name: Michael Lahr
Author-X-Name-First: Michael
Author-X-Name-Last: Lahr
Title: Report on the Macerata Conference
Abstract:
Journal: Economic Systems Research
Pages: 317-318
Issue: 3
Volume: 13
Year: 2001
X-DOI: 10.1080/09537320120070194
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09537320120070194
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:3:p:317-318
Template-Type: ReDIF-Article 1.0
Author-Name: Shigemi Kagawa
Author-X-Name-First: Shigemi
Author-X-Name-Last: Kagawa
Author-Name: Hajime Inamura
Author-X-Name-First: Hajime
Author-X-Name-Last: Inamura
Title: A Structural Decomposition of Energy Consumption Based on a Hybrid Rectangular Input-Output Framework: Japan's Case
Abstract:
This paper proposes an I-O SDA model, based on a commodity technology
assumption, to identify the sources of changes in the energy demand
structure, the non-energy input structure, the non-energy product-mix and
the non-energy final demand of embodied energy requirements. The model
contains two features. First, the hybrid rectangular input-output
framework expressed in both monetary and physical terms is introduced to
relax the effects of different energy prices among industrial sectors on
the input structure in physical terms. Second, the demand structure of the
input-output system is decomposed into the structure of energy sectors and
other sectors by applying the hierarchy system with feedback loops of
non-energy sectors. We identify the sources of the changes in Japan's
energy use structure between 1985 and 1990. The major findings are that
the total energy requirement has increased, mainly because of the changes
in the non-energy final demand, while the product-mix changes have
opposite effects, that is, energy savings.
Journal: Economic Systems Research
Pages: 339-363
Issue: 4
Volume: 13
Year: 2001
Keywords: Hybrid Rectangular Input-OUTPUT Framework, Hierarchy System, Structural Decomposition Analysis,
X-DOI: 10.1080/09535310120089752
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310120089752
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:4:p:339-363
Template-Type: ReDIF-Article 1.0
Author-Name: Rossella Bardazzi
Author-X-Name-First: Rossella
Author-X-Name-Last: Bardazzi
Author-Name: Marco Barnabani
Author-X-Name-First: Marco
Author-X-Name-Last: Barnabani
Title: A Long-run Disaggregated Cross-section and Time-series Demand System: An Application to Italy
Abstract:
In this paper, we study a long-run disaggregated model of consumption
following an approach based on an integrated cross-section and time-series
demand system. The study consists of three steps. First, a cross-section
analysis is performed on data from household budget surveys. At this
stage, the problem of 'zero expenditures' is solved. The cross-section
results are transformed into variables for use in the time-series system
of demand. Then, this demand system is built and estimated. Some results
for Italy concerning both the cross-section and the time-series analyses
are presented.
Journal: Economic Systems Research
Pages: 365-389
Issue: 4
Volume: 13
Year: 2001
Keywords: Demand Systems, Cross-SECTION And Time Series Models, Lon-RUN Disaggregated Models,
X-DOI: 10.1080/09535310120089761
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310120089761
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:4:p:365-389
Template-Type: ReDIF-Article 1.0
Author-Name: Victoria Shestalova
Author-X-Name-First: Victoria
Author-X-Name-Last: Shestalova
Title: General Equilibrium Analysis of International TFP Growth Rates
Abstract:
The paper presents a study of the total factor productivity (TFP)
performance among developed countries between 1985 and 1990. The analysis
includes the three large economies: the US, Japan and Europe. A general
equilibrium model of these economies is used to estimate TFP growth at the
sectoral and at the aggregate levels. The model is based on the
fundamentals of the economies and employs only data on input-output flows,
factor inputs across sectors, consumption and trade patterns and
endowments. Prices are endogenous in the model. They are obtained as
shadow prices from the model's linear program and then used to measure TFP
growth and decompose it in a technical change effect, a demand effect and
a terms-of-trade effect. The technical change effect is highly correlated
with the conventional Solow residual measure. This result lends support to
the standard measure of technological change.
Journal: Economic Systems Research
Pages: 391-404
Issue: 4
Volume: 13
Year: 2001
Keywords: Total Factor Productivity Growth, Input-OUTPUT Tables, Equilibrium,
X-DOI: 10.1080/09535310120089770
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310120089770
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:4:p:391-404
Template-Type: ReDIF-Article 1.0
Author-Name: Guido Cella
Author-X-Name-First: Guido
Author-X-Name-Last: Cella
Author-Name: Giovanni Pica
Author-X-Name-First: Giovanni
Author-X-Name-Last: Pica
Title: Inefficiency Spillovers in Five OECD Countries: An Interindustry Analysis
Abstract:
Empirical studies have widely demonstrated that real-world activities are
rarely on their production frontier. Hence, an obvious concern arises
towards the detection of inefficiencies affecting sectoral performances.
The current literature and practice have widely explored the sources of
inefficiency internal to decision-making units. This paper argues that a
major role is played by external effects due to inefficiency spillovers
propagating through interindustry transactions. In order to take this
mechanism into account, the paper suggests assessing sectoral performances
by a system approach that makes use of shadow prices of intermediate
inputs. Our approach is able to disentangle sectoral inefficiencies into
internal sectoral inefficiencies and inefficiencies imported from other
sectors. The latter component is due to inefficiency spillovers that
appear to be empirically relevant in all sectors of five OECD countries.
Journal: Economic Systems Research
Pages: 405-416
Issue: 4
Volume: 13
Year: 2001
Keywords: Inefficiency, Spilloversy, Production Frontier,
X-DOI: 10.1080/09535310120089789
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310120089789
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:4:p:405-416
Template-Type: ReDIF-Article 1.0
Author-Name: Gulay Gunlu k-Senesen
Author-X-Name-First: Gulay Gunlu
Author-X-Name-Last: k-Senesen
Author-Name: Umit Senesen
Author-X-Name-First: Umit
Author-X-Name-Last: Senesen
Title: Reconsidering Import Dependency in Turkey: The Breakdown of Sectoral Demands with Respect to Suppliers
Abstract:
The common practice for finding direct and indirect import requirements
in response to domestic final demand changes involves multiplication of
the direct imports coefficients matrix by the Leontief inverse matrix of
domestic coefficients. The outcome is usually referred to as the import
dependency matrix, a typical element of which gives intermediate import
demand, induced by the domestic final demand (policy) sector (column),
from the foreign (origin) sector (row). We propose an alternative
methodology to capture all three dimensions of import dependency, i.e.
origin, destination and policy. The information content of the import
dependency matrix is expanded by information on domestic sectors
(destination) which demand intermediate imports. Calculations reveal some
interesting features of import dependency in Turkey, namely that policy
sectors mostly coincide with destination sectors, that oil refinery
emerges as a leading destination sector for all, and that raw petroleum is
a leading origin sector.
Journal: Economic Systems Research
Pages: 417-428
Issue: 4
Volume: 13
Year: 2001
Keywords: Imports Turkey,
X-DOI: 10.1080/09535310120089798
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310120089798
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:4:p:417-428
Template-Type: ReDIF-Article 1.0
Author-Name: Masahiro Kuroda
Author-X-Name-First: Masahiro
Author-X-Name-Last: Kuroda
Title: Annual Report of the IIOA, 2000
Abstract:
Journal: Economic Systems Research
Pages: 429-435
Issue: 4
Volume: 13
Year: 2001
X-DOI: 10.1080/09535310020089798
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310020089798
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Handle: RePEc:taf:ecsysr:v:13:y:2001:i:4:p:429-435
Template-Type: ReDIF-Article 1.0
Author-Name: Sherman Robinson
Author-X-Name-First: Sherman
Author-X-Name-Last: Robinson
Author-Name: Zhi Wang
Author-X-Name-First: Zhi
Author-X-Name-Last: Wang
Author-Name: Will Martin
Author-X-Name-First: Will
Author-X-Name-Last: Martin
Title: Capturing the Implications of Services Trade Liberalization
Abstract:
This paper evaluates the impact of service sector trade liberalization on
the world economy by a ten-region, eleven-sector CGE model with import
embodied technology transfer from developed countries to developing
countries. Simulation results show that service sector trade
liberalization not only directly affects world service production and
trade, but also has significant implications for other sectors in the
economy. The major channel of the impact is through inter-industry
input-output relations and TFP growth induced from services imported by
developing countries from developed countries, which may be embodied with
new information and advanced technology.
Journal: Economic Systems Research
Pages: 3-33
Issue: 1
Volume: 14
Year: 2002
Keywords: Service, Trade, Liberalization, Inter-INDUSTRY, Links, Import, Embodied, Technology, Transfer, Model,
X-DOI: 10.1080/09535310220111806
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310220111806
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:1:p:3-33
Template-Type: ReDIF-Article 1.0
Author-Name: Taran Fæhn
Author-X-Name-First: Taran
Author-X-Name-Last: Fæhn
Title: The Qualitative and Quantitative Significance of Non-Tariff Barriers: An ERP study of Norway
Abstract:
Along with a de-escalation of tariffsin most industrialized countries, a
wide range of Non-Tariff Barriers (NTBs) has been developed. NTBs are more
challenging to study than tariffsbecause they are more difficult to detect
and measure, and because the qualitative functioning of NTBs varies
according to their design. In particular, equivalent tariff rate estimates
on import quantity restrictions will endogenously react to domestic market
shifts, for instance as a result of shifts in other commercial policy
measures. Besides emphasizing the quantitative dominance of NTBs to
tariffs in the Norwegian trade policy system, this study of Effective
Rates of Protection clearly illustrates that it may be critical for trade
policy studies to model qualitatively the interdependency between
different policy measures.
Journal: Economic Systems Research
Pages: 35-57
Issue: 1
Volume: 14
Year: 2002
Keywords: Non-TARIFF Barriers, Trade, Policy, Analyses, Effective, Protection, Input-OUTPUT, Analysis,
X-DOI: 10.1080/09535310220111815
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310220111815
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:1:p:35-57
Template-Type: ReDIF-Article 1.0
Author-Name: Kiyoshi Fujikawa
Author-X-Name-First: Kiyoshi
Author-X-Name-Last: Fujikawa
Author-Name: Carlo Milana
Author-X-Name-First: Carlo
Author-X-Name-Last: Milana
Title: Input-Output Decomposition Analysis of Sectoral Price Gaps between Japan and China
Abstract:
Sectoral price gaps that were observed in 1990 between Japan and China
are studied in this paper by using a decomposition procedure within the
input-output framework. The empirical results show that Japan exhibited
producer prices that were higher than those observed in China mainly
because it registered higher wages that were only partially offset by
higher productivity. The effects on output cost gaps of primaryinput price
differences and relative productivity levels are analysed. The effects
arising from the use of direct inputs as well as the indirect effects that
are incorporated into the difference of intermediate-input prices are
accounted for by means of an input-output decomposition technique.
Journal: Economic Systems Research
Pages: 59-79
Issue: 1
Volume: 14
Year: 2002
Keywords: Input-OUTPUT, Decomposition, Price, Gaps, China, Japan,
X-DOI: 10.1080/09535310220111824
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Template-Type: ReDIF-Article 1.0
Author-Name: Juan Carlos Collado
Author-X-Name-First: Juan Carlos
Author-X-Name-Last: Collado
Author-Name: Ferran Sancho
Author-X-Name-First: Ferran
Author-X-Name-Last: Sancho
Title: Recovering Hidden Indirect Tax Rates for Improved Calibration in Multisectoral Modelling
Abstract:
We explain in this work why a straight calibration to published
input-output or SAM data in multisectoral modelling may lead to the use of
an incorrect representation of the productive technology, hence casting
doubts on the value of the empirical results. The culprit is the possible
presence of indirect taxation in the form of, for instance, a value-added
tax. We show how to unveil the hidden tax rates so as to clean up
published data of this possibly distorting presence and therefore
calibrate the correct production technology. This technology can then be
used for multisectoral (i.e. CGE, input-output) analysis and simulations.
Journal: Economic Systems Research
Pages: 81-88
Issue: 1
Volume: 14
Year: 2002
Keywords: Input-OUTPUT, Data, Calibration, General, Equilibrium, Models,
X-DOI: 10.1080/09535310220111833
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310220111833
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:1:p:81-88
Template-Type: ReDIF-Article 1.0
Author-Name: Kazuhiko Nishimura
Author-X-Name-First: Kazuhiko
Author-X-Name-Last: Nishimura
Title: Introduction of New Technology with a Sound Transition of the Input-Output Structure
Abstract:
We examine the general equilibrium repercussions associated with the
introduction of new technologies, using the generalized Leontief system
that allows technological substitutions. We show that an untested
introduction of cost-increasing technologies in any industry may result in
creating a non-productive technological structure that does not satisfy
the Hawkins-Simon condition, following the autonomous dynamic adjustment
process with structural transitions in the economic system. Therefore, we
propose a practicable control scheme of introducing cost-increasing
technologies that strictly avoids the creation of non-productive
structures in all periods of structural transition, using the available
information on the ex ante technological structure.
Journal: Economic Systems Research
Pages: 89-94
Issue: 1
Volume: 14
Year: 2002
Keywords: Technology, Introduction, Generalized, Leontief, System, Hawkins-SIMON, Condition, Dynamic, Adjustment, Process,
X-DOI: 10.1080/09535310220111842
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310220111842
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:1:p:89-94
Template-Type: ReDIF-Article 1.0
Author-Name: Lisheng Zeng
Author-X-Name-First: Lisheng
Author-X-Name-Last: Zeng
Title: Erratum to 'A Property of the Leontief Inverse and its Applications to Comparative Static Analysis'
Abstract:
Journal: Economic Systems Research
Pages: 103-103
Issue: 1
Volume: 14
Year: 2002
X-DOI: 10.1080/09535310210644
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310210644
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:1:p:103-103
Template-Type: ReDIF-Article 1.0
Author-Name: Sikhanwita Roy
Author-X-Name-First: Sikhanwita
Author-X-Name-Last: Roy
Author-Name: Tuhin Das
Author-X-Name-First: Tuhin
Author-X-Name-Last: Das
Author-Name: Debesh Chakraborty
Author-X-Name-First: Debesh
Author-X-Name-Last: Chakraborty
Title: A Study on the Indian Information Sector: An Experiment with Input-Output Techniques
Abstract:
It is widely recognized that rapid changes in information
technology (IT) are bringing about major structural changes in the
economies of the world. Information flexibility, product quality and fast
response are the key factors for global competition and IT plays a
critical role in these areas. Policy-makers in industrialized and
developing countries view IT as a critical infrastructure to enhance their
access to global knowledge, markets and capital. These views--of IT as
infrastructure and as core capability for development--resonate with
India's aspirations to modernize its infrastructure, transform its
industry and join the global economy. Realizing the huge potential of the
Indian IT industry, we make an attempt in this paper to study the extent
of informatization in the Indian economy during the period 1983-84 to
1989-90 and try to identify the information intensive sectors. This paper
also studies the sources of growth of the information sectors of India
during 1983-84 to 1989-90 with the help of a structural decomposition
analysis (SDA).
Journal: Economic Systems Research
Pages: 107-129
Issue: 2
Volume: 14
Year: 2002
Month: 6
X-DOI: 10.1080/09535310220140924
File-URL: http://hdl.handle.net/10.1080/09535310220140924
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:2:p:107-129
Template-Type: ReDIF-Article 1.0
Author-Name: Alex R. Hoen
Author-X-Name-First: Alex R.
Author-X-Name-Last: Hoen
Title: Identifying Linkages with a Cluster-based Methodology
Abstract:
Although many methods for studying linkages between economic
sectors exist, most methods only analyse the linkages between a specific
sector and all other sectors, or the effects of all sectors on the economy
as a whole. Cluster analysis may be helpful to analyse which sectors are
strongly connected to each other, when no specific sector is given in
advance. The present article reviews how cluster analysis contributes to
the analysis of intersectoral linkages. Furthermore, it describes several
possible identification methods of these clusters. After selecting the
best method, the article provides an index that can be used to compute the
degree of similarity between clusters in different regions, countries, or
time periods.
Journal: Economic Systems Research
Pages: 131-146
Issue: 2
Volume: 14
Year: 2002
Month: 6
X-DOI: 10.1080/09535310220140933
File-URL: http://hdl.handle.net/10.1080/09535310220140933
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:2:p:131-146
Template-Type: ReDIF-Article 1.0
Author-Name: Mark S. Leclair
Author-X-Name-First: Mark S.
Author-X-Name-Last: Leclair
Title: Export Composition and Manufacturing Employment in the US during the Economic Downturn of 1991-92
Abstract:
This paper examines the effect that export composition had
upon manufacturing employment in the US during the 1991 recession.
Although it takes, on average, approximately $66 000 in exports to create
one job, the exact gains in terms of total employment depend upon the
labour-intensity of the products being exported. Foreign sales by the
chemical and textile industries result in a far greater increase in
employment than exports by the petroleum refining or steel industries.
This analysis estimates the employment effects of manufacturing exports
over the 1989-95 period, utilizing an input-output model to capture both
direct and indirect effects. The results demonstrate that export
composition has, at times, both strengthened and reduced demand for
labour. Consequently, if job-creation is a national goal, it may be in the
interests of the US to promote exports from sectors that are labour-using.
Journal: Economic Systems Research
Pages: 147-156
Issue: 2
Volume: 14
Year: 2002
Month: 6
X-DOI: 10.1080/09535310220140942
File-URL: http://hdl.handle.net/10.1080/09535310220140942
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:2:p:147-156
Template-Type: ReDIF-Article 1.0
Author-Name: Finn Tarp
Author-X-Name-First: Finn
Author-X-Name-Last: Tarp
Author-Name: David Roland-Holst
Author-X-Name-First: David
Author-X-Name-Last: Roland-Holst
Author-Name: John Rand
Author-X-Name-First: John
Author-X-Name-Last: Rand
Title: Trade and Income Growth in Vietnam: Estimates from a New Social Accounting Matrix
Abstract:
Economic reforms and greater outward orientation are giving
rise to extensive structural change in the Vietnamese economy. Because of
the leverage that global markets can exert on an emerging economy, such
adjustments will be particularly significant in the composition of
domestic supply and demand. As domestic protection levels are reduced and
external market access increases, trade growth and shifting trade patterns
will have pervasive effects on income distribution in Vietnam. In this
paper, we use a newly estimated Vietnam social accounting matrix to
elucidate the links between trade and income in the country. With matrix
decomposition methods, we show how the Vietnamese economy propagates the
direct effects of external demand across the spectrum of domestic
activities, factors, and households. This detailed analysis provides a
blueprint for policies to improve economic participation of activities and
households with relatively weak linkages to the rest of the economy.
Journal: Economic Systems Research
Pages: 157-184
Issue: 2
Volume: 14
Year: 2002
Month: 6
X-DOI: 10.1080/09535310220140951
File-URL: http://hdl.handle.net/10.1080/09535310220140951
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:2:p:157-184
Template-Type: ReDIF-Article 1.0
Author-Name: Shigemi Kagawa
Author-X-Name-First: Shigemi
Author-X-Name-Last: Kagawa
Author-Name: Hajime Inamura
Author-X-Name-First: Hajime
Author-X-Name-Last: Inamura
Author-Name: Yuichi Moriguchi
Author-X-Name-First: Yuichi
Author-X-Name-Last: Moriguchi
Title: The Invisible Multipliers of Joint-products
Abstract:
This paper proposes a hybrid input-output model to estimate
the intermediate requirements embodied in the final disposal--such as
reclamation and incineration - of non-marketable scraps and wastes from
industries or households. The model is based on a mixed technology
assumption in order to connect the monetary distribution of the ordinary
goods and services with the physical distribution of the scraps and wastes
as joint-products. Moreover, some demand-pulled invisible multipliers, in
terms of the scraps and wastes, have been explored by performing a
numerical simulation. From the invisible multipliers, we find the
paradoxical phenomenon that the reduction in the amount of final disposal
and the promotion of material recycling decreases the intermediate demand
of the scraps and wastes for material recycling if there is a time-lag in
the introduction of the appropriate recycling technology.
Journal: Economic Systems Research
Pages: 185-203
Issue: 2
Volume: 14
Year: 2002
Month: 6
X-DOI: 10.1080/09535310220140960
File-URL: http://hdl.handle.net/10.1080/09535310220140960
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:2:p:185-203
Template-Type: ReDIF-Article 1.0
Author-Name: Robert Stehrer
Author-X-Name-First: Robert
Author-X-Name-Last: Stehrer
Title: Dynamics of Trade Integration and Technological Convergence
Abstract:
The issue of the impact of trade on economic performance and labour
markets has been intensively discussed in recent literature on trade
liberalization and globalization, where the debate was mainly about
identifying the relative impact of trade and technology. The bulk of the
existing literature in this area employs, almost without exception, a
static Heckscher-Ohlin framework that seems not to be a suitable tool for
analysing the ongoing dynamics. This paper presents a dynamic
multi-sectoral framework with heterogenous labour to explore the issue of
trade liberalization and sectoral catching-up in productivity levels. The
model is basically an input-output framework with Schumpeterian features;
the latter are modelled as the impact of transitory rents that result from
uneven productivity growth and technological catching-up upon the price
and quantity systems of the trading economies. Relative productivity and
wage rate dynamics across sectors determine the comparative costs and the
dynamics of trade specialization. In the Appendix, the equilibrium
solutions of the model are derived.
Journal: Economic Systems Research
Pages: 219-244
Issue: 3
Volume: 14
Year: 2002
Keywords: Trade Liberalization, Economic Integration, Labour Markets, Economic Dynamics,
X-DOI: 10.1080/0953531022000002486
File-URL: http://www.tandfonline.com/doi/abs/10.1080/0953531022000002486
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:3:p:219-244
Template-Type: ReDIF-Article 1.0
Author-Name: Giandemetrio Marangoni
Author-X-Name-First: Giandemetrio
Author-X-Name-Last: Marangoni
Author-Name: Giulio Fezzi
Author-X-Name-First: Giulio
Author-X-Name-Last: Fezzi
Title: Input-Output for Management Control: The Case of GlaxoSmithKline
Abstract:
In this paper, we present an application of input-output analysis to
management control and strategic planning for a pharmaceutical company.
The model highlights the complex system of relationships between the
different strategic business areas of the company and provides a tool for
forecasting the dynamics of production, profits and internally shared
services.
Journal: Economic Systems Research
Pages: 245-256
Issue: 3
Volume: 14
Year: 2002
Keywords: Input-OUTPUT Analysis, Enterprise Management, Strategic Planning,
X-DOI: 10.1080/0953531022000002495
File-URL: http://www.tandfonline.com/doi/abs/10.1080/0953531022000002495
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:3:p:245-256
Template-Type: ReDIF-Article 1.0
Author-Name: Fidel Aroche-Reyes
Author-X-Name-First: Fidel
Author-X-Name-Last: Aroche-Reyes
Title: Structural Transformations and Important Coefficients in the North American Economies
Abstract:
This paper assesses a few issues related to the question of finding the
so-called important coefficients in an input-output table. Further, these
coefficients are located in the corresponding matrices of Canada, the USA
and Mexico. Important coefficients are analysed employing graph
theoretical tools as well as qualitative input-output concepts and
techniques. Empirical results are discussed in terms of the possible
implications for trade and regional integration which, presumably, would
have deepened in the 1990s.
Journal: Economic Systems Research
Pages: 257-273
Issue: 3
Volume: 14
Year: 2002
Keywords: Economic Structures, Important Coefficients, Qualitative Input-OUTPUT Analysis, Graphs,
X-DOI: 10.1080/0953531022000002503
File-URL: http://www.tandfonline.com/doi/abs/10.1080/0953531022000002503
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:3:p:257-273
Template-Type: ReDIF-Article 1.0
Author-Name: Chokri Dridi
Author-X-Name-First: Chokri
Author-X-Name-Last: Dridi
Author-Name: Geoffrey Hewings
Author-X-Name-First: Geoffrey
Author-X-Name-Last: Hewings
Title: An Investigation of Industry Associations, Association Loops and Economic Complexity: Application to Canada and the United States
Abstract:
Various methods were proposed to understand the linkages in an
input-output system; however, many have focused only on the identification
of key sectors in the economy. An alternative approach, identifying
analytically the importance of elements and combinations of elements was
proposed as a field of influence theory (Sonis et al. , 1996). The purpose
of this paper is to offer a complementary approach to the field of
influence and the so-called 'Matrioshka principal' (Sonis & Hewings,
1990); the objectives are to identify simple row-column associations (i.e.
statistical dependence), seek hierarchical associations between supply and
demand in input-output systems and the decomposition of economic
complexity into finite stages. For the identification of simple
dependencies between rows and columns, we use a log-linear regression and
for hierarchical associations and the identification of complexity stages,
we use the data analysis technique known as dual scaling. Results of both
approaches will be applied to input-output tables of the US and Canada.
Journal: Economic Systems Research
Pages: 275-296
Issue: 3
Volume: 14
Year: 2002
Keywords: Dual Scaling, Industry Associations, Loops, Economic Complexity,
X-DOI: 10.1080/0953531022000002512
File-URL: http://www.tandfonline.com/doi/abs/10.1080/0953531022000002512
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:3:p:275-296
Template-Type: ReDIF-Article 1.0
Author-Name: Albert Steenge
Author-X-Name-First: Albert
Author-X-Name-Last: Steenge
Title: Obituary: Norms, Values and Verification; Francis Seton Remembered
Abstract:
Journal: Economic Systems Research
Pages: 301-305
Issue: 3
Volume: 14
Year: 2002
X-DOI: 10.1080/0953531022000002530a
File-URL: http://www.tandfonline.com/doi/abs/10.1080/0953531022000002530a
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:3:p:301-305
Template-Type: ReDIF-Article 1.0
Author-Name: Gabrielle Antille
Author-X-Name-First: Gabrielle
Author-X-Name-Last: Antille
Author-Name: Emilio Fontela
Author-X-Name-First: Emilio
Author-X-Name-Last: Fontela
Title: The Terms of Trade and the International Transfers of Productivity Gains
Abstract:
In international economic relations, when movements of labour
are limited and fiscal redistributive policies non-existent, changes in
the terms of trade (the ratio between the prices of exports and imports)
are the main driving force for the international redistribution of incomes
or of productivity gains. The concept of productivity flows linked to
price changes can be extended from the interindustry framework to deal
with international relations bringing some new insights into the terms of
trade issues. The paper develops a conceptual framework for the
computation of international flows of productivity gains, taking into
consideration the role of exchange rates and the meaning of Purchasing
Power Parities. It is completed by a set of computations on Swiss
relations with the rest of the world.
Journal: Economic Systems Research
Pages: 3-19
Issue: 1
Volume: 15
Year: 2003
Month: 3
X-DOI: 10.1080/0953531032000056918
File-URL: http://hdl.handle.net/10.1080/0953531032000056918
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Template-Type: ReDIF-Article 1.0
Author-Name: Ren� Durand
Author-X-Name-First: Ren�
Author-X-Name-Last: Durand
Author-Name: Sylvain V�zina
Author-X-Name-First: Sylvain
Author-X-Name-Last: V�zina
Title: The Performance of Service Industries in Canada: A Real Value Analysis
Abstract:
The performance of service industries in Canada has been
lower than that of good industries over the last four decades, with
noticeable exceptions such as for railways and telecommunication carriers.
Service industries were less economically (and technically) efficient in
that they generated less output value (quantity) per hour worked (level
and growth) or per combined unit of labour and capital (multifactor
productivity growth) than good industries. The relative output price of
services declined slightly over time compared with goods. At the
disaggregated level, changing relative output prices were substantial and
proved to be an important factor explaining the relative satisfactory
economic performance of many service industries despite their low
technical performance. Nevertheless, the output share of service
industries increased over that period, sustained, mainly, by the growing
recourse of all firms to outsourcing of services.
Journal: Economic Systems Research
Pages: 21-50
Issue: 1
Volume: 15
Year: 2003
Month: 3
X-DOI: 10.1080/0953531032000056927
File-URL: http://hdl.handle.net/10.1080/0953531032000056927
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:1:p:21-50
Template-Type: ReDIF-Article 1.0
Author-Name: Kazusuke Tsujimura
Author-X-Name-First: Kazusuke
Author-X-Name-Last: Tsujimura
Author-Name: Masako Mizoshita
Author-X-Name-First: Masako
Author-X-Name-Last: Mizoshita
Title: Asset-Liability-Matrix Analysis Derived from the Flow-of-Funds Accounts: The Bank of Japan's Quantitative Monetary Policy Examined
Abstract:
The first purpose of this paper is to present the compilation
procedure of the Asset- Liability-Matrix (ALM) from the Flow-of-Funds
(FOF) accounts in the balance sheet format that is widely available in IMF
member countries. The introduction of ALM into the framework of FOF
analysis enables us to utilize the affluent assets of input-output
analysis, notably the concept of Leontief inverse. The second purpose of
this article is to demonstrate the application of ALM to the examination
of the quantitative monetary policy introduced by the Bank of Japan (BOJ)
in March 2001. It can be said, as a conclusion, that there was a tactical
error in the quantitative monetary policy adopted by BOJ in terms of the
combination of money market operations. We believe that the ALM framework
of FOF analysis is a powerful and practical device to fulfil this kind of
examination.
Journal: Economic Systems Research
Pages: 51-67
Issue: 1
Volume: 15
Year: 2003
Month: 3
X-DOI: 10.1080/0953531032000056936
File-URL: http://hdl.handle.net/10.1080/0953531032000056936
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:1:p:51-67
Template-Type: ReDIF-Article 1.0
Author-Name: Fatemeh Bazzazan
Author-X-Name-First: Fatemeh
Author-X-Name-Last: Bazzazan
Author-Name: Peter Batey
Author-X-Name-First: Peter
Author-X-Name-Last: Batey
Title: The Development and Empirical Testing of Extended Input-Output Price Models
Abstract:
The focus in this paper is on the input-output price model as
initially developed by Leontief nearly 60 years ago. A number of
methodological refinements are proposed, including the formulation, for
the first time, of an extended price model, with a disaggregated household
sector. This model is presented in both static and dynamic versions. The
effects of these refinements are investigated empirically by reference to
an example of policy analysis. This relates to a hypothetical proposal to
remove energy subsidies at the national level in Iran. The paper reports
on the different results produced by each form of price model and also
provides evidence on the sensitivity of individual parameter values. The
paper concludes by considering the feasibility of constructing more
comprehensive versions of the price model and identifying those elements
of the model for which data are likely to be more difficult to obtain at
national and regional levels.
Journal: Economic Systems Research
Pages: 69-86
Issue: 1
Volume: 15
Year: 2003
Month: 3
X-DOI: 10.1080/0953531032000056945
File-URL: http://hdl.handle.net/10.1080/0953531032000056945
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:1:p:69-86
Template-Type: ReDIF-Article 1.0
Author-Name: Theo Junius
Author-X-Name-First: Theo
Author-X-Name-Last: Junius
Author-Name: Jan Oosterhaven
Author-X-Name-First: Jan
Author-X-Name-Last: Oosterhaven
Title: The Solution of Updating or Regionalizing a Matrix with both Positive and Negative Entries
Abstract:
Normally, when updating or regionalizing input-output
matrices with negative entries, the negative numbers are first brought
outside the matrix, then the matrix is updated or regionalized, then the
negative numbers are added back to the result. This is theoretically, and
sometimes also empirically, a rather unsatisfactory procedure. This paper
proposes a theoretically sound alternative for the presently used ad hoc
procedure. Based on the first-order conditions of a restated information
loss problem, we generalize the RAS-procedure using reciprocals of the
exponential transformations of the related Lagrange multipliers. The
diagonal matrices that update or regionalize a given matrix optimally are
the solutions of a fixed-point problem. To derive a numerical solution,
the paper presents the GRAS-algorithm, which is illustrated in terms of a
simple updating example.
Journal: Economic Systems Research
Pages: 87-96
Issue: 1
Volume: 15
Year: 2003
Month: 3
X-DOI: 10.1080/0953531032000056954
File-URL: http://hdl.handle.net/10.1080/0953531032000056954
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:1:p:87-96
Template-Type: ReDIF-Article 1.0
Author-Name: Rob Vos
Author-X-Name-First: Rob
Author-X-Name-Last: Vos
Title: Editorial
Abstract:
This article does not have an abstract
Journal: Economic Systems Research
Pages: 107-111
Issue: 2
Volume: 15
Year: 2003
X-DOI: 10.1080/0953531032000091126
File-URL: http://www.tandfonline.com/doi/abs/10.1080/0953531032000091126
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:2:p:107-111
Template-Type: ReDIF-Article 1.0
Author-Name: Graham Pyatt
Author-X-Name-First: Graham
Author-X-Name-Last: Pyatt
Title: An Alternative Approach to Poverty Analysis
Abstract:
A model of the household in which production and consumption activities
are not separable is developed in order to provide micro-economic
foundations for an alternative to the standard approach to poverty
analysis. The alternative suggests that socio-economic groups and their
respective livelihoods should be the basic building blocks for analysing
poverty within a general equilibrium framework.
Journal: Economic Systems Research
Pages: 113-133
Issue: 2
Volume: 15
Year: 2003
Keywords: Poverty, Consumption Behaviour, Social Accounting Matrix, Household Modelling,
X-DOI: 10.1080/0953531032000091135
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:2:p:113-133
Template-Type: ReDIF-Article 1.0
Author-Name: Angus Deaton
Author-X-Name-First: Angus
Author-X-Name-Last: Deaton
Title: Household Surveys, Consumption, and the Measurement of Poverty
Abstract:
Household surveys are playing an increasingly important role in the
measurement of poverty and well-being around the world. The Living
Standards Measurement Study, which was begun in the World Bank under the
guidance of Graham Pyatt in 1979, has played an important role in this
movement. Its surveys are widely used within the Bank to measure
consumption-based poverty, and survey data are now the exclusive basis for
the global poverty counts. This paper discusses a number of unresolved
issues in using consumption-based surveys for measuring well-being,
including the choice of a money-metric versus welfare-ratio approach, the
collection of suitable price information, the effects of measurement error
on estimation, and methods for correcting per capita consumption for the
demographic structure of the household.
Journal: Economic Systems Research
Pages: 135-159
Issue: 2
Volume: 15
Year: 2003
Keywords: Household Surveys, Consumption, Poverty,
X-DOI: 10.1080/0953531032000091144
File-URL: http://www.tandfonline.com/doi/abs/10.1080/0953531032000091144
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:2:p:135-159
Template-Type: ReDIF-Article 1.0
Author-Name: Jeffrey Round
Author-X-Name-First: Jeffrey
Author-X-Name-Last: Round
Title: Constructing SAMs for Development Policy Analysis: Lessons Learned and Challenges Ahead
Abstract:
The aim of this paper is to appraise a few of the key innovative features
of the early work in compiling SAMs for development policy analysis; to
set out and review some recent methodological advances; and to identify
those areas where compilation continues to be problematic. It briefly
re-visits the features of the SAM as an integrating framework and sets out
its relationship to the SNA 1993. The main compilation problems faced in
practice arise from assembling the household accounts from household
survey data where income data are especially unreliable and are difficult
to link to the factor accounts and to income transfers. Experience is
drawn from the construction of a Ghana SAM. In the literature relatively
more attention has been devoted to balancing and data reconciliation
methods, which are briefly reviewed, although these are second order
adjustments and much still depends on the quality of the initial estimates
Journal: Economic Systems Research
Pages: 161-183
Issue: 2
Volume: 15
Year: 2003
Keywords: Social Accounting Matrices, Household Accounts, Balancing Methods,
X-DOI: 10.1080/0953531032000091153
File-URL: http://www.tandfonline.com/doi/abs/10.1080/0953531032000091153
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:2:p:161-183
Template-Type: ReDIF-Article 1.0
Author-Name: Steven Keuning
Author-X-Name-First: Steven
Author-X-Name-Last: Keuning
Author-Name: Marleen Verbruggen
Author-X-Name-First: Marleen
Author-X-Name-Last: Verbruggen
Title: European Structural Indicators, A Way Forward
Abstract:
At the 2000 Lisbon summit, the European Union formulated the ambition to
transform itself into "the most competitive and dynamic
knowledge-based economy in the world capable of sustainable economic
growth with more and better jobs and greater social cohesion'. It is
remarkable that, until recently, European statisticians were hardly
involved in the design of a statistical information system and related
"structural' indicators for this important policy purpose. Instead,
indicators have been designed that do not measure what they intend to
measure, are based on incomparable data and give the impression of a
fairly incoherent shopping list of numbers without an underlying vision on
the use of these numbers in policy making. This paper argues that
indicators can best be based on a coherent accounting system, such as the
national accounts, and that the SESAME- system, which is an extension of
national accounts and so-called Social Accounting Matrices, offers
promising perspectives in this regard.
Journal: Economic Systems Research
Pages: 185-196
Issue: 2
Volume: 15
Year: 2003
Keywords: Socio-economic Policy Analysis, Statistical Indicators, Social Accounting Matrix, Sesame,
X-DOI: 10.1080/0953531032000091171
File-URL: http://www.tandfonline.com/doi/abs/10.1080/0953531032000091171
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:2:p:185-196
Template-Type: ReDIF-Article 1.0
Author-Name: Rob Vos
Author-X-Name-First: Rob
Author-X-Name-Last: Vos
Author-Name: Niek De Jong
Author-X-Name-First: Niek
Author-X-Name-Last: De Jong
Title: Trade Liberalization and Poverty in Ecuador: A CGE Macro-Microsimulation Analysis
Abstract:
Cross-country analysis of the aggregate growth-poverty link is likely to
miss important country-specific detail and possible offsetting forces in
the underlying labour market adjustment process. This paper combines a CGE
model analysis with a microsimulations approach to analyse the effects of
trade liberalization on poverty and income distribution in Ecuador. The
CGE model enables us to disentangle the general equilibrium effects of
various trade policy scenarios on sector output, employment, factor
incomes and household consumption. However, as is typical of CGE models,
this analysis only provides distribution results for fairly aggregated
groups of workers and a reduced number of representative households. The
microsimulations approach adds the full distribution to the analysis and
allows simulation of the effects of trade reform on the job status and
remuneration of individual workers and thereby on household income
distribution and poverty. The macro- microsimulation results indicate that
the trade opening in Ecuador induced mild aggregate welfare gains, but
rising income inequality due to rising wage differentials between skilled
and unskilled workers implies virtually no poverty-reducing effect from
trade liberalization.
Journal: Economic Systems Research
Pages: 211-232
Issue: 2
Volume: 15
Year: 2003
Keywords: Trade Liberalization, Poverty, Inequality, Cge Modelling, Social Accounting Matrix, Microsimulations, Ecuador,
X-DOI: 10.1080/0953531032000091180
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:2:p:211-232
Template-Type: ReDIF-Article 1.0
Author-Name: Alan Roe
Author-X-Name-First: Alan
Author-X-Name-Last: Roe
Title: Asymmetries between Rich and Poor Countries in Financial Crisis Responses: The Need for a Flow-of-Funds Approach
Abstract:
This paper focuses on the manner in which interest rates have been raised
to, and sustained at, extremely high levels in developing and emerging
market economies as a consequence of recent financial crises. By contrast
rich market economies have typically lowered interest rates and injected
liquidity in response to incipient financial crises. The paper first
sketches the logic that lies behind extremely high interest rates (nominal
and real) as an element of crisis resolution. It suggests that this
reflects a money-phobic view of financial markets and also conflicts with
some well-established economics. It then reviews the conventional wisdom
about why richer economies have enjoyed sustained price stability in
recent years and why this in turn has allowed their monetary authorities
to be relaxed about injecting additional liquidity in response to LTCM
(1998) and September 11 (2001)-type crises. It is pointed out that this
conventional wisdom is also money-phobic in that it neglects the build up
of corporate and government debt in bond and financial derivative form
that has been associated with recent financial developments. This analysis
helps to contest the common view that emerging market economies pay a
higher price merely because their polices are "bad'. Finally, the
paper reviews the manner in which the financial systems of developing and
emerging market economies respond to the destabilization created by
corrosively high real rates of interest. Even when bankruptcy arrangements
are well established, certain new forms of financial flows and instruments
are implicit in this response, but are invariably ignored in formal
modelling.
Journal: Economic Systems Research
Pages: 233-257
Issue: 2
Volume: 15
Year: 2003
Keywords: Interest Rates, Flow-of-funds, Financial Crisis, Monetary Policy,
X-DOI: 10.1080/0953531032000091199
File-URL: http://www.tandfonline.com/doi/abs/10.1080/0953531032000091199
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:2:p:233-257
Template-Type: ReDIF-Article 1.0
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Title: Editorial
Abstract:
This article does not have an abstract
Journal: Economic Systems Research
Pages: 267-267
Issue: 3
Volume: 15
Year: 2003
X-DOI: 10.1080/0953531032000111763
File-URL: http://www.tandfonline.com/doi/abs/10.1080/0953531032000111763
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:3:p:267-267
Template-Type: ReDIF-Article 1.0
Author-Name: Lawrence Klein
Author-X-Name-First: Lawrence
Author-X-Name-Last: Klein
Title: Some Potential Linkages for Input-Output Analysis with Flow-of-Funds
Abstract:
Three major, interrelated accounting statements, at the frontiers of
quantitative economic analysis, are three interrelated systems, namely:
(1) National income and product accounts (NIPA), (2) The input-output
tableaux, (IO), and (3) flow-of- funds accounts (FF). The third-mentioned
system is somewhat less available and used in only limited areas of
macroeconomic analysis. This paper is mainly concerned with use of FF
accounting systems. This system shows where financial resources originate,
and where they go in support of real capital formation. In this respect,
interest rates and other market-based financial rates are of key
importance. While much macroeconomic analysis is based on the rates that
fit the yield curve, showing the interest rate structure over various
maturities of debt associated with a given degree of risk. In contrast,
the FF accounts throw light on the whole spectrum of interest rates,
across maturities and debt qualities. For example, in analysis of the real
estate market and funding of capital formation there, it is important to
have a full understanding of the course of mortgage rates of different
maturities and qualities. In short, it is necessary to develop a full
appreciation of supply and demand forces in the mortgage market, which
often is not obviously related to movements of the operative rate for
monetary policy, such as very short-term inter bank rates or call money
rates. This paper attempts to provide material from the flow-of-funds
accounts that would make it possible to analyze the movement of relevant
mortgage rates or whatever other rates are needed to understand the
financing of capital formation in real estate.
Journal: Economic Systems Research
Pages: 269-277
Issue: 3
Volume: 15
Year: 2003
Keywords: Flow Of Funds, yield Curve, spectrum Of Interest Rates, lending, saving, capital Formation, surplus, deficit, debt,
X-DOI: 10.1080/0953531032000111772
File-URL: http://www.tandfonline.com/doi/abs/10.1080/0953531032000111772
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:3:p:269-277
Template-Type: ReDIF-Article 1.0
Author-Name: Dale Jorgenson
Author-X-Name-First: Dale
Author-X-Name-Last: Jorgenson
Author-Name: Mun Ho
Author-X-Name-First: Mun
Author-X-Name-Last: Ho
Author-Name: Kevin Stiroh
Author-X-Name-First: Kevin
Author-X-Name-Last: Stiroh
Title: Growth of US Industries and Investments in Information Technology and Higher Education
Abstract:
This paper presents new data on the sources of growth for the US economy
over the period 1977-2000. Our principal innovation is the incorporation
of detailed information for individual industries, including those
involved in the production of information technology equipment and
software. We show that economic growth is dominated by investments in
information technology and higher education, both for individual
industries and the economy as a whole. We also show that a jump in
information technology investment, gains in the employment of
college-educated workers, and the revival of productivity growth account
for the resurgence of the US economy since 1995.
Journal: Economic Systems Research
Pages: 279-325
Issue: 3
Volume: 15
Year: 2003
Keywords: Economic Growth, Information Technology, Education,
X-DOI: 10.1080/0953531032000111781
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:3:p:279-325
Template-Type: ReDIF-Article 1.0
Author-Name: Frederic Scherer
Author-X-Name-First: Frederic
Author-X-Name-Last: Scherer
Title: Technology Flows Matrix Estimation Revisited
Abstract:
This paper revisits the methodological problems of estimating matrices
showing how technological advances--measured by industry research and
development outlays--flow from industries of origin to using industries.
An early effort relied upon the analysis of 15 112 US patents. Several
alternative methods are explored to address methodological questions
concerning the choice of carrier matrices, the handling of diagonal
elements, and the treatment of capital goods flows. Technology flow
matrices estimated using diverse combinations of assumptions are tested
for goodness-of-fit relative to the original patent-based matrix and for
their ability to "predict' productivity growth in Solowian regression
equations. Although some anomalies emerge, the best results are obtained
using combined first-order transactions and capital flows matrices with
diagonal elements adjusted to reflect the ratio of internal process to all
R&D spending. However, flow data compiled using the Leontief inverse
matrix add explanatory power in productivity growth regressions.
Journal: Economic Systems Research
Pages: 327-358
Issue: 3
Volume: 15
Year: 2003
Keywords: Productivity Growth, Technology, Research And Development,
X-DOI: 10.1080/0953531032000111790
File-URL: http://www.tandfonline.com/doi/abs/10.1080/0953531032000111790
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:3:p:327-358
Template-Type: ReDIF-Article 1.0
Author-Name: Kazuhiko Nishimura
Author-X-Name-First: Kazuhiko
Author-X-Name-Last: Nishimura
Title: Technology Transfer with Capital Constraints and Environmental Protections: Models and Applications to the Philippines
Abstract:
An efficient technology transfer from advanced to developing countries is
explored by extending dynamic input-output optimization models. We include
capital investments for the transferred technologies that affect the
structural change and the welfare streams of consumption and the
environmental state in the developing country. This technology transfer
model is then linearized to solve larger problems. The linearized model
was estimated and applied to assess the optimal technology transfer
schedule from Japan to the Philippines.
Journal: Economic Systems Research
Pages: 359-370
Issue: 3
Volume: 15
Year: 2003
Keywords: Technology Transfer, Environmental Protection, Dynamic Input-output Models, Linear Programming,
X-DOI: 10.1080/0953531032000111808
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:3:p:359-370
Template-Type: ReDIF-Article 1.0
Author-Name: Daniel Wilson
Author-X-Name-First: Daniel
Author-X-Name-Last: Wilson
Title: Embodying Embodiment in a Structural, Macroeconomic Input-Output Model
Abstract:
In this paper, I develop a regression-based system of labour productivity
equations that account for capital-embodied technological change and I
incorporate this system into IDLIFT, a structural, macroeconomic
input-output model of the US economy. Builders of regression-based
forecasting models have long had difficulty finding labour productivity
equations that exhibit the "Solowian' property that movements in
investment should cause accompanying movements in labour productivity. The
production theory developed by Solow and others dictates that this
causation is driven by the effect of traditional capital deepening as well
as technological change embodied in capital. Lack of measurement of the
latter has hampered the ability of researchers to estimate properly the
productivity-investment relationship. Recent research by Wilson (2001) has
alleviated this difficulty by estimating industry-level embodied
technological change. In this paper, I utilize those estimates to
construct capital stocks adjusted for technological change and then use
these adjusted stocks to estimate Solow-type labour productivity
equations. It is shown that replacing IDLIFT's former productivity
equations, based on changes in output and time trends, with the new
equations, results in a convergence between the dynamic behaviour of the
model and that predicted by traditional (Solowian) production theory.
Journal: Economic Systems Research
Pages: 371-398
Issue: 3
Volume: 15
Year: 2003
Keywords: Equipment-embodied Technological Change, Productivity, Forecasting,
X-DOI: 10.1080/0953531032000111817
File-URL: http://www.tandfonline.com/doi/abs/10.1080/0953531032000111817
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:3:p:371-398
Template-Type: ReDIF-Article 1.0
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Title: Report on the Montreal Conference
Abstract:
This article does not have an abstract
Journal: Economic Systems Research
Pages: 399-414
Issue: 3
Volume: 15
Year: 2003
X-DOI: 10.1080/0953531032000111826
File-URL: http://www.tandfonline.com/doi/abs/10.1080/0953531032000111826
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:3:p:399-414
Template-Type: ReDIF-Article 1.0
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Title: Annual Report of the IIOA, 2002
Abstract:
This article does not have an abstract
Journal: Economic Systems Research
Pages: 415-419
Issue: 3
Volume: 15
Year: 2003
X-DOI: 10.1080/0953531032000111835
File-URL: http://www.tandfonline.com/doi/abs/10.1080/0953531032000111835
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:3:p:415-419
Template-Type: ReDIF-Article 1.0
Author-Name: Rita Bhowmik
Author-X-Name-First: Rita
Author-X-Name-Last: Bhowmik
Title: Service Intensities in the Indian Economy: 1968/9-1993/4
Abstract:
This paper analyses the service intensities for production of different
industries in the Indian economy during the period 1968-69 to 1993-94 with
an input-output approach. Two different methodologies—(1) direct
service intensities and (2) direct plus indirect service
intensities—have been used to calculate the service intensity of
different industries using six input-output tables. It is found from the
exercise that service intensities have increased in the Indian economy
over 25 years. To reflect the performance and trend of service intensity
of each industry over the study period, the mean and coefficient of
variation of the service intensities have been calculated. The empirical
part of this study shows that Metal products, Machineries, Trade, and
Banking have a high mean and a low coefficient of variation. According to
their service intensities they were the key sectors, with consistently the
largest consumption of the output of the service sector as an input for
their production.
Journal: Economic Systems Research
Pages: 427-437
Issue: 4
Volume: 15
Year: 2003
Keywords: Service sector, Indian economy, service intensity, key sector,
X-DOI: 10.1080/0953531032000152308
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:4:p:427-437
Template-Type: ReDIF-Article 1.0
Author-Name: Thijs ten Raa
Author-X-Name-First: Thijs ten
Author-X-Name-Last: Raa
Author-Name: Jose Manuel Rueda-Cantuche
Author-X-Name-First: Jose Manuel
Author-X-Name-Last: Rueda-Cantuche
Title: The Construction of Input-Output Coefficients Matrices in an Axiomatic Context: Some Further Considerations
Abstract:
Kop Jansen & ten Raa (1990) established a purely theoretical solution to
the problem of selecting a model for the construction of coefficients on
the basis of make and use tables. In an axiomatic context, they singled
out the so-called commodity technology model as the best one according to
some desirable properties. The aim of this paper is to delineate the
restrictions on the relevant data sets that ensure fulfilment of the
desirable properties by other models used by statistical offices.
Journal: Economic Systems Research
Pages: 439-455
Issue: 4
Volume: 15
Year: 2003
Keywords: Make and use tables, technical coefficients,
X-DOI: 10.1080/0953531032000152317
File-URL: http://www.tandfonline.com/doi/abs/10.1080/0953531032000152317
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:4:p:439-455
Template-Type: ReDIF-Article 1.0
Author-Name: Vito Albino
Author-X-Name-First: Vito
Author-X-Name-Last: Albino
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Silvana Kuhtz
Author-X-Name-First: Silvana
Author-X-Name-Last: Kuhtz
Title: Analysing Materials and Energy Flows in an Industrial District using an Enterprise Input-Output Model
Abstract:
Recent approaches to sustainable development leave much room for policies
at a local level. In fact, it is becoming evident that targets such as
increasing resource productivity, preserving natural cycles, or extending
the present level of welfare, are best pursued within the confines of a
local area. In particular, environmental changes are best brought about by
considering local systems of firms as cornerstones of cooperative
strategies and using data on materials and energy use in physical terms.
In this paper, an enterprise input-output model is developed for an
industrial district, i.e. a local group of firms specialized in the
production of a single final output. The model allows for a detailed
quantitative analysis of materials and energy flows and the consequent
generation of waste and pollution. As a planning tool, the model may be
used to evaluate alternative scenarios, such as the possibility of re-
using waste taking account of sustainability requirements. An empirical
case study applies the model to an industrial district in Southern Italy
producing leather sofas.
Journal: Economic Systems Research
Pages: 457-480
Issue: 4
Volume: 15
Year: 2003
Keywords: Industrial district, enterprise input-output model, materials, energy,
X-DOI: 10.1080/0953531032000152326
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:4:p:457-480
Template-Type: ReDIF-Article 1.0
Author-Name: Julio Sanchez-Choliz
Author-X-Name-First: Julio
Author-X-Name-Last: Sanchez-Choliz
Author-Name: Rosa Duarte
Author-X-Name-First: Rosa
Author-X-Name-Last: Duarte
Title: Production Chains and Linkage Indicators
Abstract:
This paper uses a framework of production chains, which emerge from the
vertical integration processes, in order to propose a general definition
of linkage indicators. This definition is based on blocks of sectors and
offers, among others, the following advantages. A reduction in the
aggregation requirement, the resolution of the problems associated with
the so-called distribution matrices, an easier analysis of the linkage
components and, finally, the possibility to shed light on the links
between Hypothetical Extraction Methods and sectoral analyses. Moreover,
because of its general form, it helps to identify analogies between
different types of indicators.
Journal: Economic Systems Research
Pages: 481-494
Issue: 4
Volume: 15
Year: 2003
Keywords: Production chains, Vertical integration, Interindustry linkages,
X-DOI: 10.1080/0953531032000152335
File-URL: http://www.tandfonline.com/doi/abs/10.1080/0953531032000152335
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:4:p:481-494
Template-Type: ReDIF-Article 1.0
Author-Name: Hermann Schnabl
Author-X-Name-First: Hermann
Author-X-Name-Last: Schnabl
Title: The ECA-method for Identifying Sensitive Reactions within an IO Context
Abstract:
The paper introduces an alternative method to determine
"sensitivity' within an input-output-context and makes the most
sensitive connections visible in an overall graph. The method called ECA
(Elasticity Coefficient Analysis) tries—like the Important
Coefficient Analysis (ICA)—to derive structures from a certain
property of the Leontief inverse. As the core of the method is
elasticity—i.e. taking the relative reaction of the element bij of
the inverse as a measure of response to a 1% change of the input
coefficient aij—it describes the dynamic potential of certain
sectors on possible changes of technical coefficients. In the second part
of the paper, comparisons are made between the results of MFA (Minimal
Flow Analysis), ICA and ECA upon using the same table for analysis. ICA
and ECA to some extent show similarities but also some differences. Both
contrast with MFA with respect to the very basis of the approach that
enforces different interpretations of the results. Finally, some
hypotheses on the differences and similarities are set up that could give
a perspective for the further use of the different methods.
Journal: Economic Systems Research
Pages: 495-504
Issue: 4
Volume: 15
Year: 2003
Keywords: Elasticity coefficient analysis, important coefficients, minimal flow analysis,
X-DOI: 10.1080/0953531032000152344
File-URL: http://www.tandfonline.com/doi/abs/10.1080/0953531032000152344
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Handle: RePEc:taf:ecsysr:v:15:y:2003:i:4:p:495-504
Template-Type: ReDIF-Article 1.0
Author-Name: Shigemi Kagawa
Author-X-Name-First: Shigemi
Author-X-Name-Last: Kagawa
Author-Name: Hajime Inamura
Author-X-Name-First: Hajime
Author-X-Name-Last: Inamura
Author-Name: Yuichi Moriguchi
Author-X-Name-First: Yuichi
Author-X-Name-Last: Moriguchi
Title: A Simple Multi-Regional Input-Output Account for Waste Analysis
Abstract:
The present paper provides a simple multiregional input-output model for
waste analysis with which to estimate intraregional and interregional
effects of industrial wastes embodied in regional final consumptions. The
empirical analyses using 1995 nine-regions input-output tables reveals the
regional properties of the interregional linkage effects. The Kanto and
Kinki regions remarkably control the industrial waste emissions and waste
landfills within their own regions by importing waste-intensive
intermediate goods and services from the other regions. The Chugoku and
Shikoku regions greatly contributed to the production of the
waste-intensive goods and services for the other regions, considering the
waste emissions and waste landfills relative to the commodity production
levels. We also find that the household consumption behaviour in other
regions indirectly plays a more important role in waste emissions than the
municipal waste disposal behaviour in the region in question at least in
1995.
Journal: Economic Systems Research
Pages: 1-20
Issue: 1
Volume: 16
Year: 2004
Keywords: Multiregional input-output account, waste analysis,
X-DOI: 10.1080/0953531032000164774
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:1:p:1-20
Template-Type: ReDIF-Article 1.0
Author-Name: Steven Kraines
Author-X-Name-First: Steven
Author-X-Name-Last: Kraines
Author-Name: Yoshikuni Yoshida
Author-X-Name-First: Yoshikuni
Author-X-Name-Last: Yoshida
Title: Process System Modelling of Production Technology Alternatives using Input- Output Tables with Sector Specific Units
Abstract:
Input-output analysis is usually based on tables of accounts expressed in
uniform monetary or physical units. However, from a process system
modelling perspective, tables of accounts in sector specific units may be
more useful for evaluating the effectiveness of new production
technologies on reducing pollutant emissions. Using the sector specific
unit conceptualization of an IO table, one can consider the effect of
changes in direct input coefficients for a particular sector on the
complete set of total input coefficients independently from the other
direct input coefficients. A process system modelling based method for
calculating the total industrial outputs from a new technology matrix
together with the new relative prices for each sector output is presented.
The method is then used to study the effect of technology changes in the
steel making industry in Liaoning Province, China on prices and pollutant
emissions.
Journal: Economic Systems Research
Pages: 21-32
Issue: 1
Volume: 16
Year: 2004
Keywords: Process system modelling, price model, technology changes, Chinese steel industry,
X-DOI: 10.1080/0953531032000164783
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:1:p:21-32
Template-Type: ReDIF-Article 1.0
Author-Name: Bart Van den Cruyce
Author-X-Name-First: Bart Van den
Author-X-Name-Last: Cruyce
Title: Use Tables for Imported Goods and Valuation Matrices for Trade Margins— an Integrated Approach for the Compilation of the Belgian 1995 Input-Output Tables
Abstract:
This paper describes the compilation of the use table for imported goods
and the valuation matrix of trade margins for Belgium in 1995. It
introduces the methodological novelty of integrating the compilation of
both tables and systematically exploiting the fact that large import and
export flows do not generate trade margins. This is notably the case for
direct imports for intermediate consumption or investment by non-traders,
and direct exports by producers. For identifying these trade flows,
extensive use was made of intrastat and extrastat data. The results are
compared with those of a proportional distribution of imports and trade
margins. Many statistical offices resort to the latter approach because of
a lack of survey data on the destination of trade margins and imports. We
demonstrate that the integrated approach can improve the quality of both
the import matrix and the valuation matrix for trade margins, while using
only existing data sources.
Journal: Economic Systems Research
Pages: 33-61
Issue: 1
Volume: 16
Year: 2004
Keywords: Supply and use tables, imports, trade margins, Belgium,
X-DOI: 10.1080/0953531032000164792
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:1:p:33-61
Template-Type: ReDIF-Article 1.0
Author-Name: Junning Cai
Author-X-Name-First: Junning
Author-X-Name-Last: Cai
Author-Name: Pingsun Leung
Author-X-Name-First: Pingsun
Author-X-Name-Last: Leung
Title: Linkage Measures: a Revisit and a Suggested Alternative
Abstract:
This paper examines major linkage measures in the literature from
different perspectives and attempts to clarify some of the controversies
over them. The examination and clarification suggest more refined backward
and forward linkage measures for linkage indices construction. The
measures are then applied to analyse the linkages of Hawaii's agriculture
sectors.
Journal: Economic Systems Research
Pages: 63-83
Issue: 1
Volume: 16
Year: 2004
Keywords: Backward and forward linkages, supply-driven input-output model, key sectors,
X-DOI: 10.1080/0953531032000164800
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Template-Type: ReDIF-Article 1.0
Author-Name: GianDemetrio Marangoni
Author-X-Name-First: GianDemetrio
Author-X-Name-Last: Marangoni
Author-Name: Gianluca Colombo
Author-X-Name-First: Gianluca
Author-X-Name-Last: Colombo
Author-Name: Giulio Fezzi
Author-X-Name-First: Giulio
Author-X-Name-Last: Fezzi
Title: Modelling Intra-Group Relationships
Abstract:
Within a group of companies, a model is given for management of the
relationships between the parent company and its subsidiaries. This is
particularly relevant for groups originating from mergers and takeovers,
because firms acquired often differ substantially in organizational
structure from each other and from the parent company. The model provides
a means of harmonizing the organizational structures of parent company and
subsidiaries, so as to provide a complete coverage of necessary activities
without duplication, and a means of identifying which activities should,
in economic terms, be centralized by the parent company, and which should
be delegated to the subsidiary. Finally, there is an empirical application
of the model to one of the principal Italian banking groups.
Journal: Economic Systems Research
Pages: 85-104
Issue: 1
Volume: 16
Year: 2004
Keywords: Intra-group relationships, banking groups, enterprise management, enterprise input- output,
X-DOI: 10.1080/0953531032000164819
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:1:p:85-104
Template-Type: ReDIF-Article 1.0
Author-Name: Michael Lahr
Author-X-Name-First: Michael
Author-X-Name-Last: Lahr
Author-Name: Louis de Mesnard
Author-X-Name-First: Louis
Author-X-Name-Last: de Mesnard
Title: Biproportional Techniques in Input-Output Analysis: Table Updating and Structural Analysis
Abstract:
This paper introduces the rest of this issue of Economic Systems
Research, which is dedicated to the contributions of Sir Richard Stone,
Michael Bacharach, and Philip Israilevich. It starts out with a brief
history of biproportional techniques and related matrix balancing
algorithms. We then discuss the RAS algorithm developed by Sir Richard
Stone and others. We follow that by evaluating the interpretability of the
product of the adjustment parameters, generally known as R and S. We then
move on to discuss the various formal formulations of other biproportional
approaches and discuss what defines an algorithm as 'biproportional'.
After mentioning a number of competing optimization algorithms that cannot
fall under the rubric of being biproportional, we reflect upon how some of
their features have been included into the biproportional setting (the
ability to fix the value of interior cells of the matrix being adjusted
and of incorporating data reliability into the algorithm). We wind up the
paper by pointing out some areas that could use further investigation.
Journal: Economic Systems Research
Pages: 115-134
Issue: 2
Volume: 16
Year: 2004
Keywords: Biproportion, Ras, Matrix Balancing, Interpretation, Algorithms, Extensions,
X-DOI: 10.1080/0953531042000219259
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:2:p:115-134
Template-Type: ReDIF-Article 1.0
Author-Name: Randall Jackson
Author-X-Name-First: Randall
Author-X-Name-Last: Jackson
Author-Name: Alan Murray
Author-X-Name-First: Alan
Author-X-Name-Last: Murray
Title: Alternative Input-Output Matrix Updating Formulations
Abstract:
There has been a recent resurgence of interest in biproportional
adjustment methods for updating and interpreting change in matrix
representations of regional structures, most commonly input-output
accounts. Although the biproportional method, commonly called the RAS
technique in the input-output literature, has been shown to have a number
of theoretically appealing properties, various alternatives do exist. In
this paper, we develop and empirically assess a number of alternatives,
comparing performance and examining the attributes of these adjustment
methods. Two of these are sign-preserving updating methods for use when
tables contain both positive and negative entries. One of these is shown
to generate less information gain than does a generalized RAS method that
Junius & Oosterhaven (2003) formulated to deal with matrices with both
positive and negative values. Overall, while the RAS method continues to
be commonly used and its choice is often rational, alternative methods can
perform as well or better along certain dimensions and in certain
contexts.
Journal: Economic Systems Research
Pages: 135-148
Issue: 2
Volume: 16
Year: 2004
Keywords: Updating, Biproportion, Ras, Distance Measures,
X-DOI: 10.1080/0953531042000219268
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:2:p:135-148
Template-Type: ReDIF-Article 1.0
Author-Name: Donald Gilchrist
Author-X-Name-First: Donald
Author-X-Name-Last: Gilchrist
Author-Name: Larry St. Louis
Author-X-Name-First: Larry
Author-X-Name-Last: St. Louis
Title: An Algorithm for the Consistent Inclusion of Partial Information in the Revision of Input-Output Tables
Abstract:
TRAS is a natural extension of RAS that utilizes information in addition
to row and column totals to produce updated matrices that are consistent
with known cells and aggregates of known cells. This paper provides a
simple restatement of the TRAS algorithm developed in Gilchrist & St.
Louis (1999) and then tests its effectiveness by applying TRAS to the
matrices obtained after RAS adjustments have been completed. The
incremental gains from the TRAS adjustments were statistically
significant.
Journal: Economic Systems Research
Pages: 149-156
Issue: 2
Volume: 16
Year: 2004
Keywords: Biproportion, Ras, Tras, Partial Information,
X-DOI: 10.1080/0953531042000219277
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:2:p:149-156
Template-Type: ReDIF-Article 1.0
Author-Name: Mark Planting
Author-X-Name-First: Mark
Author-X-Name-Last: Planting
Author-Name: Jiemin Guo
Author-X-Name-First: Jiemin
Author-X-Name-Last: Guo
Title: Increasing the Timeliness of US Annual Input-Output Accounts
Abstract:
The timeliness of the US input-output (I-O) accounts is a major concern
for policymakers and industry analysts, as well as academics. In response,
the Bureau of Economic Analysis initiated research in 2001 to identify,
develop and implement an estimating method for producing more timely and
reliable annual I-O accounts than are currently available. The research
included reviewing the frameworks and methods currently used by other
statistical agencies and academic researchers, obtaining more timely
industry source data, and developing enhanced methods and processes for
the automated updating and balancing of annual I-O tables. The results of
this research indicate that our new automated updating and balancing
method can reduce the time lag for producing the annual I-O accounts from
three years to one year without reducing quality. Our method is based on
an adjusted RAS process that simultaneously balances the I-O table in
producers' and purchasers' prices; uses more exogenous data; and processes
tables at the most detailed level.
Journal: Economic Systems Research
Pages: 157-167
Issue: 2
Volume: 16
Year: 2004
Keywords: Updating, System Of National Accounts, Biproportion, Balancing Algorithm, Ras,
X-DOI: 10.1080/0953531042000219286
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:2:p:157-167
Template-Type: ReDIF-Article 1.0
Author-Name: Esben Dalgaard
Author-X-Name-First: Esben
Author-X-Name-Last: Dalgaard
Author-Name: Christian Gysting
Author-X-Name-First: Christian
Author-X-Name-Last: Gysting
Title: An Algorithm for Balancing Commodity-flow Systems
Abstract:
In many cases there is a need to balance commodity-flow system data
quickly and with limited resources. In order to compile new supply and use
tables and investment matrices consistent with revised national accounts
data, it can be necessary to apply some sort of automatic balancing
technique. The paper proposes an algorithm that, contrary to RAS, can
balance a commodity-flow system with unequal net row and column sums. The
algorithm is applied to a recent revision of Danish capital stock
estimates.
Journal: Economic Systems Research
Pages: 169-190
Issue: 2
Volume: 16
Year: 2004
Keywords: Updating, System Of National Accounts, Biproportion, Balancing Algorithm, Data Reliability,
X-DOI: 10.1080/0953531042000219295
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:2:p:169-190
Template-Type: ReDIF-Article 1.0
Author-Name: Kurt Kratena
Author-X-Name-First: Kurt
Author-X-Name-Last: Kratena
Author-Name: Gerold Zakarias
Author-X-Name-First: Gerold
Author-X-Name-Last: Zakarias
Title: Input Coefficient Change Using Biproportional Econometric Adjustment Functions
Abstract:
This paper deals with the issue of updating input-output (I-O)
coefficients within a large-scale disaggregated econometric macro-model of
the Austrian economy. Capturing the changes in input coefficients over
time is an important issue in I-O modelling due to a lack of recent
benchmark I-O tables in most countries. Different approaches for updating
these coefficients can be found in the literature, such as adjusting input
coefficients 'along the row' and variable input coefficients 'along the
column' stemming from factor input equations derived from production or
cost functions. This paper combines these two approaches, yielding a
biproportional method. For the adjustment, 'along the column' econometric
factor input functions are used to derive a sum of non-energy intermediate
inputs. For the adjustment 'along the row' the starting point is a set of
adjustment functions described in the literature: special emphasis is
placed on econometric specification and 'cointegration accounting'.
Journal: Economic Systems Research
Pages: 191-203
Issue: 2
Volume: 16
Year: 2004
Keywords: Updating, Biproportion, Cointegration Accounting, Econometrics, Cost Functions,
X-DOI: 10.1080/0953531042000219303
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:2:p:191-203
Template-Type: ReDIF-Article 1.0
Author-Name: Louis de Mesnard
Author-X-Name-First: Louis
Author-X-Name-Last: de Mesnard
Title: Biproportional Methods of Structural Change Analysis: A Typological Survey
Abstract:
Analysts often are interested in learning how much an exchange system has
changed over time or how two different exchange systems differ.
Identifying structural difference in exchange matrices can be performed
using either 'directed' or 'undirected' methods. Directed methods are
based on the computation and comparison of column- or row-normalizations
of the matrices. The choice of row or column for the normalization implies
a specific direction of the exchanges, so that the column-wise normalized
results should not be compared to the row-wise normalized results. In this
category fall the simple comparison of coefficient matrices and the
causative method. Undirected methods do not impose such underlying
constraints on exchanges. Hence, I present a set of undirected methods
that can be used to compare structural matrices: the biproportional
ordinary filter, the biproportional mean filter and the bi-Markovian
filter. While doing so, I recall why the bicausative method must be
dismissed. I then classify the methods according to their orientation and
data needs, and illustrate how the results can differ from one method to
the next using French tables for 1980 and 1997.
Journal: Economic Systems Research
Pages: 205-230
Issue: 2
Volume: 16
Year: 2004
Keywords: Biproportion, Ras, Causative Matrices, Structural Change,
X-DOI: 10.1080/0953531042000219312
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:2:p:205-230
Template-Type: ReDIF-Article 1.0
Author-Name: Euijune Kim
Author-X-Name-First: Euijune
Author-X-Name-Last: Kim
Author-Name: Geoffrey Hewings
Author-X-Name-First: Geoffrey
Author-X-Name-Last: Hewings
Author-Name: Chowoon Hong
Author-X-Name-First: Chowoon
Author-X-Name-Last: Hong
Title: An Application of an Integrated Transport Network- Multiregional CGE Model: a Framework for the Economic Analysis of Highway Projects
Abstract:
This paper develops a framework for the economic analysis of highway
projects that is then used to estimate the dynamic economic effects of a
highway project on the economic growth and the regional disparity in
Korea. The framework is composed of a transport model and a multiregional
Computable General Equilibrium (CGE) model. The transport model measures a
change in interregional shortest distances and the accessibility due to
the highway project. The CGE model estimates the spatial economic effects
of the project on GDP, the price, exports, and the regional distribution
of wages and population. The simulation allows policy makers to determine
which highway development deserves the priority for investment, based on
consideration of economic growth and regional economic equity in the long
run. The simulation found that all the highway projects have positive
effects on GDP and export growth as well as regional equity in terms of
wage and population.
Journal: Economic Systems Research
Pages: 235-258
Issue: 3
Volume: 16
Year: 2004
Keywords: CGE model, income distribution, regional inequality, regional investment policy,
X-DOI: 10.1080/0953531042000239356
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Template-Type: ReDIF-Article 1.0
Author-Name: Sergio Rey
Author-X-Name-First: Sergio
Author-X-Name-Last: Rey
Author-Name: Guy West
Author-X-Name-First: Guy
Author-X-Name-Last: West
Author-Name: Mark Janikas
Author-X-Name-First: Mark
Author-X-Name-Last: Janikas
Title: Uncertainty in Integrated Regional Models
Abstract:
This paper examines the nature of uncertainty in integrated
econometric+input-output (ECIO) regional models. We focus on three sources
of uncertainty: (a) econometric model parameter uncertainty; (b)
econometric disturbance term uncertainty; and (c) input-output coefficient
uncertainty. Through a series of Monte Carlo simulations we analyse the
relative importance of each component as well as the question of how their
interaction may propagate through the integrated model to affect the
distributions of the endogenous variables. Our results suggest that there
is no simple answer to the question of which source of uncertainty is most
important in an integrated model. Instead, that answer is conditioned upon
the focus of the analysis and whether the industry specific or macro level
variables are of central concerns.
Journal: Economic Systems Research
Pages: 259-277
Issue: 3
Volume: 16
Year: 2004
Keywords: Input-output, econometric, integrated model, uncertainty,
X-DOI: 10.1080/0953531042000239365
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:3:p:259-277
Template-Type: ReDIF-Article 1.0
Author-Name: Shigemi Kagawa
Author-X-Name-First: Shigemi
Author-X-Name-Last: Kagawa
Author-Name: Hajime Inamura
Author-X-Name-First: Hajime
Author-X-Name-Last: Inamura
Title: A Spatial Structural Decomposition Analysis of Chinese and Japanese Energy Demand: 1985-1990
Abstract:
This paper proposes a spatial structural decomposition analysis to
measure the effects of the changes in intra- and inter-country linkages on
the embodied energy demand in the concerned country. For the empirical
analysis, we have used the China- Japan inter-country input-output tables
for 1985 and 1990, expressed in constant prices of 1990. The empirical
results reveal that (1) at least for the period between 1985 and 1990, the
effects of the non-competitive input structural changes in China on the
primary energy requirements of Japan were negligible, and (2) the
contribution of the Japanese final demand shifts on the total change in
Chinese primary energy demand was 40 times larger than that of the Chinese
final demand shifts on the primary energy requirements of Japan. The
Japanese policy makers should concentrate on the energy impacts of the
changes in the domestic production structure rather than the changes in
the Chinese production structure.
Journal: Economic Systems Research
Pages: 279-299
Issue: 3
Volume: 16
Year: 2004
Keywords: Spatial structural decomposition analysis, embodied energy demand, China, Japan,
X-DOI: 10.1080/0953531042000239374
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:3:p:279-299
Template-Type: ReDIF-Article 1.0
Author-Name: Stefan Giljum
Author-X-Name-First: Stefan
Author-X-Name-Last: Giljum
Author-Name: Klaus Hubacek
Author-X-Name-First: Klaus
Author-X-Name-Last: Hubacek
Title: Alternative Approaches of Physical Input-Output Analysis to Estimate Primary Material Inputs of Production and Consumption Activities
Abstract:
In the last few years, a number of studies have been presented that link
material flow accounting and input-output analysis (based on monetary
input-output tables) for the calculation of direct and indirect resource
inputs for production and consumption activities. The compilation of the
first physical input-output tables for some European countries in the
1990s opened new possibilities for linking physical accounting and input-
output analysis. Physical input-output analysis has so far only been
applied for selected materials, but it has not been used for comprehensive
assessments of material requirements of economic activities. In this
paper, possibilities and limits of this new input-output approach are
clarified. We present and discuss a procedure similar to monetary input-
output analysis and develop an alternative approach to account for primary
inputs and waste otherwise not included in the analysis. Based on
aggregated input-output tables for Germany, we present numerical examples
intended to compare the alternative approaches of physical input-output
analysis.
Journal: Economic Systems Research
Pages: 301-310
Issue: 3
Volume: 16
Year: 2004
Keywords: Material flow accounting (MFA), physical input-output analysis, physical input-output tables,
X-DOI: 10.1080/0953531042000239383
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:3:p:301-310
Template-Type: ReDIF-Article 1.0
Author-Name: Sergio Parrinello
Author-X-Name-First: Sergio
Author-X-Name-Last: Parrinello
Title: The Notion of Effectual Supply and the Theory of Normal Prices with Exhaustible Natural Resources
Abstract:
This paper proposes a revised theory of the classical notion of normal
prices for an economy with exhaustible natural resources. The author
introduces the notion of effectual supply and argues that Sraffa's
equations, without the Hotelling rule equation, can be reformulated to
deal with the existence of an exhaustible natural resource. Such a
revision of a well-established theory requires a reinterpretation and
methodological clarification of Sraffa's equations, but without a change
in their mathematical form. The revised theory must focus on the effectual
supply of the resource and it can ignore its total endowment.
Journal: Economic Systems Research
Pages: 311-322
Issue: 3
Volume: 16
Year: 2004
Keywords: Exhaustible resources, Hotelling rule, normal prices, Sraffian analysis,
X-DOI: 10.1080/0953531042000239392
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:3:p:311-322
Template-Type: ReDIF-Article 1.0
Author-Name: Jeffrey Reimer
Author-X-Name-First: Jeffrey
Author-X-Name-Last: Reimer
Author-Name: Thomas Hertel
Author-X-Name-First: Thomas
Author-X-Name-Last: Hertel
Title: Estimation of International Demand Behaviour for Use with Input-Output Based Data
Abstract:
The making of projections often requires an economy-wide perspective, and
the estimation of consumer demands at the international level. In this
paper, an implicit, directly additive demand system (AIDADS) is estimated
using cross- country data on consumer expenditures from two different
sources: the International Comparison Programme (ICP), and the Global
Trade Analysis Project (GTAP). The two data sets are found to produce
results that are quite consistent despite their differing origins, and the
fact that the former is based on consumer goods that embody
wholesale/retail margins, while margin demands are treated separately in
GTAP. Given the similarity of the results, the estimation based on GTAP
data is favoured for economy-wide projection purposes because it can be
readily matched to input-output based production and trade data. An
additional benefit of the GTAP-based estimates is that they provide direct
evidence concerning how aggregate margin expenditures vary with per capita
income.
Journal: Economic Systems Research
Pages: 347-366
Issue: 4
Volume: 16
Year: 2004
Keywords: Demand system estimation, input- output data, wholesale retail margins,
X-DOI: 10.1080/0953531042000304245
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:4:p:347-366
Template-Type: ReDIF-Article 1.0
Author-Name: Marco Missaglia
Author-X-Name-First: Marco
Author-X-Name-Last: Missaglia
Author-Name: Paul de Boer
Author-X-Name-First: Paul
Author-X-Name-Last: de Boer
Title: Food-For-Work versus Cash-For-Work: Emergency Assistance in Palestine
Abstract:
In this paper we analyse the provision of emergency assistance (food
assistance, cash transfers, employment programmes, etc) to a country whose
economy has been decimated since the start of the second intifada. We try
to simulate the different potential effects brought about by these
different policies and, in particular, to draw some policy implications
concerning the Food-for-Work versus Cash-for-Work debate. To that end we
have constructed a general equilibrium model of the Palestinian economy
that we calibrate on the (pre-intifada) Social Accounting Matrix (SAM) of
1998. We give a so-called 'intifada-shock' to construct a counterfactual
'post-intifada' SAM which serves as basis for our policy simulations. We
show that monetary aid from abroad is to be preferred to food aid from
abroad. We argue that a labour-oriented approach (subsidizing the most
labour-intensive sectors) is to be preferred to a welfare-oriented
approach where the subsidized sectors produce those goods that dominate
the consumption basket.
Journal: Economic Systems Research
Pages: 367-390
Issue: 4
Volume: 16
Year: 2004
Keywords: Food-for-work, cash-for-work, computable general equilibrium model, Palestine,
X-DOI: 10.1080/0953531042000304254
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:4:p:367-390
Template-Type: ReDIF-Article 1.0
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Lise-Lotte Pade
Author-X-Name-First: Lise-Lotte
Author-X-Name-Last: Pade
Author-Name: Jesper Munksgaard
Author-X-Name-First: Jesper
Author-X-Name-Last: Munksgaard
Title: CO2 Multipliers in Multi-region Input-Output Models
Abstract:
In order to achieve equitable reduction targets, international trade has
to be taken into account when assessing nations' responsibility for
abating climate change. Especially for open economies such as Denmark,
greenhouse gases embodied in internationally traded commodities can have a
considerable influence on the national 'greenhouse gas responsibility'. We
set up a five-region input-output model including Denmark, Germany, Sweden
and Norway in order to calculate CO2 multipliers and trade balances. We
investigate multidirectional feedback between these countries, and hence
the error inherent in a single-region input-output model. We also examine
the effect of aggregation on the model results. In the case of Denmark, an
11 Mt CO2 trade surplus resulting from a single-region model turns into
balance when multidirectional trade is considered. Moreover, aggregated
models are likely to result in significant errors. Therefore, both the
type and the degree of aggregation used for modelling CO2 responsibilities
could have a major bearing in international negotiations.
Journal: Economic Systems Research
Pages: 391-412
Issue: 4
Volume: 16
Year: 2004
Keywords: Multi-region input-output model, CO2 responsibility, feedback, aggregation,
X-DOI: 10.1080/0953531042000304272
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:4:p:391-412
Template-Type: ReDIF-Article 1.0
Author-Name: Krishna Murty
Author-X-Name-First: Krishna
Author-X-Name-Last: Murty
Title: Government Production Technologies in Canada: 1961 to 2000
Abstract:
This study explores the long-term trends of government production
technologies in Canada for the past four decades, i.e. from 1961 to 2000,
using the annual Canadian input-output data. According to the industry
technology concept of input-output analysis, each industry chooses its
human and material resource requirements and uses them as inputs in its
production processes. The shares of inputs to the total spending depict
the technologies employed by the corresponding industries. As such, the
long-term shifts in the input shares reveal the trends of industry
production technologies for a given period. This study draws on this
concept to explore the long-term trends of government production
technologies. It also discusses the underlying reasons for the observed
trends. Among other things, the study shows that the government production
technologies in Canada were influenced not only by the changing functional
patterns, but also by the changing input patterns of government
expenditure. In addition, the combined shares of employee compensation and
capital consumption, both own-account resources, steadily declined. On the
other hand, the combined shares of purchased services and other inputs,
which are resources acquired from outside sources, gradually rose during
the past four decades.
Journal: Economic Systems Research
Pages: 413-433
Issue: 4
Volume: 16
Year: 2004
Keywords: Government services, production analysis, Canada,
X-DOI: 10.1080/0953531042000304281
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:4:p:413-433
Template-Type: ReDIF-Article 1.0
Author-Name: Andrew Brody
Author-X-Name-First: Andrew
Author-X-Name-Last: Brody
Title: Pace, Pattern and Phase: A Morphology of Cycles
Abstract:
A closed dynamic Leontief model is implemented for the Business,
Government and Household sectors of the Hungarian and the US economies at
the end of the past century. It is built on rough estimates of its flow
and stock coefficients. The growth rate and the length and pattern of the
four most familiar cycles are reasonably well approximated by the model
and are similar for the two countries in spite of the large discrepancy in
the proportions of the equilibrium quantity vectors. The mathematics of
cycles (for discrete or continuous time) is also discussed. Fluctuations
are shown to be the elementary, basic and unavoidable consequence of all
productive activities. They will emerge even in the absence of any price
mechanism.
Journal: Economic Systems Research
Pages: 435-450
Issue: 4
Volume: 16
Year: 2004
Keywords: Equilibrium, cycle, national accounts,
X-DOI: 10.1080/0953531042000304290
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Handle: RePEc:taf:ecsysr:v:16:y:2004:i:4:p:435-450
Template-Type: ReDIF-Article 1.0
Author-Name: Miguel Angel Tarancon
Author-X-Name-First: Miguel Angel
Author-X-Name-Last: Tarancon
Author-Name: Pablo Del Rio
Author-X-Name-First: Pablo Del
Author-X-Name-Last: Rio
Title: Projection of input-output tables by means of mathematical programming based on the hypothesis of stable structural evolution
Abstract:
The high costs involved in the construction of input-output tables (IOTs)
using survey methods, makes the development of mathematical projection
techniques attractive. An adjustment and projection method of IOTs, based
on mathematical programming techniques, is proposed here. The flexibility
and ability to include information on elements and aggregates is one of
this method's main advantages over alternative adjustment methods. Among
the information included in the adjustment, the most relevant is related
to the evolution hypothesis of the production structure under stable
conditions. This leads to the inclusion of intervals for coefficients. A
set of adjusted tables, consistent with their own internal structure, is
obtained after an interactive and iterative process that reconciles all
information sources. A projection of IOTs in Spain for the period
1995-1998 is undertaken to examine the accuracy of the method.
Journal: Economic Systems Research
Pages: 1-23
Issue: 1
Volume: 17
Year: 2005
Keywords: Input-output projection, mathematical programming, structural evolution,
X-DOI: 10.1080/09535310500034119
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310500034119
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Template-Type: ReDIF-Article 1.0
Author-Name: Jurgen Essletzbichler
Author-X-Name-First: Jurgen
Author-X-Name-Last: Essletzbichler
Author-Name: David Rigby
Author-X-Name-First: David
Author-X-Name-Last: Rigby
Title: Technological evolution as creative destruction of process heterogeneity: evidence from US plant-level data
Abstract:
Change in evolutionary economics is predicated on the creative
destruction of variety. Despite the importance of the concept of variety,
or heterogeneity, in evolutionary economic theory, empirical work that
examines the character of variety - its extent and its persistence - is
still scarce. Drawing on unpublished, micro-level data from the US Bureau
of the Census, this paper examines the characteristics of process
heterogeneity in selected US manufacturing industries. More specifically
the paper has three goals. First, to demonstrate that heterogeneity in
plant technologies exists and that it persists over time even within
relatively mature industrial sectors. Second, to examine the veracity of
the processes that generate and destroy heterogeneity in production
technology within narrowly defined industries. Third, to link the
heterogeneity of plant-level techniques of production to the pace and
direction of technological change at the level of the industry.
Journal: Economic Systems Research
Pages: 25-45
Issue: 1
Volume: 17
Year: 2005
Keywords: Evolutionary economics, heterogeneity, technological change, LRD,
X-DOI: 10.1080/09535310500034168
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310500034168
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:1:p:25-45
Template-Type: ReDIF-Article 1.0
Author-Name: Kurt Kratena
Author-X-Name-First: Kurt
Author-X-Name-Last: Kratena
Title: Prices and factor demand in an endogenized input-output model
Abstract:
This paper combines factor demand functions (for intermediate input and
labour) and price equations (derived from a Generalized Leontief cost
function) with the traditional input-output price model. The cost
functions determine factor demands for materials and labour as well as
output prices at given input prices. At the second level of aggregation,
the intermediate demand as a single input is split proportional to the
elements in the column of the technical coefficients matrix. The emphasis
in this endogenization of technical coefficients is on two features.
First, the repercussion of output on input prices, and, second, the link
between the econometric model for the supply side and the input-output
demand model.
Journal: Economic Systems Research
Pages: 47-56
Issue: 1
Volume: 17
Year: 2005
Keywords: Input-output price model, Generalized Leontief cost functions, endogenous technical coefficients,
X-DOI: 10.1080/09535310500034200
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Template-Type: ReDIF-Article 1.0
Author-Name: Matteo Manera
Author-X-Name-First: Matteo
Author-X-Name-Last: Manera
Author-Name: Bruno Sitzia
Author-X-Name-First: Bruno
Author-X-Name-Last: Sitzia
Title: Empirical factor demands and flexible functional forms: a bayesian approach
Abstract:
In this paper we compare classical econometrics, calibration and Bayesian
inference in the context of the empirical analysis of factor demands. Our
application is based on a popular flexible functional form for the firm's
cost function, namely Diewert's Generalized Leontief function, and uses
the well-known Berndt and Wood 1947-1971 KLEM data on the US manufacturing
sector. We illustrate how the Gibbs sampling methodology can be easily
used to calibrate parameter values and elasticities on the basis of
previous knowledge from alternative studies on the same data, but with
different functional forms. We rely on a system of mixed non-informative
diffuse priors for some key parameters and informative tight priors for
others. Within the Gibbs sampler, we employ rejection sampling to
incorporate parameter restrictions, which are suggested by economic theory
but in general rejected by economic data. Our results show that values of
those parameters that relate to non-informative priors are almost equal to
the standard SUR estimates, whereas differences come out for those
parameters to which we have assigned informative priors. Moreover,
discrepancies can be appreciated in some crucial parameter estimates
obtained with or without rejection sampling.
Journal: Economic Systems Research
Pages: 57-75
Issue: 1
Volume: 17
Year: 2005
Keywords: Factor demands, flexible functional forms, calibration, Bayesian inference,
X-DOI: 10.1080/09535310500034333
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:1:p:57-75
Template-Type: ReDIF-Article 1.0
Author-Name: Reiner Wolff
Author-X-Name-First: Reiner
Author-X-Name-Last: Wolff
Title: A global robustness measure for input-output projections from ESA and SNA tables
Abstract:
Input-output (interindustry) data are in wide use in empirical research
and constitute an integral part of the European System of Accounts (ESA)
and of the System of National Accounts (SNA). In a strict sense, however,
these data are merely estimates of the true economic relationships.
Therefore, we suggest a measure of robustness of input-output projections
with respect to errors or changes in the underlying Leontief matrix. Our
measure is based on the mathematical theory of norms and characterizes a
complete Leontief matrix. Thereby, no assumptions are required on the
distribution of the matrix elements. We discuss alternative
numerical-computing algorithms and provide useful bounds and approximation
formulas. The paper concludes with a large set of empirical sample
applications.
Journal: Economic Systems Research
Pages: 77-93
Issue: 1
Volume: 17
Year: 2005
Keywords: Condition problem, Leontief matrix, input-output projections, robustness,
X-DOI: 10.1080/09535310500034341
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:1:p:77-93
Template-Type: ReDIF-Article 1.0
Author-Name: Linda Ferguson
Author-X-Name-First: Linda
Author-X-Name-Last: Ferguson
Author-Name: Peter Mcgregor
Author-X-Name-First: Peter
Author-X-Name-Last: Mcgregor
Author-Name: J. Kim Swales
Author-X-Name-First: J. Kim
Author-X-Name-Last: Swales
Author-Name: Karen Turner
Author-X-Name-First: Karen
Author-X-Name-Last: Turner
Author-Name: Ya Ping Yin
Author-X-Name-First: Ya Ping
Author-X-Name-Last: Yin
Title: Incorporating sustainability indicators into a computable general equilibrium model of the scottish economy
Abstract:
In recent years, the notion of sustainable development has begun to
figure prominently in the regional, as well as the national, policy
concerns of many industrialized countries. Indicators have typically been
used to monitor changes in economic, environmental and social variables to
show whether economic development is on a sustainable path. In this paper
we endogenize individual and composite environmental indicators within an
appropriately specified computable general equilibrium modelling framework
for Scotland. In principle, at least, this represents a very powerful
modelling tool that can inform the policy making process by identifying
the impact of any exogenous policy change on the key endogenous
environmental and economic indicators. It can also identify the effects of
any binding environmental targets on economic activity.
Journal: Economic Systems Research
Pages: 103-140
Issue: 2
Volume: 17
Year: 2005
Keywords: Computable general equilibrium modelling, environmental indicators, sustainability policy,
X-DOI: 10.1080/09535310500114838
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:2:p:103-140
Template-Type: ReDIF-Article 1.0
Author-Name: Faye Duchin
Author-X-Name-First: Faye
Author-X-Name-Last: Duchin
Title: A world trade model based on comparative advantage with m regions, n goods, and k factors
Abstract:
This paper describes the World Trade Model, a linear program that
determines world prices, scarcity rents, and international trade flows
based on comparative advantage in a world economy with m regions, n goods,
and k factors. The new model generalizes the World Model of Leontief et
al. (1977) in ways that make it particularly useful for analyzing
scenarios about sustainable development. Major properties of the model are
demonstrated, and sources of the gains from trade are identified for the
world as a whole and for individual regions. Illustrative results are
reported for a 10-region, 8-good, 3-factor model of the world economy.
Journal: Economic Systems Research
Pages: 141-162
Issue: 2
Volume: 17
Year: 2005
Keywords: International trade, world model, comparative advantage, linear programming,
X-DOI: 10.1080/09535310500114903
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:2:p:141-162
Template-Type: ReDIF-Article 1.0
Author-Name: Akira Okamoto
Author-X-Name-First: Akira
Author-X-Name-Last: Okamoto
Title: Simulating fundamental tax reforms in an aging Japan
Abstract:
This paper studies in a quantitative way the macroeconomic and welfare
effects of introducing progressive expenditure taxation, in a situation of
the aging of the Japanese population. It undertakes a simulation analysis
taking account of the general equilibrium effects of intragenerational
inequality, which increases with a transition to an aging society. The
simulation results suggest that progressive expenditure taxation has
advantages over progressive labor income taxation on the grounds of
efficiency and equity. Thus, a shift to progressive expenditure taxation
can overcome the large welfare loss that would occur under the current tax
system as Japan ages.
Journal: Economic Systems Research
Pages: 163-185
Issue: 2
Volume: 17
Year: 2005
Keywords: Aging population, tax reform, life-cycle general equilibrium model, simulation,
X-DOI: 10.1080/09535310500114911
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:2:p:163-185
Template-Type: ReDIF-Article 1.0
Author-Name: Bjarne Madsen
Author-X-Name-First: Bjarne
Author-X-Name-Last: Madsen
Author-Name: Chris Jensen-butler
Author-X-Name-First: Chris
Author-X-Name-Last: Jensen-butler
Title: Spatial accounting methods and the construction of spatial social accounting matrices
Abstract:
The paper examines modifications to Regional Accounts used to construct
regional and interregional Social Accounting Matrices (SAMs). It is argued
that as the size of the basic areal unit used in studies declines, more
traditional accounting approaches are no longer satisfactory. A
three-dimensional spatial approach (termed two-by-two-by-two) to the
identification of fundamental dimensions (commodity and factor market;
geographical; and social accounts) has been developed in contrast to the
more traditional non-spatial approach (termed two-by-two). This involves a
novel approach using the geographical concepts of place of production for
production activities, place of residence for institutions, marketplace
for commodities and marketplace for factors. The use of these concepts
permits accounting balances to be calculated at the spatial level. The
theoretical basis of the spatial regional accounting model is presented
and an example of the construction of a Danish Interregional SAM (SAM-K)
is examined. Particular attention is given to data requirements, showing
that these are much more modest than generally assumed.
Journal: Economic Systems Research
Pages: 187-210
Issue: 2
Volume: 17
Year: 2005
Keywords: Interregional SAM, spatial accounting, data requirements,
X-DOI: 10.1080/09535310500114994
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:2:p:187-210
Template-Type: ReDIF-Article 1.0
Author-Name: Xikang Chen
Author-X-Name-First: Xikang
Author-X-Name-Last: Chen
Author-Name: Ju-e Guo
Author-X-Name-First: Ju-e
Author-X-Name-Last: Guo
Author-Name: Cuihong Yang
Author-X-Name-First: Cuihong
Author-X-Name-Last: Yang
Title: Extending the input-output model with assets
Abstract:
In this paper, the input-output model is extended with assets. It allows
us to examine the various assets that are held and used in production. The
requirements of assets that must be held by each sector can thus be
specified. Extending the input-output model with assets provides a better
alternative to the capital stock matrix in the standard Systems of
National Accounts. The input-output model is extended by taking the
depreciation of fixed assets into full account. This extension allows for
the calculation of total holding coefficients that express the amount of
assets that are required to be held in each sector in order to satisfy a
unit of final demand. In addition, a dynamic version of the extended model
is presented. The extended input-output model has been widely applied in
China for various purposes.
Journal: Economic Systems Research
Pages: 211-225
Issue: 2
Volume: 17
Year: 2005
Keywords: Assets, extended input-output models, total labor consumption coefficients, total holding coefficients, dynamic input-output model,
X-DOI: 10.1080/09535310500115074
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:2:p:211-225
Template-Type: ReDIF-Article 1.0
Author-Name: Malcolm Beynon
Author-X-Name-First: Malcolm
Author-X-Name-Last: Beynon
Author-Name: Max Munday
Author-X-Name-First: Max
Author-X-Name-Last: Munday
Author-Name: Annette Roberts
Author-X-Name-First: Annette
Author-X-Name-Last: Roberts
Title: Ranking sectors using fuzzy output multipliers
Abstract:
Using input-output analysis to model the effects of changes in industry
final demands is fraught with problems, many of which relate to the
fundamental limitations of the concomitant linear framework. A further
issue concerns the accuracy of the results, a consequence of the
uncertainty surrounding the values of multipliers. Such uncertainty can
create problems where the values of output multipliers are used to inform
resource directions. This paper utilizes (and develops) a fuzzy
input-output model and investigates the ranking of industries based on
fuzzy output multipliers. The non-triviality of the fuzzy model is
exposited in a general problem, where imprecision is defined by a
proportional level of imprecision (fuzziness) in the technical
coefficients. Through a nascent method for ranking fuzzy numbers,
comparisons are made between the fuzzy and more traditional (non-fuzzy)
analysis.
Journal: Economic Systems Research
Pages: 237-253
Issue: 3
Volume: 17
Year: 2005
Keywords: Fuzzy set theory, fuzzy output multipliers, input-output, key sector analysis,
X-DOI: 10.1080/09535310500221716
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:3:p:237-253
Template-Type: ReDIF-Article 1.0
Author-Name: Ezequiel Uriel
Author-X-Name-First: Ezequiel
Author-X-Name-Last: Uriel
Author-Name: Javier Ferri
Author-X-Name-First: Javier
Author-X-Name-Last: Ferri
Author-Name: Maria Luisa Molto
Author-X-Name-First: Maria Luisa
Author-X-Name-Last: Molto
Title: Estimation of an Extended SAM with household production for Spain 1995
Abstract:
This paper implements the conceptual framework sketched by Pyatt (1990)
to construct an extended Social Accounting Matrix for Spain in 1995
(ESAM-95) to consider, in addition to the market economy, the production
of services provided by households through unpaid work. In doing so, the
ESAM-95 integrates the accounts related to market activities (ESA
accounts) with non-market activities (non-ESA accounts) in a consistent
way. Additional classifications are introduced in both ESA and non-ESA
accounts in order to disaggregate the institutional accounts by household
type and those of production factors by educational level and gender. The
extended SAM is useful to calibrate CGE models in which the distribution
of time between paid and unpaid work is a relevant variable.
Journal: Economic Systems Research
Pages: 255-278
Issue: 3
Volume: 17
Year: 2005
Keywords: Social accounting matrix, use of time, household production,
X-DOI: 10.1080/09535310500221773
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310500221773
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:3:p:255-278
Template-Type: ReDIF-Article 1.0
Author-Name: Wulong Gu
Author-X-Name-First: Wulong
Author-X-Name-Last: Gu
Author-Name: Lori Whewell Rennison
Author-X-Name-First: Lori Whewell
Author-X-Name-Last: Rennison
Title: The effect of trade on productivity growth and the demand for skilled workers in Canada
Abstract:
We use an input-output model to examine the effect of trade integration
on productivity growth and the demand for skilled workers in Canada for
the period 1981-1997. We find that trade integration has a positive effect
on both labour productivity and total factor productivity. Labour
productivity and total factor productivity grew faster in export and
import industries than in the total business sector over this period, and
this productivity growth gap has widened over time. Canada is found to
have a comparative advantage in capital- and natural-resource-intensive
industries, although it has declined over time. We find that trade
integration has little effect on the demand for skilled and unskilled
workers in Canada.
Journal: Economic Systems Research
Pages: 279-296
Issue: 3
Volume: 17
Year: 2005
Keywords: Trade, productivity, skills, comparative advantage,
X-DOI: 10.1080/09535310500221815
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310500221815
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:3:p:279-296
Template-Type: ReDIF-Article 1.0
Author-Name: Dong Guo
Author-X-Name-First: Dong
Author-X-Name-Last: Guo
Author-Name: Geoffrey Hewings
Author-X-Name-First: Geoffrey
Author-X-Name-Last: Hewings
Author-Name: Michael Sonis
Author-X-Name-First: Michael
Author-X-Name-Last: Sonis
Title: Integrating decomposition approaches for the analysis of temporal changes in economic structure: an application to Chicago's economy from 1980 to 2000
Abstract:
This paper presents an attempt to integrate two flow decomposition
methods to analyse temporal changes in a region's economic structure. The
two methods of structural analysis are push-pull decomposition analysis
and structural Q-analysis. Push-pull analysis presents a
quasi-optimization decomposition of a set of matrices with actual
intersectoral economic flows into a weighted set of matrices, while
structural Q-analysis provides a form in which the structure of these
decomposed flows can be considered. The paper provides an expository
application to Chicago's economic structure over the period of 1980 to
2000, to reveal a complementary perspective of hollowing-out the
production process in the Chicago economy that was identified in previous
studies.
Journal: Economic Systems Research
Pages: 297-315
Issue: 3
Volume: 17
Year: 2005
Keywords: Push-pull analysis, structural Q-analysis, hollowing-out process, Chicago economy,
X-DOI: 10.1080/09535310500221849
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:3:p:297-315
Template-Type: ReDIF-Article 1.0
Author-Name: Imre Dobos
Author-X-Name-First: Imre
Author-X-Name-Last: Dobos
Author-Name: Adel Floriska
Author-X-Name-First: Adel
Author-X-Name-Last: Floriska
Title: A Dynamic Leontief Model with Non-renewable Resources
Abstract:
In this paper we study a generalization of the dynamic Leontief
input-output model. We extend the standard dynamic Leontief model with the
balance equation of non-renewable resources. Obviously, the non-renewable
stocks will decrease, exploiting primary resources. In this study we
examine the controllability of this extended model by taking the
consumption as the control parameter. Assuming balanced growth for both
consumption and production, we investigate how long these scarce resources
will cover the input needs of production and how the lifetime of the
system depends on the balanced growth rate and on the consumption. In
doing so, we apply classic results from control theory and on eigenvalue
problems in linear algebra.
Journal: Economic Systems Research
Pages: 317-326
Issue: 3
Volume: 17
Year: 2005
Keywords: Dynamical systems, eigenvalue problem, control theory, environmental management,
X-DOI: 10.1080/09535310500221856
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:3:p:317-326
Template-Type: ReDIF-Article 1.0
Author-Name: Jan Oosterhaven
Author-X-Name-First: Jan
Author-X-Name-Last: Oosterhaven
Title: GRAS versus minimizing absolute and squared differences: a comment
Abstract:
Junius and Oosterhaven (2003) developed the GRAS algorithm that minimizes
the information gain when updating input-output tables with both positive
and negative signs. Jackson and Murray (2004), however, claim that
minimizing squared differences in coefficients produces a smaller
information gain, which is theoretically impossible. In this comment,
calculation errors are sorted out from differences in measures, and it is
shown that the information gain needs to be taken in absolute terms when
increasing and decreasing cell values occur together. The numerical
results show that GRAS outperforms both sign-preserving alternatives in
all but one comparison of lesser economic importance. Moreover, as opposed
to the result of Jackson and Murray, they show that minimizing absolute
differences consistently outperforms minimizing squared differences, which
overweighs large errors in small coefficients.
Journal: Economic Systems Research
Pages: 327-331
Issue: 3
Volume: 17
Year: 2005
Keywords: RAS, biproportional updating, input-output, information gain,
X-DOI: 10.1080/09535310500221864
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:3:p:327-331
Template-Type: ReDIF-Article 1.0
Author-Name: Sangwon Suh
Author-X-Name-First: Sangwon
Author-X-Name-Last: Suh
Author-Name: Shigemi Kagawa
Author-X-Name-First: Shigemi
Author-X-Name-Last: Kagawa
Title: Industrial ecology and input-output economics: an introduction
Abstract:
Industrial ecology aims at closing material cycles within industrial
systems by developing symbiotic functions among system components. How
industrial systems are structured and how they transform, use and discard
natural resources is, therefore, the key focus of industrial ecology. As
an introduction to this issue of Economic Systems Research, which is
themed around industrial ecology, the current paper aims to provide a
background on industrial ecology, highlighting the role of and
contributions from input-output economics. A brief history of industrial
ecology and input-output economics is presented, focusing on a number of
specific areas where the two disciplines overlap. The role of input-output
economics in industrial ecology is discussed in terms of how input-output
economics has been, and is being, utilized in industrial ecology. Finally
the papers that are presented in this issue are briefly introduced.
Journal: Economic Systems Research
Pages: 349-364
Issue: 4
Volume: 17
Year: 2005
Keywords: Input-output economics, inter-industry analysis, industrial ecology, industrial metabolism, history,
X-DOI: 10.1080/09535310500283476
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:4:p:349-364
Template-Type: ReDIF-Article 1.0
Author-Name: Blanca Gallego
Author-X-Name-First: Blanca
Author-X-Name-Last: Gallego
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Title: A consistent input-output formulation of shared producer and consumer responsibility
Abstract:
Growing interest in environmental and socio-economic accounting at the
sub-regional and organisational level requires a consistent and
comprehensive method for computing and reporting responsibility for
impacts of industrial production such as water use, pollution, or
employment. This work presents a formulation for allocating responsibility
for production impacts consistently amongst all agents such as consumers,
producers, workers, and investors throughout demand and supply chains, in
a way that reflects their contribution to the production process.
Generalised input-output theory is used to re-trace the flow of past
inter-industrial transactions, and examine ex-post how, for example,
inputs of resources or outputs of pollution were associated with these
transactions. Introducing the concept of a responsibility share we enable
the division of responsibility into mutually exclusive and collectively
exhaustive portions that are assigned to the different economic sectors,
and that become consistently smaller as we move away from the location of
the impact within the supply or demand chain system.
Journal: Economic Systems Research
Pages: 365-391
Issue: 4
Volume: 17
Year: 2005
Keywords: Extended responsibility, producer, consumer, supply chain, environmental impact,
X-DOI: 10.1080/09535310500283492
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:4:p:365-391
Template-Type: ReDIF-Article 1.0
Author-Name: Yasushi Kondo
Author-X-Name-First: Yasushi
Author-X-Name-Last: Kondo
Author-Name: Shinichiro Nakamura
Author-X-Name-First: Shinichiro
Author-X-Name-Last: Nakamura
Title: Waste input-output linear programming model with its application to eco-efficiency analysis
Abstract:
This paper is concerned with a decision analytic extension of the waste
input-output model, based on the method of linear programming. The
resulting model, which is named the waste input-output linear programming
model, allows one to automatically obtain an 'optimal' waste management
and recycling strategy from among a given set of alternative feasible
strategies. The model can thus explore the extent to which a given measure
of eco-efficiency can be maximized by an appropriate combination of
existing (technological and resource) potentials. An application to
Japanese data is also presented.
Journal: Economic Systems Research
Pages: 393-408
Issue: 4
Volume: 17
Year: 2005
Keywords: Waste input-output analysis, linear programming, life-cycle assessment, eco-efficiency,
X-DOI: 10.1080/09535310500283526
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:4:p:393-408
Template-Type: ReDIF-Article 1.0
Author-Name: Shigemi Kagawa
Author-X-Name-First: Shigemi
Author-X-Name-Last: Kagawa
Title: Inter-industry analysis, consumption structure, and the household waste production structure
Abstract:
The standard waste input-output models for single region and
multi-regions do not endogenously treat the dependent relationship between
income distribution (household consumption) and household waste
generation. As in Miyazawa and Masegi (1963), I introduce the propagation
process of income distribution and household waste generation into the
extended input-output analysis and reveal the hidden money flow resulting
from the industrial and household waste disposal behaviour. From the
empirical analysis, I find the endogenous income propagation effect
resulting from the household waste treatments induced by unit household
consumption (one million yen) was remarkably small, as compared to that
for ordinary commodity productions. I also find that the contribution of
industrial and household waste treatment and recycling activities to the
1995 Japanese economy was about one trillion yen (0.1% of the gross
domestic output), considering the endogenous income propagation effects
induced by the consumption behaviour of labours engaging in the waste
treatments. Interestingly, the empirical results reveal that the
contribution of one ton of the industrial waste to the Japanese economy
was 5,730 yen, while one ton of the household waste brought about 8,266
yen of total economic impact. This indicates that the household waste
disposal activity was more beneficial than the industrial waste disposal
activity, considering the endogenous income propagation effects.
Journal: Economic Systems Research
Pages: 409-423
Issue: 4
Volume: 17
Year: 2005
Keywords: Social accounting multipliers, municipal solid waste, industrial waste,
X-DOI: 10.1080/09535310500283559
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:4:p:409-423
Template-Type: ReDIF-Article 1.0
Author-Name: Mette Wier
Author-X-Name-First: Mette
Author-X-Name-Last: Wier
Author-Name: Line Block Christoffersen
Author-X-Name-First: Line Block
Author-X-Name-Last: Christoffersen
Author-Name: Trine Jensen
Author-X-Name-First: Trine
Author-X-Name-Last: Jensen
Author-Name: Ole Pedersen
Author-X-Name-First: Ole
Author-X-Name-Last: Pedersen
Author-Name: Hans Keiding
Author-X-Name-First: Hans
Author-X-Name-Last: Keiding
Author-Name: Jesper Munksgaard
Author-X-Name-First: Jesper
Author-X-Name-Last: Munksgaard
Title: Evaluating sustainability of household consumption—Using DEA to assess environmental performance
Abstract:
We assess environmental performance across product types and across
household types in order to evaluate environmental pressure from human
activities. To so do, we combine family budget statistics, input-output
tables, energy and material flow matrices, various types of emissions and
environmental effects indices for various effect types (e.g. a global
warming potential index, an ozone depletion potential index, etc).
Subsequently, using DEA (Data Envelopment Analysis), we use these weighted
environmental effects indices to form one environ-mental performance score
for each family type and product type. We find that the environmental
performance of each family type changes considerably across environmental
effect types. The analysis of the overall environmental performance scores
shows that families living in urban flats, especially the young and
elderly families, have the most environmentally friendly consum-ption
pattern. Middle income families living in houses have the least
environmentally friendly consumer basket, and these families constitute a
high share of all families in Denmark.
Journal: Economic Systems Research
Pages: 425-447
Issue: 4
Volume: 17
Year: 2005
Keywords: Environmental performance, product ranking, sustainable household consumption, DEA analysis, integrated modelling,
X-DOI: 10.1080/09535310500284276
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:4:p:425-447
Template-Type: ReDIF-Article 1.0
Author-Name: Sangwon Suh
Author-X-Name-First: Sangwon
Author-X-Name-Last: Suh
Title: Developing a sectoral environmental database for input-output analysis: the comprehensive environmental data archive of the US
Abstract:
This paper elucidates the data sources and data preparation procedures
used in developing the sectoral environmental data of the US. The database
described in this paper interlinks (1) Input-Output Table (IOT), (2)
environmental emission and resources use statistics, and (3)
characterization factors from Life Cycle Impact Assessment (LCIA) that
quantify environmental impacts. Each of these three modules was designed
to describe (1) the economic process that generates environmental
interventions, (2) the quantity of the environmental intervention
generated and (3) the process through which these environmental
interventions realize environmental impacts, respectively. The resulting
database encompasses 1344 different types of environmental interventions
generated by 480 commodities of the US input-output table, linked to 86
commonly used LCIA models. This paper aims to share the experiences of and
to elucidate the procedures and the data sources used for developing the
sectoral environmental database in the US.
Journal: Economic Systems Research
Pages: 449-469
Issue: 4
Volume: 17
Year: 2005
Keywords: Sectoral environmental data, input-output analysis, life cycle impact assessment,
X-DOI: 10.1080/09535310500284326
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Handle: RePEc:taf:ecsysr:v:17:y:2005:i:4:p:449-469
Template-Type: ReDIF-Article 1.0
Author-Name: Henryk Gurgul
Author-X-Name-First: Henryk
Author-X-Name-Last: Gurgul
Author-Name: Paweł Majdosz
Author-X-Name-First: Paweł
Author-X-Name-Last: Majdosz
Title: Interfund linkage analysis: the case of the polish pension fund sector
Abstract:
Although fund activities whose target is to attract the members of rivals
would seem to be very important for a proper evaluation of pension fund
achievements, this topic has not been looked at by researchers. This paper
presents an approach to assess the interfund effects of savings transfers
based upon Polish tables of transfers published by the KNUiFE over the
period from the fourth quarter of 2001 to the first quarter of 2004. Some
useful indicators are suggested. By means of these indicators a taxonomy
of pension funds operating in Poland was carried out. We also find which
transfers of savings are the most important, i.e. which changes in the
relative level of such transfers cause the largest perturbations in the
whole pension fund sector.
Journal: Economic Systems Research
Pages: 1-27
Issue: 1
Volume: 18
Year: 2006
Keywords: Pension funds, savings' transfers, sensitivity matrix,
X-DOI: 10.1080/09535310500440829
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Template-Type: ReDIF-Article 1.0
Author-Name: Andres Blancas
Author-X-Name-First: Andres
Author-X-Name-Last: Blancas
Title: Interinstitutional linkage analysis: a social accounting matrix multiplier approach for the Mexican economy
Abstract:
By analogy to inter-industry analysis, this paper addresses the
Inter-institutional linkage analysis through an accounting multiplier
approach and a social accounting matrix framework that has a flow of
funds. Such an analysis provides a useful tool to identify and quantify
structural features of an economy in terms of productive and financial
backward and forward linkage indices, which are estimated from the
accounting multipliers. As an empirical application of this analysis, we
identify and measure the accounting multipliers and the respective linkage
indices for the Mexican economy. The results may help to improve the
quality of policy decisions by detecting key linkage and partial linkage
accounts (production sectors or institutions) and by providing a better
understanding of how an impact of an initial exogenous injection runs
within a complex economic structure.
Journal: Economic Systems Research
Pages: 29-59
Issue: 1
Volume: 18
Year: 2006
Keywords: Inter-institutional linkage analysis, social accounting matrix, accounting multipliers, Mexican economy,
X-DOI: 10.1080/09535310500440548
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Template-Type: ReDIF-Article 1.0
Author-Name: Rutger Hoekstra
Author-X-Name-First: Rutger
Author-X-Name-Last: Hoekstra
Author-Name: Marco Janssen
Author-X-Name-First: Marco
Author-X-Name-Last: Janssen
Title: Environmental responsibility and policy in a two-country dynamic input-output model
Abstract:
Increased spatial dependency of economic activities, as well as spatial
differentiation of production and consumption, has implications for
environmental policy. One of the issues that has gained importance is the
responsibility for the emissions from products that cross national
boundaries during the environmental policy's lifetime. This paper
discusses the different ethical views of environmental responsibility.
Furthermore, the policy measures that are associated with the different
viewpoints are analyzed in a novel dynamic two-country two-sector dynamic
input-output model. A numerical example is modeled to assess taxing
schemes that are based on these ethical viewpoints. The results show that
a tax on the 'embodied' environmental pressure, which is generally viewed
as ethically preferable, is less effective that the current policy of
taxing consumers of products. Our discussion however shows that these
results are very dependent on the model structure and initial parameters
that are used. Nevertheless, the model illustrates that policies that are
based on ethically superior standpoints may have detrimental distortionary
effects in the dynamic setting.
Journal: Economic Systems Research
Pages: 61-84
Issue: 1
Volume: 18
Year: 2006
Keywords: Dynamic input-output model, international trade, technological change, environmental responsibility,
X-DOI: 10.1080/09535310500440894
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:1:p:61-84
Template-Type: ReDIF-Article 1.0
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Jesper Stage
Author-X-Name-First: Jesper
Author-X-Name-Last: Stage
Title: Mixing oil and water? Using hybrid input-output tables in a Structural decomposition analysis
Abstract:
Input-output studies of energy use frequently adopt the so-called hybrid
table, where the rows corresponding to energy sectors are in energy units
rather than in monetary units. However, we show that, in structural
decomposition analyses, this hybrid approach may induce arbitrary results
that depend on the choice of units, rather than on changes in economic
structure. This is because an economically meaningless sum of monetary and
energy units enters the calculations. Our proposed solution to this
problem is based on using a sum of monetary units instead, thus avoiding
this attempt to mix oil and water.
Journal: Economic Systems Research
Pages: 85-95
Issue: 1
Volume: 18
Year: 2006
Keywords: Structural decomposition analysis, input-output analysis, energy use, hybrid input-output tables,
X-DOI: 10.1080/09535310500440803
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:1:p:85-95
Template-Type: ReDIF-Article 1.0
Author-Name: Paul de Boer
Author-X-Name-First: Paul
Author-X-Name-Last: de Boer
Author-Name: Marco Missaglia
Author-X-Name-First: Marco
Author-X-Name-Last: Missaglia
Title: Economic consequences of intifada
Abstract:
In 2003 the World Bank (WB) and the International Monetary Fund (IMF)
published estimates of macro-economic indicators for 2002 of the economy
of Palestine. The WB used a micro-founded recursive dynamic computable
general equilibrium (CGE) model, calibrated on the 1998 Social Accounting
Matrix (SAM) of Palestine, to which shocks were applied, whereas the IMF
based its estimates on a macro-founded income-expenditure model relying on
more recent data. It turned out that there were substantial differences:
the estimate by the WB of the real gross national income (at 1998 prices)
was 25% less than the corresponding figure calculated by the IMF. This
huge difference is not only relevant for a full understanding of the
economic consequences of the intifada, but also for the size of the
international community intervention. In this paper we propose our own
evaluation with the help of a static CGE model, based on the 1998 SAM and
the so-called intifada shock derived from data of the WB that we
constructed for the analysis of some forms of emergency assistance in a
previous article. It turns out that our estimates, based on an entirely
different methodology, are remarkably close to those of the IMF.
Journal: Economic Systems Research
Pages: 97-106
Issue: 1
Volume: 18
Year: 2006
Keywords: Macro-economic indicators, computable general equilibrium model, Palestine,
X-DOI: 10.1080/09535310500440779
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:1:p:97-106
Template-Type: ReDIF-Article 1.0
Author-Name: Marco Percoco
Author-X-Name-First: Marco
Author-X-Name-Last: Percoco
Author-Name: Geoffrey Hewings
Author-X-Name-First: Geoffrey
Author-X-Name-Last: Hewings
Author-Name: Lanfranco Senn
Author-X-Name-First: Lanfranco
Author-X-Name-Last: Senn
Title: Structural change decomposition through a global sensitivity analysis of input-output models
Abstract:
Sensitivity analysis has become an important tool to test the robustness
of estimated economic models. In this paper we propose the use of
simulation-based sensitivity analysis to identify the fundamental
structure of the economy. To show the possibilities of this technique, we
provide empirical evidence on the path of structural change occurring in
the Chicago economy by running simulations for projected input-output
tables over the period 1975-2010.
Journal: Economic Systems Research
Pages: 115-131
Issue: 2
Volume: 18
Year: 2006
Keywords: Input-output models, sensitivity analysis, importance matrix,
X-DOI: 10.1080/09535310600652919
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:2:p:115-131
Template-Type: ReDIF-Article 1.0
Author-Name: Yasuhide Okuyama
Author-X-Name-First: Yasuhide
Author-X-Name-Last: Okuyama
Author-Name: Michael Sonis
Author-X-Name-First: Michael
Author-X-Name-Last: Sonis
Author-Name: Geoffrey Hewings
Author-X-Name-First: Geoffrey
Author-X-Name-Last: Hewings
Title: Typology of structural change in a regional economy: a temporal inverse analysis
Abstract:
Earlier studies have investigated the hollowing-out phenomenon of the
Chicago economy, in which the manufacturing sectors in Chicago have
decreased their intermediate dependency within the region while the
service sectors have increased their dependency. In this paper, a series
of annual input-output tables for the Chicago metropolitan economy during
the period of 1980-1997 was again employed for a further investigation of
the structural change using an alternative tool, the temporal Leontief
inverse analysis, that can assist in exploring trends and uncovering
tendencies in individual sectors or groups of sectors within the context
of an economy-wide system of accounts. The results are compared with the
earlier studies for examining the nature and details of the hollowing-out
phenomenon.
Journal: Economic Systems Research
Pages: 133-153
Issue: 2
Volume: 18
Year: 2006
Keywords: Input-output table, time-series analysis, structural change, hollowing-out process,
X-DOI: 10.1080/09535310600652943
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:2:p:133-153
Template-Type: ReDIF-Article 1.0
Author-Name: Glen Peters
Author-X-Name-First: Glen
Author-X-Name-Last: Peters
Author-Name: Edgar Hertwich
Author-X-Name-First: Edgar
Author-X-Name-Last: Hertwich
Title: Structural analysis of international trade: Environmental impacts of Norway
Abstract:
Final demand purchases initiate production processes that ultimately lead
to environmental impacts. With the increase in international trade, many
production processes occur outside of the country of final consumption.
Whilst several studies have evaluated the pollution embodied in
consumption and trade flows, few studies have investigated the structural
linkages between domestic consumption and production in foreign regions.
In this article we apply three complementary approaches to study the
production network leading from the Norwegian economy to domestic and
international environmental impacts: (1) the consumption perspective
identifies final demand purchases that produce environmental impacts; (2)
the production perspective identifies the production processes generating
the pollution for a given demand; and (3) structural path analysis is used
to provide the linkages between the global production networks linking
consumption and production. We find that the three approaches provide
different, but complementary information. For policy to focus on both
sustainable consumption and production, all three approaches are required
to fully identify environmentally important sectors in an economy.
Journal: Economic Systems Research
Pages: 155-181
Issue: 2
Volume: 18
Year: 2006
Keywords: Input-output analysis, embodied pollution, international trade, structural path analysis, sustainable consumption and production,
X-DOI: 10.1080/09535310600653008
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Template-Type: ReDIF-Article 1.0
Author-Name: Volodymyr Ryaboshlyk
Author-X-Name-First: Volodymyr
Author-X-Name-Last: Ryaboshlyk
Title: A dynamic input-output model with explicit new and old technologies: an application to the UK
Abstract:
Progress is traditionally measured by the improvement of an economy's
average characteristics from year to year. Some deeper insight might be
gained by splitting the averages into explicit parameters for the new and
old technologies at work within the same year, and recognising that
innovative growth is driven just by the 'potential difference' between
these two types of technology. Economic modelling in this light generates
volatile development paths greatly resembling actual statistical time
series, giving a holistic description of cycles, structural change,
structural unemployment, relative price shifts and capacity utilisation
issues. The paper expands the author's elaborations of the
explicit-new-technology approach from prototype economies to that of the
UK. Forecasts very close to reality are achieved including the 1992
cyclical decline. All this gives empirical support to the premise that the
input-output method, if modified, could become a competitive tool for
analysing 'spontaneous' market forces, as well as for direct planning. The
need for separate statistical accounting of parameters for new
technologies at macro- and industry-levels is substantiated.
Journal: Economic Systems Research
Pages: 183-203
Issue: 2
Volume: 18
Year: 2006
Keywords: Progress, dynamic input-output models, business cycle, linear and nonlinear programming,
X-DOI: 10.1080/09535310600653040
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:2:p:183-203
Template-Type: ReDIF-Article 1.0
Author-Name: Lars Bohlin
Author-X-Name-First: Lars
Author-X-Name-Last: Bohlin
Author-Name: Lars Widell
Author-X-Name-First: Lars
Author-X-Name-Last: Widell
Title: Estimation of commodity-by-commodity input-output matrices
Abstract:
In this paper we derive a method for the estimation of symmetric
input-output tables (SIOTs), which makes it possible to use the commodity
technology assumption even when use- and make tables are rectangular. The
method also solves the problem of negative coefficients. In the empirical
part we derive annual SIOTs in order to evaluate the differences between
SIOTs calculated with different methods and the change in technical
coefficients over time. Our results, based on data for Sweden, show that
the impact of using different technology assumptions is rather large.
However, in a factor content of trade application the impact of different
technology assumptions does not seem to be very important. Also the size
of the changes in the technical coefficients over time is found to be
quite large, indicating the importance of calculating SIOTs annually.
Journal: Economic Systems Research
Pages: 205-215
Issue: 2
Volume: 18
Year: 2006
Keywords: Input-output model, commodity technology, product technology, factor content of trade,
X-DOI: 10.1080/09535310600653164
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:2:p:205-215
Template-Type: ReDIF-Article 1.0
Author-Name: Edward Wolff
Author-X-Name-First: Edward
Author-X-Name-Last: Wolff
Title: The growth of information workers in the US economy, 1950-2000: the role of technological change, computerization, and structural change
Abstract:
Using data from the decennial US Censuses of 1950, 1960, 1970, 1980,
1990, and 2000, I construct matrices of employment by 267 occupations and
64 industries and then aggregate the occupations into four categories: (i)
knowledge producers; (ii) data processors; (iii) service workers; and (iv)
goods-processing workers. I find that information workers (the sum of the
first two categories) increased from 37% of the workforce in 1950 to 59%
in 2000. Then, using an input-output decomposition analysis, I find that
the growth in information workers was driven not by a shift in tastes
toward information-intensive goods and services (as measured by the
composition of final demand) but rather by a roughly equal combination of
the substitution of information workers for goods and service workers
within the structure of production of industries and the unbalanced growth
effect (from differential rates of industry productivity growth). Finally,
on the basis of regression analysis, I find that R&D expenditures and
computer investment are positively associated with the growth in knowledge
workers but negatively associated with the growth of data workers.
Journal: Economic Systems Research
Pages: 221-255
Issue: 3
Volume: 18
Year: 2006
Keywords: Information workers, input-output, R&D, computerization, productivity,
X-DOI: 10.1080/09535310600844193
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310600844193
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:3:p:221-255
Template-Type: ReDIF-Article 1.0
Author-Name: Chandrima Sikdar
Author-X-Name-First: Chandrima
Author-X-Name-Last: Sikdar
Author-Name: Thijs Ten Raa
Author-X-Name-First: Thijs Ten
Author-X-Name-Last: Raa
Author-Name: Pierre Mohnen
Author-X-Name-First: Pierre
Author-X-Name-Last: Mohnen
Author-Name: Debesh Chakraborty
Author-X-Name-First: Debesh
Author-X-Name-Last: Chakraborty
Title: Bilateral trade between India and Bangladesh: A general equilibrium approach
Abstract:
India and Bangladesh have pursued policies of trade liberalization since
the early 1990s. However, owing to the differential speeds of opening up,
Bangladesh's bilateral trade deficit with India widened substantially over
the years. This aggravated the economic and the political tensions between
the economies. It has been held that promotion of free trade between the
two economies may enhance the trade and hence economic cooperation between
them. Against this backdrop the present paper proposes a theoretical
framework that provides a general equilibrium determination of the
commodity pattern of trade and hence locates the comparative advantages of
the economies. The empirical implementation of the model considers trade
in 25 sectors comparable in the input-output tables of the economies. The
study isolates the gains from free trade accruing to either economy. The
paper also explores the pattern of bilateral trade when each economy
produces goods by utilizing their own as well as the other country's
technology. The gains from this trading arrangement are also isolated.
Journal: Economic Systems Research
Pages: 257-279
Issue: 3
Volume: 18
Year: 2006
Keywords: General equilibrium, comparative advantage, free trade, India-Bangladesh,
X-DOI: 10.1080/09535310600844250
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310600844250
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:3:p:257-279
Template-Type: ReDIF-Article 1.0
Author-Name: Anders Hammer Strømman
Author-X-Name-First: Anders Hammer
Author-X-Name-Last: Strømman
Author-Name: Faye Duchin
Author-X-Name-First: Faye
Author-X-Name-Last: Duchin
Title: A world trade model with bilateral trade based on comparative advantage
Abstract:
This paper describes an extension of Duchin's world trade model to
include the explicit representation of transportation costs, permitting
the endogenous determination of bilateral trade flows and region-specific
prices. The original model is a linear program that, based on comparative
advantage and the minimization of factor use, determines regional
production and trade flows as well as world prices and scarcity rents for
m regions, n good, and k factors. The new world trade model with bilateral
trade achieves its objectives by introducing transportation services and
geographically dependent transportation requirements for each traded good
and each pair of potential trade partners. The formulation of this model
and its major properties are presented, and results from a preliminary
analysis with 11 regions, eight goods, four transportation sectors, and
six factors of production are reported and compared with corresponding
results from the world trade model. On the basis of this comparison, we
conclude that transportation costs have little impact on a region's total
imports or exports of a given commodity.
Journal: Economic Systems Research
Pages: 281-297
Issue: 3
Volume: 18
Year: 2006
Keywords: Input-output model, comparative advantage, world trade model, bilateral trade,
X-DOI: 10.1080/09535310600844300
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310600844300
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:3:p:281-297
Template-Type: ReDIF-Article 1.0
Author-Name: Barbara Diaz
Author-X-Name-First: Barbara
Author-X-Name-Last: Diaz
Author-Name: Laura Moniche
Author-X-Name-First: Laura
Author-X-Name-Last: Moniche
Author-Name: Antonio Morillas
Author-X-Name-First: Antonio
Author-X-Name-Last: Morillas
Title: A Fuzzy clustering approach to the key sectors of the Spanish economy
Abstract:
The search for key sectors in an economy has been and still is one of the
more recurrent themes in input-output analysis. When using clustering
techniques, sectors can only belong to a group, having a particular
performance. But, actually, the same sector could be important from
different perspectives at the same time, to a different degree. So, a
fuzzy clustering approach is needed. In this work we propose a
multidimensional approach to classify the productive sectors of the
Spanish input-output table for 1995, based on three groups of variables:
those related to their productive integration, others measuring their
specific weight in the economy and finally some showing their economic
dynamic. We also incorporate into the analysis the technological level,
which being a categorical variable presents special methodological
problems. All these questions are tackled applying a robust and fuzzy
clustering analysis, which gives as a result a classification of sectors
illustrating the role that each one plays in the Spanish economy.
Journal: Economic Systems Research
Pages: 299-318
Issue: 3
Volume: 18
Year: 2006
Keywords: Key sectors, fuzzy clustering, input-output analysis, Spanish economy,
X-DOI: 10.1080/09535310600844375
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310600844375
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:3:p:299-318
Template-Type: ReDIF-Article 1.0
Author-Name: M. Alejandro Cardenete
Author-X-Name-First: M. Alejandro
Author-X-Name-Last: Cardenete
Author-Name: Ferran Sancho
Author-X-Name-First: Ferran
Author-X-Name-Last: Sancho
Title: Missing links in key sector analysis
Abstract:
In general terms, key sectors analysis aims at identifying and
quantifying the economic impact of a sector in a given economy. For a
sector, we mean here either an industry or a region, or even a cluster of
them. Quite a few measures and methodologies of varied complexity have
been proposed in the literature, from multiplier sums to extraction
methods, but not without debate about their properties and information
content. All of them, to our knowledge, focus exclusively on the
interdependence effects that result from an input-output structure of the
economy. By so doing the approach misses critical links beyond the
interindustry ones. A productive sector's role is that of producing but
also that of generating and distributing income among primary factors and
households as a result of production. Thus, when measuring a sector's
role, the income generating process should not be omitted if we want to
elucidate the sector's true economic impact. A simple way to make the
missing income links explicit is to use the SAM (Social Accounting Matrix)
facility. Extending an extraction methodology to the SAM we compare lost
output with and without the missing links. We observe that substantial
differences in sectoral lost gross output arise but, even more important,
we capture the implied shifting in the rank ordering of sectors.
Journal: Economic Systems Research
Pages: 319-325
Issue: 3
Volume: 18
Year: 2006
Keywords: Key sectors, extraction methods, economic linkages, SAM analysis,
X-DOI: 10.1080/09535310600844409
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310600844409
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:3:p:319-325
Template-Type: ReDIF-Article 1.0
Author-Name: Anushree Sinha
Author-X-Name-First: Anushree
Author-X-Name-Last: Sinha
Title: Book review
Abstract:
Journal: Economic Systems Research
Pages: 327-329
Issue: 3
Volume: 18
Year: 2006
X-DOI: 10.1080/09535310600844417
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310600844417
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:3:p:327-329
Template-Type: ReDIF-Article 1.0
Author-Name: Olav Bjerkholt
Author-X-Name-First: Olav
Author-X-Name-Last: Bjerkholt
Author-Name: Heinz Kurz
Author-X-Name-First: Heinz
Author-X-Name-Last: Kurz
Title: Introduction: the History of Input-Output Analysis, Leontief's Path and Alternative Tracks
Abstract:
Journal: Economic Systems Research
Pages: 331-333
Issue: 4
Volume: 18
Year: 2006
X-DOI: 10.1080/09535310601020850
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310601020850
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:4:p:331-333
Template-Type: ReDIF-Article 1.0
Author-Name: Svetlana Kaliadina
Author-X-Name-First: Svetlana
Author-X-Name-Last: Kaliadina
Author-Name: Natal'ia Iu. Pavlova
Author-X-Name-First: Natal'ia Iu.
Author-X-Name-Last: Pavlova
Author-Name: Claus Wittich
Author-X-Name-First: Claus
Author-X-Name-Last: Wittich
Title: The Family of W. W. Leontief in Russia
Abstract:
Journal: Economic Systems Research
Pages: 335-345
Issue: 4
Volume: 18
Year: 2006
X-DOI: 10.1080/09535310601020876
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310601020876
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:4:p:335-345
Template-Type: ReDIF-Article 1.0
Author-Name: Svetlana Kaliadina
Author-X-Name-First: Svetlana
Author-X-Name-Last: Kaliadina
Author-Name: Tatiana Babaskina
Author-X-Name-First: Tatiana
Author-X-Name-Last: Babaskina
Author-Name: Maria Shikalova
Author-X-Name-First: Maria
Author-X-Name-Last: Shikalova
Author-Name: Claus Wittich
Author-X-Name-First: Claus
Author-X-Name-Last: Wittich
Title: W.W. Leontief and the Repressions of the 1920s: an Interview
Abstract:
Journal: Economic Systems Research
Pages: 347-355
Issue: 4
Volume: 18
Year: 2006
X-DOI: 10.1080/09535310601020884
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310601020884
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:4:p:347-355
Template-Type: ReDIF-Article 1.0
Author-Name: Gilbert Abraham-Frois
Author-X-Name-First: Gilbert
Author-X-Name-Last: Abraham-Frois
Author-Name: Emeric Lendjel
Author-X-Name-First: Emeric
Author-X-Name-Last: Lendjel
Title: Father Potron's Early Contributions to Input-Output Analysis
Abstract:
This article introduces an unknown predecessor of Leontief who, at the
very beginning of the last century, invented the idea of an input-output
table as the basis for finding an economic equilibrium. He gave examples
of 'technical coefficients', formulated the idea of a computing office,
and was the first to apply Perron-Frobenius's theorems to such
Leontief-type models in order to demonstrate the possibility of the
existence of an economic equilibrium. As a Jesuit, Potron was largely
influenced by the 'social doctrine of justice'. Consequently, he was
mainly concerned with social justice and economic efficiency, problems of
'fairness', and the setting of 'fair prices' and 'fair wages'. As a
graduate of the Ecole Polytechnique with a PhD in mathematics, he applied
mathematics to economic analysis, without any training or knowledge of
economic methods.
Journal: Economic Systems Research
Pages: 357-372
Issue: 4
Volume: 18
Year: 2006
Keywords: Potron, input-output analysis, Perron-Frobenius theorem, Thomism,
X-DOI: 10.1080/09535310601020918
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310601020918
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:4:p:357-372
Template-Type: ReDIF-Article 1.0
Author-Name: Heinz Kurz
Author-X-Name-First: Heinz
Author-X-Name-Last: Kurz
Author-Name: Neri Salvadori
Author-X-Name-First: Neri
Author-X-Name-Last: Salvadori
Title: Input-Output Analysis from a Wider Perspective: a Comparison of the Early Works of Leontief and Sraffa
Abstract:
This paper compares Leontief's 1928 PhD thesis and Sraffa's work in
Cambridge in 1927-1928 as reconstructed from Sraffa's unpublished papers.
Both authors showed that relative prices and the interest rate can be
determined exclusively in terms of the observable amounts of commodities
produced and used up during a year - without any reference to demand and
supply. While Sraffa continued to elaborate a comprehensive objectivist,
surplus-based alternative to the marginalist theory, Leontief's interest
shifted towards applying the new tool of input-output to practical
problems. However, his assumption of given value added coefficients in his
price equations cannot be sustained.
Journal: Economic Systems Research
Pages: 373-390
Issue: 4
Volume: 18
Year: 2006
Keywords: Circular flow, classical theory, input-output analysis, Wassily Leontief, Piero Sraffa,
X-DOI: 10.1080/09535310601020959
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310601020959
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:4:p:373-390
Template-Type: ReDIF-Article 1.0
Author-Name: Olav Bjerkholt
Author-X-Name-First: Olav
Author-X-Name-Last: Bjerkholt
Author-Name: Mark Knell
Author-X-Name-First: Mark
Author-X-Name-Last: Knell
Title: Ragnar Frisch and the Origin of Input-Output Analysis
Abstract:
Ragnar Frisch claimed on various occasions that he had invented the
principles of input-output analysis. Frisch and Leontief worked
simultaneously on their respective contributions but within different
contexts. Frisch's contribution was an attempt to cope with market
collapse of the depression and thus arose from a different motivation than
Leontief's equilibrium analysis. Although prominently published in
Econometrica in 1934, Frisch's 'circulation planning' has not been much
discussed in the literature. The paper sets out the analytic core of
Frisch's contribution and its formal similarity with Wassily Leontief's
input-output analysis, which was the basis for Frisch's claim. It examines
the inventiveness and analytical power of Frisch's approach and relates it
to other works by him.
Journal: Economic Systems Research
Pages: 391-410
Issue: 4
Volume: 18
Year: 2006
Keywords: History of economic thought, input-output models, circulation planning,
X-DOI: 10.1080/09535310601020983
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310601020983
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:4:p:391-410
Template-Type: ReDIF-Article 1.0
Author-Name: Christian Lager
Author-X-Name-First: Christian
Author-X-Name-Last: Lager
Title: The Treatment of Fixed Capital in the Long Period
Abstract:
This paper is concerned with the treatment of fixed capital in
multisectoral models. Five approaches and concepts developed and used by
Sraffa and von Neumann, by Hicks, by Georgescu-Roegen, by Walras and by
Leontief are compared. These five approaches fall into two broad
categories: models with finite life and endogenous determination of
depreciation and models with infinite life and exogenous depreciation.
Total vertical disintegration of production results in treating used fixed
capital items as joint products. This approach suggested by Torrens and
elaborated by von Neumann and Sraffa is the most general approach. All
other models are special cases.
Journal: Economic Systems Research
Pages: 411-426
Issue: 4
Volume: 18
Year: 2006
Keywords: Fixed capital, multi-sectoral models, dynamic Leontief model,
X-DOI: 10.1080/09535310601021007
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310601021007
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Handle: RePEc:taf:ecsysr:v:18:y:2006:i:4:p:411-426
Template-Type: ReDIF-Article 1.0
Author-Name: Grant J. Allan
Author-X-Name-First: Grant J.
Author-X-Name-Last: Allan
Author-Name: Nicholas D. Hanley
Author-X-Name-First: Nicholas D.
Author-X-Name-Last: Hanley
Author-Name: Peter G. Mcgregor
Author-X-Name-First: Peter G.
Author-X-Name-Last: Mcgregor
Author-Name: J. Kim Swales
Author-X-Name-First: J. Kim
Author-X-Name-Last: Swales
Author-Name: Karen R. Turner
Author-X-Name-First: Karen R.
Author-X-Name-Last: Turner
Title: Augmenting the Input-Output Framework for 'Common Pool' Resources: Operationalising the Full Leontief Environmental Model
Abstract:
In its initial formulation, the full Leontief (1970) environmental model
augments the conventional Input-Output (IO) table by introducing pollution
generation and separately identified pollution elimination sectors.
Essentially it extends IO analysis to incorporate the use of a 'common
pool' resource. Subsequent literature has either been analytical in nature
or has concentrated on pollution generation but not cleaning activity. In
this paper we generate an empirical full Leontief environmental IO system,
based on augmenting the existing Scottish IO tables through endogenising
waste generation and waste disposal activity. Due to weaknesses in data,
our empirical results need to be treated with some caution. However, the
construction of the extended IO system and the interpretation of the
output and price multiplier results raise a number of interesting
practical and conceptual issues. The analysis undertaken here can be
extended to other 'common pool' resources such as the use of highways and
irrigation systems.
Journal: Economic Systems Research
Pages: 1-22
Issue: 1
Volume: 19
Year: 2007
Keywords: Input-output, environment, pollution, waste disposal, common pool resources,
X-DOI: 10.1080/09535310601164724
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310601164724
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:1:p:1-22
Template-Type: ReDIF-Article 1.0
Author-Name: Axel Schaffer
Author-X-Name-First: Axel
Author-X-Name-Last: Schaffer
Title: Women's and Men's Contributions to Satisfying Consumers' Needs: A Combined Time Use and Input-Output Analysis
Abstract:
The traditional input-output table (IOT) identifies the intermediate
flows between industries, the branches' contributions to satisfy final
demand and the primary inputs needed for production. While industries play
a key role in the field of input-output analysis, the structure of
employees remains more or less unconsidered. The present study aims to
combine particular information regarding employees' working time with
traditional instruments of input-output analysis. In so doing, employees
(and the corresponding paid working hours) are separated by industries,
educational achievements and gender. This, in turn, allows for the
identification of women's and men's contributions to satisfying different
categories of final demand. In total, men's paid working hours
significantly exceed women's labour input. However, societies rely
likewise on paid and unpaid work. Therefore, the study finally accounts
for the field of unpaid work, which - in Germany - is still dominated by
women.
Journal: Economic Systems Research
Pages: 23-36
Issue: 1
Volume: 19
Year: 2007
Keywords: Input-output analysis, Gross Domestic Product, time use, gender,
X-DOI: 10.1080/09535310601164732
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310601164732
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:1:p:23-36
Template-Type: ReDIF-Article 1.0
Author-Name: Bernd Meyer
Author-X-Name-First: Bernd
Author-X-Name-Last: Meyer
Author-Name: Christian Lutz
Author-X-Name-First: Christian
Author-X-Name-Last: Lutz
Author-Name: Peter Schnur
Author-X-Name-First: Peter
Author-X-Name-Last: Schnur
Author-Name: Gerd Zika
Author-X-Name-First: Gerd
Author-X-Name-Last: Zika
Title: National Economic Policy Simulations with Global Interdependencies: A Sensitivity Analysis for Germany
Abstract:
Policy simulations for national economies with econometric models, in
general, are done using a standalone national model with exogenous export
values and import prices. In a globalised world, such an exercise is
critical, since the policy in question may change the export prices and
the import volumes of the particular country and induce via international
trade a change of the economic activities of the global economy and a
feedback to the export values and import prices of the particular country.
This paper presents a sensitivity analysis for Germany comparing the
impacts of a shock on investment in a standalone simulation using the
multisector model INFORGE with the results, which occur, if the same model
is linked to the global multicountry/multisector model GINFORS
endogenising Germany-super-`s export values and import prices. The results
are striking: the effect on real GDP is 50% higher in the global
simulation than in the standalone case. Because of the specialisation in
trade the differences on the sector level are even stronger.
Journal: Economic Systems Research
Pages: 37-55
Issue: 1
Volume: 19
Year: 2007
Keywords: Policy simulation, econometric models, global modelling,
X-DOI: 10.1080/09535310601164765
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310601164765
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:1:p:37-55
Template-Type: ReDIF-Article 1.0
Author-Name: Thijs Ten Raa
Author-X-Name-First: Thijs Ten
Author-X-Name-Last: Raa
Author-Name: Amarendra Sahoo
Author-X-Name-First: Amarendra
Author-X-Name-Last: Sahoo
Title: Competitive Pressure on the Indian Households: A General Equilibrium Approach
Abstract:
How would competitive pressure impact upon the income distribution and
the poverty of household groups? We analyse the gains in efficiency and
productivity due to competitive pressure, and its distributional effects
using a general equilibrium input-output framework. Efficient utilization
of the available resources, technical progress and free trade constitute
our sources of growth. Welfare would increase under competition, but the
income distribution would become more skewed. Rural household groups would
stand to lose relative to the urban ones. Urban poverty would be reduced
significantly more than rural. In fact, the agricultural worker would even
suffer from an increase in poverty. The study shows that competitive
pressure has a positive effect on efficiency, productivity and poverty,
but an adverse effect on the income distribution in the Indian economy.
Journal: Economic Systems Research
Pages: 57-71
Issue: 1
Volume: 19
Year: 2007
Keywords: Efficiency, productivity, applied general equilibrium, income distribution, poverty,
X-DOI: 10.1080/09535310601164781
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310601164781
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:1:p:57-71
Template-Type: ReDIF-Article 1.0
Author-Name: D'artis Kancs
Author-X-Name-First: D'artis
Author-X-Name-Last: Kancs
Title: Does Economic Integration Affect the Structure of Industries? Empirical Evidence from the CEE
Abstract:
In this paper we study the impacts of regional integration on the
structure of industries in the Central and Eastern European (CEE)
transition economies. Our empirical analysis is based on the economic
geography framework, which is able to predict not only the industry
location after integration, but also to capture other general equilibrium
effects, such as transition to market economy, which turn out to be highly
significant in the CEE. Our empirical results complement previous findings
that industry location is strongly related to economic integration. We
also find that CEE integration of the Council on Mutual Economic
Assistance (CMEA) has distorted the industry location pattern predicted by
the underlying economic geography theory. These distortions are higher in
those regions that were more integrated in the CMEA. Our ex-ante
simulation results suggest a convergence in regional specialisation after
CEE integration with the EU.
Journal: Economic Systems Research
Pages: 73-97
Issue: 1
Volume: 19
Year: 2007
Keywords: Economic development, regional integration, input-output linkages,
X-DOI: 10.1080/09535310601164807
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310601164807
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:1:p:73-97
Template-Type: ReDIF-Article 1.0
Author-Name: Thijs Ten Raa
Author-X-Name-First: Thijs Ten
Author-X-Name-Last: Raa
Author-Name: Jose Manuel Rueda-Cantuche
Author-X-Name-First: Jose Manuel
Author-X-Name-Last: Rueda-Cantuche
Title: A Generalized Expression for the Commodity and the Industry Technology Models in Input-Output Analysis
Abstract:
Technical coefficients are usually constructed from commodity or industry
technology models. Although these models are considered as competing,
there is an encompassing framework that admits a clear comparison.
Journal: Economic Systems Research
Pages: 99-104
Issue: 1
Volume: 19
Year: 2007
Keywords: Technical coefficients, commodity technology, industry technology, input-output analysis,
X-DOI: 10.1080/09535310601164849
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310601164849
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:1:p:99-104
Template-Type: ReDIF-Article 1.0
Author-Name: Yasuhide Okuyama
Author-X-Name-First: Yasuhide
Author-X-Name-Last: Okuyama
Title: Economic Modeling for Disaster Impact Analysis: Past, Present, and Future
Abstract:
Analyzing economic impacts of disasters has attracted interest from a
wide audience in recent years, not only because of the frequent occurrence
of large natural disasters worldwide but also because of the spread of
terrorism to a global scale. This paper reviews past modeling studies for
economic impact analysis of disasters, focusing especially on the
input-output model and related modeling frameworks, such as the social
accounting matrix and the computable general equilibrium model. The paper
also discusses the issues of disaster modeling raised by the literature,
and proposes some future directions.
Journal: Economic Systems Research
Pages: 115-124
Issue: 2
Volume: 19
Year: 2007
Keywords: Impact analysis, disasters, input-output, extensions,
X-DOI: 10.1080/09535310701328435
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310701328435
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:2:p:115-124
Template-Type: ReDIF-Article 1.0
Author-Name: Kieran P. Donaghy
Author-X-Name-First: Kieran P.
Author-X-Name-Last: Donaghy
Author-Name: Nazmiye Balta-Ozkan
Author-X-Name-First: Nazmiye
Author-X-Name-Last: Balta-Ozkan
Author-Name: Geoffrey J.D. Hewings
Author-X-Name-First: Geoffrey J.D.
Author-X-Name-Last: Hewings
Title: Modeling Unexpected Events in Temporally Disaggregated Econometric Input-Output Models of Regional Economies
Abstract:
Discrete-time econometric input-output models of regional economies, such
as Regional Econometric Input-Output Models (REIMs), have been used to
examine the impacts over time of unexpected (and usually extreme) events.
Analyses carried out with such models have been limited, in part, because
of their temporal orientation and their somewhat a-theoretical
specification. In this paper we review how REIMs can accommodate
disequilibrium adjustments in economies to unexpected events and then
discuss analytical contributions made by sequential interindustry models
(SIMs) before presenting the case for using continuous-time formulations
of REIMs to capture both events with impacts over periods that are shorter
than the observation/solution interval of the model and nonlinear
continuous event recovery processes.
Journal: Economic Systems Research
Pages: 125-145
Issue: 2
Volume: 19
Year: 2007
Keywords: Econometric input-output model, continuous-time modeling, unexpected events, impact analysis,
X-DOI: 10.1080/09535310701328484
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:2:p:125-145
Template-Type: ReDIF-Article 1.0
Author-Name: Satoshi Tsuchiya
Author-X-Name-First: Satoshi
Author-X-Name-Last: Tsuchiya
Author-Name: Hirokazu Tatano
Author-X-Name-First: Hirokazu
Author-X-Name-Last: Tatano
Author-Name: Norio Okada
Author-X-Name-First: Norio
Author-X-Name-Last: Okada
Title: Economic Loss Assessment due to Railroad and Highway Disruptions
Abstract:
This paper aims to present an illustrative case study on the economic
impacts of transport infrastructure disruptions caused by the hypothetical
Tokai-Tonankai earthquakes in Japan. We formulate a spatial computable
general equilibrium (SCGE) model, which integrates a transportation model
that can estimate two types of interregional flows of freight movement and
passenger trips. The case study shows the impacts of transportation
disruptions and the importance of network redundancy with
transport-related economic losses corresponding to several scenarios from
disasters and network levels of development.
Journal: Economic Systems Research
Pages: 147-162
Issue: 2
Volume: 19
Year: 2007
Keywords: Spatial computable general equilibrium model, catastrophic earthquakes, transport-related losses,
X-DOI: 10.1080/09535310701328567
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310701328567
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:2:p:147-162
Template-Type: ReDIF-Article 1.0
Author-Name: Norihiko Yamano
Author-X-Name-First: Norihiko
Author-X-Name-Last: Yamano
Author-Name: Yoshio Kajitani
Author-X-Name-First: Yoshio
Author-X-Name-Last: Kajitani
Author-Name: Yoshiharu Shumuta
Author-X-Name-First: Yoshiharu
Author-X-Name-Last: Shumuta
Title: Modeling the Regional Economic Loss of Natural Disasters: The Search for Economic Hotspots
Abstract:
This paper examines the economic impacts of natural disasters using the
originally estimated finer geographical scale production datasets and the
redefined interregional input-output table. For more effective estimates
of direct losses of the disasters, the precise geographical information of
industrial distribution is required, because most economic data are
published according to political boundaries that may be too aggregated to
be the practical information for disaster preventions and retrofit
policies. The direct losses are captured by the output data at the
district level (500-meter square) by sector and the population density.
The map of economic hotspots is obtained after estimating the economic
importance of each district. The numerical examples clearly show that the
advantages of finer geographical scale datasets and the total economic
losses are not proportional to the distributions of population and
industrial activities. In other words, the disaster prevention and
retrofit policies have to consider the higher-order effects to reduce the
total economic loss.
Journal: Economic Systems Research
Pages: 163-181
Issue: 2
Volume: 19
Year: 2007
Keywords: Natural disaster, district level data, multiregional input-output model, economic hotspots,
X-DOI: 10.1080/09535310701330191
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:2:p:163-181
Template-Type: ReDIF-Article 1.0
Author-Name: Christopher W. Anderson
Author-X-Name-First: Christopher W.
Author-X-Name-Last: Anderson
Author-Name: Joost R. Santos
Author-X-Name-First: Joost R.
Author-X-Name-Last: Santos
Author-Name: Yacov Y. Haimes
Author-X-Name-First: Yacov Y.
Author-X-Name-Last: Haimes
Title: A Risk-based Input-Output Methodology for Measuring the Effects of the August 2003 Northeast Blackout
Abstract:
The 2003 Northeast Blackout revealed vulnerabilities within the US
electric power-grid system. With the economy so dependent on electric
power for most aspects of life, a power-grid failure can have far-reaching
higher-order effects and can impair the operability of other critical
infrastructures. An inoperability of the power sector can result from
different types of disasters (e.g., accidents, natural catastrophe, or
willful attacks). This paper demonstrates the Inoperability Input-Output
Model (IIM) to measure the financial and inoperability effects of the
Northeast Blackout. The case study uses information from sources such as
the US input-output tables and sector-specific reports to quantify losses
for specific inoperability levels. The IIM estimated losses of the same
magnitude as other published reports; however, with a detailed accounting
of all affected economic sectors. Finally, a risk management framework is
proposed to extend the IIM's capability for evaluating investment options
in terms of their implementation costs and loss-reduction potentials.
Journal: Economic Systems Research
Pages: 183-204
Issue: 2
Volume: 19
Year: 2007
Keywords: 2003 Northeast Blackout, inoperability input-output model, risk management, multiobjective analysis,
X-DOI: 10.1080/09535310701330233
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310701330233
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:2:p:183-204
Template-Type: ReDIF-Article 1.0
Author-Name: Albert E. Steenge
Author-X-Name-First: Albert E.
Author-X-Name-Last: Steenge
Author-Name: Marija Bockarjova
Author-X-Name-First: Marija
Author-X-Name-Last: Bockarjova
Title: Thinking about Imbalances in Post-catastrophe Economies: An Input-Output based Proposition
Abstract:
In this paper we focus on the consequences of a major catastrophe for a
modern economy, where 'major' means that a significant part of the
economy's productive capacity is lost. In the aftermath of the
catastrophe, authorities have to address a great number of issues. We
show, using basic principles, that input-output methodology offers a
flexible set of tools to address three fundamental issues: (1) obtaining a
systematic insight in the imbalances that exist in the non-affected area
after the catastrophe, (2) determining the nature of these imbalances and
the way they affect options in the recovery process, and (3) introducing
the elements of a cost-benefit analysis in the context of prevention and
precautionary policies. Our approach strongly supports the need for
extensive contingency planning in the presence of major natural hazards. A
numerical example accompanies the various steps of the exercise.
Journal: Economic Systems Research
Pages: 205-223
Issue: 2
Volume: 19
Year: 2007
Keywords: Disaster, input-output analysis, economic network, cost-benefit analysis,
X-DOI: 10.1080/09535310701330308
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:2:p:205-223
Template-Type: ReDIF-Article 1.0
Author-Name: Marcel Timmer
Author-X-Name-First: Marcel
Author-X-Name-Last: Timmer
Author-Name: Pirkko Aulin-Ahmavaara
Author-X-Name-First: Pirkko
Author-X-Name-Last: Aulin-Ahmavaara
Title: New Developments in Productivity Analysis within an Input-Output Framework: an Introduction
Abstract:
Journal: Economic Systems Research
Pages: 225-227
Issue: 3
Volume: 19
Year: 2007
X-DOI: 10.1080/09535310701571828
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310701571828
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:3:p:225-227
Template-Type: ReDIF-Article 1.0
Author-Name: Dale Jorgenson
Author-X-Name-First: Dale
Author-X-Name-Last: Jorgenson
Author-Name: Mun Ho
Author-X-Name-First: Mun
Author-X-Name-Last: Ho
Author-Name: Jon Samuels
Author-X-Name-First: Jon
Author-X-Name-Last: Samuels
Author-Name: Kevin Stiroh
Author-X-Name-First: Kevin
Author-X-Name-Last: Stiroh
Title: Industry Origins of the American Productivity Resurgence
Abstract:
This paper analyzes the industry origins of the American growth
resurgence by examining output, input, and productivity growth of 85
component industries for the period 1960 to 2005. We use this detailed
industry data to examine trends in particular industry groups such as
those that produce information technology (IT) or use IT most intensively
and to perform a 'bottom-up' comparison of alternative aggregation
methodologies. The data show that while labor productivity growth was
strong throughout the full period after 1995, there were important
differences between 1995-2000 and 2000-2005. The period 1995-2000, for
example, was marked by strong growth in labor input so aggregate output
was robust, while labor input and output growth both declined
substantially after 2000. IT remained an important source of both capital
deepening and total factor productivity growth after 2000, but the
contributions were not as large as during the technology boom of the late
1990s. We also show that the production possibility frontier, which
recognizes differences in output prices across industries, remains the
most appropriate methodology for aggregating industry data.
Journal: Economic Systems Research
Pages: 229-252
Issue: 3
Volume: 19
Year: 2007
Keywords: Economic growth, USA, industry aggregation, information technology,
X-DOI: 10.1080/09535310701571885
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:3:p:229-252
Template-Type: ReDIF-Article 1.0
Author-Name: Pirkko Aulin-Ahmavaara
Author-X-Name-First: Pirkko
Author-X-Name-Last: Aulin-Ahmavaara
Author-Name: Perttu Pakarinen
Author-X-Name-First: Perttu
Author-X-Name-Last: Pakarinen
Title: Integrated Industry and Economy-wide TFP-Measures with Different Prices in Different Uses
Abstract:
We derive a consistent system of industry and economy-wide measures of
TFP growth based on weaker assumptions than used in the literature so far.
We allow different industries to pay different prices for the same
product. These price differences are not assumed to cancel out at the
economy-wide level. Our economy-wide concepts of output are the average
growth rates of deliveries to final demand and of the industries' value
added. In the case of the former, both net taxes on products and imported
intermediates contribute, in addition to labour and capital, to the output
growth and even the reallocation of intermediates contributes to the
economy-wide TFP growth. In the case of the latter only capital and labour
contribute to the output growth and the contribution of the reallocation
of intermediates is largely offset by that of value added. We demonstrate
the consequences of the non-additivity of the Tornqvist index formula.
Journal: Economic Systems Research
Pages: 253-276
Issue: 3
Volume: 19
Year: 2007
Keywords: Growth accounting, productivity, aggregation,
X-DOI: 10.1080/09535310701571927
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:3:p:253-276
Template-Type: ReDIF-Article 1.0
Author-Name: Lourens Broersma
Author-X-Name-First: Lourens
Author-X-Name-Last: Broersma
Author-Name: Ton Van Moergastel
Author-X-Name-First: Ton
Author-X-Name-Last: Van Moergastel
Title: A Shortcut Method for Generating Time Series of Input Data for Productivity Analysis
Abstract:
This paper outlines a simple method for generating long time-series of
intermediate inputs by industries and products from supply and use tables
(SUTs) that can serve as building blocks in productivity growth analysis.
This backward extrapolation method is tested on a set of Dutch SUTs for
the period 1987-2001. We find that our methodology delivers estimates of
values, volumes and real growth rates of intermediate inputs that compare
well with the ones from officially published tables. It generates a stable
long series of tables based on a limited set of information. This method
will hence be a useful tool for generating time-series of intermediate
inputs, which are a crucial element in productivity analysis.
Journal: Economic Systems Research
Pages: 277-293
Issue: 3
Volume: 19
Year: 2007
Keywords: Supply and use tables, estimation, intermediate inputs, growth accounting,
X-DOI: 10.1080/09535310701571976
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:3:p:277-293
Template-Type: ReDIF-Article 1.0
Author-Name: Kurt Kratena
Author-X-Name-First: Kurt
Author-X-Name-Last: Kratena
Title: Technical Change, Investment and Energy Intensity
Abstract:
This paper analyses the role of different components of technical change
on energy intensity by applying a Translog variable cost function setting
with (short- run) fixed capital to the new EU KLEMS dataset for five
selected EU countries (Denmark, Italy, Netherlands, UK and Spain). The
framework applied represents an accounting of technical change components,
comprising autonomous (disembodied) as well as technical change embodied
in capital goods. It is extended in order to incorporate embodied
technical change induced by energy prices by adding an equation for
(physical) capital stock accumulation. The model can be used for
explaining and tracing back the long-run impact of the interaction of
prices, capital accumulation and technical change on energy intensity. The
empirical results distinguish between industries with embodied technical
change and industries with capital-energy complementarity.
Journal: Economic Systems Research
Pages: 295-314
Issue: 3
Volume: 19
Year: 2007
Keywords: Embodied technical change, industrial energy intensity, Translog cost function,
X-DOI: 10.1080/09535310701572008
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:3:p:295-314
Template-Type: ReDIF-Article 1.0
Author-Name: Dale Jorgenson
Author-X-Name-First: Dale
Author-X-Name-Last: Jorgenson
Author-Name: Koji Nomura
Author-X-Name-First: Koji
Author-X-Name-Last: Nomura
Title: The Industry Origins of the US-Japan Productivity Gap
Abstract:
This paper presents a comparison of total factor productivity (TFP)
levels between the US and Japan for the period 1960-2004 and allocates the
gap to individual industries. We carefully distinguish the various
concepts of purchasing power parity (PPP) and measure them within the
framework of a US-Japan bilateral input-output table. We also measure
industry-level PPPs for capital, labor, energy, and materials inputs and
output for 42 industries common to the US and Japan, based on detailed
estimates for 164 commodities, 33 assets, including land and inventories,
and 1596 labor categories. The US-Japan productivity gap shrank during
three decades of rapid Japanese economic growth, 1960-1990. The Japanese
manufacturing sector achieved parity with its US counterpart by the end of
the period. With the collapse of the Japanese economic bubble at the end
of the 1980s, the US-Japan productivity gap reversed course and expanded
to 79.5% by 2004. This can be attributed to rapid productivity growth in
the IT-producing industries in the US during the late 1990s and the sharp
acceleration of productivity growth in the IT-using industries in the US
during 2000-2004. Wholesale and Retail Trade emerged as the largest
contributor to this gap, accounting for 25.1% of the lower TFP of the
Japanese economy.
Journal: Economic Systems Research
Pages: 315-341
Issue: 3
Volume: 19
Year: 2007
Keywords: Purchasing power parity, investment, productivity, growth,
X-DOI: 10.1080/09535310701572024
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:3:p:315-341
Template-Type: ReDIF-Article 1.0
Author-Name: Robert Inklaar
Author-X-Name-First: Robert
Author-X-Name-Last: Inklaar
Author-Name: Marcel Timmer
Author-X-Name-First: Marcel
Author-X-Name-Last: Timmer
Title: International Comparisons of Industry Output, Inputs and Productivity Levels: Methodology and New Results
Abstract:
In this paper we provide new evidence on relative levels of output,
inputs and productivity at a detailed industry level for a set of seven
countries. These comparisons are based on sectoral output measures that
exclude intra-industry flows. We argue that this improves international
comparability and the insightfulness of the analysis. Productivity levels
are relatively similar in the European and Anglo-Saxon countries we
analyze, but we do find large differences in production structures. US
industries use more skilled labour, more ICT capital, more services and
more energy, but less materials, per unit of output than the other
countries. This pattern is found for both goods-producing and
services-producing industries.
Journal: Economic Systems Research
Pages: 343-363
Issue: 3
Volume: 19
Year: 2007
Keywords: International comparisons, productivity, input-output tables, structure of production,
X-DOI: 10.1080/09535310701572040
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310701572040
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:3:p:343-363
Template-Type: ReDIF-Article 1.0
Author-Name: Utz-Peter Reich
Author-X-Name-First: Utz-Peter
Author-X-Name-Last: Reich
Title: Inequality in Exchange: The Use of a World Trade Flow Table for Analyzing the International Economy
Abstract:
Whether or not the terms of trade between two countries may be unequal is
a controversial question in the theory of international economics. In
practice, the issue is resolved through statistical observation of the
terms of trade. This measurement of the terms of trade follows a long
tradition and produces impressive detail. It is, however, restricted in
scope, because the first derivative, the change of the terms over time is
observed only. Absolute levels depend on which year is chosen as the base
year, a choice that is rather arbitrary and carries no theoretical
meaning. Equality in the levels of terms of trade remains thus undefined.
More precisely, it is always assumed to exist implicitly for whichever
base year is being nominated. The paper proposes an answer to this
ambiguity based on the relatively new statistical tool of international
purchasing power compilation. The terms of trade are crucially dependent
on the rate of foreign exchange (for which exports are traded against
imports), which is predominantly governed by financial rather than
commodity markets. Hence, the paper proposes to separate the two factors
of influence and to call terms of trade 'equal' if the effective real
exchange rate (as derived from the nominal exchange rate by means of
purchasing power parities) equals one. On that basis a world trade flow
table is constructed, putting the compiled equalities and inequalities in
trade into a coherent, global perspective.
Journal: Economic Systems Research
Pages: 375-395
Issue: 4
Volume: 19
Year: 2007
Keywords: International trade, inequality, purchasing power parity, real prices,
X-DOI: 10.1080/09535310701698449
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Template-Type: ReDIF-Article 1.0
Author-Name: Dipti Prakas Pal
Author-X-Name-First: Dipti Prakas
Author-X-Name-Last: Pal
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Dipika Basu
Author-X-Name-First: Dipika
Author-X-Name-Last: Basu
Title: Economic Integration: Systemic Measures in an Input-Output Framework
Abstract:
Countries are linked through trade and for their mutual benefits they
often group together. Consequently, trade blocs are formed in some form or
another, examples of which are the EU, EFTA, ASEAN, NAFTA, and SAARC.
Depending upon the form and the nature of the grouping, trade relations
among countries obviously vary across the trade blocs. The pattern and the
volume of trade of the participating countries are different and thus
cause different impacts on the growth and development of the countries
concerned. Also, the nature of integration changes over time. To examine
the strength of integration within trade blocs, systemic measures of
integration hitherto not available are formulated in an input-output
framework. The measures are used, as a case study, to assess the
inter-temporal variations in the degree of integration of SAARC.
Journal: Economic Systems Research
Pages: 397-408
Issue: 4
Volume: 19
Year: 2007
Keywords: Economic integration, trade coefficient matrix, input-output framework,
X-DOI: 10.1080/09535310701698464
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:4:p:397-408
Template-Type: ReDIF-Article 1.0
Author-Name: Kim Abildgren
Author-X-Name-First: Kim
Author-X-Name-Last: Abildgren
Title: Input-Output Based Measures of Underlying Domestic Inflation: Empirical Evidence from Denmark 1903-2002
Abstract:
The paper presents input-output based time-series data for the underlying
domestic inflation in Denmark 1903-2002 and analyses the inflationary
development during the last century. More conceptual issues in relation to
the interpretation and use of input-output based domestic inflation
measures are also discussed. The purpose of such inflation measures is to
track the development in the domestic market-determined inflation, which
is closely related to the price of gross value added in the domestic
market-based private business sector. A price index for value added often
displays a different short-term development than the headline CPI. Such
differences can be useful in an assessment of the current inflationary
environment and in relation to an interpretation of the historical
inflation development.
Journal: Economic Systems Research
Pages: 409-423
Issue: 4
Volume: 19
Year: 2007
Keywords: Underlying inflation, core inflation, history of inflation, input-output price models,
X-DOI: 10.1080/09535310701698472
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:4:p:409-423
Template-Type: ReDIF-Article 1.0
Author-Name: Lefteris Tsoulfidis
Author-X-Name-First: Lefteris
Author-X-Name-Last: Tsoulfidis
Author-Name: Theodore Mariolis
Author-X-Name-First: Theodore
Author-X-Name-Last: Mariolis
Title: Labour Values, Prices of Production and the Effects of Income Distribution: Evidence from the Greek Economy
Abstract:
This paper explores the relationship between labour values, prices of
production and changes in income distribution in an actual economy. For
this purpose we use a linear model of production with circulating capital
and homogeneous labour, assuming that wages are paid ex ante. On the basis
of this model and data from input-output tables of the Greek economy for
the period 1988-1997 we estimate the labour values and prices of
production, which are normalized with the use of the Sraffian standard
commodity and the actual output vector. Furthermore, we extend Steedman's
polynomial approximation of prices of production to include the case where
wages are paid ex ante and the accuracy of this approximation is tested
with actual input-output data. Finally, we find that prices of production
change as a result of hypothetical changes in income distribution more
often than not in a monotonic way and in a few cases display curvatures
that reverse the order between prices of production and values.
Journal: Economic Systems Research
Pages: 425-437
Issue: 4
Volume: 19
Year: 2007
Keywords: Distribution, labour values, prices of production, standard commodity,
X-DOI: 10.1080/09535310701698548
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:4:p:425-437
Template-Type: ReDIF-Article 1.0
Author-Name: Christian Bidard
Author-X-Name-First: Christian
Author-X-Name-Last: Bidard
Author-Name: Guido Erreygers
Author-X-Name-First: Guido
Author-X-Name-Last: Erreygers
Title: Potron and the Perron-Frobenius Theorem
Abstract:
Maurice Potron is an important precursor of the study of linear models of
production and, in particular, of input-output analysis. We show that,
contrary to Abraham-Frois and Lendjel's interpretation which we consider
as unfaithful to Potron's model, there is a clear connection between his
theory and the Perron-Frobenius theorem.
Journal: Economic Systems Research
Pages: 439-452
Issue: 4
Volume: 19
Year: 2007
Keywords: Frobenius, Leontief, Perron, Potron, Sraffa,
X-DOI: 10.1080/09535310701698563
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:4:p:439-452
Template-Type: ReDIF-Article 1.0
Author-Name: Thijs Ten Raa
Author-X-Name-First: Thijs Ten
Author-X-Name-Last: Raa
Title: The Extraction of Technical Coefficients from Input and Output Data
Abstract:
Presumably, input-output coefficients reflect technology, and these
coefficients measure the input requirements per unit of product. This
concept has been extended to consumption theory, where it models
expenditure shares. Input-output coefficients are extracted from the
national accounts of an economy, by taking average proportions between
inputs and outputs. Since the latter represent all sorts of
inefficiencies, this practice blurs the measurement of technology. Input
requirements are better measured by minimal proportions between inputs and
outputs. This approach separates the measurement of technology from that
of productive efficiency.
Journal: Economic Systems Research
Pages: 453-459
Issue: 4
Volume: 19
Year: 2007
Keywords: Input-output coefficient,
X-DOI: 10.1080/09535310701698597
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Template-Type: ReDIF-Article 1.0
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Richard Wood
Author-X-Name-First: Richard
Author-X-Name-Last: Wood
Author-Name: Blanca Gallego
Author-X-Name-First: Blanca
Author-X-Name-Last: Gallego
Title: Some Comments on the GRAS Method
Abstract:
Junius and Oosterhaven (2003) present a RAS matrix balancing variant that
can incorporate negative elements in the balancing. There are, however, a
couple of issues in the approach described - the first being the handling
of zeros in the initial estimate, and the second being the formulation of
their minimum-information principle. We present a corrected exposition of
GRAS.
Journal: Economic Systems Research
Pages: 461-465
Issue: 4
Volume: 19
Year: 2007
Keywords: RAS matrix balancing, GRAS, optimisation,
X-DOI: 10.1080/09535310701698613
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Handle: RePEc:taf:ecsysr:v:19:y:2007:i:4:p:461-465
Template-Type: ReDIF-Article 1.0
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Title: Editorial
Abstract:
Journal: Economic Systems Research
Pages: 1-1
Issue: 1
Volume: 20
Year: 2008
X-DOI: 10.1080/09535310801890599
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Template-Type: ReDIF-Article 1.0
Author-Name: Shigemi Kagawa
Author-X-Name-First: Shigemi
Author-X-Name-Last: Kagawa
Author-Name: Yuki Kudoh
Author-X-Name-First: Yuki
Author-X-Name-Last: Kudoh
Author-Name: Keisuke Nansai
Author-X-Name-First: Keisuke
Author-X-Name-Last: Nansai
Author-Name: Tomohiro Tasaki
Author-X-Name-First: Tomohiro
Author-X-Name-Last: Tasaki
Title: The Economic and Environmental Consequences of Automobile Lifetime Extension and Fuel Economy Improvement: Japan's Case
Abstract:
The presenft paper develops a structural decomposition analysis with
cumulative product lifetime distributions to estimate the effects of both
product lifetime shifts and energy efficiency changes on the embodied
energy consumptions. The empirical analysis focuses on automobile use
(ordinary passenger vehicles, small passenger vehicles, and light
passenger vehicles) in Japan during the period 1990-2000. It reveals that
the lifetime extension of existing old vehicles during the study period
was more beneficial to the environment than purchasing new passenger
vehicles with a relatively high fuel economy, because the lifetime
extension empirically contributed to reducing the embodied energy
consumption at the production and end-use stages. We also found that the
energy-saving impact of a one-year lifetime extension was approximately
1.3 times larger than that of the most significant technological
improvement in the electric power generation sector.
Journal: Economic Systems Research
Pages: 3-28
Issue: 1
Volume: 20
Year: 2008
Keywords: Passenger vehicle use, gasoline consumption, passenger vehicle lifetime, fuel economy, rebound effect, technological change,
X-DOI: 10.1080/09535310801890615
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Template-Type: ReDIF-Article 1.0
Author-Name: Joost Santos
Author-X-Name-First: Joost
Author-X-Name-Last: Santos
Author-Name: Kash Barker
Author-X-Name-First: Kash
Author-X-Name-Last: Barker
Author-Name: Paul Zelinke
Author-X-Name-First: Paul
Author-X-Name-Last: Zelinke
Title: Sequential Decision-making in Interdependent Sectors with Multiobjective Inoperability Decision Trees: Application to Biofuel Subsidy Analysis
Abstract:
Decision-making involving large-scale systems often involves
considerations for temporal changes, interdependencies in organizational
structures, multiple competing objectives, and risk and uncertainty, among
others. In this paper we develop a risk-based methodology, the
Multiobjective Inoperability Decision Tree (MOIDT). It integrates several
dimensions of decision-making processes associated with interconnected
systems in terms of: (i) evaluation of sequential policies; (ii) analysis
of interdependencies; (iii) treatment of multiple objectives and their
tradeoffs; and (iv) characterization of uncertainties. To demonstrate the
integration of these four components, we present a case study to analyze
the impact of government policies towards mass-scale biofuel production.
Using a multi-period decision framework, the analysis utilizes economic
input-output data to model the probabilistic demand adjustments for
sectors that will likely be affected by biofuel policies.
Journal: Economic Systems Research
Pages: 29-56
Issue: 1
Volume: 20
Year: 2008
Keywords: Interdependency analysis, multiobjective decision-making, sequential decision-making, extreme event analysis,
X-DOI: 10.1080/09535310801890672
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Template-Type: ReDIF-Article 1.0
Author-Name: Antonio Morillas
Author-X-Name-First: Antonio
Author-X-Name-Last: Morillas
Author-Name: Barbara Diaz
Author-X-Name-First: Barbara
Author-X-Name-Last: Diaz
Title: Key Sectors, Industrial Clustering and Multivariate Outliers
Abstract:
In this paper a reflection is made on the problems that can arise in key
sector analysis and industrial clustering, due to the usual presence of
outliers when using multidimensional data related to the sectors in an
input-output table. Multidimensional outliers are considered as being not
only linked to the low number of clusters usually observed in this kind of
study, but probably causing invalid results in most of the works involving
multivariate statistical techniques, such as cluster and factor analysis.
Actually, by comparing the key sectors of the Spanish economy obtained in
Diaz et al. (2006) to the ones we get taking into account the problem the
outliers pose, one can realize they greatly distort the results. On the
other hand, it is shown that identification of outliers can be considered
as a good and new procedure to help select the most important sectors in
an economy.
Journal: Economic Systems Research
Pages: 57-73
Issue: 1
Volume: 20
Year: 2008
Keywords: Key sectors, industrial clustering, multidimensional outliers, input-output analysis, Spanish economy,
X-DOI: 10.1080/09535310801890698
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Template-Type: ReDIF-Article 1.0
Author-Name: Miguel angel Tarancon
Author-X-Name-First: Miguel angel
Author-X-Name-Last: Tarancon
Author-Name: Fernando Callejas
Author-X-Name-First: Fernando
Author-X-Name-Last: Callejas
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Michael Lahr
Author-X-Name-First: Michael
Author-X-Name-Last: Lahr
Title: A Revision of the Tolerable Limits Approach: Searching for the Important Coefficients
Abstract:
A wide range of approaches are available for classifying coefficients
according to their importance to an economy. The 'tolerable limits'
approach is one that has been extensively written about. Nevertheless, it
seems unsuitable for assessing the overall importance of a coefficient to
an economy, but instead appears to be rather well suited for determining
how much a selling sector depends upon its customers. We therefore suggest
two alternative approaches for measuring a sector's importance to an
economy. The first is an application of the concept of elasticity based on
Sherman and Morrison's (1950) formula. The second approach applies linear
programming. We compare these various alternatives using the domestic IO
tables of eight European countries.
Journal: Economic Systems Research
Pages: 75-95
Issue: 1
Volume: 20
Year: 2008
Keywords: Tolerable limits, elasticity, linear programming, important coefficients,
X-DOI: 10.1080/09535310801890714
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Template-Type: ReDIF-Article 1.0
Author-Name: Paul De Boer
Author-X-Name-First: Paul
Author-X-Name-Last: De Boer
Title: Additive Structural Decomposition Analysis and Index Number Theory: An Empirical Application of the Montgomery Decomposition
Abstract:
In recent years, a large number of empirical articles on structural
decomposition analysis, which aims at disentangling an aggregate change in
a variable into its r factors, has been published in this journal.
Commonly used methods are the average of the two polar decompositions and
the average of all r! elementary decompositions (Dietzenbacher and Los,
1998, D&L). We propose to use instead the 'ideal' Montgomery
decomposition, which means that it satisfies the requirement of factor
reversal imposed in index number theory. We prefer it to the methods
previously mentioned. The average of the two polar decompositions is not
'ideal', so that the outcome depends on the ordering of the factors. The
average of all elementary decompositions is 'ideal', but requires the
computation of an ever increasing number of decompositions when the number
of factors increases. Application to the example of D&L (four factors)
shows that the three methods yield results that are close to each other.
Journal: Economic Systems Research
Pages: 97-109
Issue: 1
Volume: 20
Year: 2008
Keywords: Additive decomposition, index number theory, structural decomposition analysis,
X-DOI: 10.1080/09535310801892066
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Template-Type: ReDIF-Article 1.0
Author-Name: Wenfeng Huang
Author-X-Name-First: Wenfeng
Author-X-Name-Last: Huang
Author-Name: Shintaro Kobayashi
Author-X-Name-First: Shintaro
Author-X-Name-Last: Kobayashi
Author-Name: Hajime Tanji
Author-X-Name-First: Hajime
Author-X-Name-Last: Tanji
Title: Updating an Input-Output Matrix with Sign-preservation: Some Improved Objective Functions and their Solutions
Abstract:
This paper presents an easy-to-use method for updating input-output (IO)
matrices with sign-preservation by combining Lagrangian multipliers and
penalty functions. Biproportional methods such as the representative RAS
are very simple and popular because a target matrix can be obtained simply
by iterative computation. However, they cannot reasonably deal with
matrices that include negative entries. Although a generalized version,
GRAS, can do so, its objective function is questionable. In contrast, some
non-biproportional methods such as those that take weighted or unweighted
squared differences between the target and original matrix as objective
functions can deal with negative entries, but it is difficult to guarantee
the signs of entries. In this study, GRAS and some conventional objective
functions were improved and their solutions for preserving the signs of
entries are presented. Comparisons of applying these objective functions
to a simple example show that both the Improved Normalized Squared
Differences (INSD) function and the Improved GRAS (IGRAS) function yield a
good target matrix and are close to each other; we suggest that INSD or
IGRAS be used for updating IO transaction matrices in practice.
Journal: Economic Systems Research
Pages: 111-123
Issue: 1
Volume: 20
Year: 2008
Keywords: Input-Output, RAS, objective function, sign-preservation,
X-DOI: 10.1080/09535310801892082
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Template-Type: ReDIF-Article 1.0
Author-Name: Michael Lahr
Author-X-Name-First: Michael
Author-X-Name-Last: Lahr
Title: Book Review
Abstract:
Journal: Economic Systems Research
Pages: 125-128
Issue: 1
Volume: 20
Year: 2008
X-DOI: 10.1080/09535310801892090
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Handle: RePEc:taf:ecsysr:v:20:y:2008:i:1:p:125-128
Template-Type: ReDIF-Article 1.0
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Title: Editorial
Abstract:
Journal: Economic Systems Research
Pages: 133-133
Issue: 2
Volume: 20
Year: 2008
X-DOI: 10.1080/09535310802075224
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Template-Type: ReDIF-Article 1.0
Author-Name: Christian Debresson
Author-X-Name-First: Christian
Author-X-Name-Last: Debresson
Title: China's Growing Pains - Recent Input-Output Research in China on China: Foreword
Abstract:
Journal: Economic Systems Research
Pages: 135-138
Issue: 2
Volume: 20
Year: 2008
X-DOI: 10.1080/09535310802075257
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Handle: RePEc:taf:ecsysr:v:20:y:2008:i:2:p:135-138
Template-Type: ReDIF-Article 1.0
Author-Name: Xikang Chen
Author-X-Name-First: Xikang
Author-X-Name-Last: Chen
Author-Name: Ju-E Guo
Author-X-Name-First: Ju-E
Author-X-Name-Last: Guo
Author-Name: Cuihong Yang
Author-X-Name-First: Cuihong
Author-X-Name-Last: Yang
Title: Yearly Grain Output Predictions in China 1980-2004
Abstract:
China has a population of 1.3 billion and grain accordingly plays a
crucial role in the Chinese economy. In this paper we suggest predicting
grain output mainly by factor inputs and asset holding, and present a
Systematic Integrated Prediction Approach (SIPA). The key elements of SIPA
are an extended input-output model with assets, nonlinear variable
coefficient forecasting equations, and using the minimum sum of the
absolute values. Since 1980 we have used the approach to predict the
yearly national grain output of China. The prediction lead time is more
than half a year. The bumper, average, and poor harvests are accurately
predicted every year. The average error rate over the period 1980-2004 is
1.9%.
Journal: Economic Systems Research
Pages: 139-150
Issue: 2
Volume: 20
Year: 2008
Keywords: Grain output prediction, Systematic Integrated Prediction Approach (SIPA), extended input-output model with assets, nonlinear forecasting,
X-DOI: 10.1080/09535310802075273
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Template-Type: ReDIF-Article 1.0
Author-Name: Cuihong Yang
Author-X-Name-First: Cuihong
Author-X-Name-Last: Yang
Author-Name: Xikang Chen
Author-X-Name-First: Xikang
Author-X-Name-Last: Chen
Author-Name: Jian Xu
Author-X-Name-First: Jian
Author-X-Name-Last: Xu
Title: A Method to Optimize Gross Fixed Capital Investments for Water Conservancy in China
Abstract:
A major concern of policymakers and researchers in China is finding an
appropriate size of the gross fixed capital investments for water
conservancy (GFCIWC). This paper determines the optimal proportion of
GFCIWC to GDP. Unlike engineering economics, we investigate the benefits
of GFCIWC at a macro-economic level, using the 1999 input-output table
extended for water conservancy. Different kinds of impacts are induced by
GFCIWC. These include forward benefits (flood control, water supply,
irrigation, hydroelectric power, soil and water conservation,
environmental protection) and backward benefits for GDP; negative social
effects; and opportunity costs of GFCIWC. The results are put into a set
of regression equations between total benefits of GFCIWC and the
proportion of GFCIWC to GDP, from which the optimal proportion - or a
desirable range - can be determined. The results may provide policymakers
with guidelines for allocating investments.
Journal: Economic Systems Research
Pages: 151-172
Issue: 2
Volume: 20
Year: 2008
Keywords: Water conservancy, gross fixed capital investments, input-output analysis, China,
X-DOI: 10.1080/09535310802075331
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Handle: RePEc:taf:ecsysr:v:20:y:2008:i:2:p:151-172
Template-Type: ReDIF-Article 1.0
Author-Name: Xiuli Liu
Author-X-Name-First: Xiuli
Author-X-Name-Last: Liu
Author-Name: Xikang Chen
Author-X-Name-First: Xikang
Author-X-Name-Last: Chen
Title: Methods for Approximating the Shadow Price of Water in China
Abstract:
Using the input-output tables for water conservancy for the nine major
river basins in China in combination with linear programming techniques,
we calculate the shadow prices of industrial water and productive water in
the nine river basins. After the results are subjected to factor analysis,
the shadow prices of industrial water and productive water are obtained
for each Chinese province in 1999. Then, nonlinear models for calculating
the shadow price of water in specific counties are given. They appear to
be valuable tools for setting reasonable water prices and establishing a
market for water in China.
Journal: Economic Systems Research
Pages: 173-185
Issue: 2
Volume: 20
Year: 2008
Keywords: Water resources, shadow price, input-output model, linear programming, nonlinear models,
X-DOI: 10.1080/09535310802075349
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Template-Type: ReDIF-Article 1.0
Author-Name: Ning Ai
Author-X-Name-First: Ning
Author-X-Name-Last: Ai
Author-Name: Karen Polenske
Author-X-Name-First: Karen
Author-X-Name-Last: Polenske
Title: Socioeconomic Impact Analysis of Yellow-dust Storms: An Approach and Case Study for Beijing
Abstract:
Dust storms can extensively disrupt socioeconomic activities and pose
hazards to human health and the ecosystem; yet no one has made a
systematic analysis of dust storms from an economic perspective. Using a
case study for Beijing in 2000, we present a preliminary analysis of
socioeconomic impacts of yellow-dust storms, integrating regional economic
analysis models with environmental-economic evaluation techniques. Our
analyses demonstrate that the costs of delayed effects of yellow-dust
storms can be higher than those of the immediate effects, and that the
impacts potentially caused by supply effects can be greater than those
caused by demand effects. Because this is a preliminary analysis with
extremely limited data, our primary purpose is not to produce precise
numerical results, but to develop an integrated model that policy analysts
can use and further improve in order to evaluate the comprehensive impacts
of other phenomena with similar properties more accurately.
Journal: Economic Systems Research
Pages: 187-203
Issue: 2
Volume: 20
Year: 2008
Keywords: Dust storms, input-output analysis, socioeconomic impact analysis, China,
X-DOI: 10.1080/09535310802075364
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Handle: RePEc:taf:ecsysr:v:20:y:2008:i:2:p:187-203
Template-Type: ReDIF-Article 1.0
Author-Name: Hongxia Zhang
Author-X-Name-First: Hongxia
Author-X-Name-Last: Zhang
Author-Name: Xikang Chen
Author-X-Name-First: Xikang
Author-X-Name-Last: Chen
Title: An Extended Input-Output Model on Education and the Shortfall of Human Capital in China
Abstract:
This paper proposes an extended input-output model on education.
Production is divided into two subsystems, the education sector and the
non-education sector. The education sector is reflected by both 'monetary
flows' and 'student flows.' Second, static and dynamic extended
input-output models, including human capital production and allocation,
are built. Third, the 1999 Chinese extended input-output table on
education is compiled. Based on this table, the relation between human
capital production and national economic development is analyzed. In
particular, it is found that too few university graduates are 'produced',
while a surplus of young people with only primary-school education go into
industry.
Journal: Economic Systems Research
Pages: 205-221
Issue: 2
Volume: 20
Year: 2008
Keywords: Extended input-output model with assets, human capital, education,
X-DOI: 10.1080/09535310802075414
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Handle: RePEc:taf:ecsysr:v:20:y:2008:i:2:p:205-221
Template-Type: ReDIF-Article 1.0
Author-Name: Jin Shui Zhang
Author-X-Name-First: Jin Shui
Author-X-Name-Last: Zhang
Title: A Multi-sector Nonlinear Dynamic Input-Output Model with Human Capital
Abstract:
In this paper, a two-sector model of endogenous growth is extended to a
multi-sector nonlinear dynamic input-output model. If the model is on its
balanced growth path (where prices - but not quantities - are assumed
constant over time), it can be shown that the linear dynamic Leontief
model is a special case. At the same time, on its balanced growth path,
our model can be interpreted as a CGE model. The model distinguishes n + 1
sectors: n sectors producing physical goods, and one sector producing new
human capital. A method is given for calculating the growth rate of GNP,
the profit rate, the prices of goods, and the level of production when the
model is on its balanced growth path. We point out the relation between
the balanced growth rate and the profit rate.
Journal: Economic Systems Research
Pages: 223-237
Issue: 2
Volume: 20
Year: 2008
Keywords: Computable general equilibrium, balanced growth, Leontief linear input-output model, human capital,
X-DOI: 10.1080/09535310802075463
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Template-Type: ReDIF-Article 1.0
Author-Name: Andrea Bonfiglio
Author-X-Name-First: Andrea
Author-X-Name-Last: Bonfiglio
Author-Name: Francesco Chelli
Author-X-Name-First: Francesco
Author-X-Name-Last: Chelli
Title: Assessing the Behaviour of Non-Survey Methods for Constructing Regional Input-Output Tables through a Monte Carlo Simulation
Abstract:
The paper aims to analyse the behaviour of a battery of non-survey
techniques of constructing regional I-O tables in estimating impact. For
this aim, a Monte Carlo simulation, based on the generation of 'true'
multiregional I-O tables, was carried out. By aggregating multi-regional
I-O tables, national I-O tables were obtained. From the latter, indirect
regional tables were derived through the application of various
regionalisation methods and the relevant multipliers were compared with
the 'true' multipliers using a set of statistics. Three aspects of the
behaviour of the methods have been analysed: performances to reproduce
'true' multipliers, variability of simulation error and direction of bias.
The results have demonstrated that the Flegg et al. Location Quotient
(FLQ) and its augmented version (AFLQ) represent an effective improvement
of conventional techniques based on the use of location quotients in both
reproducing 'true' multipliers and generating more stable simulation
errors. In addition, the results have confirmed the existence of a
tendency of the methods to over/underestimate impact. In the cases of the
FLQ and the AFLQ, this tendency depends on the value of the parameter
δ.
Journal: Economic Systems Research
Pages: 243-258
Issue: 3
Volume: 20
Year: 2008
Keywords: Input-Output matrices, non-survey techniques, Monte Carlo simulation, regional policy,
X-DOI: 10.1080/09535310802344315
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Handle: RePEc:taf:ecsysr:v:20:y:2008:i:3:p:243-258
Template-Type: ReDIF-Article 1.0
Author-Name: Giorgio Rampa
Author-X-Name-First: Giorgio
Author-X-Name-Last: Rampa
Title: Using Weighted Least Squares to Deflate Input-Output Tables
Abstract:
This article proposes a balancing procedure for the deflation of
input-output (I-O) tables from the viewpoint of users. This is a
'subjective' variant of the Weighted Least Squares (WLS) method, already
known in the literature. It is argued that it is more flexible than other
methods, and it is shown that SWLS subsumes the first-order approximation
of RAS as a special case. Flexibility is due to the facts that (a) users
can attach differential 'reliability' weights to first (unbalanced)
estimates, depending on the confidence they have in the different parts of
their pre-balancing work, (b) differently from RAS, one is not bound to
take any row or column total as exogenously given, and (c) additional
constraints can be added to it. The article describes also how SWLS was
utilised to estimate a yearly (1959-2000) series of constant-price I-O
tables for the Italian economy.
Journal: Economic Systems Research
Pages: 259-276
Issue: 3
Volume: 20
Year: 2008
Keywords: I-O tables, deflation, balancing, weighted least squares,
X-DOI: 10.1080/09535310802344349
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Handle: RePEc:taf:ecsysr:v:20:y:2008:i:3:p:259-276
Template-Type: ReDIF-Article 1.0
Author-Name: Massimiliano Mazzanti
Author-X-Name-First: Massimiliano
Author-X-Name-Last: Mazzanti
Author-Name: Anna Montini
Author-X-Name-First: Anna
Author-X-Name-Last: Montini
Author-Name: Roberto Zoboli
Author-X-Name-First: Roberto
Author-X-Name-Last: Zoboli
Title: Environmental Kuznets Curves for Air Pollutant Emissions in Italy: Evidence from Environmental Accounts (NAMEA) Panel Data
Abstract:
This paper provides new empirical evidence on delinking and Environmental
Kuznets Curves (EKC) for greenhouse gases and other air pollutant
emissions in Italy. A panel dataset based on the Italian NAMEA (National
Accounts Matrix including Environmental Accounts) for 1990-2001 is
analysed. The highly disaggregated dataset (29 production branches, 12
years and nine air emissions) provides a large heterogeneity and can help
to overcome the shortcomings of the usual approach to EKC based on
cross-country data. Both value added and capital stock per employee are
used as alternative drivers for analysing sectoral NAMEA emissions. Trade
openness at the same sectoral level is also introduced among the
covariates. We find mixed evidence supporting the EKC hypothesis. The
analysis of NAMEA-based data shows that some of the pollutants such as two
greenhouse gases (CO2 and CH4) and CO, produce inverted U-shaped curves
with coherent within-range turning points. Other pollutants (SOX, NOX,
PM10) show a monotonic or even N-shaped relationship. Macro sectoral
disaggregated analysis highlights that the aggregated outcome should hide
some heterogeneity across different groups of production branches
(industry, manufacturing only and services). Services tend to present an
inverted N-shape in most cases. Manufacturing industry shows a mix of
inverted U and N-shapes, depending on the emission considered. The same is
true for industry (all industries, not only manufacturing): although a
turning point has been experienced, N-shapes may lead to increased
emissions with respect to very high levels of the economic driver. In
general, EKC evidence is more pronounced for greenhouse gases. The results
suggest that analysis at macro sector (whole industry, manufacturing only
and services) can be the most promising approach to future research on
EKC.
Journal: Economic Systems Research
Pages: 277-301
Issue: 3
Volume: 20
Year: 2008
Keywords: Delinking, NAMEA, air pollutants, environmental Kuznets curves,
X-DOI: 10.1080/09535310802344356
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Template-Type: ReDIF-Article 1.0
Author-Name: Simona Cantono
Author-X-Name-First: Simona
Author-X-Name-Last: Cantono
Author-Name: Reinout Heijungs
Author-X-Name-First: Reinout
Author-X-Name-Last: Heijungs
Author-Name: Rene Kleijn
Author-X-Name-First: Rene
Author-X-Name-Last: Kleijn
Title: Environmental Accounting of Eco-innovations through Environmental Input-Output Analysis: The Case of Hydrogen and Fuel Cells Buses
Abstract:
The introduction of environmentally friendly innovations in both
transport and energy sectors are included in the list of priorities of the
European Union political agenda. This paper investigates the environmental
consequences of the introduction of hydrogen and fuel cells technology in
the European economic system by applying environmental input-output
analysis and life cycle assessment tools. Hydrogen is produced through the
reforming of natural gas and it is employed in fuel cells buses that offer
transport services to final consumers. We have built three scenarios based
on different assumptions on the final demand. We have shown the results
for three impact categories: global warming, photochemical oxidation and
acidification. The results suggest that the use of hydrogen in fuel cells
buses is only environmentally desirable if accompanied either by the
employment of renewable sources or by carbon dioxide capture, or both.
Journal: Economic Systems Research
Pages: 303-318
Issue: 3
Volume: 20
Year: 2008
Keywords: Environmental input-output analysis, life cycle assessment, hydrogen and fuel cells technology,
X-DOI: 10.1080/09535310802346351
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Template-Type: ReDIF-Article 1.0
Author-Name: Akiko Nakajima
Author-X-Name-First: Akiko
Author-X-Name-Last: Nakajima
Title: Total Labour Requirements and Value Added Productivity of Labour in the Process of Economic Development
Abstract:
When the inverse of the value added productivity of labour is regressed
on total labour requirements (which is equivalent to labour values), a
significant relationship is obtained. This indicates that the value added
productivity of labour can be explained by total labour requirements
(labour values). The mean value of the regression coefficients is about
1.7. The regression coefficients have a tendency to increase during the
process of rapid economic development and to decrease afterwards. Such
movements are explained by value added linkages. This study is based on
input-output analysis, where total labour requirements per monetary unit
of output and the value added productivity of labour are calculated for
each of 24 industries in Japan, Korea and USA, every 5 years between 1960
to 1985.
Journal: Economic Systems Research
Pages: 319-330
Issue: 3
Volume: 20
Year: 2008
Keywords: Total labour requirements, value added productivity of labour, value added linkages,
X-DOI: 10.1080/09535310802344380
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Handle: RePEc:taf:ecsysr:v:20:y:2008:i:3:p:319-330
Template-Type: ReDIF-Article 1.0
Author-Name: onder Nomaler
Author-X-Name-First: onder
Author-X-Name-Last: Nomaler
Author-Name: Bart Verspagen
Author-X-Name-First: Bart
Author-X-Name-Last: Verspagen
Title: Knowledge Flows, Patent Citations and the Impact of Science on Technology
Abstract:
Technological innovation depends on knowledge developed by scientific
research. The number of citations made in patents to the scientific
literature has been suggested as an indicator of this process of transfer
of knowledge from science to technology. We provide an intersectoral
insight into this indicator, by breaking down patent citations into a
sector-to-sector matrix of knowledge flows. We then propose a method to
analyze this matrix and construct various indicators of science intensity
of sectors, and the pervasiveness of knowledge flows. Our results indicate
that the traditional measure of the number of citations to science
literature per patent captures important aspects of intersectoral
knowledge flows, but that other aspects are not captured. In particular,
we show that high science intensity implies that sectors are net suppliers
of knowledge in the economic sector, but that science intensity does not
say much about pervasiveness of either knowledge use or knowledge supply
by sectors. We argue that these results are related to the specific and
specialized nature of knowledge.
Journal: Economic Systems Research
Pages: 339-366
Issue: 4
Volume: 20
Year: 2008
Keywords: Knowledge input-output analysis, knowledge flow matrices, science-to-technology transfer,
X-DOI: 10.1080/09535310802551315
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Handle: RePEc:taf:ecsysr:v:20:y:2008:i:4:p:339-366
Template-Type: ReDIF-Article 1.0
Author-Name: Esteban Fernandez-Vazquez
Author-X-Name-First: Esteban
Author-X-Name-Last: Fernandez-Vazquez
Author-Name: Bart Los
Author-X-Name-First: Bart
Author-X-Name-Last: Los
Author-Name: Carmen Ramos-Carvajal
Author-X-Name-First: Carmen
Author-X-Name-Last: Ramos-Carvajal
Title: Using Additional Information in Structural Decomposition Analysis: The Path-based Approach
Abstract:
Structural decomposition analysis (SDA) is a well-known methodology to
assess the relative importance of effects that together constitute the
actual change in a variable of interest. A widely recognized problem of
SDA is that the results often depend strongly on the specific
decomposition formula chosen, while numerous formulae are equivalent from
a theoretical point of view. This 'non-uniqueness' problem is often solved
rather pragmatically, by reporting an average over (a subset of) all
possible formulae. In this paper, we propose an approach that uses maximum
entropy econometrics techniques to select a specific decomposition formula
if additional information on one or more (but not all) determinants is
available. We illustrate the method empirically by investigating the
sources of change in real labour costs by industry in Spain, 1980-1994.
Journal: Economic Systems Research
Pages: 367-394
Issue: 4
Volume: 20
Year: 2008
Keywords: Structural decomposition analysis, maximum entropy econometrics, labour costs, Spain,
X-DOI: 10.1080/09535310802551356
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Handle: RePEc:taf:ecsysr:v:20:y:2008:i:4:p:367-394
Template-Type: ReDIF-Article 1.0
Author-Name: Jan Oosterhaven
Author-X-Name-First: Jan
Author-X-Name-Last: Oosterhaven
Author-Name: Dirk Stelder
Author-X-Name-First: Dirk
Author-X-Name-Last: Stelder
Author-Name: Satoshi Inomata
Author-X-Name-First: Satoshi
Author-X-Name-Last: Inomata
Title: Estimating International Interindustry Linkages: Non-survey Simulations of the Asian-Pacific Economy
Abstract:
This paper evaluates a recently published semi-survey international
input-output table for nine East-Asian countries and the USA with four
non-survey estimation alternatives. A new generalized RAS procedure is
used with stepwise increasing information from both import and export
statistics as optimisation constraints on the four non-survey tables. The
results show that the estimated table improves when increasing information
from both sources is used, despite the well known inconsistencies between
import and export data in trade statistics. It is concluded that the new
procedure can be useful as a critical analysis of newly published
(semi-)survey international tables and/or as an early updating tool during
the construction process.
Journal: Economic Systems Research
Pages: 395-414
Issue: 4
Volume: 20
Year: 2008
Keywords: Non-survey estimates, international trade, input-output tables, East-Asia, United States,
X-DOI: 10.1080/09535310802551448
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Handle: RePEc:taf:ecsysr:v:20:y:2008:i:4:p:395-414
Template-Type: ReDIF-Article 1.0
Author-Name: Utz-Peter Reich
Author-X-Name-First: Utz-Peter
Author-X-Name-Last: Reich
Title: Additivity of Deflated Input-Output Tables in National Accounts
Abstract:
Input-output tables deflated by chained prices indices are not additive
over product rows. This paper discusses the reasons and suggests a remedy.
The new method proposed is based on a distinction, in concept, between
'real value', on the one hand, and variation in 'volume', on the other.
The first corrects for the monetary variation of the unit of account
resulting from inflation, while the latter isolates the variation of one
product price relative to the other products, caused by the forces of
supply and demand on each individual commodity market. An example of the
resulting growth analysis is compiled for the Dutch economy between years
1990 and 2000.
Journal: Economic Systems Research
Pages: 415-428
Issue: 4
Volume: 20
Year: 2008
Keywords: Index numbers, double deflation, additivity, value added,
X-DOI: 10.1080/09535310802551455
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Template-Type: ReDIF-Article 1.0
Author-Name: Guang-Zhen Sun
Author-X-Name-First: Guang-Zhen
Author-X-Name-Last: Sun
Title: The First Two Eigenvalues of Large Random Matrices and Brody's Hypothesis on the Stability of Large Input-Output Systems
Abstract:
Brody (1997) notices that for large random Leontief matrices, namely
non-negative square matrices with all entries i.i.d., the ratio between
the subdominant eigenvalue (in modulus) and the dominant eigenvalue
declines generically to zero at a speed of the square root of the size of
the matrix as the matrix size goes to infinity. Since then, several
studies have been published in this journal in attempting to rigorously
verify Brody's conjecture. This short article, drawing upon some theorems
obtained in recent years in the literature on empirical spectral
distribution of random matrices, offers a short proof of Brody's
conjecture, and discusses briefly some related issues.
Journal: Economic Systems Research
Pages: 429-432
Issue: 4
Volume: 20
Year: 2008
Keywords: Spectra of random matrices, the Leontief matrix, convergence speed,
X-DOI: 10.1080/09535310802551471
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Handle: RePEc:taf:ecsysr:v:20:y:2008:i:4:p:429-432
Template-Type: ReDIF-Article 1.0
Author-Name: Arup Mitra
Author-X-Name-First: Arup
Author-X-Name-Last: Mitra
Title: Trade Liberalization and India's Informal Economy
Abstract:
Journal: Economic Systems Research
Pages: 433-434
Issue: 4
Volume: 20
Year: 2008
X-DOI: 10.1080/09535310802551505
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Handle: RePEc:taf:ecsysr:v:20:y:2008:i:4:p:433-434
Template-Type: ReDIF-Article 1.0
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Bart Los
Author-X-Name-First: Bart
Author-X-Name-Last: Los
Title: EDITORIAL
Abstract:
Journal: Economic Systems Research
Pages: 1-2
Issue: 1
Volume: 21
Year: 2009
X-DOI: 10.1080/09535310802688646
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Template-Type: ReDIF-Article 1.0
Author-Name: Lining He
Author-X-Name-First: Lining
Author-X-Name-Last: He
Author-Name: Faye Duchin
Author-X-Name-First: Faye
Author-X-Name-Last: Duchin
Title: REGIONAL DEVELOPMENT IN CHINA: INTERREGIONAL TRANSPORTATION INFRASTRUCTURE AND REGIONAL COMPARATIVE ADVANTAGE
Abstract:
Significant economic disparities among China's Eastern, Central, and
Western regions pose unequivocal challenges to social equality and
political stability in the country. A major impediment to economic
development, especially in the poor, remote Western region, is the
shortage of a transportation infrastructure. The Chinese government has
committed to substantial investment for improving the accessibility of
this vast, land-locked region as a mechanism for promoting its
development. The paper examines the impacts of the intended transportation
infrastructure build-up on the Western region's comparative advantage and
its interregional trade. The World Trade Model is extended to represent
this investment and applied to determine interregional trade in China
based on region-specific technologies, factor endowments and prices, and
consumption patterns as well as the capacities and costs of carrying goods
among regions using the interregional transportation infrastructure in
place in the base year of 1997 and that planned for 2010 and 2020. The
model is implemented for three regions, 27 sectors, and seven factors. The
results indicate that the planned infrastructure build-up will be
cost-effective, will increase benefits especially for the Western region,
and that it can conserve energy overall at given levels of demand but
substitute oil for coal. Based on these and other model results, some
recommendations are offered about strategies for regional development in
China.
Journal: Economic Systems Research
Pages: 3-22
Issue: 1
Volume: 21
Year: 2009
Keywords: Transportation infrastructure, Interregional trade, Regional development, China,
X-DOI: 10.1080/09535310802703395
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Template-Type: ReDIF-Article 1.0
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Blanca Gallego
Author-X-Name-First: Blanca
Author-X-Name-Last: Gallego
Author-Name: Richard Wood
Author-X-Name-First: Richard
Author-X-Name-Last: Wood
Title: MATRIX BALANCING UNDER CONFLICTING INFORMATION
Abstract:
We have developed a generalised iterative scaling method (KRAS) that is
able to balance and reconcile input-output tables and SAMs under
conflicting external information and inconsistent constraints. Like
earlier RAS variants, KRAS can: (a) handle constraints on arbitrarily
sized and shaped subsets of matrix elements; (b) include reliability of
the initial estimate and the external constraints; and (c) deal with
negative values, and preserve the sign of matrix elements. Applying KRAS
in four case studies, we find that, as with constrained optimisation, KRAS
is able to find a compromise solution between inconsistent constraints.
This feature does not exist in conventional RAS variants such as GRAS.
KRAS can constitute a major advance for the practice of balancing
input-output tables and Social Accounting Matrices, in that it removes the
necessity of manually tracing inconsistencies in external information.
This quality does not come at the expense of substantial programming and
computational requirements (of conventional constrained optimisation
techniques).
Journal: Economic Systems Research
Pages: 23-44
Issue: 1
Volume: 21
Year: 2009
Keywords: Matrix balancing, Inconsistent constraints, Constrained optimisation, RAS,
X-DOI: 10.1080/09535310802688661
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Template-Type: ReDIF-Article 1.0
Author-Name: Ferran Sancho
Author-X-Name-First: Ferran
Author-X-Name-Last: Sancho
Title: CALIBRATION OF CES FUNCTIONS FOR REAL-WORLD MULTISECTORAL MODELING
Abstract:
We show how to calibrate CES production and utility functions when
indirect taxation affecting inputs and consumption is present. These
calibrated functions can then be used in computable general equilibrium
models. Taxation modifies the standard calibration procedures since any
taxed good has two associated prices and a choice of reference value units
has to be made. We also provide an example of computer code to solve the
calibration of CES utilities under two alternate normalizations.
Journal: Economic Systems Research
Pages: 45-58
Issue: 1
Volume: 21
Year: 2009
Keywords: Calibration, CGE modeling, CES utility and cost functions,
X-DOI: 10.1080/09535310902731270
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Template-Type: ReDIF-Article 1.0
Author-Name: Jose Rueda-Cantuche
Author-X-Name-First: Jose
Author-X-Name-Last: Rueda-Cantuche
Author-Name: Joerg Beutel
Author-X-Name-First: Joerg
Author-X-Name-Last: Beutel
Author-Name: Frederik Neuwahl
Author-X-Name-First: Frederik
Author-X-Name-Last: Neuwahl
Author-Name: Ignazio Mongelli
Author-X-Name-First: Ignazio
Author-X-Name-Last: Mongelli
Author-Name: Andreas Loeschel
Author-X-Name-First: Andreas
Author-X-Name-Last: Loeschel
Title: A SYMMETRIC INPUT-OUTPUT TABLE FOR EU27: LATEST PROGRESS
Abstract:
The European Commission is currently establishing an Environmentally
Extended Input-Output (EE-IO) Database for the EU27 developed by the Joint
Research Centre at the Institute for Prospective Technological Studies
(IPTS). This project attempts to generate an analytical dataset comprising
all EU countries and yearly time series for the period 1995-2005. Since,
for the time being, IO and environmental accounts data are only available
with significant gaps part of the dataset will require estimates based on
best available proxy data and reasonable assumptions. This paper is
focused on the IO database shaped around Eurostat supply and use tables
and symmetric IO tables consistent with the NACE classification. The paper
describes the procedure by which the latest preliminary results have been
obtained for an aggregate EU27 symmetric input-output table for the year
2000.
Journal: Economic Systems Research
Pages: 59-79
Issue: 1
Volume: 21
Year: 2009
Keywords: Environmentally extended input-output tables, System of national accounts, European Union,
X-DOI: 10.1080/09535310802703429
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Template-Type: ReDIF-Article 1.0
Author-Name: Anders Hammer Strømman
Author-X-Name-First: Anders Hammer
Author-X-Name-Last: Strømman
Title: A MULTI-OBJECTIVE ASSESSMENT OF INPUT-OUTPUT MATRIX UPDATING METHODS
Abstract:
This paper shows that important insights can be lost when assessing the
relative performance of balancing methods solely based on individual
optima. This is demonstrated through a multi-objective assessment. A
trade-off curve between RAS and sign-preserving absolute differences
(SPAD) is obtained based on the 60×60 Norwegian 2001 input-output
table. The trade-off curve takes on a form that is close to a step
function. This demonstrates that the solution surface around the RAS and
SPAD optimums are very flat. Solutions can be identified that improve on
the other objective or measure with little or marginal cost to the
original objective function. Motivation for the assessment is provided,
the technique applied is presented and the implications of the findings
are discussed in an input-output and industrial ecology context.
Journal: Economic Systems Research
Pages: 81-88
Issue: 1
Volume: 21
Year: 2009
Keywords: Matrix balancing, Mathematical programming, RAS, Sign-preserving absolute differences,
X-DOI: 10.1080/09535310902737228
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Handle: RePEc:taf:ecsysr:v:21:y:2009:i:1:p:81-88
Template-Type: ReDIF-Article 1.0
Author-Name: Asao Ando
Author-X-Name-First: Asao
Author-X-Name-Last: Ando
Author-Name: Bo Meng
Author-X-Name-First: Bo
Author-X-Name-Last: Meng
Title: THE TRANSPORT SECTOR AND REGIONAL PRICE DIFFERENTIALS: A SPATIAL CGE MODEL FOR CHINESE PROVINCES
Abstract:
With regression formulas replaced by equilibrium conditions, a spatial
CGE (Computable General Equilibrium) model can substantially reduce data
requirements. Detailed regional analyses are thus possible in countries
where only limited regional statistics are available. Alhough regional
price differentials play important roles in multiregional settings,
transport does not receive much attention in existing models. This paper
formulates a spatial CGE model that explicitly considers the transport
sector and FOB/CIF prices. After describing the model, the performance of
our model is evaluated by comparing the benchmark equilibrium for China
with a survey-based interregional I-O table for 1987. The structure of
Chinese economies is summarized using information obtained from the
benchmark equilibrium computation. This includes regional and sectoral
production distributions and price differentials. The equilibrium for 1997
facilitates discussion of changes in regional economic structures that
China has experienced in the decade.
Journal: Economic Systems Research
Pages: 89-113
Issue: 2
Volume: 21
Year: 2009
Keywords: SCGE model, FOB/CIF prices, Transport sector, Chinese regional economy,
X-DOI: 10.1080/09535310903009627
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Handle: RePEc:taf:ecsysr:v:21:y:2009:i:2:p:89-113
Template-Type: ReDIF-Article 1.0
Author-Name: Andrea Bonfiglio
Author-X-Name-First: Andrea
Author-X-Name-Last: Bonfiglio
Title: ON THE PARAMETERIZATION OF TECHNIQUES FOR REPRESENTING REGIONAL ECONOMIC STRUCTURES
Abstract:
This paper is concerned with two parameterized methods of regionalising
input-output coefficients: the Flegg et al. Location Quotient (FLQ) and
its augmented version (AFLQ). For applying the two techniques, a parameter
δ has to be estimated. In this regard, the paper faces two matters
that are still open in the literature: the existence of a range of δ
that can be used in different regions and the estimation of the most
appropriate value of δ. For this aim, a Monte Carlo simulation has
been carried out in order to generate 'true' multiregional I-O tables
randomly. From the simulation, analyses based on probability distributions
and regression were also carried out. Finally, these simulation results
have been compared with those of an empirical case. Results confirm that
there is actually a range of values of δ within which the best
δ is more likely to fall. For the FLQ, this range is centred on 0.3
with an associated probability of 33% (if the width of the range is set at
0.1), whereas, for the AFLQ, the relevant range is between 0.3 and 0.4
with a probability by 38%. Finally, this paper provided a way to estimate
the best δ for a given region, without knowing the relevant and
detailed economic structure at sectoral level.
Journal: Economic Systems Research
Pages: 115-127
Issue: 2
Volume: 21
Year: 2009
Keywords: Non-survey techniques, Input-output matrices, Monte Carlo simulation,
X-DOI: 10.1080/09535310902995727
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Handle: RePEc:taf:ecsysr:v:21:y:2009:i:2:p:115-127
Template-Type: ReDIF-Article 1.0
Author-Name: Sandro Montresor
Author-X-Name-First: Sandro
Author-X-Name-Last: Montresor
Author-Name: Giuseppe Vittucci Marzetti
Author-X-Name-First: Giuseppe Vittucci
Author-X-Name-Last: Marzetti
Title: APPLYING SOCIAL NETWORK ANALYSIS TO INPUT-OUTPUT BASED INNOVATION MATRICES: AN ILLUSTRATIVE APPLICATION TO SIX OECD TECHNOLOGICAL SYSTEMS FOR THE MIDDLE 1990s
Abstract:
The paper discusses, illustrates and possibly contributes to overcoming
two methodological problems that emerge in applying Social Network
Analysis (SNA) to the study of IO-based innovation flows matrices. The
first has to do with the scale-effects these matrices suffer from. The
second refers to the need of dichotomising the matrices. Through an
illustrative application to six OECD countries in the mid-1990s, the paper
shows that, as for the former problem, different relativisation procedures
can be, and have been, used, which either tend to alter the actual meaning
of standard SNA indicators, or do not properly take into account the
actual composition of countries' final demand. As for the latter problem,
the paper shows that the choice of discrete cut-offs is extremely
sensitive, as comparative results actually change along the continuum of
the matrices values. In order to overcome the scale problem, a new
relativisation procedure is put forward that measures innovation flows
embodied in a unit value basket of final demand and thus properly retains
all the information provided by the original matrix of intersectoral
innovation (embodied) flows. In addressing the problem of dichotomisation,
the paper suggests, as a second best, to work with density distributions
that can make the choice of discrete cut-off values less arbitrary.
Journal: Economic Systems Research
Pages: 129-149
Issue: 2
Volume: 21
Year: 2009
Keywords: Technological systems, Embodied innovation flows, Input-Output analysis, Network analysis,
X-DOI: 10.1080/09535310902940228
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310902940228
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Handle: RePEc:taf:ecsysr:v:21:y:2009:i:2:p:129-149
Template-Type: ReDIF-Article 1.0
Author-Name: Amarendra Sahoo
Author-X-Name-First: Amarendra
Author-X-Name-Last: Sahoo
Author-Name: Thijs ten Raa
Author-X-Name-First: Thijs
Author-X-Name-Last: ten Raa
Title: THE RELATIVE PERFORMANCE OF FORMAL AND INFORMAL SECTORS IN INDIA
Abstract:
We evaluate the relative performance of formal and informal sectors in
India by looking into their productivity difference. Recognizing the
intersectoral linkages in the economy, the competitive general equilibrium
prices are computed; these signal the productivities. Our model
synthesizes frontier analysis with the general equilibrium approach to
generate shadow prices. The formal activities are found to be more
productive than the informal. However, the informal services sector is as
efficient as the formal one. There would be an overall productivity gain
of 22% to the economy if factors were allocated to productive activities.
The shadow prices from the model indicate that the formal capital and
informal capital are scarce factors, while it has been the opposite for
formal (regular) and informal (casual) labour. Formal labour is more
productive than its informal counterpart; formal capital and informal
capital are equally productive.
Journal: Economic Systems Research
Pages: 151-162
Issue: 2
Volume: 21
Year: 2009
Keywords: Productivity, Formal and informal sectors, Competitive prices, General equilibrium,
X-DOI: 10.1080/09535310902995719
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310902995719
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Handle: RePEc:taf:ecsysr:v:21:y:2009:i:2:p:151-162
Template-Type: ReDIF-Article 1.0
Author-Name: Paul De Boer
Author-X-Name-First: Paul
Author-X-Name-Last: De Boer
Title: MULTIPLICATIVE DECOMPOSITION AND INDEX NUMBER THEORY: AN EMPIRICAL APPLICATION OF THE SATO-VARTIA DECOMPOSITION
Abstract:
In de Boer (2008), additive decompositions of aggregate changes in a
variable into its factors were considered. We proposed using the 'ideal'
Montgomery decomposition, developed in index number theory as an
alternative to the commonly used methods in structural decomposition
analysis, and applied it to the example analyzed by Dietzenbacher and Los
(1998) (D&L). In this paper we consider multiplicative decompositions and
show that the method proposed by D&L of taking the geometric mean of all
elementary decompositions is 'ideal'. However, it requires the computation
of an ever-increasing number of decompositions when the number of factors
increases. As an alternative, we propose using the Sato-Vartia
decomposition, which is also 'ideal', but requires the computation of only
one decomposition. Application to the example of D&L reveals that the two
methods yield results that are very close to each other.
Journal: Economic Systems Research
Pages: 163-174
Issue: 2
Volume: 21
Year: 2009
Keywords: Multiplicative decomposition, Index number theory, Structural decomposition analysis, Siegel-Shapley decomposition,
X-DOI: 10.1080/09535310902937638
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310902937638
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Handle: RePEc:taf:ecsysr:v:21:y:2009:i:2:p:163-174
Template-Type: ReDIF-Article 1.0
Author-Name: Thomas Wiedmann
Author-X-Name-First: Thomas
Author-X-Name-Last: Wiedmann
Title: EDITORIAL: CARBON FOOTPRINT AND INPUT-OUTPUT ANALYSIS - AN INTRODUCTION
Abstract:
This editorial is the introduction to a special issue of Economic Systems
Research on the topic of carbon footprint and input-output analysis. It
provides a brief historical context of the involvement of input-output
analysis with applications in environmental research and makes the link to
carbon footprint theory and practice. The six papers in this issue are
briefly introduced. The aim of the special issue is to bring together the
academic world of rigorous economic modelling and the practice of
greenhouse gas accounting at various levels.
Journal: Economic Systems Research
Pages: 175-186
Issue: 3
Volume: 21
Year: 2009
Keywords: Carbon footprint, Input-output analysis, Greenhouse gas accounting,
X-DOI: 10.1080/09535310903541256
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310903541256
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Handle: RePEc:taf:ecsysr:v:21:y:2009:i:3:p:175-186
Template-Type: ReDIF-Article 1.0
Author-Name: J. C. Minx
Author-X-Name-First: J. C.
Author-X-Name-Last: Minx
Author-Name: T. Wiedmann
Author-X-Name-First: T.
Author-X-Name-Last: Wiedmann
Author-Name: R. Wood
Author-X-Name-First: R.
Author-X-Name-Last: Wood
Author-Name: G. P. Peters
Author-X-Name-First: G. P.
Author-X-Name-Last: Peters
Author-Name: M. Lenzen
Author-X-Name-First: M.
Author-X-Name-Last: Lenzen
Author-Name: A. Owen
Author-X-Name-First: A.
Author-X-Name-Last: Owen
Author-Name: K. Scott
Author-X-Name-First: K.
Author-X-Name-Last: Scott
Author-Name: J. Barrett
Author-X-Name-First: J.
Author-X-Name-Last: Barrett
Author-Name: K. Hubacek
Author-X-Name-First: K.
Author-X-Name-Last: Hubacek
Author-Name: G. Baiocchi
Author-X-Name-First: G.
Author-X-Name-Last: Baiocchi
Author-Name: A. Paul
Author-X-Name-First: A.
Author-X-Name-Last: Paul
Author-Name: E. Dawkins
Author-X-Name-First: E.
Author-X-Name-Last: Dawkins
Author-Name: J. Briggs
Author-X-Name-First: J.
Author-X-Name-Last: Briggs
Author-Name: D. Guan
Author-X-Name-First: D.
Author-X-Name-Last: Guan
Author-Name: S. Suh
Author-X-Name-First: S.
Author-X-Name-Last: Suh
Author-Name: F. Ackerman
Author-X-Name-First: F.
Author-X-Name-Last: Ackerman
Title: INPUT-OUTPUT ANALYSIS AND CARBON FOOTPRINTING: AN OVERVIEW OF APPLICATIONS
Abstract:
This article provides an overview of how generalised multi-regional
input-output models can be used for carbon footprint applications. We
focus on the relevance and suitability of such evidence to inform decision
making. Such an overview is currently missing. Drawing on UK results, we
cover carbon footprint applications in seven areas: national emissions
inventories and trade, emission drivers, economic sectors, supply chains,
organisations, household consumption and lifestyles as well as
sub-national emission inventories. The article highlights the multiple
uses of generalised multi-regional input-output models for carbon
footprinting and concludes by highlighting important avenues for future
research.
Journal: Economic Systems Research
Pages: 187-216
Issue: 3
Volume: 21
Year: 2009
Keywords: Multi-regional input-output model, Carbon footprint, Emission inventory, Trade, Consumption-based accounting,
X-DOI: 10.1080/09535310903541298
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310903541298
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Handle: RePEc:taf:ecsysr:v:21:y:2009:i:3:p:187-216
Template-Type: ReDIF-Article 1.0
Author-Name: Y. Anny Huang
Author-X-Name-First: Y. Anny
Author-X-Name-Last: Huang
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Christopher Weber
Author-X-Name-First: Christopher
Author-X-Name-Last: Weber
Author-Name: Joy Murray
Author-X-Name-First: Joy
Author-X-Name-Last: Murray
Author-Name: H. Scott Matthews
Author-X-Name-First: H. Scott
Author-X-Name-Last: Matthews
Title: THE ROLE OF INPUT-OUTPUT ANALYSIS FOR THE SCREENING OF CORPORATE CARBON FOOTPRINTS
Abstract:
In developing a standardised approach for companies to inventory
greenhouse gas (GHG) emissions along their value chains, key challenges
identified by stakeholders and technical experts include: which emissions
sources a company should include in their inventory and how to calculate
them, what constitutes a full list of indirect supply chain activities,
and how to determine which activities from such a list are significant by
application of a cut-off threshold. Using GHG accounting based on
input-output models from Australia and the United States, this work
presents specific case study examples and general results for broad
industry sectors in both economies to address the development of a
complete upstream carbon footprint for screening purposes. This is
followed by an analysis of the issues surrounding application of cut-off
thresholds and the relationship with system capture rate and efforts in
carbon footprint analysis. This knowledge can inform decision makers about
where to expend effort in gaining progressively greater accuracy for
informed purchasing, investing, claiming carbon credits, and
policy-making. The results from this work elucidate several findings:
while it is probably true that some companies will know what sources
contribute most significantly in the supply chain, this is not likely to
be true for all. Contrary to common perception, scope 1&2 emissions are
not always more significant than scope-3 sources, and, for some sectors,
the largest sources of emissions may be buried further upstream than many
companies may have previously perceived. Compiling a list of core elements
of significance across all sectors may be problematic because these
elements are not necessarily significant for most sectors. Lastly, the
application of cut-off thresholds results in highly variable performance
in footprint capture rate and is not a reliable criterion for including
emission sources in GHG footprints. Input-output analysis is a powerful
tool in informing supply-chain GHG accounting, and there is a need for
plain language education, training, support materials and information to
be made easily accessible to a global business community.
Journal: Economic Systems Research
Pages: 217-242
Issue: 3
Volume: 21
Year: 2009
Keywords: GHG accounting, Carbon footprint, Input-output analysis, Structural path analysis,
X-DOI: 10.1080/09535310903541348
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310903541348
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Handle: RePEc:taf:ecsysr:v:21:y:2009:i:3:p:217-242
Template-Type: ReDIF-Article 1.0
Author-Name: Richard Wood
Author-X-Name-First: Richard
Author-X-Name-Last: Wood
Author-Name: Christopher Dey
Author-X-Name-First: Christopher
Author-X-Name-Last: Dey
Title: AUSTRALIA'S CARBON FOOTPRINT
Abstract:
This paper gives an overview of the construction techniques and methods
used to assign greenhouse gas accounts to industry sectors and of the use
of input-output analysis to subsequently calculate the carbon footprint of
Australia. The work is motivated by the introduction of an
emissions-trading scheme in Australia, and by the need for policy to be
developed around the direct and indirect (life-cycle) greenhouse gas
emissions of industries, especially with regards to the trade exposure of
industries with large carbon footprints. Greenhouse gas multipliers, which
show the carbon footprint intensity of consumption items, are calculated
to gain insight into opportunities for 'greening' consumption. Key
industries are identified in relation to both greenhouse gas emissions and
economic importance. The effects of imports, exports and capital
consumption are explored and a brief analysis of the change in greenhouse
gas multipliers over time is given.
Journal: Economic Systems Research
Pages: 243-266
Issue: 3
Volume: 21
Year: 2009
Keywords: Australia, Input-output analysis, Carbon footprint, Greenhouse gas emissions, Sectoral analysis,
X-DOI: 10.1080/09535310903541397
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310903541397
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Handle: RePEc:taf:ecsysr:v:21:y:2009:i:3:p:243-266
Template-Type: ReDIF-Article 1.0
Author-Name: Keisuke Nansai
Author-X-Name-First: Keisuke
Author-X-Name-Last: Nansai
Author-Name: Shigemi Kagawa
Author-X-Name-First: Shigemi
Author-X-Name-Last: Kagawa
Author-Name: Yasushi Kondo
Author-X-Name-First: Yasushi
Author-X-Name-Last: Kondo
Author-Name: Sangwon Suh
Author-X-Name-First: Sangwon
Author-X-Name-Last: Suh
Author-Name: Rokuta Inaba
Author-X-Name-First: Rokuta
Author-X-Name-Last: Inaba
Author-Name: Kenichi Nakajima
Author-X-Name-First: Kenichi
Author-X-Name-Last: Nakajima
Title: IMPROVING THE COMPLETENESS OF PRODUCT CARBON FOOTPRINTS USING A GLOBAL LINK INPUT-OUTPUT MODEL: THE CASE OF JAPAN
Abstract:
This paper is concerned with the main activities of Japan's 'Disclosure
of CO2 emissions' programme, aimed at illustrating the CO2 emissions
associated with consumer products as a 'carbon footprint' (CF). Although
the current, provisional guidelines for calculating product carbon
footprints specify that only the bottom-up approach is to be used for this
purpose, this paper presents useful applications of input-output analysis
that can improve the reliability of the method considerably, by taking
full advantage of the strengths of input-output analysis. To this end, we
first estimated the global carbon footprint (GCF) of food and consumables
in Japan, using a global link input-output (GLIO) model comprising 804
economic sectors in Japan and 230 foreign countries and regions. By
visualizing the GCF on a world map, the global distribution (including
Middle East and African countries) of the induced CO2 emissions of each of
the Japanese sectors were identified. To investigate the scope for
reducing the data collection burden for CF practitioners, GCFs were
compared with CFs obtained using a single-region input-output model. This
showed that there are certain commodity groups with a CF equating to 70%
to over 90% of the corresponding GCF, even if the imported goods used for
producing a Japanese domestic product are considered environmentally
equivalent to their domestically produced counterparts. Furthermore, it
was identified which data should preferably be collected by the bottom-up
approach to secure CO2 emissions coverage greater than a certain
predefined level and keep data and labour costs at a minimum.
Journal: Economic Systems Research
Pages: 267-290
Issue: 3
Volume: 21
Year: 2009
Keywords: Carbon footprint, Product category rules, Completeness, Embodied carbon intensity, Multiregional model, System boundary, Input-output analysis, Global model,
X-DOI: 10.1080/09535310903541587
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310903541587
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Handle: RePEc:taf:ecsysr:v:21:y:2009:i:3:p:267-290
Template-Type: ReDIF-Article 1.0
Author-Name: Harry Wilting
Author-X-Name-First: Harry
Author-X-Name-Last: Wilting
Author-Name: Kees Vringer
Author-X-Name-First: Kees
Author-X-Name-Last: Vringer
Title: CARBON AND LAND USE ACCOUNTING FROM A PRODUCER'S AND A cONSUMER'S PERSPECTIVE - AN EMPIRICAL EXAMINATION COVERING THE WORLD
Abstract:
National policies for reducing environmental pressures stemming from
emissions and the use of natural resources usually adopt a producer
approach, i.e. the legislation refers to pressures occurring within the
territorial boundaries of a country. An alternative approach to
environmental accounting is the consumer approach, which includes
environmental pressures associated with imports for domestic consumption,
wherever these pressures occur. The carbon footprint, for example, is such
an approach, in which CO2 or greenhouse gas (GHG) emissions are considered
from a consumer's perspective. The consumer approach may offer new ways
for policies to reduce pressures, and therefore it would be interesting to
adopt this perspective in national environmental policy-making and
international negotiations. To gain insight into the differences between
the approaches, this paper discusses the concepts of both, showing the
results of an empirical analysis and going into the application of the two
different perspectives in (international) environmental policies. Due to
international trade, the environmental pressures accounted for in a
producer's and a consumer's perspective are usually not the same for a
country. This paper presents a worldwide overview, comparing the outcomes
for the two approaches with regard to GHG emissions and land use, for 12
world regions. Furthermore, for GHG emissions, a quantitative comparison
was made between 87 countries and regions covering the world.
Consumption-related GHG emissions and land use per capita were calculated
with a full multi-regional input-output (MRIO) model. MRIO analysis is an
attractive method for footprint analyses in an international context. The
research shows that, for most developed countries, GHG emissions and land
use are higher in the consumer approach than in the producer approach. For
most developing countries, the opposite is true. Before applying national
targets to the consumer approach - for instance, in climate policies -
further improvements and standardisation of methodology and data will be
necessary.
Journal: Economic Systems Research
Pages: 291-310
Issue: 3
Volume: 21
Year: 2009
Keywords: Footprint analysis, Multi-region input-output analysis, Environmental accounting, Environmental policy, Responsibility,
X-DOI: 10.1080/09535310903541736
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310903541736
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Handle: RePEc:taf:ecsysr:v:21:y:2009:i:3:p:291-310
Template-Type: ReDIF-Article 1.0
Author-Name: Robbie Andrew
Author-X-Name-First: Robbie
Author-X-Name-Last: Andrew
Author-Name: Glen Peters
Author-X-Name-First: Glen
Author-X-Name-Last: Peters
Author-Name: James Lennox
Author-X-Name-First: James
Author-X-Name-Last: Lennox
Title: APPROXIMATION AND REGIONAL AGGREGATION IN MULTI-REGIONAL INPUT-OUTPUT ANALYSIS FOR NATIONAL CARBON FOOTPRINT ACCOUNTING
Abstract:
Multi-regional input-output (MRIO) analysis has been widely used to
quantify the global environmental impacts (e.g. energy use, greenhouse gas
emissions, water use) embodied in consumption and international trade.
Often, analysts have used approximations to a full global MRIO model;
however, without access to a full MRIO model the approximation errors are
unknown. In this paper we use an MRIO model based on the dataset provided
by the Global Trade Analysis Project (GTAP) to quantify the errors
introduced by various approximations of the full MRIO model. We find that
emissions embodied in imports contribute an average 40% of the total
emissions embodied in countries' final demands. For the emissions embodied
in imports, we find: (a) that the unidirectional trade model gives a good
approximation to the full MRIO model when the number of regions in the
model is small; (b) that including only the most important trade partner
in terms of emissions embodied in imports can substantially improve the
accuracy of estimates; and (c) that a world-average input-output table
often provides a good representation of the aggregate 'rest of world'
economy. Finally, assuming that imports are produced with domestic
technology (Domestic Technology Assumption, DTA) in an MRIO model can
introduce significant errors and requires careful validation before
results are used. However, the DTA generally produces better estimates
than ignoring imports altogether.
Journal: Economic Systems Research
Pages: 311-335
Issue: 3
Volume: 21
Year: 2009
Keywords: Input-output analysis, Carbon footprint, Approximation, Trade and environment,
X-DOI: 10.1080/09535310903541751
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310903541751
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Handle: RePEc:taf:ecsysr:v:21:y:2009:i:3:p:311-335
Template-Type: ReDIF-Article 1.0
Author-Name: Asuka Yamakawa
Author-X-Name-First: Asuka
Author-X-Name-Last: Yamakawa
Author-Name: Glen Peters
Author-X-Name-First: Glen
Author-X-Name-Last: Peters
Title: USING TIME-SERIES TO MEASURE UNCERTAINTY IN ENVIRONMENTAL INPUT-OUTPUT ANALYSIS
Abstract:
Environmental Input-Output Analysis (EIOA) is a tool for environmental
analysis of broad classes of sectoral activities, taking into account
indirect effects in other sectors in the supply chain. The core of EIOA is
an input-output table (IOT) and national accounting matrix including
environmental accounts (NAMEA) for a fixed base-year. We evaluate the
uncertainty in EIOA using a time series of current-price IOT and NAMEA for
13 years from 1990 to 2002. We find annual variations in the current-price
IOT and NAMEA, which may represent either realistic changes in production
or measurement error. We assume the changes are errors and apply a
regression analysis to remove the trends from the underlying data and
estimate the uncertainty in the raw IOT. We then calculate the emissions
for various final users and sectors to estimate the uncertainties from
typical EIOA investigations. Using Monte Carlo analysis, we then
investigate how well the variations in the current-price IOT and NAMEA
over time may represent uncertainties. The results of this work have
several implications for both statistical offices and the analyst.
Statistical offices can provide details on data sources, methodologies,
and estimates of annual variations. Analysts can incorporate this
uncertainty information to understand the implications of uncertainty on
their calculations and ultimately the policy recommendations derived from
their studies.
Journal: Economic Systems Research
Pages: 337-362
Issue: 4
Volume: 21
Year: 2009
Keywords: Environmental input-output analysis, NAMEA, Uncertainty, National accounts, Monte Carlo analysis,
X-DOI: 10.1080/09535310903444766
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310903444766
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Handle: RePEc:taf:ecsysr:v:21:y:2009:i:4:p:337-362
Template-Type: ReDIF-Article 1.0
Author-Name: Jose Rueda-Cantuche
Author-X-Name-First: Jose
Author-X-Name-Last: Rueda-Cantuche
Author-Name: Thijs Ten Raa
Author-X-Name-First: Thijs Ten
Author-X-Name-Last: Raa
Title: THE CHOICE OF MODEL IN THE CONSTRUCTION OF INDUSTRY COEFFICIENTS MATRICES
Abstract:
Kop Jansen and ten Raa's (1990) characterization of product-by-product
input-output tables was adopted by the United Nations (1993). Recent OECD
and several EU funded projects, however, used industry-by-industry tables,
which raises comparable issues concerning their construction. We show how
their two main construction models are instances of the transfer
principle, with alternative assumptions on the variation of input-output
coefficients across product markets. We augment the theory by formulating
desirable properties for industry tables and investigate the so-called
fixed product and fixed industry sales structure models, which are used by
statistical institutes. The fixed industry sales structure model is shown
to be superior from an axiomatic point of view.
Journal: Economic Systems Research
Pages: 363-376
Issue: 4
Volume: 21
Year: 2009
Keywords: Input-output tables, Axiomatic approach, Industry tables,
X-DOI: 10.1080/09535310903208344
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310903208344
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Handle: RePEc:taf:ecsysr:v:21:y:2009:i:4:p:363-376
Template-Type: ReDIF-Article 1.0
Author-Name: Euijune Kim
Author-X-Name-First: Euijune
Author-X-Name-Last: Kim
Author-Name: Geoffrey Hewings
Author-X-Name-First: Geoffrey
Author-X-Name-Last: Hewings
Title: AN APPLICATION OF AN INTEGRATED TRANSPORT NETWORK - MULTIREGIONAL CGE MODEL TO THE CALIBRATION OF SYNERGY EFFECTS OF HIGHWAY INVESTMENTS
Abstract:
A transportation network-multiregional CGE model is applied to estimate
the synergy effects of a set of highway projects on value added by region
and industrial sector. This synergy effect is defined as a difference
between the summation of the net GDP increase from the development of each
highway sub-link without spatial linkage and the change in GDP resulting
from the concurrent development of all links with spatial linkages. Among
nine east-west highways in Korea, the East-West 9 highway increases the
GDP by 0.3% over the 30-year time period horizon, with 0.016% of the GDP
due to the synergy effect. The East-West 9 highway has the largest synergy
effect of US$0.164 billion per year on the manufacturing sector of Kwangju
Metropolitan Area, resulting in a gain in a regional GRP per capita of
US$15.88 per year. Since most synergy effects are generated in less
developed regions, highway development can contribute to the reduction in
regional disparities.
Journal: Economic Systems Research
Pages: 377-397
Issue: 4
Volume: 21
Year: 2009
Keywords: Computable general equilibrium model, Transportation investment, Synergy effect, Regional social accounting matrix,
X-DOI: 10.1080/09535310903444758
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310903444758
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Handle: RePEc:taf:ecsysr:v:21:y:2009:i:4:p:377-397
Template-Type: ReDIF-Article 1.0
Author-Name: Andre Lemelin
Author-X-Name-First: Andre
Author-X-Name-Last: Lemelin
Title: A GRAS VARIANT SOLVING FOR MINIMUM INFORMATION LOSS
Abstract:
The fundamental idea in Junius and Oosterhaven (2003) is to break down
the information contained in the a priori data into two parts: algebraic
signs, and absolute values. This approach is well grounded in information
theory, and provides a basis on which to solve the problem of adjusting
matrices with negative entries. However, Junius and Oosterhaven (2003)
have formulated a target function that is not equivalent to the Kullback
and Leibler (1951) cross-entropy measure, and so is not a representation
of the minimum information loss principle. Neither is the alternative
target function proposed by Lenzen et al. (2007). This paper develops the
exact Kullback and Leibler cross-entropy measure. In addition, following
the constrained optimization approach, this paper applies the same
principle to solve adjustment problems where row-sums, column-sums or both
are constrained to zero.
Journal: Economic Systems Research
Pages: 399-408
Issue: 4
Volume: 21
Year: 2009
Keywords: RAS matrix balancing, Negative entries, GRAS, Minimum cross-entropy,
X-DOI: 10.1080/09535311003589310
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535311003589310
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Handle: RePEc:taf:ecsysr:v:21:y:2009:i:4:p:399-408
Template-Type: ReDIF-Article 1.0
Author-Name: Giovanni Cerulli
Author-X-Name-First: Giovanni
Author-X-Name-Last: Cerulli
Author-Name: Bianca Poti`
Author-X-Name-First: Bianca
Author-X-Name-Last: Poti`
Title: MEASURING INTERSECTORAL KNOWLEDGE SPILLOVERS: AN APPLICATION OF SENSITIVITY ANALYSIS TO ITALY
Abstract:
R&D spillovers are unanimously considered as one of the main driving
forces of technical change, innovation and economic growth. This paper
aims at measuring interindustry R&D spillovers. We apply an
'uncertainty-sensitivity analysis' to the Italian input-output table of
intermediate goods split into 31 economic sectors for the year 2000. The
value added of using this methodology is the opportunity of distinguishing
between spillover effects induced by productive linkages (the Leontief
forward multipliers) and those activated by R&D investments, capturing the
uncertain and non-linear nature of the relations between spillovers and
factors affecting them.
Journal: Economic Systems Research
Pages: 409-436
Issue: 4
Volume: 21
Year: 2009
Keywords: R&D spillovers, Input-output models, Sensitivity analysis, Monte Carlo simulations,
X-DOI: 10.1080/09535310903569216
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310903569216
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Handle: RePEc:taf:ecsysr:v:21:y:2009:i:4:p:409-436
Template-Type: ReDIF-Article 1.0
Author-Name: Jan Oosterhaven
Author-X-Name-First: Jan
Author-X-Name-Last: Oosterhaven
Author-Name: Norbert Rainer
Author-X-Name-First: Norbert
Author-X-Name-Last: Rainer
Author-Name: Thijs ten Raa
Author-X-Name-First: Thijs
Author-X-Name-Last: ten Raa
Author-Name: Joaquim Jose Martins Guilhoto
Author-X-Name-First: Joaquim Jose Martins
Author-X-Name-Last: Guilhoto
Author-Name: Jodie Gonzalez Jennings
Author-X-Name-First: Jodie Gonzalez
Author-X-Name-Last: Jennings
Author-Name: Jose Rueda-Cantuch
Author-X-Name-First: Jose
Author-X-Name-Last: Rueda-Cantuch
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Bent Thage
Author-X-Name-First: Bent
Author-X-Name-Last: Thage
Author-Name: Klaus Hubacek
Author-X-Name-First: Klaus
Author-X-Name-Last: Hubacek
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Bart Los
Author-X-Name-First: Bart
Author-X-Name-Last: Los
Author-Name: Christof Paparella
Author-X-Name-First: Christof
Author-X-Name-Last: Paparella
Title: Annual Report 2008
Abstract:
Journal: Economic Systems Research
Pages: 437-445
Issue: 4
Volume: 21
Year: 2009
X-DOI: 10.1080/09535310903561924
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535310903561924
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Handle: RePEc:taf:ecsysr:v:21:y:2009:i:4:p:437-445
Template-Type: ReDIF-Article 1.0
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Bart Los
Author-X-Name-First: Bart
Author-X-Name-Last: Los
Title: EDITORIAL
Abstract:
Journal: Economic Systems Research
Pages: 1-1
Issue: 1
Volume: 22
Year: 2010
X-DOI: 10.1080/09535311003715550
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535311003715550
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Template-Type: ReDIF-Article 1.0
Author-Name: Mark Orsi
Author-X-Name-First: Mark
Author-X-Name-Last: Orsi
Author-Name: Joost Santos
Author-X-Name-First: Joost
Author-X-Name-Last: Santos
Title: PROBABILISTIC MODELING OF WORKFORCE-BASED DISRUPTIONS AND INPUT-OUTPUT ANALYSIS OF INTERDEPENDENT RIPPLE EFFECTS
Abstract:
This paper extends the formulation of the input-output model to account
for events that cause time varying and probabilistic workforce
disruptions. One example of such an event is a pandemic, because the rates
with which it affects the working population vary from period to period
and are coupled with uncertainties. To address such complexities, the
paper develops two extensions: (i) a method of translating unavailable
workforce into a measure of sector productivity disruption, and (ii) a
simulation framework to account for the possible variations in economic
output losses. These extensions are implemented via a MATLAB program to
simulate a pandemic scenario in the Commonwealth of Virginia.
Journal: Economic Systems Research
Pages: 3-18
Issue: 1
Volume: 22
Year: 2010
Keywords: Dynamic inoperability input-output model, Pandemic, Workforce disruptions, Virginia,
X-DOI: 10.1080/09535311003612419
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535311003612419
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Template-Type: ReDIF-Article 1.0
Author-Name: Thomas Wiedmann
Author-X-Name-First: Thomas
Author-X-Name-Last: Wiedmann
Author-Name: Richard Wood
Author-X-Name-First: Richard
Author-X-Name-Last: Wood
Author-Name: Jan Minx
Author-X-Name-First: Jan
Author-X-Name-Last: Minx
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Dabo Guan
Author-X-Name-First: Dabo
Author-X-Name-Last: Guan
Author-Name: Rocky Harris
Author-X-Name-First: Rocky
Author-X-Name-Last: Harris
Title: A CARBON FOOTPRINT TIME SERIES OF THE UK - RESULTS FROM A MULTI-REGION INPUT-OUTPUT MODEL
Abstract:
The framework and results of an international multi-region input-output
(MRIO) model for the UK are presented. A time series of balanced
input-output tables for the UK was constructed for the period 1992 to 2004
by using a matrix balancing procedure that is able to handle conflicting
external data and inconsistent constraints. Detailed sectoral and
country-specific trade data for the UK were compiled and reconciled with
the UK input-output data, and economic and environmental accounts for
three world regions were integrated in a UK-specific MRIO model. This was
subsequently used to calculate a time series of national carbon footprints
for the UK from 1992 to 2004. Greenhouse gas emissions embedded in UK
trade are distinguished by destination of imports to intermediate and
final demand. Most greenhouse gases show a significant increase over time
in consumer emissions and a widening gap between producer and consumer
emissions. Net CO2 emissions embedded in UK imports increased from 4.3% of
producer emissions in 1992 to a maximum of 20% in 2002. The total
estimated UK carbon footprint in 2004 was 730 Mt for CO2 and 934 Mt CO2
equivalents for all greenhouse gases.
Journal: Economic Systems Research
Pages: 19-42
Issue: 1
Volume: 22
Year: 2010
Keywords: Multi-region input-output model, Embedded greenhouse gas emissions, Carbon footprint, Consumer emissions, Balance of emissions embedded in trade (BEET), UK,
X-DOI: 10.1080/09535311003612591
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535311003612591
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Template-Type: ReDIF-Article 1.0
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Richard Wood
Author-X-Name-First: Richard
Author-X-Name-Last: Wood
Author-Name: Thomas Wiedmann
Author-X-Name-First: Thomas
Author-X-Name-Last: Wiedmann
Title: UNCERTAINTY ANALYSIS FOR MULTI-REGION INPUT-OUTPUT MODELS - A CASE STUDY OF THE UK'S CARBON FOOTPRINT
Abstract:
This paper reviews and demonstrates methods available for estimating
standard deviations for carbon multipliers in a multi-regional
input-output (MRIO) framework. We attempt to capture all possible
variations of underlying data and calculation procedures in a global MRIO
model constructed with particular focus on the UK. We consider these
variations to be random, and determine the stochastic variation of the
whole MRIO system using Monte Carlo techniques. 5000 simulation runs were
carried out to determine the standard deviations of multipliers. From
these, the standard deviations of components of the UK's carbon footprint
were estimated using error propagation. We estimate an 89% probability
that the UK's carbon footprint has increased between 1994 and 2004.
Journal: Economic Systems Research
Pages: 43-63
Issue: 1
Volume: 22
Year: 2010
Keywords: Uncertainty, Multi-region input-output analysis, Monte Carlo analysis, Errors, UK, Carbon footprint,
X-DOI: 10.1080/09535311003661226
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535311003661226
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:1:p:43-63
Template-Type: ReDIF-Article 1.0
Author-Name: Mauricio Bittencourt
Author-X-Name-First: Mauricio
Author-X-Name-Last: Bittencourt
Author-Name: Donald Larson
Author-X-Name-First: Donald
Author-X-Name-Last: Larson
Author-Name: David Kraybill
Author-X-Name-First: David
Author-X-Name-Last: Kraybill
Title: REGIONAL SHORT-RUN EFFECTS OF TRADE LIBERALIZATION IN BRAZIL
Abstract:
We use a single-country multi-regional computable general equilibrium
model to evaluate regional short-run impacts of reduction in import
tariffs resulting from recent free trade area agreements, on poverty and
distribution of income in Brazil. Results show that trade can reduce
inter-regional income inequality, but poor urban households lose with
trade liberalization. Trade policy alone is not sufficient for achieving
more equitable income distribution goals in Brazil. Without greater
investment in human and physical capital, incomes in most regions of
Brazil are likely to lag behind incomes in the South/Southeast, the most
developed regions in the country.
Journal: Economic Systems Research
Pages: 65-85
Issue: 1
Volume: 22
Year: 2010
Keywords: Trade liberalization, Income distribution, CGE models, Brazil,
X-DOI: 10.1080/09535311003677628
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535311003677628
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:1:p:65-85
Template-Type: ReDIF-Article 1.0
Author-Name: Chang Seung
Author-X-Name-First: Chang
Author-X-Name-Last: Seung
Author-Name: Edward Waters
Author-X-Name-First: Edward
Author-X-Name-Last: Waters
Title: EVALUATING SUPPLY-SIDE AND DEMAND-SIDE SHOCKS FOR FISHERIES: A COMPUTABLE GENERAL EQUILIBRIUM (CGE) MODEL FOR ALASKA
Abstract:
This study used computable general equilibrium (CGE) models to
investigate the economic effects of three exogenous shocks to Alaska
fisheries: (1) reduction in pollock allowable catch (TAC); (2) increase in
fuel price; and (3) reduction in demand for seafood. Two different model
versions, 'Keynesian' and 'neoclassical', were used to estimate impacts on
endogenous output, employment, value added, and household income. By using
a CGE model, this study overcomes the limitations of fixed-price models
(such as input-output models) including (1) inability to calculate welfare
effects due to fixed prices; and (2) difficulty of addressing supply-side
shocks. There are currently few examples of CGE studies addressing
fisheries issues appearing in the literature. Among those, this study is
unique in that it uses a relatively disaggregated sector scheme and
examines both supply-side and demand-side shocks.
Journal: Economic Systems Research
Pages: 87-109
Issue: 1
Volume: 22
Year: 2010
Keywords: Computable general equilibrium, Alaska, Fisheries impacts,
X-DOI: 10.1080/09535311003677636
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535311003677636
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:1:p:87-109
Template-Type: ReDIF-Article 1.0
Author-Name: Marisa Civardi
Author-X-Name-First: Marisa
Author-X-Name-Last: Civardi
Author-Name: Rosaria Vega Pansini
Author-X-Name-First: Rosaria Vega
Author-X-Name-Last: Pansini
Author-Name: Renata Targetti Lenti
Author-X-Name-First: Renata
Author-X-Name-Last: Targetti Lenti
Title: EXTENSIONS TO THE MULTIPLIER DECOMPOSITION APPROACH IN A SAM FRAMEWORK: AN APPLICATION TO VIETNAM
Abstract:
The aim of this paper is to provide an extension of a technique recently
introduced by Pyatt and Round (2006) to decompose each element of the
'global multiplier matrix' in 'microscopic detail' in order to capture the
linkages between each household groups' income and the exogenously
injected income of other accounts. The methodology we propose allows
dividing the impact of exogenous injections into four different effects:
direct-direct effect (D-D); direct-indirect effect (D-I); indirect-direct
effect (I-D) and indirect-indirect effect (I-I). Results using the 2000
Vietnamese SAM show that the highest direct effects on the income of
household groups are related to exogenous injections into the agricultural
sector, while the highest indirect effects result from investing in other
agriculture-related sectors such as, for example, food processing. Policy
interventions focusing on the agricultural sector and on rural households
will thus have the greatest effect on reducing the level of income
inequality.
Journal: Economic Systems Research
Pages: 111-128
Issue: 2
Volume: 22
Year: 2010
Keywords: Income distribution, Social Accounting Matrix, Multiplier decomposition, Inequality,
X-DOI: 10.1080/09535314.2010.483224
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Template-Type: ReDIF-Article 1.0
Author-Name: Codrina Rada
Author-X-Name-First: Codrina
Author-X-Name-Last: Rada
Title: FORMAL AND INFORMAL SECTORS IN CHINA AND INDIA
Abstract:
This paper discusses the estimation of a social accounting matrix that
distinguishes between formal and informal activities for China and India
for 2000 and 1998-99 respectively. Wage shares for formal/informal
employment in China and net domestic product shares for
organized/unorganized sectors in India are used as weights to calculate
the size of the two sectors. The proposed methodology is a first step
towards an integrated approach to account for the dualism of many
economies in the developing world. The results can serve as data input for
any policy-driven CGE model for developing countries.
Journal: Economic Systems Research
Pages: 129-153
Issue: 2
Volume: 22
Year: 2010
Keywords: Informal sector, Social accounting matrix, Comparative economic systems, China, India,
X-DOI: 10.1080/09535314.2010.482924
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:2:p:129-153
Template-Type: ReDIF-Article 1.0
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Charlie Benrimoj
Author-X-Name-First: Charlie
Author-X-Name-Last: Benrimoj
Author-Name: Bob Kotic
Author-X-Name-First: Bob
Author-X-Name-Last: Kotic
Title: INPUT-OUTPUT ANALYSIS FOR BUSINESS PLANNING: A CASE STUDY OF THE UNIVERSITY OF SYDNEY
Abstract:
We present a multi-region input-output (MRIO) model of the University of
Sydney embedded in the Australian economy, which forms the centrepiece of
a new data-driven framework for strategic forecasting and planning of the
University's financial operations. This framework incorporates both
Leontief's well-known demand-pull, as well as Ghosh's supply-push
exercise. It is therefore able to estimate the immediate financial
implications for the University, and the economy-wide flow-on effects, for
example as a result of changes in demand for courses by students, or as a
result of supply-side changes such as wage increases. We report on recent
scenario studies on the financial performance of the teaching and research
functions of the University, and the lessons learned for management
practice.
Journal: Economic Systems Research
Pages: 155-179
Issue: 2
Volume: 22
Year: 2010
Keywords: IO enterprise model, Demand-pull, Supply-push, Structural path analysis, University finance, Teaching versus research,
X-DOI: 10.1080/09535314.2010.484012
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.484012
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:2:p:155-179
Template-Type: ReDIF-Article 1.0
Author-Name: Ayu Washizu
Author-X-Name-First: Ayu
Author-X-Name-Last: Washizu
Author-Name: Satoshi Nakano
Author-X-Name-First: Satoshi
Author-X-Name-Last: Nakano
Title: ON THE ENVIRONMENTAL IMPACT OF CONSUMER LIFESTYLES - USING A JAPANESE ENVIRONMENTAL INPUT-OUTPUT TABLE AND THE LINEAR EXPENDITURE SYSTEM DEMAND FUNCTION
Abstract:
In this study, we undertake some hypothetical experiments and predict the
environmental effects of some changes in consumer behavior, using the
Japanese Input-Output Table and the Family Income and Expenditure Survey
for 2000. We estimate the demand function in a linear expenditure system
(LES) and attempt to determine how changes in consumer behavior affect the
environmental load induced by household consumption, using the
'willingness to pay' concept. Furthermore, we define an index to show the
eco-efficiency of consumer behavior. Through such a study, we can
determine what action is appropriate for a 'sustainable consumption'
society. If some change of consumer behavior greatly improved utility
while increasing the environmental load, then technological progress to
reduce the environmental load must be stimulated. However, if other
changes in consumer behavior increase the environmental load while not
improving utility very much, then such changes should be strongly
discouraged.
Journal: Economic Systems Research
Pages: 181-192
Issue: 2
Volume: 22
Year: 2010
Keywords: Sustainable consumption, Environmental household account, CO2 emission score, Eco-efficiency,
X-DOI: 10.1080/09535314.2010.488218
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:2:p:181-192
Template-Type: ReDIF-Article 1.0
Author-Name: Paul de Boer
Author-X-Name-First: Paul
Author-X-Name-Last: de Boer
Author-Name: Marco Missaglia
Author-X-Name-First: Marco
Author-X-Name-Last: Missaglia
Title: PREDICTING NEGATIVE EFFECTS OF THE SECOND INTIFADA: AN EX-POST EVALUATION OF SOME MODELS
Abstract:
In 2003, the World Bank (WB), the International Monetary Fund (IMF) and
de Boer and Missaglia (DBM) constructed models for the estimation of the
2002 macro-economic indicators of the economy of Palestine. In 2007, IMF
and WB provided the consensus estimates of these figures using data that
are more up-to-date and more complete than those available in 2003. This
note proposes an ex-post evaluation of the predictive performance of the
models of WB, DBM and IMF. A comparison of the models of WB and DBM, which
are both micro-founded computable general equilibrium models using the
same data, reveals that DBM strongly outperforms WB. We argue that the
shortening of the time horizon and the quantity adjustment following the
dramatic shock explain why our model performs much better. A comparison of
DBM with IMF (a simple macro-founded income-expenditure model) also shows
that our model performs better.
Journal: Economic Systems Research
Pages: 193-199
Issue: 2
Volume: 22
Year: 2010
Keywords: Predictive performance, Macro-economic indicators, Palestine,
X-DOI: 10.1080/09535314.2010.484013
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.484013
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:2:p:193-199
Template-Type: ReDIF-Article 1.0
Author-Name: Ignazio Mongelli
Author-X-Name-First: Ignazio
Author-X-Name-Last: Mongelli
Author-Name: Frederik Neuwahl
Author-X-Name-First: Frederik
Author-X-Name-Last: Neuwahl
Author-Name: Jose Rueda-Cantuche
Author-X-Name-First: Jose
Author-X-Name-Last: Rueda-Cantuche
Title: INTEGRATING A HOUSEHOLD DEMAND SYSTEM IN THE INPUT-OUTPUT FRAMEWORK. METHODOLOGICAL ASPECTS AND MODELLING IMPLICATIONS
Abstract:
In this paper we argue that an accurate representation of household
consumption behaviour is central to the analysis and comparison of policy
interventions addressing sustainable consumption. Therefore, we propose to
extend an input-output model with a specific household consumption model,
at the core of which is a system of equations explaining the allocation of
the households' overall expenditure across different purposes, such as
buying food, the consumption of fuel for heating or electricity for
cooling, education of children or travelling in terms of total expenditure
and relative prices. This paper shows that the integration of a specific
module for household consumption in a standard input-output model is an
improvement for the analysis of the policies aimed at altering consumer
behaviour.
Journal: Economic Systems Research
Pages: 201-222
Issue: 3
Volume: 22
Year: 2010
Keywords: Sustainable consumption analysis, Econometric input-output model, Household demand system, Consumption technology, Purchasers' versus basic prices,
X-DOI: 10.1080/09535314.2010.501428
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:3:p:201-222
Template-Type: ReDIF-Article 1.0
Author-Name: Jose San Cristobal
Author-X-Name-First: Jose
Author-X-Name-Last: San Cristobal
Title: AN ENVIRONMENTAL/INPUT-OUTPUT LINEAR PROGRAMMING MODEL TO REACH THE TARGETS FOR GREENHOUSE GAS EMISSIONS SET BY THE KYOTO PROTOCOL
Abstract:
The Kyoto Protocol contains legally binding targets for greenhouse gas
(GHG) emissions for industrialized countries. The importance of this
agreement and the elaboration of a climate change policy make it necessary
to define and establish national policy measures and to bring into force
environmental regulations that will reduce GHG emissions. Extending our
knowledge of the economic-ecologic relationships that exist within the
production sphere can assist in defining and implementing successful
environmental policies. In this paper, an Environmental/Input-Output
linear programming model is proposed. To develop the model we consider the
input-output model as a linear programming problem combining two types of
restrictions: environmental restrictions establishing GHG emission
targets, and economic restrictions. The model shows how targets for the
emissions of GHGs may be reached and can affect production activity
composition.
Journal: Economic Systems Research
Pages: 223-236
Issue: 3
Volume: 22
Year: 2010
Keywords: Greenhouse gases, Kyoto Protocol, Environment, Input-Output,
X-DOI: 10.1080/09535314.2010.495709
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:3:p:223-236
Template-Type: ReDIF-Article 1.0
Author-Name: Wolfgang Koller
Author-X-Name-First: Wolfgang
Author-X-Name-Last: Koller
Author-Name: Robert Stehrer
Author-X-Name-First: Robert
Author-X-Name-Last: Stehrer
Title: TRADE INTEGRATION, OUTSOURCING AND EMPLOYMENT IN AUSTRIA: A DECOMPOSITION APPROACH
Abstract:
Outsourcing and trade integration of advanced countries is debated with
respect to employment effects, in particular for low educated workers - at
least in relative terms. We study the employment effects - differentiated
by educational attainment levels - of changes in the patterns of trade
integration and outsourcing in the Austrian economy over the periods
1995-2000 and 2000-2005 using hierarchical decomposition analysis based on
deflated input-output tables. Outsourcing is modeled as changes in the
shares of domestically produced intermediates in total intermediates. A
similar decomposition of the final demand vector allows us to draw
conclusions on the overall employment effects of trade integration. The
results suggest that the expected negative employment effects of
outsourcing and rising import penetration have been overcompensated by
increasing exports. Thus, the overall employment effects of Austrian trade
integration have been positive for all educational attainment groups.
However, whereas the total effects have been strongest for medium and high
educated workers over the period 1995-2000, employment of low educated
workers have been strongest and positively affected over the period
2000-2005. This pattern can be explained by a more sluggish export
performance together with stronger negative effects of outsourcing and
import penetration in medium and high-skill intensive products.
Journal: Economic Systems Research
Pages: 237-261
Issue: 3
Volume: 22
Year: 2010
Keywords: Outsourcing, Employment, Hierarchical decomposition, Input-output modeling,
X-DOI: 10.1080/09535314.2010.493504
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:3:p:237-261
Template-Type: ReDIF-Article 1.0
Author-Name: Alex Smajgl
Author-X-Name-First: Alex
Author-X-Name-Last: Smajgl
Author-Name: Ludwig Liagre
Author-X-Name-First: Ludwig
Author-X-Name-Last: Liagre
Title: ANALYSING IMPLICATIONS OF LIMITED WATER AVAILABILITY FOR GREAT BARRIER REEF CATCHMENTS
Abstract:
Dependence on water is one of the factors that can determine regional
vulnerability in Australia. Climate change is predicted to change rainfall
patterns in the Great Barrier Reef (GBR) region, and scarce water
resources have the potential to make regional Queensland economies
increasingly vulnerable. Understanding which economic sectors depend on
water as an input factor helps in understanding sectoral and regional
vulnerability, and thus in guiding regional policy aimed at structural
change. Using a regional Queensland Input-Output (IO) model, this paper
integrates water consumption of the GBR region and then compares monetary
IO multipliers with water consumption multipliers. We argue that these IO
multipliers can inform regional decision makers about potential future
regional vulnerability by taking into account limited water resources.
Journal: Economic Systems Research
Pages: 263-277
Issue: 3
Volume: 22
Year: 2010
Keywords: Input-output modelling, Water consumption multipliers, Water resource management,
X-DOI: 10.1080/09535314.2010.496447
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.496447
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:3:p:263-277
Template-Type: ReDIF-Article 1.0
Author-Name: Fernando Salgueiro Perobelli
Author-X-Name-First: Fernando Salgueiro
Author-X-Name-Last: Perobelli
Author-Name: Eduardo Amaral Haddad
Author-X-Name-First: Eduardo Amaral
Author-X-Name-Last: Haddad
Author-Name: Jaime Bonet Moron
Author-X-Name-First: Jaime Bonet
Author-X-Name-Last: Moron
Author-Name: Geoffrey Hewings
Author-X-Name-First: Geoffrey
Author-X-Name-Last: Hewings
Title: STRUCTURAL INTERDEPENDENCE AMONG COLOMBIAN DEPARTMENTS
Abstract:
This paper analyzes structural interdependence among Colombian
departments. The results show that Bogota has a large influence on the
other regional economies through the power of its purchases. Additionally,
a center-periphery pattern emerges in the spatial concentration of the
effects of the hypothetical extraction of any territory. From a policy
point of view, the main findings reaffirm the role played by Bogota in the
recent polarization process observed in the regional economies in
Colombia. Any policy action oriented to reduce these regional disparities
should take into account that, given the structural interdependence among
Colombian departments, the effects of new investment in the lagged regions
would flow through Bogota and the major regional economies.
Journal: Economic Systems Research
Pages: 279-300
Issue: 3
Volume: 22
Year: 2010
Keywords: Input-output, Extraction method, Colombia,
X-DOI: 10.1080/09535314.2010.510467
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.510467
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:3:p:279-300
Template-Type: ReDIF-Article 1.0
Author-Name: Utz-Peter Reich
Author-X-Name-First: Utz-Peter
Author-X-Name-Last: Reich
Title: The National Accounts as a Tool for Analysis and Policy: In View of History, Economic Theory and Data Compilation Issues
Abstract:
Journal: Economic Systems Research
Pages: 301-303
Issue: 3
Volume: 22
Year: 2010
X-DOI: 10.1080/09535314.2010.492776
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.492776
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:3:p:301-303
Template-Type: ReDIF-Article 1.0
Author-Name: Bart Los
Author-X-Name-First: Bart
Author-X-Name-Last: Los
Author-Name: Albert Steenge
Author-X-Name-First: Albert
Author-X-Name-Last: Steenge
Title: TOURISM STUDIES AND INPUT-OUTPUT ANALYSIS: INTRODUCTION TO A SPECIAL ISSUE
Abstract:
Journal: Economic Systems Research
Pages: 305-311
Issue: 4
Volume: 22
Year: 2010
X-DOI: 10.1080/09535314.2010.525741
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.525741
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:4:p:305-311
Template-Type: ReDIF-Article 1.0
Author-Name: Bjarne Madsen
Author-X-Name-First: Bjarne
Author-X-Name-Last: Madsen
Author-Name: Jie Zhang
Author-X-Name-First: Jie
Author-X-Name-Last: Zhang
Title: TOWARDS A NEW FRAMEWORK FOR ACCOUNTING AND MODELLING THE REGIONAL AND LOCAL IMPACTS OF TOURISM
Abstract:
We identify four different approaches to estimate the regional and local
impacts of tourism based on national accounts and economic modelling: The
supply approach, the simple demand or commodity approach, the simple
satellite account approach involving tourism satellite accounts based on
social accounting, and the extended satellite account approach. Based upon
a general interregional quantity model for tourism, empirical evidence on
the impacts of tourism on 98 Danish municipalities is presented. We
conclude that the four approaches give very different results, both in
absolute and in relative terms.
Journal: Economic Systems Research
Pages: 313-340
Issue: 4
Volume: 22
Year: 2010
Keywords: Tourism satellite accounts, Model evaluation, Regional impacts, Social accounting matrix, Denmark,
X-DOI: 10.1080/09535314.2010.529067
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.529067
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:4:p:313-340
Template-Type: ReDIF-Article 1.0
Author-Name: Calvin Jones
Author-X-Name-First: Calvin
Author-X-Name-Last: Jones
Author-Name: Max Munday
Author-X-Name-First: Max
Author-X-Name-Last: Munday
Title: TOURISM SATELLITE ACCOUNTS FOR REGIONS? A REVIEW OF DEVELOPMENT ISSUES AND AN ALTERNATIVE
Abstract:
The extension of the tourism satellite account (TSA) to the regional
scale is an opportunity for regional policymakers to undertake consistent
and defensible analyses of the tourism economy and its interconnections
based upon high-quality and comparable data. However, limitations in the
TSA structure will need to be resolved before policy useful analysis can
become the rule rather than the exception. The paper reviews the
development of TSAs at sub-national levels and goes on to examine their
usefulness to policymakers, and how far problems with the framework can be
overcome in a practical manner.
Journal: Economic Systems Research
Pages: 341-358
Issue: 4
Volume: 22
Year: 2010
Keywords: Tourism Satellite Accounts, Sub-national level, Regional tourism economic accounts,
X-DOI: 10.1080/09535314.2010.526594
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.526594
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:4:p:341-358
Template-Type: ReDIF-Article 1.0
Author-Name: Albert Steenge
Author-X-Name-First: Albert
Author-X-Name-Last: Steenge
Author-Name: Annemieke Van De Steeg
Author-X-Name-First: Annemieke
Author-X-Name-Last: Van De Steeg
Title: TOURISM MULTIPLIERS FOR A SMALL CARIBBEAN ISLAND STATE; THE CASE OF ARUBA
Abstract:
In this paper, we study the importance of tourism for Aruba, a small
Caribbean island state within the Kingdom of The Netherlands. We present
an input-output table based on the National Accounts and the Tourism
Satellite Account for Aruba, with inbound tourism explicitly included, for
the year 1999. Several types of multipliers are discussed. Each multiplier
is relevant within a particular framework, but the choice between them is
not always obvious. This paper tries to clarify a number of issues in
their usage as they present themselves in the context of the study of
tourism in Aruba.
Journal: Economic Systems Research
Pages: 359-384
Issue: 4
Volume: 22
Year: 2010
Keywords: Tourism impacts, Island economy, Tourism Satellite Account, Input-output multipliers, Aruba,
X-DOI: 10.1080/09535314.2010.526926
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.526926
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:4:p:359-384
Template-Type: ReDIF-Article 1.0
Author-Name: Sarah Cline
Author-X-Name-First: Sarah
Author-X-Name-Last: Cline
Author-Name: Andrew Seidl
Author-X-Name-First: Andrew
Author-X-Name-Last: Seidl
Title: COMBINING NON-MARKET VALUATION AND INPUT-OUTPUT ANALYSIS FOR COMMUNITY TOURISM PLANNING: OPEN SPACE AND WATER QUALITY VALUES IN COLORADO, USA
Abstract:
We use a combination of non-market valuation and input-output approaches
to inform community scale planning for natural-resource based tourism
development in rural Colorado. Contingent behavior and trip expenditure
information are used in conjunction with IMPLAN input-output software to
simulate the likely regional economic effects of changes in local
environmental attributes. Visitor surveys reveal sensitivity to the amount
of ranch open space and local water quality resulting in discernable
regional economic effects should these valuable dimensions of the local
environment change. The likely total, direct, indirect, and induced
effects and implications on local residents and tourists of a sales tax,
mill levy, and hotel occupancy ('bed') tax to preserve ranch open space
and maintain local water quality are simulated. The losses offset from
maintaining environmental quality are found to significantly outweigh the
regional impacts of any of the tax policies.
Journal: Economic Systems Research
Pages: 385-405
Issue: 4
Volume: 22
Year: 2010
Keywords: Non-market valuation, Input-output analysis, Local environmental change, Tourism planning,
X-DOI: 10.1080/09535314.2010.525740
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.525740
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:4:p:385-405
Template-Type: ReDIF-Article 1.0
Author-Name: Mara Manente
Author-X-Name-First: Mara
Author-X-Name-Last: Manente
Author-Name: Michele Zanette
Author-X-Name-First: Michele
Author-X-Name-Last: Zanette
Title: MACROECONOMIC EFFECTS OF A VAT REDUCTION IN THE ITALIAN HOTELS & RESTAURANTS INDUSTRY
Abstract:
The paper tests the effects on the Italian economy of a fiscal measure
aimed at lowering the VAT rate from 10% to 5% in the Italian 'Hotels and
Restaurants' sector. The analysis focuses first on the impacts in terms of
tourism consumption, investments of the sector and public budget.
Thereafter, by means of a multiregional-multisectoral input-output model,
the increase on the total employment levels by sector and by region has
been estimated. Based on a tourism demand elasticity of -1.06 and a supply
elasticity of 2.0, tourist nights would increase by a maximum of 3.15% and
total tourism consumption by 4.4%, while gross fixed investments by the
sector would increase by 2.17%. As for the budget constraint, we have
calculated the final 'cost' of the fiscal measure for the Treasury.
Concerning the macroeconomic effects in terms of employment, the fiscal
measure would produce a total increase of almost 100,000 jobs (expressed
in fulltime equivalents).
Journal: Economic Systems Research
Pages: 407-425
Issue: 4
Volume: 22
Year: 2010
Keywords: Tourism policy, Tax policy, Value Added Tax, Input-output model,
X-DOI: 10.1080/09535314.2010.526927
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.526927
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:4:p:407-425
Template-Type: ReDIF-Article 1.0
Author-Name: Ya-Yen Sun
Author-X-Name-First: Ya-Yen
Author-X-Name-Last: Sun
Author-Name: Kam-Fai Wong
Author-X-Name-First: Kam-Fai
Author-X-Name-Last: Wong
Title: AN IMPORTANT FACTOR IN JOB ESTIMATION: A NONLINEAR JOBS-TO-SALES RATIO WITH RESPECT TO CAPACITY UTILIZATION
Abstract:
Many tools for economic impact evaluation, such as input-output models
and computable general equilibrium models, rely on the jobs-to-sales ratio
(JSR) to convert direct, indirect and induced effects of sales into
employment. For service sectors, this ratio is strongly influenced by
capacity utilization and exhibits a non-linear pattern, especially for
short-term tourism applications that involve dramatic demand fluctuations
as a consequence of mega events, natural disasters or societal
instability. The purpose of this study is to decompose the relationship
between capacity utilization and the JSR so that the underlying factors
that cause the instability of JSR can be identified. Time-series data from
the Taiwanese tourist hotels and aviation sectors are adopted to discuss
the strength of the relations between price per unit and capacity
utilization, total employee numbers and utilization, service capacity and
utilization, and labor efficiency and utilization, respectively. The
results indicate that the adjustment of labor efficiency is the prominent
factor in determining the stability of the jobs-to-sales ratio, while
price, to employee number and service capacity are relatively stable in
response to demand, leading to changing JSRs.
Journal: Economic Systems Research
Pages: 427-446
Issue: 4
Volume: 22
Year: 2010
Keywords: Capacity utilization, Jobs-to-sales ratio, Accommodation sector, Aviation sector, Input-output analysis,
X-DOI: 10.1080/09535314.2010.526595
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.526595
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:4:p:427-446
Template-Type: ReDIF-Article 1.0
Author-Name: Viveka Palm
Author-X-Name-First: Viveka
Author-X-Name-Last: Palm
Title: BOOK REVIEW
Abstract:
Journal: Economic Systems Research
Pages: 447-448
Issue: 4
Volume: 22
Year: 2010
X-DOI: 10.1080/09535314.2010.497356
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.497356
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Handle: RePEc:taf:ecsysr:v:22:y:2010:i:4:p:447-448
Template-Type: ReDIF-Article 1.0
Author-Name: Masako Tsujimura
Author-X-Name-First: Masako
Author-X-Name-Last: Tsujimura
Author-Name: Kazusuke Tsujimura
Author-X-Name-First: Kazusuke
Author-X-Name-Last: Tsujimura
Title: BALANCE SHEET ECONOMICS OF THE SUBPRIME MORTGAGE CRISIS
Abstract:
As Copeland (1947; 1952) demonstrated with his money-flows accounts more
than half a century ago, the balance sheets of economic entities are
closely interrelated through a lender-borrower relationship. This paper is
an attempt to describe the US subprime mortgage crisis in the framework of
'balance sheet economics', which was originally proposed by Stone (1966)
and Klein (1977; 1983). Since it is almost impossible to collect all the
balance sheets of economic entities, we use flow-of-funds accounts instead
to simulate the negative consequences resulting from home mortgage
delinquencies. We show that the pass-through sequence converges when the
original delinquency is made up by loss of net worth in any of the
economic entities. Most of the eventual loss is incurred by 'Households
and Nonprofit Organizations' and 'Rest of the World'. A portion of
pass-through loss is eventually incurred by foreign countries with excess
external assets, such as Japan, Ireland, etc.
Journal: Economic Systems Research
Pages: 1-25
Issue: 1
Volume: 23
Year: 2011
Keywords: Flow-of-funds accounts, Leontief inverse, Lender-borrower relationship,
X-DOI: 10.1080/09535314.2010.523414
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.523414
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Template-Type: ReDIF-Article 1.0
Author-Name: Edgar Hertwich
Author-X-Name-First: Edgar
Author-X-Name-Last: Hertwich
Title: THE LIFE CYCLE ENVIRONMENTAL IMPACTS OF CONSUMPTION
Abstract:
This paper reviews assessments of environmental impacts arising from
consumption, taking into account the production and disposal of goods
consumed. Assessments have mostly focused on understanding household
consumption, but there is an increasing interest in understanding
government consumption, as well as in the treatment of gross capital
formation and trade. National economic and environmental accounts are the
most frequently used data source for such studies and input-output
techniques are usually applied. For many OECD countries and a few
developing countries, assessments address only energy or greenhouse gas
emissions. Few studies address a broader range of emissions-related
environmental impacts. There is a lack of consideration for important
pressures on ecosystems such as habitat change and overexploitation of
fisheries and forests. In all countries, housing and food are important.
In poor countries, public services can contribute substantially, while in
rich countries, mobility and the consumption of manufactured goods is
important. In rapidly developing economies, investments, especially in
infrastructure and buildings, are important causes of environmental
pressure as well. Differences in production conditions and pollution
intensities across countries are substantial, so explicitly modelling the
production of internationally traded goods using multi-regional
input-output analysis is necessary to account correctly for the
environmental impacts arising from the consumption of imported goods.
Journal: Economic Systems Research
Pages: 27-47
Issue: 1
Volume: 23
Year: 2011
Keywords: Household environmental impact, Product policy, Environmentally extended input-output analysis,
X-DOI: 10.1080/09535314.2010.536905
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.536905
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:1:p:27-47
Template-Type: ReDIF-Article 1.0
Author-Name: Nicola Smith
Author-X-Name-First: Nicola
Author-X-Name-Last: Smith
Author-Name: Garry McDonald
Author-X-Name-First: Garry
Author-X-Name-Last: McDonald
Title: ESTIMATION OF SYMMETRIC INPUT-OUTPUT TABLES: AN EXTENSION TO BOHLIN AND WIDELL
Abstract:
This paper presents two optimisation models for use in the production of
symmetric input-output tables (SIOTs) based on data contained within
supply-use tables (SUTs). The first model produces commodity-by-commodity
SIOTs derived from the selection of appropriate technology assumptions,
while the second produces industry-by-industry SIOTs derived through the
selection of appropriate sales structure assumptions. Both models address
the problem of negative coefficients and also permit the use of
rectangular SUTs as base input data. Additionally, this paper explores the
development of a 'comprehensive model' enabling production of both
commodity-by-commodity and industry-by-industry SIOTs that are
conceptually and mathematically consistent.
Journal: Economic Systems Research
Pages: 49-72
Issue: 1
Volume: 23
Year: 2011
Keywords: Input-output model, Technology assumptions, Sales structure assumptions, Optimisation,
X-DOI: 10.1080/09535314.2010.534977
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.534977
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:1:p:49-72
Template-Type: ReDIF-Article 1.0
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Title: AGGREGATION VERSUS DISAGGREGATION IN INPUT-OUTPUT ANALYSIS OF THE ENVIRONMENT
Abstract:
Analysts carrying out input-output analyses of environmental issues are
often plagued by environmental and input-output data existing in different
classifications, with environmentally sensitive sectors sometimes being
aggregated in the economic input-output database. In principle there are
two alternatives for dealing with such misalignment: either environmental
data have to be aggregated into the input-output classification, which
entails an undesirable loss of information, or input-output data have to
be disaggregated based on fragmentary information. In this article, I show
that disaggregation of input-output data, even if based on few real data
points, is superior to aggregating environmental data in determining
input-output multipliers. This is especially true if the disaggregated
sectors are heterogeneous with respect to their economic and environmental
characteristics. The results of this work may help analysts in
understanding that disaggregation based on even a small amount of proxy
information can improve the accuracy of input-output multipliers
significantly. Perhaps, these results will also provide encouragement for
preferring model disaggregation to aggregation in future work.
Journal: Economic Systems Research
Pages: 73-89
Issue: 1
Volume: 23
Year: 2011
Keywords: Aggregation, Disaggregation, Environmentally-extended input-output analysis, Stochastic experiments,
X-DOI: 10.1080/09535314.2010.548793
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.548793
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:1:p:73-89
Template-Type: ReDIF-Article 1.0
Author-Name: Umed Temurshoev
Author-X-Name-First: Umed
Author-X-Name-Last: Temurshoev
Author-Name: Colin Webb
Author-X-Name-First: Colin
Author-X-Name-Last: Webb
Author-Name: Norihiko Yamano
Author-X-Name-First: Norihiko
Author-X-Name-Last: Yamano
Title: PROJECTION OF SUPPLY AND USE TABLES: METHODS AND THEIR EMPIRICAL ASSESSMENT
Abstract:
We present eight existing projection methods and test their relative
performance in estimating Supply and Use tables (SUTs) of the Netherlands
and Spain. Some of the methods presented have received little attention in
the literature, and some have been slightly revised to better deal with
negative elements and preserve the signs of original matrix entries. We
find that (G)RAS and the methods proposed by Harthoorn and van Dalen
(1987) and Kuroda (1988) produce the best estimates for the data in
question. Their relative success also suggests the stability of ratios of
larger transactions.
Journal: Economic Systems Research
Pages: 91-123
Issue: 1
Volume: 23
Year: 2011
Keywords: Supply, Use, Updating techniques,
X-DOI: 10.1080/09535314.2010.534978
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.534978
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:1:p:91-123
Template-Type: ReDIF-Article 1.0
Author-Name: Ines Costa
Author-X-Name-First: Ines
Author-X-Name-Last: Costa
Title: The Dynamics of Regions and Networks in Industrial Ecosystems
Abstract:
Journal: Economic Systems Research
Pages: 125-129
Issue: 1
Volume: 23
Year: 2011
X-DOI: 10.1080/09535314.2010.524885
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.524885
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:1:p:125-129
Template-Type: ReDIF-Article 1.0
Author-Name: Glen Peters
Author-X-Name-First: Glen
Author-X-Name-Last: Peters
Author-Name: Robbie Andrew
Author-X-Name-First: Robbie
Author-X-Name-Last: Andrew
Author-Name: James Lennox
Author-X-Name-First: James
Author-X-Name-Last: Lennox
Title: CONSTRUCTING AN ENVIRONMENTALLY-EXTENDED MULTI-REGIONAL INPUT-OUTPUT TABLE USING THE GTAP DATABASE
Abstract:
The use of Multi-Regional Input-Output Analysis (MRIOA) for understanding
global environmental problems is growing rapidly. Renewed interest in
MRIOA has led to several large research projects focused on constructing
detailed and accurate MRIOTs. However, very few researchers have made use
of the already available and regularly updated database produced by the
Global Trade Analysis Project (GTAP). We demonstrate and discuss how the
GTAP database can be converted into an MRIOT without the need for
additional balancing. An illustrative example uses the GTAP-MRIO to
reallocate carbon dioxide emissions from producing to consuming countries.
We suggest that an MRIOT that treats international transport exogenously
is adequate until more reliable data on international transport margins
and emissions are available. To focus resources and refine methods, a
concerted research effort is needed to compare the results of the
GTAP-MRIO model with the new MRIO datasets under development.
Journal: Economic Systems Research
Pages: 131-152
Issue: 2
Volume: 23
Year: 2011
Keywords: GTAP, Multi-region input-output analysis,
X-DOI: 10.1080/09535314.2011.563234
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2011.563234
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:2:p:131-152
Template-Type: ReDIF-Article 1.0
Author-Name: Stephen Casler
Author-X-Name-First: Stephen
Author-X-Name-Last: Casler
Title: COEFFICIENT CHANGE, PRICE EFFECTS, AND IMPLICIT ELASTICITIES: ESTIMATING MICROECONOMIC DETERMINANTS OVER TWO TIME PERIODS
Abstract:
This paper presents and estimates an input-output model in which input
coefficient changes are functions of changing prices. The model produces
results that mirror the characteristics of input demand functions based on
the model of cost minimization subject to producing a desired level of
output. It does not rely on the specification of a functional form for
input coefficients, and it does not require the use of assumptions
regarding the elasticity of substitution. Instead, it allows the actual
price and coefficient changes that occur between periods to identify the
implicit elasticities and own- and cross-price derivatives. Using this
model, it is shown how accurate measures of price effects, including the
full array of own and cross-elasticities of demand, can be estimated for
models comprising up to 15 sectors given data for only two time periods.
Journal: Economic Systems Research
Pages: 153-174
Issue: 2
Volume: 23
Year: 2011
Keywords: Input-output analysis, Structural decomposition, Input demand, Elasticity,
X-DOI: 10.1080/09535314.2011.572869
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2011.572869
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:2:p:153-174
Template-Type: ReDIF-Article 1.0
Author-Name: Richard Wood
Author-X-Name-First: Richard
Author-X-Name-Last: Wood
Title: CONSTRUCTION, STABILITY AND PREDICTABILITY OF AN INPUT-OUTPUT TIME-SERIES FOR AUSTRALIA
Abstract:
This paper documents the development of a time series of Australian
input-output tables. It describes the construction techniques employed in
order to overcome the major issues encountered. Environmentally important
processes were delineated using a range of detailed commodity data, thus
expanding the original tables from roughly 100 industries into a
temporally consistent 344 industries. Data confidentiality and
inconsistency were overcome using an iterative constrained optimisation
method called KRAS - a recent modification of RAS (Lenzen et al. 2006;
2007; 2009). The article concludes by analysing the stability of
input-output coefficients over time similar to work in Dietzenbacher and
Hoen (2006). The issue of stability of coefficients and multipliers was
investigated under the Leontief and Ghosh models of supply/demand.
Finally, the predictability of the models was examined under updated final
demand or primary inputs and over varying time scales.
Journal: Economic Systems Research
Pages: 175-211
Issue: 2
Volume: 23
Year: 2011
Keywords: Input-output analysis, Time series, Constrained optimisation, Stability, Predictability,
X-DOI: 10.1080/09535314.2011.564156
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2011.564156
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:2:p:175-211
Template-Type: ReDIF-Article 1.0
Author-Name: Kash Barker
Author-X-Name-First: Kash
Author-X-Name-Last: Barker
Author-Name: Claudio Rocco S.
Author-X-Name-First: Claudio
Author-X-Name-Last: Rocco S.
Title: EVALUATING UNCERTAINTY IN RISK-BASED INTERDEPENDENCY MODELING WITH INTERVAL ARITHMETIC
Abstract:
Several sources of uncertainty exist in the effort to quantify the
efficacy of preparedness decision-making in interdependent systems. For
the Inoperability Input-Output Model (IIM), a risk-based extension of the
traditional Leontief model, which describes the propagation of
inoperability throughout interconnected economic sectors, uncertainty is
manifested in parameters describing the strength of interdependencies
among sectors and in parameters describing the adverse impacts of a
disruptive event, among others. As the model is used to evaluate
preparedness options to reduce the impact of these disruptive events, such
uncertainty can impact decision-making efforts. This paper introduces
interval arithmetic as an approach for dealing with uncertainties in the
IIM when probability distributions are not known and only variable bounds
are available. Illustrative examples highlight the use of the approach as
well as a means to improve the evaluation and comparison of risk
management strategies in interdependent systems when only intervals are
known.
Journal: Economic Systems Research
Pages: 213-232
Issue: 2
Volume: 23
Year: 2011
Keywords: Inoperability input-output model, Interval arithmetic, Sensitivity, Uncertainty,
X-DOI: 10.1080/09535314.2011.572064
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2011.572064
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:2:p:213-232
Template-Type: ReDIF-Article 1.0
Author-Name: Gulay Gunluk-Senesen
Author-X-Name-First: Gulay
Author-X-Name-Last: Gunluk-Senesen
Author-Name: Umit Senesen
Author-X-Name-First: Umit
Author-X-Name-Last: Senesen
Title: DECOMPOSITION OF LABOUR DEMAND BY EMPLOYER SECTORS AND GENDER: FINDINGS FOR MAJOR EXPORTING SECTORS IN TURKEY
Abstract:
This paper attempts to provide insight into the likely impacts of the
current global crisis on employment in Turkey. As this crisis hits the
Turkish economy through a demand squeeze in the international market, our
focus is on the labour demand generated by major export sectors. The
decomposition of impacts with respect to gender is of particular interest
given the significant gender imbalances in the labour market. The findings
indicate that female (male) employment is most sensitive to wearing
apparel (trade) exports. In general, employment generation potentials of
major export sectors are found to be weaker for females and stronger in
agriculture, trade and finance, while they are very limited in
manufacturing for both genders.
Journal: Economic Systems Research
Pages: 233-253
Issue: 2
Volume: 23
Year: 2011
Keywords: Impact analysis, Gender, Labour demand, Multipliers,
X-DOI: 10.1080/09535314.2011.582031
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2011.582031
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:2:p:233-253
Template-Type: ReDIF-Article 1.0
Author-Name: Ferran Sancho
Author-X-Name-First: Ferran
Author-X-Name-Last: Sancho
Title: Designing Public Policies. An Approach Based on Multi-criteria Analysis and Computable General Equilibrium Modeling
Abstract:
Journal: Economic Systems Research
Pages: 255-257
Issue: 2
Volume: 23
Year: 2011
X-DOI: 10.1080/09535314.2010.541229
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2010.541229
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:2:p:255-257
Template-Type: ReDIF-Article 1.0
Author-Name: Christian Lager
Author-X-Name-First: Christian
Author-X-Name-Last: Lager
Title: OBITUARY
Abstract:
Journal: Economic Systems Research
Pages: 259-260
Issue: 2
Volume: 23
Year: 2011
X-DOI: 10.1080/09535314.2011.569534
File-URL: http://www.tandfonline.com/doi/abs/10.1080/09535314.2011.569534
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:2:p:259-260
Template-Type: ReDIF-Article 1.0
Author-Name: Jos� M. Rueda-Cantuche
Author-X-Name-First: Jos� M.
Author-X-Name-Last: Rueda-Cantuche
Title: ECONOMETRIC ANALYSIS OF EUROPEAN CARBON DIOXIDE EMISSIONS BASED ON RECTANGULAR SUPPLY-USE TABLES
Abstract:
This paper formalises the so-called Supply-Use Based Econometric (SUBE)
approach that allows for the introduction of econometric analysis in the
calculation of backward input--output multipliers of the Leontief-type
quantity model, using rectangular supply and use tables. The SUBE approach
does not require any kind of inverse matrix and incorporates the
traditional approach (with square supply-use tables) as a particular case.
The empirical analysis shows that the SUBE carbon dioxide multipliers for
the EU27 are considerably lower than those obtained by the traditional
Leontief inverse. In an application of the SUBE approach, the European
economy appears to emit about 10% less carbon dioxide than in a situation
in which it would not import any intermediate inputs from outside the
EU27.
Journal: Economic Systems Research
Pages: 261-280
Issue: 3
Volume: 23
Year: 2011
Month: 5
X-DOI: 10.1080/09535314.2011.604768
File-URL: http://hdl.handle.net/10.1080/09535314.2011.604768
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:3:p:261-280
Template-Type: ReDIF-Article 1.0
Author-Name: Faye Duchin
Author-X-Name-First: Faye
Author-X-Name-Last: Duchin
Author-Name: Stephen H. Levine
Author-X-Name-First: Stephen H.
Author-X-Name-Last: Levine
Title: SECTORS MAY USE MULTIPLE TECHNOLOGIES SIMULTANEOUSLY: THE RECTANGULAR CHOICE-OF-TECHNOLOGY MODEL WITH BINDING FACTOR CONSTRAINTS
Abstract:
We develop the rectangular choice-of-technology model with factor
constraints, or RCOT, a linear programming input--output model for
analysis of the economy of a single region. It allows for one or more
sectors to operate more than one technology simultaneously, with the
relatively lowest-cost one supplemented by others if it encounters a
binding factor constraint. The RCOT model solves for sector outputs, goods
prices that are set by the highest-cost technologies in use, and scarcity
rents that correspond to binding factor constraints experienced by the
lower-cost technologies. The model is motivated by the fact that mineral
deposits of different qualities may be exploited simultaneously, as may
primary and recycled sources for the same materials or irrigated and
rain-fed techniques for producing the same crop. RCOT generalizes Carter's
square choice-of-technology model, in particular adding the factor
constraints that allow several alternatives to operate simultaneously. The
Appendix gives a numerical example.
Journal: Economic Systems Research
Pages: 281-302
Issue: 3
Volume: 23
Year: 2011
Month: 3
X-DOI: 10.1080/09535314.2011.571238
File-URL: http://hdl.handle.net/10.1080/09535314.2011.571238
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:3:p:281-302
Template-Type: ReDIF-Article 1.0
Author-Name: Asuka Yamakawa
Author-X-Name-First: Asuka
Author-X-Name-Last: Yamakawa
Author-Name: Glen P. Peters
Author-X-Name-First: Glen P.
Author-X-Name-Last: Peters
Title: STRUCTURAL DECOMPOSITION ANALYSIS OF GREENHOUSE GAS EMISSIONS IN NORWAY 1990--2002
Abstract:
The goal of this study is twofold: first, to quantify the economic
factors driving greenhouse gas emissions in Norway, and second, to assess
if random variations in the data affect the results. We use structural
decomposition analysis (SDA) with chained constant price input--output
tables and environmental extensions. We construct three sets of
constant-price data using a smoothing algorithm to remove random
variations from the data, and find that the results of the SDA are
relatively robust to these variations. The production of exports was
responsible for around 70% of the growth in greenhouse gas emissions from
1990 to 2002, household consumption of domestically produced products for
about 15%, government 10%, with the remainder due to gross capital
formation. The dominance of exports in the emissions growth may make
future greenhouse gas mitigation challenging in Norway, particularly
considering that the exports are dominated by oil and gas production.
Journal: Economic Systems Research
Pages: 303-318
Issue: 3
Volume: 23
Year: 2011
Month: 12
X-DOI: 10.1080/09535314.2010.549461
File-URL: http://hdl.handle.net/10.1080/09535314.2010.549461
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:3:p:303-318
Template-Type: ReDIF-Article 1.0
Author-Name: Ana-Isabel Guerra
Author-X-Name-First: Ana-Isabel
Author-X-Name-Last: Guerra
Author-Name: Ferran Sancho
Author-X-Name-First: Ferran
Author-X-Name-Last: Sancho
Title: REVISITING THE ORIGINAL GHOSH MODEL: CAN IT BE MADE MORE PLAUSIBLE?
Abstract:
We reconsider in this paper the alleged implausibility of Ghosh's model
and we do so reformulating the model to incorporate an alternative closure
rule. Our proposed closure rule is in line with the original allocation
rules defined by A. Ghosh. The closure solves, to some extent, the
implausibility problem that was pointed out by Oosterhaven, for then
value-added is correctly computed and responsive to allocation changes
resulting from supply shocks. Some numerical examples illustrate the
sectoral and aggregate consistency of the allocation equilibrium.
Journal: Economic Systems Research
Pages: 319-328
Issue: 3
Volume: 23
Year: 2011
Month: 2
X-DOI: 10.1080/09535314.2011.566261
File-URL: http://hdl.handle.net/10.1080/09535314.2011.566261
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:3:p:319-328
Template-Type: ReDIF-Article 1.0
Author-Name: Athena Belegri--roboli
Author-X-Name-First: Athena
Author-X-Name-Last: Belegri--roboli
Author-Name: Maria Markaki
Author-X-Name-First: Maria
Author-X-Name-Last: Markaki
Author-Name: Panayotis G. Michaelides
Author-X-Name-First: Panayotis G.
Author-X-Name-Last: Michaelides
Title: LABOUR PRODUCTIVITY CHANGES AND WORKING TIME: THE CASE OF GREECE
Abstract:
In terms of the annual hours worked per employee, Greece ranks first
among EU-15 countries and second among OECD countries. In this context,
the austerity measures it adopted (as suggested by the EU and IMF) imply,
among other things, a reduction in the over-hours. If such reductions were
not to be accompanied by increases in labour productivity, output would be
reduced considerably. This paper therefore addresses the question:
“What change in sectoral labour productivity levels would have been
required to deliver the actual change in final demands in Greece between
1995 and 2005, if working hours in each sector had been reduced to their
EU averages?” In this framework, we develop a methodology for
calculating labour productivity change by sector of economic activity in
an input--output context. Next, we apply it to the Greek economy for the
time period 1995--2005, the most recent period for which the required data
are available. We find that the required productivity changes are the most
substantial for the hotels and restaurants sector, followed by machinery
manufacturing and the trade sectors.
Journal: Economic Systems Research
Pages: 329-339
Issue: 3
Volume: 23
Year: 2011
Month: 6
X-DOI: 10.1080/09535314.2011.595777
File-URL: http://hdl.handle.net/10.1080/09535314.2011.595777
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:3:p:329-339
Template-Type: ReDIF-Article 1.0
Author-Name: Peter L. Daniels
Author-X-Name-First: Peter L.
Author-X-Name-Last: Daniels
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Steven J. Kenway
Author-X-Name-First: Steven J.
Author-X-Name-Last: Kenway
Title: THE INS AND OUTS OF WATER USE -- A REVIEW OF MULTI-REGION INPUT--OUTPUT ANALYSIS AND WATER FOOTPRINTS FOR REGIONAL SUSTAINABILITY ANALYSIS AND POLICY
Abstract:
This paper reviews current knowledge about water footprints (WFs) and the
role of input--output techniques. We first provide an overview of the
prevailing ‘bottom-up’, process-based methods and their
strengths and limitations. This overview leads to discussion of the
benefits of combining process-based water footprints with information from
input--output techniques. The central theme and proposition is that
environmental multi-region input--output analysis (E-MRIO) has a powerful
capacity to establish the geography of embodied water, and to complement
process-based approaches to WF by expanding their supply-chain coverage.
Combining process and input--output information provides valuable
information for a diverse set of water planning and water policy
objectives. A comprehensive and systematic outline of potential policy
applications of E-MRIO (and process analysis methods) is presented.
Journal: Economic Systems Research
Pages: 353-370
Issue: 4
Volume: 23
Year: 2011
Month: 10
X-DOI: 10.1080/09535314.2011.633500
File-URL: http://hdl.handle.net/10.1080/09535314.2011.633500
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:4:p:353-370
Template-Type: ReDIF-Article 1.0
Author-Name: Carlos López-Morales
Author-X-Name-First: Carlos
Author-X-Name-Last: López-Morales
Author-Name: Faye Duchin
Author-X-Name-First: Faye
Author-X-Name-Last: Duchin
Title: POLICIES AND TECHNOLOGIES FOR A SUSTAINABLE USE OF WATER IN MEXICO: A SCENARIO ANALYSIS
Abstract:
Water stress in Mexico is intimately linked to agriculture, as irrigation
claims 75% of national water withdrawals. The Mexican mix of irrigation
technologies is dominated by flood techniques, utilized on 93% of
irrigated land, while drip and sprinkler systems, both with higher
application efficiencies, are utilized on only 7% of irrigated land. This
paper examines the extent to which government policies can induce the
adoption of alternative irrigation technologies to promote a sustainable
pattern of water withdrawals. The framework is an inter-regional
input--output model formulated as a linear program that solves for
cost-minimizing allocations of output that are constrained by regional
factor availability. The model features endogenous choice among
alternative agricultural technologies and determines commodity prices
based on factor costs and on scarcity rents for limiting factors of
production. The study defines and quantifies sustainable endowments of
water at the regional level and analyzes scenarios that combine fees or
caps on water withdrawals with the availability of alternative irrigation
technologies. We find that water policies can induce technology adoption
to achieve water sustainability, although the national price of
agricultural output rises 5% to 8% relative to baseline levels.
Furthermore, pricing water for irrigation can generate enough public
revenue for the government to cover the full costs of technology adoption.
Journal: Economic Systems Research
Pages: 387-407
Issue: 4
Volume: 23
Year: 2011
Month: 9
X-DOI: 10.1080/09535314.2011.635138
File-URL: http://hdl.handle.net/10.1080/09535314.2011.635138
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:4:p:387-407
Template-Type: ReDIF-Article 1.0
Author-Name: Ignacio Cazcarro
Author-X-Name-First: Ignacio
Author-X-Name-Last: Cazcarro
Author-Name: Rosa Duarte
Author-X-Name-First: Rosa
Author-X-Name-Last: Duarte
Author-Name: Julio Sanchez Choliz
Author-X-Name-First: Julio Sanchez
Author-X-Name-Last: Choliz
Author-Name: Cristina Sarasa
Author-X-Name-First: Cristina
Author-X-Name-Last: Sarasa
Title: WATER RATES AND THE RESPONSIBILITIES OF DIRECT, INDIRECT AND END-USERS IN SPAIN
Abstract:
Irrigation is the main user of water in Spain, and the price paid for
this resource has long been lower than its cost. The recent EU Water
Framework Directive requires that all costs be recovered, but application
has had perverse effects. In some cases, farms have become economically
unviable, while in others, cultivation has intensified and water
consumption has increased. This paper applies a slightly modified version
of the computable general equilibrium model developed by the International
Food Policy Research Institute (Lofgren et al., 2002), to a SAM (Social
Accounting Matrix) of the province of Huesca in north-eastern Spain. The
model disaggregates the agricultural sectors into irrigated and
unirrigated farming, taking into account the improvements in irrigation
efficiency. Within this framework, we analyse different payment scenarios
affecting direct users, exporters and end-users in order to examine user
responsibilities, the impact of international markets and macroeconomic
effects on agriculture and industry in Spain.
Journal: Economic Systems Research
Pages: 409-430
Issue: 4
Volume: 23
Year: 2011
Month: 8
X-DOI: 10.1080/09535314.2011.611794
File-URL: http://hdl.handle.net/10.1080/09535314.2011.611794
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:4:p:409-430
Template-Type: ReDIF-Article 1.0
Author-Name: Zhuoying Zhang
Author-X-Name-First: Zhuoying
Author-X-Name-Last: Zhang
Author-Name: Minjun Shi
Author-X-Name-First: Minjun
Author-X-Name-Last: Shi
Author-Name: Hong Yang
Author-X-Name-First: Hong
Author-X-Name-Last: Yang
Author-Name: Ashok Chapagain
Author-X-Name-First: Ashok
Author-X-Name-Last: Chapagain
Title: AN INPUT--OUTPUT ANALYSIS OF TRENDS IN VIRTUAL WATER TRADE AND THE IMPACT ON WATER RESOURCES AND USES IN CHINA
Abstract:
This study investigates the impacts of China's international trade on its
water resources and uses between 2002 and 2007. The results show a
significant increase in water use efficiency in most sectors, especially
the manufacturing sectors. However, the total net virtual water exported
increased by about 75%, from 39.0 × 10-super-9
m-super-3 to 68.2 × 10-super-9 m-super-3. The ratio of
net virtual water exports to the total water resources of the country
increased from 1.8% to 3.1%. In water-scarce North China, the ratio
increased from 3.6% to 5.1%, which indicates a growing water resources
pressure. The share of the net virtual water exports in the total water
use in China increased from 7% to 12%. The results suggest that China's
economic gains from intensifying international trade came with high costs
regarding its water resources.
Journal: Economic Systems Research
Pages: 431-446
Issue: 4
Volume: 23
Year: 2011
Month: 10
X-DOI: 10.1080/09535314.2011.636733
File-URL: http://hdl.handle.net/10.1080/09535314.2011.636733
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:4:p:431-446
Template-Type: ReDIF-Article 1.0
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Bart Los
Author-X-Name-First: Bart
Author-X-Name-Last: Los
Title: EDITORS' REPORT
Journal: Economic Systems Research
Pages: 447-448
Issue: 4
Volume: 23
Year: 2011
Month: 12
X-DOI: 10.1080/09535314.2011.634677
File-URL: http://hdl.handle.net/10.1080/09535314.2011.634677
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Handle: RePEc:taf:ecsysr:v:23:y:2011:i:4:p:447-448
Template-Type: ReDIF-Article 1.0
Author-Name: Jan Oosterhaven
Author-X-Name-First: Jan
Author-X-Name-Last: Oosterhaven
Title: ADDING SUPPLY-DRIVEN CONSUMPTION MAKES THE GHOSH MODEL EVEN MORE IMPLAUSIBLE
Abstract:
Guerra and Sancho (2011) argue that adding a supply-driven consumption
function to the Ghosh model diminishes its implausibility in the case of
centrally planned economies. Extending the Leontief model with a
demand-driven consumption function does make that model more realistic.
Extending the Ghosh model, however, makes it even more implausible in the
case of a market economy, while it becomes even more problematic as a
guide for a centrally planned economy. The prime reason is that
complementarities between inputs are negated, not only for firms, but now
also for households. Consequently, industry and aggregate output may now
increase, while corresponding value added decreases, and vice versa.
Journal: Economic Systems Research
Pages: 101-111
Issue: 1
Volume: 24
Year: 2012
Month: 10
X-DOI: 10.1080/09535314.2011.635137
File-URL: http://hdl.handle.net/10.1080/09535314.2011.635137
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:1:p:101-111
Template-Type: ReDIF-Article 1.0
Author-Name: Karen Turner
Author-X-Name-First: Karen
Author-X-Name-Last: Turner
Author-Name: Soo Jung Ha
Author-X-Name-First: Soo Jung
Author-X-Name-Last: Ha
Author-Name: Geoffrey J.D. Hewings
Author-X-Name-First: Geoffrey J.D.
Author-X-Name-Last: Hewings
Author-Name: Peter Mcgregor
Author-X-Name-First: Peter
Author-X-Name-Last: Mcgregor
Author-Name: Kim Swales
Author-X-Name-First: Kim
Author-X-Name-Last: Swales
Title: ECONOMETRIC ESTIMATION OF ARMINGTON IMPORT ELASTICITIES FOR A REGIONAL CGE MODEL OF THE ILLINOIS ECONOMY
Abstract:
One of the main concerns associated with the development and use of
regional CGE models is the determination of key parameter values,
particularly substitution and other price elasticities. A common problem
is the lack of appropriate regional data for econometric estimation.
Consequently, it is important to identify key parameters that are likely
to be important in determining quantitative results and then to prioritize
these for estimation where appropriate data are available. In this paper,
the focus is on the estimation of the regional trade (import) substitution
parameters, which tend to be important in analysis for regional economies
(given their openness to trade). Here, commodity import elasticities for
the Illinois economy are estimated and tested in a single region CGE model
of the Illinois economy. In our econometric estimation, we apply a model
that takes account of market size and distance in estimating the
substitutability between commodities produced in Illinois and other US
states.
Journal: Economic Systems Research
Pages: 1-19
Issue: 1
Volume: 24
Year: 2012
Month: 4
X-DOI: 10.1080/09535314.2011.645800
File-URL: http://hdl.handle.net/10.1080/09535314.2011.645800
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:1:p:1-19
Template-Type: ReDIF-Article 1.0
Author-Name: Manuel Alejandro Cardenete
Author-X-Name-First: Manuel Alejandro
Author-X-Name-Last: Cardenete
Author-Name: Ferran Sancho
Author-X-Name-First: Ferran
Author-X-Name-Last: Sancho
Title: THE ROLE OF SUPPLY CONSTRAINTS IN MULTIPLIER ANALYSIS
Abstract:
Multiplier analysis based upon the information contained in Leontief's
inverse is undoubtedly part of the core of the input--output methodology
and numerous applications and extensions have been developed that exploit
its informational content, both at the national and regional levels.
Nonetheless there are some implicit theoretical assumptions whose policy
implications need to be assessed. This is the case for the ‘excess
capacity’ assumption, which implies that resources are available as
needed to adjust production to new equilibrium states. In an actual
economy, however, new resources are often scarce and always costly. When
supply constraints intervene, the assessment of the effects of government
demand policies may be substantially different from that of the standard
Leontief multiplier matrix. Using a closed general equilibrium model that
incorporates supply constraints, we perform some simple numerical
exercises and proceed to derive two ‘constrained’ multiplier
matrices, based upon the implicit Jacobian matrix, that can be compared
with the standard ‘unconstrained’ Leontief matrix.
Journal: Economic Systems Research
Pages: 21-34
Issue: 1
Volume: 24
Year: 2012
Month: 6
X-DOI: 10.1080/09535314.2011.615824
File-URL: http://hdl.handle.net/10.1080/09535314.2011.615824
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:1:p:21-34
Template-Type: ReDIF-Article 1.0
Author-Name: Agnieszka Gehringer
Author-X-Name-First: Agnieszka
Author-X-Name-Last: Gehringer
Title: A NEW SECTORAL TAXONOMY BASED ON PECUNIARY KNOWLEDGE EXTERNALITIES: KNOWLEDGE INTERACTIONS IN A VERTICALLY INTEGRATED SYSTEM
Abstract:
The paper presents a new sectoral taxonomy that focuses on the existence
of non-negligible external effects that derive from user--producer
knowledge interactions. These are coupled with intermediate goods
transactions, in a system of vertically integrated manufacturing and
services sectors. These externalities, the so-called pecuniary knowledge
externalities, are the main source of changing technological conditions
experienced by downstream producers. A distinguishing feature of the
taxonomy lies in its derivation from a particularly dynamic context of
changing production functions. The taxonomy is empirically derived,
examining effects generated by technological knowledge in a system of
intermediate goods transactions and taking into account peculiar
characteristics of sectors in European economies. The results allow for a
classification of sectors in five groups. An analysis of these classes
confirms previous evidence that technological characteristics of sectors
across classes differ.
Journal: Economic Systems Research
Pages: 35-55
Issue: 1
Volume: 24
Year: 2012
Month: 12
X-DOI: 10.1080/09535314.2011.646959
File-URL: http://hdl.handle.net/10.1080/09535314.2011.646959
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:1:p:35-55
Template-Type: ReDIF-Article 1.0
Author-Name: Dimitrios Hristu-Varsakelis
Author-X-Name-First: Dimitrios
Author-X-Name-Last: Hristu-Varsakelis
Author-Name: Stella Karagianni
Author-X-Name-First: Stella
Author-X-Name-Last: Karagianni
Author-Name: Maria Pempetzoglou
Author-X-Name-First: Maria
Author-X-Name-Last: Pempetzoglou
Author-Name: Athanasios Sfetsos
Author-X-Name-First: Athanasios
Author-X-Name-Last: Sfetsos
Title: OPTIMIZING PRODUCTION IN THE GREEK ECONOMY: EXPLORING THE INTERACTION BETWEEN GREENHOUSE GAS EMISSIONS AND SOLID WASTE VIA INPUT--OUTPUT ANALYSIS
Abstract:
We explore an input--output based framework for optimizing production in
the Greek economy, under constraints relating to energy use, final demand,
greenhouse gas emissions and solid waste. Using empirical data, we
consider the effects on the maximum attainable gross value of production
when imposing various pollution abatement targets. Our results quantify
those effects as well as the magnitude of economic sacrifices required to
achieve environmental goals, in a series of policy scenarios of practical
importance. Because air pollution and solid waste are not produced
independently of one another, we identify the settings in which it is
meaningful to institute a separate policy for mitigating each pollutant,
versus those in which only one pollutant needs to be actively addressed.
The scenarios considered here represent a range of options that could be
available to policy makers, depending on the country's international
commitments and the effects on economic and environmental variables.
Journal: Economic Systems Research
Pages: 57-75
Issue: 1
Volume: 24
Year: 2012
Month: 3
X-DOI: 10.1080/09535314.2011.572065
File-URL: http://hdl.handle.net/10.1080/09535314.2011.572065
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:1:p:57-75
Template-Type: ReDIF-Article 1.0
Author-Name: Barun Deb Pal
Author-X-Name-First: Barun
Author-X-Name-Last: Deb Pal
Author-Name: Sanjib Pohit
Author-X-Name-First: Sanjib
Author-X-Name-Last: Pohit
Author-Name: Joyashree Roy
Author-X-Name-First: Joyashree
Author-X-Name-Last: Roy
Title: SOCIAL ACCOUNTING MATRIX FOR INDIA
Abstract:
This paper provides the latest Social Accounting Matrix (SAM) of the year
2003--2004 for the Indian economy with a wide variety of disaggregation
for the Energy sector and the sectors that are relevant for environmental
and climate policy evaluation. This SAM shows the interaction between
production, income, consumption and capital accumulation. It can be used
to provide an analysis of the interrelationship between the production
structure of an economy and the distribution of incomes and expenditures
of different household groups. In addition, it can be used for multiplier
analysis to capture direct, indirect and induced impact on input use due
to any exogenous changes in the economy. This SAM consists of 85 sectors
of the economy, three factors of production and nine categories of
occupational households. The Indian economy is becoming structurally
biased towards capital intensive sectors, such as service and energy
production. The energy production sector itself is the most energy
intensive sector as of 2003--2004.
Journal: Economic Systems Research
Pages: 77-99
Issue: 1
Volume: 24
Year: 2012
Month: 8
X-DOI: 10.1080/09535314.2011.618824
File-URL: http://hdl.handle.net/10.1080/09535314.2011.618824
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:1:p:77-99
Template-Type: ReDIF-Article 1.0
Author-Name: Kirsten S. Wiebe
Author-X-Name-First: Kirsten S.
Author-X-Name-Last: Wiebe
Author-Name: Martin Bruckner
Author-X-Name-First: Martin
Author-X-Name-Last: Bruckner
Author-Name: Stefan Giljum
Author-X-Name-First: Stefan
Author-X-Name-Last: Giljum
Author-Name: Christian Lutz
Author-X-Name-First: Christian
Author-X-Name-Last: Lutz
Title: CALCULATING ENERGY-RELATED CO2 EMISSIONS EMBODIED IN INTERNATIONAL TRADE USING A GLOBAL INPUT--OUTPUT MODEL
Abstract:
The Global Resource Accounting Model (GRAM) is an
environmentally-extended multi-regional input--output model, covering 48
sectors in 53 countries and two regions. Next to CO2 emissions,
GRAM also includes different resource categories. Using GRAM, we are able
to estimate the amount of carbon emissions embodied in international trade
for each year between 1995 and 2005. These results include all origins and
destinations of emissions, so that emissions can be allocated to countries
consuming the products that embody these emissions. Net-CO2
imports of OECD countries increased by 80% between 1995 and 2005. These
findings become particularly relevant, as the externalisation of
environmental burden through international trade might be an effective
strategy for industrialised countries to maintain high environmental
quality within their own borders, while externalising the negative
environmental consequences of their consumption processes to other parts
of the world. This paper focuses on the methodological aspects and data
requirements of the model, and shows results for selected countries and
aggregated regions.
Journal: Economic Systems Research
Pages: 113-139
Issue: 2
Volume: 24
Year: 2012
Month: 11
X-DOI: 10.1080/09535314.2011.643293
File-URL: http://hdl.handle.net/10.1080/09535314.2011.643293
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:2:p:113-139
Template-Type: ReDIF-Article 1.0
Author-Name: Harry C. Wilting
Author-X-Name-First: Harry C.
Author-X-Name-Last: Wilting
Title: SENSITIVITY AND UNCERTAINTY ANALYSIS IN MRIO MODELLING; SOME EMPIRICAL RESULTS WITH REGARD TO THE DUTCH CARBON FOOTPRINT
Abstract:
Environmental multi-regional input--output (MRIO) models require large
amounts of data that all have their specific uncertainties. This paper
presents a sensitivity and uncertainty analysis in order to gain an
understanding of the directions in which efforts should be made to reduce
these uncertainties. The analyses were carried out for an MRIO model to
calculate the Dutch carbon footprint. A sensitivity analysis of the
technical coefficients showed that changes in the coefficients in the
domestic blocks and in the Dutch import blocks had the largest effects on
the calculated footprint. The uncertainty analysis consisting of a Monte
Carlo simulation based on probability distributions around the model
coefficients showed a relatively low degree of uncertainty in the total
Dutch carbon footprint; uncertainties in the carbon emissions allocated to
regions, sectors and products were larger. Both analyses showed that, in
certain cases, it is justified to apply a partial MRIO analysis.
Journal: Economic Systems Research
Pages: 141-171
Issue: 2
Volume: 24
Year: 2012
Month: 9
X-DOI: 10.1080/09535314.2011.628302
File-URL: http://hdl.handle.net/10.1080/09535314.2011.628302
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:2:p:141-171
Template-Type: ReDIF-Article 1.0
Author-Name: Ana L.M. Sargento
Author-X-Name-First: Ana L.M.
Author-X-Name-Last: Sargento
Author-Name: Pedro Nogueira Ramos
Author-X-Name-First: Pedro Nogueira
Author-X-Name-Last: Ramos
Author-Name: Geoffrey J.D. Hewings
Author-X-Name-First: Geoffrey J.D.
Author-X-Name-Last: Hewings
Title: INTER-REGIONAL TRADE FLOW ESTIMATION THROUGH NON-SURVEY MODELS: AN EMPIRICAL ASSESSMENT
Abstract:
Inter-regional trade estimation has been pointed out as a crucial problem
when constructing a multiregional input--output system. Knowledge of
inter-regional trade flows, at least of the pooled volume of exports and
imports by commodity, is critical in accounting for important spillover
and feedback effects deriving from inter-regional linkages. However, in
most countries, there are no completely reliable survey-based statistics
on inter-regional trade. Thus, this paper intends to evaluate the
reasonability of using indirect inter-regional trade estimates, comparing
different estimating methods and assessing the sensitivity of the model
results. Based on our empirical comparisons we conclude that input--output
models are not greatly affected by the insertion of different trade
values. Thus, our results support the use of indirect estimates for
inter-regional trade, whenever survey-based data are unavailable.
Journal: Economic Systems Research
Pages: 173-193
Issue: 2
Volume: 24
Year: 2012
Month: 3
X-DOI: 10.1080/09535314.2011.574609
File-URL: http://hdl.handle.net/10.1080/09535314.2011.574609
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:2:p:173-193
Template-Type: ReDIF-Article 1.0
Author-Name: Danny Leung
Author-X-Name-First: Danny
Author-X-Name-Last: Leung
Author-Name: Oana Secrieru
Author-X-Name-First: Oana
Author-X-Name-Last: Secrieru
Title: REAL-FINANCIAL LINKAGES IN THE CANADIAN ECONOMY: AN INPUT--OUTPUT APPROACH
Abstract:
The recent financial crisis highlighted the importance of better
understanding the interaction between macroeconomic and financial
conditions. In this paper, we provide a financial social accounting matrix
for the Canadian economy and use it to assess the strength of
real-financial linkages by calculating and comparing multipliers with and
without endogenous financial flows. It is found that taking into account
financial flows increases the impact of a final demand shock on output by
4--11%. Moreover, between 2008 and 2009H1, the investment decisions of
financial institutions together with the fact that non-financial
institutions were unwilling or unable to increase their financial
liabilities led to estimated declines in all GDP multipliers. The impact
of a final demand shock on GDP declined 3--5%, while the impact of an
increase in the availability of investment funds fell 30% and 55% for
financial and non-financial corporations, respectively.† -super-†The views expressed in this paper are those
of the authors. No responsibility for them should be attributed to
Statistics Canada.
Journal: Economic Systems Research
Pages: 195-223
Issue: 2
Volume: 24
Year: 2012
Month: 9
X-DOI: 10.1080/09535314.2012.684345
File-URL: http://hdl.handle.net/10.1080/09535314.2012.684345
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:2:p:195-223
Template-Type: ReDIF-Article 1.0
Author-Name: Shigemi Kagawa
Author-X-Name-First: Shigemi
Author-X-Name-Last: Kagawa
Title: The Sustainability Practitioner's Guide to Input--Output Analysis
Journal: Economic Systems Research
Pages: 225-227
Issue: 2
Volume: 24
Year: 2012
Month: 6
X-DOI: 10.1080/09535314.2011.590126
File-URL: http://hdl.handle.net/10.1080/09535314.2011.590126
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:2:p:225-227
Template-Type: ReDIF-Article 1.0
Author-Name: Kazuo Ogawa
Author-X-Name-First: Kazuo
Author-X-Name-Last: Ogawa
Author-Name: Elmer Sterken
Author-X-Name-First: Elmer
Author-X-Name-Last: Sterken
Author-Name: Ichiro Tokutsu
Author-X-Name-First: Ichiro
Author-X-Name-Last: Tokutsu
Title: FINANCIAL DISTRESS AND INDUSTRY STRUCTURE: AN INTER-INDUSTRY APPROACH TO THE LOST DECADE IN JAPAN
Abstract:
This paper proposes a novel approach to investigating the propagation
mechanism of balance sheet deterioration in financial institutions and
firms, by extending the input--output analysis. First, we use a unique
input--output table augmented by firm size dimension. Second, we link the
input--output table with the balance sheet conditions of financial
institutions and firms. Based on Japanese input--output tables, we find
that the lending attitude of financial institutions affected firms’
input decision in the late 1990s and the early 2000s. Simulation exercises
are conducted to evaluate the effects of changes in the lending attitude
toward small firms as favorable as that toward large firms on sectoral
allocations. We find that output was increased for small firms and reduced
for large firms. The change in output was non-negligible, about 5.5% of
the initial output of each sector. In particular, it exceeded 20% in
textile, iron and steel and fabricated metal products.
Journal: Economic Systems Research
Pages: 229-249
Issue: 3
Volume: 24
Year: 2012
Month: 4
X-DOI: 10.1080/09535314.2012.687712
File-URL: http://hdl.handle.net/10.1080/09535314.2012.687712
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:3:p:229-249
Template-Type: ReDIF-Article 1.0
Author-Name: Graham Pyatt
Author-X-Name-First: Graham
Author-X-Name-Last: Pyatt
Author-Name: Jeffery I. Round
Author-X-Name-First: Jeffery I.
Author-X-Name-Last: Round
Title: DISTRIBUTIONAL INVARIANCE AND THE DESIGN OF SAMS
Abstract:
The decomposition of a matrix multiplier derived from a social accounting
matrix (SAM) by Pyatt and Round [(1979). Accounting and Fixed Price
Multipliers in a Social Accounting Matrix Framework. Economic
Journal, 89, 850--873] has prompted a number of subsequent
applications. In one of the earliest examples Stone [(1985). The
Disaggregation of the Household Sector in the National Accounts, Chapter
8. In: G. Pyatt and J.I. Round (eds.) Social Accounting Matrices:
A Basis for Planning. Washington, DC, The World Bank, 145--185]
made the intriguing observation that the higher order (circular) effects
of an exogenous change in final demand on the distribution of income and
the structure of production were more or less independent of the sectoral
composition of the initial injection. Our initial objective in this
article is to explore this phenomenon of distributional invariance and to
derive sufficient conditions for it. We then argue that these conditions
have important implications for the design of SAMs, for the taxonomies
they adopt and for levels of disaggregation, all of which strongly
condition the quality of results that can be generated
via subsequent modelling.
Journal: Economic Systems Research
Pages: 251-273
Issue: 3
Volume: 24
Year: 2012
Month: 2
X-DOI: 10.1080/09535314.2012.665359
File-URL: http://hdl.handle.net/10.1080/09535314.2012.665359
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:3:p:251-273
Template-Type: ReDIF-Article 1.0
Author-Name: Jiansuo Pei
Author-X-Name-First: Jiansuo
Author-X-Name-Last: Pei
Author-Name: Jan Oosterhaven
Author-X-Name-First: Jan
Author-X-Name-Last: Oosterhaven
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Title: HOW MUCH DO EXPORTS CONTRIBUTE TO CHINA'S INCOME GROWTH?
Abstract:
It is a widespread belief that exports, in particular of
‘high-tech’ products, contribute much to China's income
growth. This study addresses this issue by applying a structural
decomposition analysis to input--output (I--O) data. We employ two
extended I--O tables that distinguish processing trade from ordinary
exports. The contribution of exports to the value-added growth from 2002
to 2007 is found to be overestimated by 32% when standard I--O tables are
used rather than the extended I--O tables. Even more strikingly, the
value-added growth that may be attributed to the exports of
‘high-tech’ telecommunication products is overestimated by
no less than 63%. A serious overestimation of the contribution to income
growth of certain products (such as high-tech products) sends out
misleading signals to policymakers. When measured correctly, the true
contribution appears to be substantially smaller than is generally
believed to be.
Journal: Economic Systems Research
Pages: 275-297
Issue: 3
Volume: 24
Year: 2012
Month: 1
X-DOI: 10.1080/09535314.2012.660746
File-URL: http://hdl.handle.net/10.1080/09535314.2012.660746
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:3:p:275-297
Template-Type: ReDIF-Article 1.0
Author-Name: Bin Su
Author-X-Name-First: Bin
Author-X-Name-Last: Su
Author-Name: B. W. Ang
Author-X-Name-First: B. W.
Author-X-Name-Last: Ang
Title: STRUCTURAL DECOMPOSITION ANALYSIS APPLIED TO ENERGY AND EMISSIONS: AGGREGATION ISSUES
Abstract:
With the introduction of the environmentally extended input--output
(I--O) framework, traditional economic I--O modeling and analysis can be
conveniently adopted in energy and emission studies. Based on such an
extended framework, many empirical studies investigating the driving
forces of energy consumption and emission changes using structural
decomposition analysis have been reported. Three aggregation issues are
inherent in such decomposition studies, namely sector aggregation, spatial
aggregation and temporal aggregation. This study, as an extension of our
previous work on the first two issues, focuses on the third or temporal
aggregation. An empirical study using the emission data of China from 1997
to 2007 is presented to illustrate the problems involved. How to deal with
temporal aggregation and its possible interactions with the other two
aggregations is also discussed.
Journal: Economic Systems Research
Pages: 299-317
Issue: 3
Volume: 24
Year: 2012
Month: 3
X-DOI: 10.1080/09535314.2012.677997
File-URL: http://hdl.handle.net/10.1080/09535314.2012.677997
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:3:p:299-317
Template-Type: ReDIF-Article 1.0
Author-Name: Brugt Kazemier
Author-X-Name-First: Brugt
Author-X-Name-Last: Kazemier
Author-Name: Carlo H. Driesen
Author-X-Name-First: Carlo H.
Author-X-Name-Last: Driesen
Author-Name: Erik Hoogbruin
Author-X-Name-First: Erik
Author-X-Name-Last: Hoogbruin
Title: FROM INPUT--OUTPUT TABLES TO SUPPLY-AND-USE TABLES
Abstract:
In 1991, Statistics Netherlands introduced the supply-and-use tables as
part of the national accounts. Since then, the supply-and-use tables have
been the main statistics on the production structure of the Dutch economy.
They form the basis from which input--output tables are derived. The time
series of supply-and-use tables starts in 1987. However, there is a need
for a time series since 1970 because benchmark revisions of the Dutch
national accounts would become far easier if such time series were
available. Therefore, a method has been developed to derive supply-and-use
tables from existing input--output tables. This article presents the
algorithm.
Journal: Economic Systems Research
Pages: 319-327
Issue: 3
Volume: 24
Year: 2012
Month: 12
X-DOI: 10.1080/09535314.2011.650627
File-URL: http://hdl.handle.net/10.1080/09535314.2011.650627
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:3:p:319-327
Template-Type: ReDIF-Article 1.0
Author-Name: Sören Lindner
Author-X-Name-First: Sören
Author-X-Name-Last: Lindner
Author-Name: Julien Legault
Author-X-Name-First: Julien
Author-X-Name-Last: Legault
Author-Name: Dabo Guan
Author-X-Name-First: Dabo
Author-X-Name-Last: Guan
Title: DISAGGREGATING INPUT--OUTPUT MODELS WITH INCOMPLETE INFORMATION
Abstract:
Disaggregating a sector within the Leontief input--output (IO) framework
is not a straightforward task since there is more than one possibility for
the unknown technical coefficients of the disaggregated IO table, and more
information than what is embodied in the aggregated IO table is thus
required. This paper presents a methodology for disaggregating sectors
into an arbitrary number of new sectors when the only available
information about the newly formed sectors is their output weights. A
random walk algorithm is used to explore the polytope containing the
admissible combinations for the unknown technical coefficients of the
disaggregated IO table. These combinations are then used to construct the
probability distribution of the coefficients of the inverse Leontief
matrix. The methodology is illustrated by disaggregating the electricity
production sector of China's 2007 IO table and by looking at the
probability distribution of the CO2 emission intensity factors
of the sectors of the economy.
Journal: Economic Systems Research
Pages: 329-347
Issue: 4
Volume: 24
Year: 2012
Month: 4
X-DOI: 10.1080/09535314.2012.689954
File-URL: http://hdl.handle.net/10.1080/09535314.2012.689954
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:4:p:329-347
Template-Type: ReDIF-Article 1.0
Author-Name: Francisco J. Andr�
Author-X-Name-First: Francisco J.
Author-X-Name-Last: Andr�
Author-Name: M. Alejandro Cardenete
Author-X-Name-First: M. Alejandro
Author-X-Name-Last: Cardenete
Author-Name: M. Carmen Lima
Author-X-Name-First: M. Carmen
Author-X-Name-Last: Lima
Title: USING A CGE MODEL TO IDENTIFY THE POLICY TRADE-OFF BETWEEN UNEMPLOYMENT AND INFLATION. THE EFFICIENT PHILLIPS CURVE
Abstract:
This paper provides a new reading of a classical economic relation: the
short-run Phillips curve. Our point is that, when dealing with inflation
and unemployment, policy-making can be understood as a multicriteria
decision-making problem. Hence, we use so-called multiobjective
programming in connection with a computable general equilibrium (CGE)
model to determine the combinations of policy instruments that provide
efficient combinations of inflation and unemployment.
This approach results in an alternative version of the Phillips curve
labelled as efficient Phillips curve. Our aim is to
present an application of CGE models to a new area of research that can be
especially useful when addressing policy exercises with real data. We
apply our methodological proposal within a particular regional economy,
Andalusia, in the south of Spain. This tool can give some keys for policy
advice and policy implementation in the fight against unemployment and
inflation.
Journal: Economic Systems Research
Pages: 349-369
Issue: 4
Volume: 24
Year: 2012
Month: 5
X-DOI: 10.1080/09535314.2012.691088
File-URL: http://hdl.handle.net/10.1080/09535314.2012.691088
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:4:p:349-369
Template-Type: ReDIF-Article 1.0
Author-Name: Faye Duchin
Author-X-Name-First: Faye
Author-X-Name-Last: Duchin
Author-Name: Carlos López-Morales
Author-X-Name-First: Carlos
Author-X-Name-Last: López-Morales
Title: DO WATER-RICH REGIONS HAVE A COMPARATIVE ADVANTAGE IN FOOD PRODUCTION? IMPROVING THE REPRESENTATION OF WATER FOR AGRICULTURE IN ECONOMIC MODELS
Abstract:
With growing demand for fresh water and uncertain supplies, there is an
increasing concern about future water scarcity. Since most freshwater
withdrawals are for agriculture, reliance on water embodied in imported
food (trade in ‘virtual water’) is a possible strategy to
provide food to water-stressed regions while conserving their scarce
supply for other purposes. To evaluate this proposition, we extend a model
of interregional trade by (1) defining endowments of water that cannot be
exceeded, (2) allowing simultaneous operation of rainfed and irrigated
agriculture, and (3) distinguishing sub-regional endowments within a
larger economic region. An application to the Mexican economy compares
region-specific water abundance with economic comparative advantage under
alternative scenarios. We conclude that the water-rich regions of Mexico
are relatively high-cost producers of food and that they do not pick up
the slack even when the lowest-cost Mexican regions are constrained by
binding water constraints.
Journal: Economic Systems Research
Pages: 371-389
Issue: 4
Volume: 24
Year: 2012
Month: 7
X-DOI: 10.1080/09535314.2012.714746
File-URL: http://hdl.handle.net/10.1080/09535314.2012.714746
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:4:p:371-389
Template-Type: ReDIF-Article 1.0
Author-Name: Albert E. Steenge
Author-X-Name-First: Albert E.
Author-X-Name-Last: Steenge
Author-Name: Mònica Serrano
Author-X-Name-First: Mònica
Author-X-Name-Last: Serrano
Title: INCOME DISTRIBUTIONS IN INPUT-OUTPUT MODELS
Abstract:
The analysis of income distribution (ID) has traditionally been of prime
importance for economists and policy-makers. However, the standard
input--output (I--O) model is not particularly well equipped for studying
current issues such as the consequences of decreasing access to primary
inputs or the effects of specific redistributive policies. This paper
addresses this gap in the existing literature. We propose that IDs can
excellently be studied by restructuring the I--O relations. A new
coefficients matrix is defined, the so-called augmented input coefficients
matrix. This matrix is the sum of the intermediate input coefficients
matrix and newly constructed matrices of sector-specific input
coefficients that represent the existing distribution of income. We show
that shifts in the distribution can be modelled by attributing weights to
these matrices and vary these according to system-specific rules.
Numerical illustrations based on the existing literature are given
throughout the paper.
Journal: Economic Systems Research
Pages: 391-412
Issue: 4
Volume: 24
Year: 2012
Month: 7
X-DOI: 10.1080/09535314.2012.715281
File-URL: http://hdl.handle.net/10.1080/09535314.2012.715281
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:4:p:391-412
Template-Type: ReDIF-Article 1.0
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Maria Cecilia Pinto de Moura
Author-X-Name-First: Maria Cecilia
Author-X-Name-Last: Pinto de Moura
Author-Name: Arne Geschke
Author-X-Name-First: Arne
Author-X-Name-Last: Geschke
Author-Name: Keiichiro Kanemoto
Author-X-Name-First: Keiichiro
Author-X-Name-Last: Kanemoto
Author-Name: Daniel Dean Moran
Author-X-Name-First: Daniel Dean
Author-X-Name-Last: Moran
Title: A CYCLING METHOD FOR CONSTRUCTING INPUT--OUTPUT TABLE TIME SERIES FROM INCOMPLETE DATA
Abstract:
There are a number of approaches for constructing time series of
input--output tables. Some authors generate an initial estimate for a base
year, and then serially estimate tables for subsequent years using the
balanced prior-year table as an initial estimate. Others first generate a
series of initial estimates for the entire period, and then balance tables
in parallel. Current serial methods are affected by sudden leaps in the
magnitude of table elements, which occur straight after a period of data
unavailability. Current parallel methods require two complete tables for
base and final years in the same classification, and therefore do not work
under misaligned or incomplete data. We present a new method for
constructing input--output table time series that overcomes these problems
by averaging over alternate forward and backward sweeps across the time
series period. We also solve the problem of hysteresis causing forecast
and backcast table estimates to differ.
Journal: Economic Systems Research
Pages: 413-432
Issue: 4
Volume: 24
Year: 2012
Month: 2
X-DOI: 10.1080/09535314.2012.724013
File-URL: http://hdl.handle.net/10.1080/09535314.2012.724013
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:4:p:413-432
Template-Type: ReDIF-Article 1.0
Author-Name: Karen Turner
Author-X-Name-First: Karen
Author-X-Name-Last: Turner
Title: Applied General Equilibrium: An Introduction
Journal: Economic Systems Research
Pages: 433-435
Issue: 4
Volume: 24
Year: 2012
Month: 12
X-DOI: 10.1080/09535314.2012.735224
File-URL: http://hdl.handle.net/10.1080/09535314.2012.735224
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Handle: RePEc:taf:ecsysr:v:24:y:2012:i:4:p:433-435
Template-Type: ReDIF-Article 1.0
Author-Name: Arnold Tukker
Author-X-Name-First: Arnold
Author-X-Name-Last: Tukker
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Title: GLOBAL MULTIREGIONAL INPUT-OUTPUT FRAMEWORKS: AN INTRODUCTION AND OUTLOOK
Abstract:
This review is the introduction to a special issue of
Economic Systems Research on the topic of global
multiregional input-output (GMRIO) tables, models, and analysis. It
provides a short historical context of GMRIO development and its
applications (many of which deal with environmental extensions) and
presents the rationale for the major database projects presented in this
special issue. Then the six papers are briefly introduced. This is
followed by a concluding comparison of the characteristics of the main
GMRIO databases developed thus far and an outlook of potential further
developments.
Journal: Economic Systems Research
Pages: 1-19
Issue: 1
Volume: 25
Year: 2013
Month: 3
X-DOI: 10.1080/09535314.2012.761179
File-URL: http://hdl.handle.net/10.1080/09535314.2012.761179
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Handle: RePEc:taf:ecsysr:v:25:y:2013:i:1:p:1-19
Template-Type: ReDIF-Article 1.0
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Daniel Moran
Author-X-Name-First: Daniel
Author-X-Name-Last: Moran
Author-Name: Keiichiro Kanemoto
Author-X-Name-First: Keiichiro
Author-X-Name-Last: Kanemoto
Author-Name: Arne Geschke
Author-X-Name-First: Arne
Author-X-Name-Last: Geschke
Title: BUILDING EORA: A GLOBAL MULTI-REGION INPUT-OUTPUT DATABASE AT HIGH COUNTRY AND SECTOR RESOLUTION
Abstract:
There are a number of initiatives aimed at compiling
large-scale global multi-region input-output (MRIO) tables complemented
with non-monetary information such as on resource flows and environmental
burdens. Depending on purpose or application, MRIO construction and usage
has been hampered by a lack of geographical and sectoral detail; at the
time of writing, the most advanced initiatives opt for a breakdown into at
most 129 regions and 120 sectors. Not all existing global MRIO frameworks
feature continuous time series, margins and tax sheets, and information on
reliability and uncertainty. Despite these potential limitations,
constructing a large MRIO requires significant manual labour and many
years of time. This paper describes the results from a project aimed at
creating an MRIO account that represents all countries at a detailed
sectoral level, allows continuous updating, provides information on data
reliability, contains table sheets expressed in basic prices as well as
all margins and taxes, and contains a historical time series. We achieve
these goals through a high level of procedural standardisation,
automation, and data organisation.
Journal: Economic Systems Research
Pages: 20-49
Issue: 1
Volume: 25
Year: 2013
Month: 3
X-DOI: 10.1080/09535314.2013.769938
File-URL: http://hdl.handle.net/10.1080/09535314.2013.769938
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Template-Type: ReDIF-Article 1.0
Author-Name: Arnold Tukker
Author-X-Name-First: Arnold
Author-X-Name-Last: Tukker
Author-Name: Arjan de Koning
Author-X-Name-First: Arjan
Author-X-Name-Last: de Koning
Author-Name: Richard Wood
Author-X-Name-First: Richard
Author-X-Name-Last: Wood
Author-Name: Troy Hawkins
Author-X-Name-First: Troy
Author-X-Name-Last: Hawkins
Author-Name: Stephan Lutter
Author-X-Name-First: Stephan
Author-X-Name-Last: Lutter
Author-Name: Jose Acosta
Author-X-Name-First: Jose
Author-X-Name-Last: Acosta
Author-Name: Jose M. Rueda Cantuche
Author-X-Name-First: Jose M.
Author-X-Name-Last: Rueda Cantuche
Author-Name: Maaike Bouwmeester
Author-X-Name-First: Maaike
Author-X-Name-Last: Bouwmeester
Author-Name: Jan Oosterhaven
Author-X-Name-First: Jan
Author-X-Name-Last: Oosterhaven
Author-Name: Thomas Drosdowski
Author-X-Name-First: Thomas
Author-X-Name-Last: Drosdowski
Author-Name: Jeroen Kuenen
Author-X-Name-First: Jeroen
Author-X-Name-Last: Kuenen
Title: EXIOPOL - DEVELOPMENT AND ILLUSTRATIVE ANALYSES OF A DETAILED GLOBAL MR EE SUT/IOT
Abstract:
EXIOPOL (A New Environmental Accounting Framework Using
Externality Data and Input-Output Tools for Policy Analysis) was a
European Union (EU)-funded project creating a detailed, global,
multiregional environmentally extended Supply and Use table (MR EE SUT) of
43 countries, 129 sectors, 80 resources, and 40 emissions. We sourced
primary SUT and input-output tables from Eurostat and non-EU statistical
offices. We harmonized and detailed them using auxiliary national accounts
data and co-efficient matrices. Imports were allocated to countries of
exports using United Nations Commodity Trade Statistics Database trade
shares. Optimization procedures removed imbalances in these detailing and
trade linking steps. Environmental extensions were added from various
sources. We calculated the EU footprint of final consumption with
resulting MR EE SUT. EU policies focus mainly on energy and carbon
footprints. We show that the EU land, water, and material footprint abroad
is much more relevant, and should be prioritized in the EU's environmental
product and trade policies.
Journal: Economic Systems Research
Pages: 50-70
Issue: 1
Volume: 25
Year: 2013
Month: 3
X-DOI: 10.1080/09535314.2012.761952
File-URL: http://hdl.handle.net/10.1080/09535314.2012.761952
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Template-Type: ReDIF-Article 1.0
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Bart Los
Author-X-Name-First: Bart
Author-X-Name-Last: Los
Author-Name: Robert Stehrer
Author-X-Name-First: Robert
Author-X-Name-Last: Stehrer
Author-Name: Marcel Timmer
Author-X-Name-First: Marcel
Author-X-Name-Last: Timmer
Author-Name: Gaaitzen de Vries
Author-X-Name-First: Gaaitzen
Author-X-Name-Last: de Vries
Title: THE CONSTRUCTION OF WORLD INPUT-OUTPUT TABLES IN THE WIOD PROJECT
Abstract:
This article describes the construction of the World
Input-Output Tables (WIOTs) that constitute the core of the World
Input-Output Database. WIOTs are available for the period 1995-2009 and
give the values of transactions among 35 industries in 40 countries plus
the 'Rest of the World' and from these industries to households,
governments and users of capital goods in the same set of countries. The
article describes how information from the National Accounts, Supply and
Use Tables and International Trade Statistics have been harmonized,
reconciled and used for estimation procedures to arrive at a consistent
time series of WIOTs.
Journal: Economic Systems Research
Pages: 71-98
Issue: 1
Volume: 25
Year: 2013
Month: 3
X-DOI: 10.1080/09535314.2012.761180
File-URL: http://hdl.handle.net/10.1080/09535314.2012.761180
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Template-Type: ReDIF-Article 1.0
Author-Name: Robbie M. Andrew
Author-X-Name-First: Robbie M.
Author-X-Name-Last: Andrew
Author-Name: Glen P. Peters
Author-X-Name-First: Glen P.
Author-X-Name-Last: Peters
Title: A MULTI-REGION INPUT-OUTPUT TABLE BASED ON THE GLOBAL TRADE ANALYSIS PROJECT DATABASE (GTAP-MRIO)
Abstract:
Understanding the drivers of many environmental problems
requires enumerating the global supply chain. Multi-region input-output
analysis (MRIOA) is a well-established technique for this purpose, but
constructing a multi-region input-output table (MRIOT) can be a formidable
challenge. We constructed a large MRIOT using the Global Trade Analysis
Project (GTAP) database of harmonised economic, IO, and trade data. We
discuss the historical development of the GTAP-MRIO and describe its
efficient construction. We provide updated carbon footprint estimates and
analyse several issues relevant for MRIO construction and applications. We
demonstrate that differences in environmental satellite accounts may be
more important than differences in MRIOTs when calculating national carbon
footprints. The GTAP-MRIO is a robust global MRIOT and, given its easy
availability and implementation, it should allow the widespread
application of global MRIOA by a variety of users.
Journal: Economic Systems Research
Pages: 99-121
Issue: 1
Volume: 25
Year: 2013
Month: 3
X-DOI: 10.1080/09535314.2012.761953
File-URL: http://hdl.handle.net/10.1080/09535314.2012.761953
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Handle: RePEc:taf:ecsysr:v:25:y:2013:i:1:p:99-121
Template-Type: ReDIF-Article 1.0
Author-Name: Bo Meng
Author-X-Name-First: Bo
Author-X-Name-Last: Meng
Author-Name: Yaxiong Zhang
Author-X-Name-First: Yaxiong
Author-X-Name-Last: Zhang
Author-Name: Satoshi Inomata
Author-X-Name-First: Satoshi
Author-X-Name-Last: Inomata
Title: COMPILATION AND APPLICATIONS OF IDE-JETRO'S INTERNATIONAL INPUT-OUTPUT TABLES
Abstract:
International input-output (IO) tables are among the most
useful tools for economic analysis. Since these tables provide detailed
information about international production networks, they have recently
attracted considerable attention in research on spatial economics, global
value chains, and issues relating to trade in value added. The Institute
of Developing Economies at the Japan External Trade Organization
(IDE-JETRO) has more than 40 years of experience in the construction and
analysis of international IO tables. This paper explains the development
of IDE-JETRO's multi-regional IO projects including the construction of
the Asian International Input-Output table and the Transnational
Interregional Input-Output table between China and Japan. To help users
understand the features of the tables, this paper also gives examples of
their application.
Journal: Economic Systems Research
Pages: 122-142
Issue: 1
Volume: 25
Year: 2013
Month: 3
X-DOI: 10.1080/09535314.2012.761597
File-URL: http://hdl.handle.net/10.1080/09535314.2012.761597
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Handle: RePEc:taf:ecsysr:v:25:y:2013:i:1:p:122-142
Template-Type: ReDIF-Article 1.0
Author-Name: Thomas Wiedmann
Author-X-Name-First: Thomas
Author-X-Name-Last: Wiedmann
Author-Name: John Barrett
Author-X-Name-First: John
Author-X-Name-Last: Barrett
Title: POLICY-RELEVANT APPLICATIONS OF ENVIRONMENTALLY EXTENDED MRIO DATABASES - EXPERIENCES FROM THE UK
Abstract:
The impressive development in global multi-region
input-output (IO) databases is accompanied by an increase in applications
published in the scientific literature. However, it is not obvious whether
the insights gained from these studies have indeed been used in political
decision-making. We ask whether and to what extent there is policy uptake
of results from environmentally extended multi-region IO (EE-MRIO) models
and how it may be improved. We identify unique characteristics of such
models not inherent to other approaches. We then present evidence from the
UK showing that a policy process around consumption-based accounting for
greenhouse gas emissions and resource use has evolved that is based on
results from EE-MRIO modelling. This suggests that specific,
policy-relevant information that would be impossible to obtain otherwise
can be generated with the help of EE-MRIO models. Our analysis is limited
to environmental applications of global MRIO models and to government
policies in the UK.
Journal: Economic Systems Research
Pages: 143-156
Issue: 1
Volume: 25
Year: 2013
Month: 3
X-DOI: 10.1080/09535314.2012.761596
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Template-Type: ReDIF-Article 1.0
Author-Name: Jianxi Luo
Author-X-Name-First: Jianxi
Author-X-Name-Last: Luo
Title: WHICH INDUSTRIES TO BAIL OUT FIRST IN ECONOMIC RECESSION? RANKING US INDUSTRIAL SECTORS BY THE POWER-OF-PULL
Abstract:
There have been intense debates regarding which industrial
sectors should be prioritized for receiving bailout in economic
recessions. This paper takes a network perspective to rank sectors
according to the Power-of-Pull (PoP), i.e. a sector's power to pull the
overall economy. An eigenvector method is employed to assess the PoP of
sectors in the USA, using input--output data from 1998 to 2010. The
results support bailout to the motor vehicle sector, but argue against
bailout to public infrastructure, health care and information technologies
design and service sectors, and also reveal the continual decline of PoP
ranking of computer and electronics manufacturing sector over time. These
results confirm some but also show little support to some other economic
revival policies of the Obama Administration in the USA.
Journal: Economic Systems Research
Pages: 157-169
Issue: 2
Volume: 25
Year: 2013
Month: 3
X-DOI: 10.1080/09535314.2013.775111
File-URL: http://hdl.handle.net/10.1080/09535314.2013.775111
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Handle: RePEc:taf:ecsysr:v:25:y:2013:i:2:p:157-169
Template-Type: ReDIF-Article 1.0
Author-Name: Jos� M. Rueda-Cantuche
Author-X-Name-First: Jos� M.
Author-X-Name-Last: Rueda-Cantuche
Author-Name: Thijs Ten Raa
Author-X-Name-First: Thijs Ten
Author-X-Name-Last: Raa
Title: TESTING ASSUMPTIONS MADE IN THE CONSTRUCTION OF INPUT--OUTPUT TABLES
Abstract:
Product input--output (IO) tables are mainly constructed on
the basis of product and/or industry technology assumptions. The choice is
not trivial and deserves empirical analysis using input and output data at
the level of establishments. This paper offers input--output compilers
econometric tests to facilitate the construction of tailored hybrid
technology-based product IO tables. We provide weighted likelihood ratios
of the product and industry technology assumptions. Although the proposed
econometric tests are aimed to be used ex ante, we
construct four variants of hybrid technology-based product IO tables using
establishment data from Andalusia (Spain) and contrast them to the
official product IO table and the pure product and industry
technology-based tables. Our econometric tests are not valid for industry
IO tables.
Journal: Economic Systems Research
Pages: 170-189
Issue: 2
Volume: 25
Year: 2013
Month: 3
X-DOI: 10.1080/09535314.2013.774265
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Template-Type: ReDIF-Article 1.0
Author-Name: Laura Atuesta
Author-X-Name-First: Laura
Author-X-Name-Last: Atuesta
Author-Name: Geoffrey J.D. Hewings
Author-X-Name-First: Geoffrey J.D.
Author-X-Name-Last: Hewings
Title: ECONOMIC WELFARE ANALYSIS OF THE LEGALIZATION OF DRUGS: A CGE MICROSIMULATION MODEL FOR COLOMBIA
Abstract:
In this paper, a computable general equilibrium (CGE)
microsimulation model is used to analyze the effects of an ex
ante legalization of drugs on the Colombian economy. The model
consists of 11 productive sectors, 3 different labor force categories with
unemployment, and 20 households divided by income and location. Changes in
wages and migration are estimated using a labor participation model, and a
NIDS estimates the demands of the households. Changes in household
economic welfare, measured by changes in income and prices (CV and EV
measurements), are very sensitive to the reinvestments that the government
makes in the economy. By analyzing six different scenarios with different
assumptions about changes in drug prices, investments of the government,
and the termination of the armed conflict, the results suggest that
economic welfare improves when the government reinvests military
expenditures in other productive sectors or when the ‘economy of
war’ continues and the legalization does not end the armed
conflict.
Journal: Economic Systems Research
Pages: 190-211
Issue: 2
Volume: 25
Year: 2013
Month: 3
X-DOI: 10.1080/09535314.2012.728130
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Template-Type: ReDIF-Article 1.0
Author-Name: Adam Rose
Author-X-Name-First: Adam
Author-X-Name-Last: Rose
Author-Name: Dan Wei
Author-X-Name-First: Dan
Author-X-Name-Last: Wei
Title: ESTIMATING THE ECONOMIC CONSEQUENCES OF A PORT SHUTDOWN: THE SPECIAL ROLE OF RESILIENCE
Abstract:
This paper develops a methodology for the estimation of the
total economic consequences of a seaport disruption, factoring in the
major types of resilience. The foundation of the methodology is a
combination of demand-driven and supply-driven input--output analyses.
Resilience is included through a series of ad hoc
adjustments based on various formal models and expert judgment. Moreover,
we have designed the methodology in a manner that overcomes the major
shortcomings of the supply-driven approach. We apply the methodology to a
90-day disruption at the twin seaports of Beaumont and Port Arthur, Texas,
which is a major port area that includes a petrochemical manufacturing
complex. We find that regional gross output could decline by as much as
$13 billion at the port region level, but that resilience can reduce
these impacts by nearly 70%.
Journal: Economic Systems Research
Pages: 212-232
Issue: 2
Volume: 25
Year: 2013
Month: 6
X-DOI: 10.1080/09535314.2012.731379
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Handle: RePEc:taf:ecsysr:v:25:y:2013:i:2:p:212-232
Template-Type: ReDIF-Article 1.0
Author-Name: Mun Heng Toh
Author-X-Name-First: Mun Heng
Author-X-Name-Last: Toh
Author-Name: Shandre Mugan Thangavelu
Author-X-Name-First: Shandre Mugan
Author-X-Name-Last: Thangavelu
Title: AN INPUT--OUTPUT STUDY OF THE SINGAPORE INFORMATION SECTOR
Abstract:
The development and use of information and communication
technologies is one of the key drivers of the ‘knowledge
economy.’ In this paper, we investigate the impact of information
technology on the output growth of the Singapore economy using the
input--output framework. The input--output framework allows us to
understand the impact of information sector in an integrated framework in
terms of its linkages to the manufacturing and service sectors. In
particular, we adopt the input--output approach to shed light on both
production and diffusion activities of the information sector on the
Singapore economy. The results indicate that the ICT sector provided the
key linkages for the expansion of high-value added manufacturing
activities and electronics export for the Singapore economy.
Journal: Economic Systems Research
Pages: 233-244
Issue: 2
Volume: 25
Year: 2013
Month: 6
X-DOI: 10.1080/09535314.2012.740616
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Template-Type: ReDIF-Article 1.0
Author-Name: Patrick Canning
Author-X-Name-First: Patrick
Author-X-Name-Last: Canning
Title: MAXIMUM-LIKELIHOOD ESTIMATES OF A US MULTIREGIONAL HOUSEHOLD EXPENDITURE SYSTEM
Abstract:
This paper applies the maximum-likelihood equation to a model
that produces US regional household expenditure estimates using
national-level data on average expenditures by type of household and
regional data on the number of households by type. Empirical results
follow the analytical properties of the model and demonstrate an
impressive capacity to recover regional statistics. These findings are
useful in applied regional studies since they demonstrate a general
framework to assess the input data and the overall estimation model.
Journal: Economic Systems Research
Pages: 245-264
Issue: 2
Volume: 25
Year: 2013
Month: 6
X-DOI: 10.1080/09535314.2012.730991
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Template-Type: ReDIF-Article 1.0
Author-Name: Shigemi Kagawa
Author-X-Name-First: Shigemi
Author-X-Name-Last: Kagawa
Author-Name: Sangwon Suh
Author-X-Name-First: Sangwon
Author-X-Name-Last: Suh
Author-Name: Yasushi Kondo
Author-X-Name-First: Yasushi
Author-X-Name-Last: Kondo
Author-Name: Keisuke Nansai
Author-X-Name-First: Keisuke
Author-X-Name-Last: Nansai
Title: Identifying environmentally important supply chain clusters in the automobile industry
Abstract:
In this paper, we develop a new approach that combines the
spectral clustering method and input-output analysis to detect
environmentally important supply chain clusters. The newly developed
method was applied to automobile manufacturing in Japan, and major
clusters with high energy intensities in the automobile supply chain were
identified. This paper proposes that the car manufacturers will be able to
regularly publish their life-cycle assessment reports with a focus on the
indirect energy consumptions within the critical supply chains and request
key auto-part manufacturers in the cluster to reduce the indirect
consumptions through the relevant supply chain engagement.
Journal: Economic Systems Research
Pages: 265-286
Issue: 3
Volume: 25
Year: 2013
Month: 9
X-DOI: 10.1080/09535314.2012.730992
File-URL: http://hdl.handle.net/10.1080/09535314.2012.730992
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Handle: RePEc:taf:ecsysr:v:25:y:2013:i:3:p:265-286
Template-Type: ReDIF-Article 1.0
Author-Name: Youguo Zhang
Author-X-Name-First: Youguo
Author-X-Name-Last: Zhang
Title: IMPACT OF URBAN AND RURAL HOUSEHOLD CONSUMPTION ON CARBON EMISSIONS IN CHINA
Abstract:
In this paper, we utilize input-output analysis and
decomposition techniques to examine the direct and indirect urban and
rural per-capita carbon emissions generated by household consumption in
China from 1987 to 2007. The results show that indirect emissions are
considerably larger than direct emissions due to households in urban and
rural areas. Indirect urban emissions increase significantly because of
growing expenditures, but indirect rural emissions do not register the
same increase. Direct urban emissions decrease significantly because of
changes in the energy mix, but direct rural emissions show only a slight
decrease. The increase in the disparity of indirect urban-rural emissions
and the decrease in the disparity in direct urban-rural emissions are
evident. These findings imply that both energy-saving behavior in the
production sector and residential lifestyle transition - particularly in
the urban areas - are significant in mitigating carbon emissions in China.
Journal: Economic Systems Research
Pages: 287-299
Issue: 3
Volume: 25
Year: 2013
Month: 9
X-DOI: 10.1080/09535314.2012.738188
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Handle: RePEc:taf:ecsysr:v:25:y:2013:i:3:p:287-299
Template-Type: ReDIF-Article 1.0
Author-Name: S. Lindner
Author-X-Name-First: S.
Author-X-Name-Last: Lindner
Author-Name: J. Legault
Author-X-Name-First: J.
Author-X-Name-Last: Legault
Author-Name: D. Guan
Author-X-Name-First: D.
Author-X-Name-Last: Guan
Title: DISAGGREGATING THE ELECTRICITY SECTOR OF CHINA'S INPUT-OUTPUT TABLE FOR IMPROVED ENVIRONMENTAL LIFE-CYCLE ASSESSMENT
Abstract:
Missing process detail of sectors in Input-Output (I-O)
tables has been pointed out as a limitation of I-O analysis in
environmental-economic life cycle assessment. Aggregation of
resource-intensive sectors decreases the accuracy of the results. Often,
economic sectors are compiled in a more aggregated form than environmental
satellite accounts, and as [Lenzen, M. (2011) Aggregation Versus
Disaggregation in Input-Output Analysis of the Environment.
Economic Systems Research, 23, 73-89] asserts, it is
superior for environmental analysis to disaggregate the I-O table, even if
only partial information exists for the disaggregation. In this paper we
present a methodology to disaggregate the electricity sector of the
Chinese national I-O table by using regional information and cost data for
operation and maintenance of power plants. The electricity sector is
disaggregated into a transmission and distribution sector as well as eight
sub-sectors representing different types of technology in power plants
(subcritical coal, hydro, etc.). The electricity consumption mix of each
industry is determined by using regional industry presence and regional
electricity power mixes. The disaggregated I-O table offers refined
results for calculating emissions embodied in international exports from
China, a valuable contribution for estimating national greenhouse gases
emissions inventories under the consumption-based approach for countries
that rely heavily on imports of goods from China.
Journal: Economic Systems Research
Pages: 300-320
Issue: 3
Volume: 25
Year: 2013
Month: 9
X-DOI: 10.1080/09535314.2012.746646
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Template-Type: ReDIF-Article 1.0
Author-Name: �scar Deju�n
Author-X-Name-First: �scar
Author-X-Name-Last: Deju�n
Author-Name: Luis Antonio L�pez
Author-X-Name-First: Luis Antonio
Author-X-Name-Last: L�pez
Author-Name: Mar�a �ngeles Tobarra
Author-X-Name-First: Mar�a �ngeles
Author-X-Name-Last: Tobarra
Author-Name: Jorge Zafrilla
Author-X-Name-First: Jorge
Author-X-Name-Last: Zafrilla
Title: A POST-KEYNESIAN AGE MODEL TO FORECAST ENERGY DEMAND IN SPAIN
Abstract:
This paper develops an extended input-output model for the
estimation of energy demand and related issues. It is built on the last
Spanish Symmetric Input-Output Table (IOT, 2005). It has been tested for
the period 2005-2008 and used for forecasting energy demand for the years
2009-2012 under different economic scenarios. The model shares some traits
of the computable and applied general equilibrium models where quantity
and price systems are interwoven. The differences lie in the theories
explaining output and prices. Our quantity system is based on Keynes'
principle of effective demand (broad energy multipliers are derived). The
price system is based on the classical (Sraffian) theory of prices of
production, akin to post-Keynesian full-cost prices. The general price
system can be manipulated to account for the specificities of energy
prices. Historical trends of energy coefficients are computed by
extrapolation of past IOTs and calibration.
Journal: Economic Systems Research
Pages: 321-340
Issue: 3
Volume: 25
Year: 2013
Month: 9
X-DOI: 10.1080/09535314.2013.806294
File-URL: http://hdl.handle.net/10.1080/09535314.2013.806294
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Handle: RePEc:taf:ecsysr:v:25:y:2013:i:3:p:321-340
Template-Type: ReDIF-Article 1.0
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Michael L. Lahr
Author-X-Name-First: Michael L.
Author-X-Name-Last: Lahr
Title: EXPANDING EXTRACTIONS
Abstract:
In this paper, we generalize hypothetical extraction
techniques. We suggest that the effect of certain economic phenomena can
be measured by removing them from an input-output (I-O) table and by
rebalancing the set of I-O accounts. The difference between the two sets
of accounts yields the phenomenon's effect (or importance). We suggest
that the approach can be used to measure the effect of changes in
intermediate output, which are otherwise not easily rationalized within a
Leontief framework. Of course, it can also be used to estimate the
possible effects of the shutdown of a particular establishment or other
identifiable segment of an economy. We demonstrate some properties and
potential of the approach using the annual 2006 US I-O accounts.
Journal: Economic Systems Research
Pages: 341-360
Issue: 3
Volume: 25
Year: 2013
Month: 9
X-DOI: 10.1080/09535314.2013.774266
File-URL: http://hdl.handle.net/10.1080/09535314.2013.774266
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Handle: RePEc:taf:ecsysr:v:25:y:2013:i:3:p:341-360
Template-Type: ReDIF-Article 1.0
Author-Name: Umed Temurshoev
Author-X-Name-First: Umed
Author-X-Name-Last: Temurshoev
Author-Name: Ronald E. Miller
Author-X-Name-First: Ronald E.
Author-X-Name-Last: Miller
Author-Name: Maaike C. Bouwmeester
Author-X-Name-First: Maaike C.
Author-X-Name-Last: Bouwmeester
Title: A NOTE ON THE GRAS METHOD
Abstract:
The GRAS method as presented by Junius and Oosterhaven
[Junius, T. and J. Oosterhaven (2003) The Solution of Updating or
Regionalizing a Matrix with Both Positive and Negative Elements.
Economic Systems Research, 15, 87-96] assumes that every
row and every column of a matrix to be balanced has at least one positive
element. This might not necessarily be true in practice, in particular,
when dealing with large-scale input-ouput tables, supply and use tables,
social accounting matrices, or, for that matter, any other matrix. In this
short note we relax this assumption and make available our MATLAB program
for anyone interested in matrix GRASing. The same issue arises in the
presentations of the KRAS method [Lenzen, M., B. Gallego and R. Wood
(2009) Matrix Balancing Under Conflicting Information. Economic
Systems Research, 21, 23-44] and the SUT-RAS method [Temurshoev,
U. and M.P. Timmer (2011) Joint Estimation of Supply and Use Tables.
Papers in Regional Science, 90, 863-882], which should be
accordingly accounted for in their empirical applications.
Journal: Economic Systems Research
Pages: 361-367
Issue: 3
Volume: 25
Year: 2013
Month: 9
X-DOI: 10.1080/09535314.2012.746645
File-URL: http://hdl.handle.net/10.1080/09535314.2012.746645
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Handle: RePEc:taf:ecsysr:v:25:y:2013:i:3:p:361-367
Template-Type: ReDIF-Article 1.0
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Bart Los
Author-X-Name-First: Bart
Author-X-Name-Last: Los
Author-Name: Dabo Guan
Author-X-Name-First: Dabo
Author-X-Name-Last: Guan
Author-Name: Michael L. Lahr
Author-X-Name-First: Michael L.
Author-X-Name-Last: Lahr
Author-Name: Ferran Sancho
Author-X-Name-First: Ferran
Author-X-Name-Last: Sancho
Author-Name: Sangwon Suh
Author-X-Name-First: Sangwon
Author-X-Name-Last: Suh
Author-Name: Cuihong Yang
Author-X-Name-First: Cuihong
Author-X-Name-Last: Yang
Title: INPUT--OUTPUT ANALYSIS: THE NEXT 25 YEARS
Abstract:
This year marks the 25th anniversary of
the International Input--Output Association and the 25th volume of
Economic Systems Research. To celebrate this anniversary,
a group of eight experts provide their views on the future of
input--output. Looking forward, they foresee progress in terms of data
collections, methods, theory testing, and focus and scope.
Journal: Economic Systems Research
Pages: 369-389
Issue: 4
Volume: 25
Year: 2013
Month: 12
X-DOI: 10.1080/09535314.2013.846902
File-URL: http://hdl.handle.net/10.1080/09535314.2013.846902
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Handle: RePEc:taf:ecsysr:v:25:y:2013:i:4:p:369-389
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Author-Name: Reinier Bikker
Author-X-Name-First: Reinier
Author-X-Name-Last: Bikker
Author-Name: Jacco Daalmans
Author-X-Name-First: Jacco
Author-X-Name-Last: Daalmans
Author-Name: Nino Mushkudiani
Author-X-Name-First: Nino
Author-X-Name-Last: Mushkudiani
Title: BENCHMARKING LARGE ACCOUNTING FRAMEWORKS: A GENERALIZED MULTIVARIATE MODEL
Abstract:
We present a multivariate benchmarking
model for achieving consistency between large quarterly and annual
accounting frameworks. The method is based on a quadratic optimization
problem, for which many efficient numeric solvers exist. The method
combines several features, such as linear constraints, ratio constraints,
weights, and inequalities, in one model. Therefore, a wide range of
modelling possibilities is supported. This method is especially
interesting for national statistical offices, to simplify their processes
to achieve consistency between publications.
Journal: Economic Systems Research
Pages: 390-408
Issue: 4
Volume: 25
Year: 2013
Month: 12
X-DOI: 10.1080/09535314.2013.801010
File-URL: http://hdl.handle.net/10.1080/09535314.2013.801010
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Handle: RePEc:taf:ecsysr:v:25:y:2013:i:4:p:390-408
Template-Type: ReDIF-Article 1.0
Author-Name: Vittorio Nicolardi
Author-X-Name-First: Vittorio
Author-X-Name-Last: Nicolardi
Title: SIMULTANEOUSLY BALANCING SUPPLY--USE TABLES AT CURRENT AND CONSTANT PRICES: A NEW PROCEDURE
Abstract:
According to the 1993 System of National
Accounts, the annual Supply--Use Tables (SUTs) need to be compiled at both
current and constant prices by the National Institutes of Statistics. The
most appropriate way to obtain consistent SUTs at both current and
constant prices is to balance them simultaneously but, in this case, the
main complexity is the nonlinearity that inevitably occurs. This paper
proposes a new method to balance extremely large sets of National Accounts
simultaneously at current and constant prices. The distinctive features of
the proposed balancing method are its flexibility, which is very high
compared with the other methods in the literature, and its capability to
allow the control of the consistency of the system of deflators that are
used. This new balancing method has been applied to balance the Italian
2006 SUTs simultaneously at current and constant prices, and it has
yielded very good outcomes.
Journal: Economic Systems Research
Pages: 409-434
Issue: 4
Volume: 25
Year: 2013
Month: 12
X-DOI: 10.1080/09535314.2013.808990
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Handle: RePEc:taf:ecsysr:v:25:y:2013:i:4:p:409-434
Template-Type: ReDIF-Article 1.0
Author-Name: Jos� M. Rueda-Cantuche
Author-X-Name-First: Jos� M.
Author-X-Name-Last: Rueda-Cantuche
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Esteban Fern�ndez
Author-X-Name-First: Esteban
Author-X-Name-Last: Fern�ndez
Author-Name: Antonio F. Amores
Author-X-Name-First: Antonio F.
Author-X-Name-Last: Amores
Title: THE BIAS OF THE MULTIPLIER MATRIX WHEN SUPPLY AND USE TABLES ARE STOCHASTIC
Abstract:
The literature on stochastic input--output
(I--O) analysis has paid considerable attention to the bias in the
Leontief inverse. This paper extends previous studies by assuming supply
and use tables (SUTs rather than I--O tables or input coefficients
matrices) to be stochastic. This is a natural starting point because SUTs
have become the basic data sources for I--O applications. In a Monte Carlo
simulation experiment, a given SUT is randomized in two different ways and
the effects are determined for eight different multiplier matrices. The
analysis is carried out for Spain, Italy, the Netherlands, Germany and
Finland, using their SUTs for 2006. The findings indicate that, in
general, biases are statistically significant but negligibly small. This
corroborates earlier findings obtained for stochastic I--O tables.
Journal: Economic Systems Research
Pages: 435-448
Issue: 4
Volume: 25
Year: 2013
Month: 12
X-DOI: 10.1080/09535314.2013.776947
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Handle: RePEc:taf:ecsysr:v:25:y:2013:i:4:p:435-448
Template-Type: ReDIF-Article 1.0
Author-Name: Stephen D. Casler
Author-X-Name-First: Stephen D.
Author-X-Name-Last: Casler
Title: IMPLICIT ELASTICITIES AND PRICE EFFECTS: AN UPDATED PROCEDURE
Abstract:
Based on the general procedure described
by Casler [(2011) Coefficient Change, Price Effects, and Implicit
Elasticities: Estimating Microeconomic Determinants over Two Time Periods.
Economic Systems Research, 23, 153--174], this paper
presents an updated approach to the estimation of input coefficient
changes as functions of changing prices. The procedure makes direct use of
relationships that emerge from the model of cost minimization subject to
producing a desired level of output. Based on an initial specification of
constant cross-price derivatives, the imposition of adding up and symmetry
conditions allows the actual price and coefficient changes that occur
between periods to identify implicit own and cross-price derivatives and
corresponding elasticities, using data for only two time periods. With
this updated approach, the calculation of derivatives is far simpler and
leads to far more accurate measures of price-induced input--output
coefficient changes than the original version.
Journal: Economic Systems Research
Pages: 449-455
Issue: 4
Volume: 25
Year: 2013
Month: 12
X-DOI: 10.1080/09535314.2013.775405
File-URL: http://hdl.handle.net/10.1080/09535314.2013.775405
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Handle: RePEc:taf:ecsysr:v:25:y:2013:i:4:p:449-455
Template-Type: ReDIF-Article 1.0
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Bart Los
Author-X-Name-First: Bart
Author-X-Name-Last: Los
Title: Editors' report
Journal: Economic Systems Research
Pages: 456-457
Issue: 4
Volume: 25
Year: 2013
Month: 12
X-DOI: 10.1080/09535314.2013.849061
File-URL: http://hdl.handle.net/10.1080/09535314.2013.849061
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Handle: RePEc:taf:ecsysr:v:25:y:2013:i:4:p:456-457
Template-Type: ReDIF-Article 1.0
Author-Name: Yasuhide Okuyama
Author-X-Name-First: Yasuhide
Author-X-Name-Last: Okuyama
Author-Name: Joost R. Santos
Author-X-Name-First: Joost R.
Author-X-Name-Last: Santos
Title: DISASTER IMPACT AND INPUT--OUTPUT ANALYSIS
Abstract:
Macroeconomics models, such as the
input--output model, the social accounting matrix, and the computable
general equilibrium model, have been used for impact analysis of
catastrophic disasters for some time. While the use of such models to
disaster situation, which may quite differ from the ordinary economic
setting, has been critiqued (for recent example, see Albala-Bertrand,
2013), there are still valuable reasons for the use of such models. In
particular, such models can be used in order to quickly provide a ballpark
estimate of the system-wide impact for recovery plan and finance and/or to
evaluate disaster countermeasures in the pre-event period. This paper
presents how these methodologies have evolved to incorporate with
disaster-specific feature and discusses how far they still need to go from
the current stage. This paper also serves as a preface to this special
issue, which encompasses several papers devoted to the use of
macroeconomic data and models to assess economic losses from disasters.
Journal: Economic Systems Research
Pages: 1-12
Issue: 1
Volume: 26
Year: 2014
Month: 3
X-DOI: 10.1080/09535314.2013.871505
File-URL: http://hdl.handle.net/10.1080/09535314.2013.871505
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:1:p:1-12
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Author-Name: Yoshio Kajitani
Author-X-Name-First: Yoshio
Author-X-Name-Last: Kajitani
Author-Name: Hirokazu Tatano
Author-X-Name-First: Hirokazu
Author-X-Name-Last: Tatano
Title: ESTIMATION OF PRODUCTION CAPACITY LOSS RATE AFTER THE GREAT EAST JAPAN EARTHQUAKE AND TSUNAMI IN 2011
Abstract:
This research aims to investigate a method
for estimating the production capacity loss rate (PCLR) of industrial
sectors damaged by a disaster, such as an earthquake, tsunami, or nuclear
radiation, particularly the 2011 Great East Japan Earthquake. PCLR is
fundamental information required to gain an understanding of economic
losses caused by a disaster. In particular, this paper proposes a method
of PCLR estimation that considers the two main causes of capacity losses
as observed from past earthquake disasters, namely damage to production
facilities and disruption of lifeline systems. To achieve the quantitative
estimation of PCLR, functional fragility curves considering the
relationship between production capacity and earthquake ground motion and
lifeline resilience factors for capturing the impact of lifeline
disruptions have been adopted, while actual recovery curves are considered
mainly for damaged facilities. Through the application of this method to
the case study of the 2011 Great East Japan Earthquake, the PCLR in
various industrial sectors is estimated; the estimated PCLR in the
manufacturing sectors are then compared to the corresponding index of
industrial production. The results demonstrate that the estimated values
are close to the actual production indices in the overall manufacturing
sector and many of the individual sectors.
Journal: Economic Systems Research
Pages: 13-38
Issue: 1
Volume: 26
Year: 2014
Month: 3
X-DOI: 10.1080/09535314.2013.872081
File-URL: http://hdl.handle.net/10.1080/09535314.2013.872081
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:1:p:13-38
Template-Type: ReDIF-Article 1.0
Author-Name: Olaf Jonkeren
Author-X-Name-First: Olaf
Author-X-Name-Last: Jonkeren
Author-Name: Georgios Giannopoulos
Author-X-Name-First: Georgios
Author-X-Name-Last: Giannopoulos
Title: ANALYSING CRITICAL INFRASTRUCTURE FAILURE WITH A RESILIENCE INOPERABILITY INPUT--OUTPUT MODEL
Abstract:
Over the past few years much effort has
been made in modelling economic losses resulting from critical
infrastructure failure. It has appeared that including resilience measures
in the modelling approach, which may mute the losses considerably, is a
challenging task. At the same time it is necessary because it prevents the
modeller from generating overestimates. This study presents two directions
to improve the modelling of (economic) resilience for which the
state-of-the art with respect to dynamic inoperability input--output
modelling is taken as a starting point. Firstly, the new model allows for
a different recovery path than the traditionally assumed 'concave up
decreasing curve' describes for a disrupted infrastructure or economic
sector in the aftermath of a disaster. In this paper, we explain how the
recovery path may depend on the type of disaster. Secondly, the model
refines the aspect of 'inventory' as a resilience measure. Inventory is
interpreted in a broad sense here: it can be any resilience measures which
enable an infrastructure or economic sector to continue its supply despite
being disrupted. The model is applied to both a simple two-sector
illustrative example and a severe winter storm scenario in Europe using
economic data from the World Input--Output Database to show its practical
usefulness.
Journal: Economic Systems Research
Pages: 39-59
Issue: 1
Volume: 26
Year: 2014
Month: 3
X-DOI: 10.1080/09535314.2013.872604
File-URL: http://hdl.handle.net/10.1080/09535314.2013.872604
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Template-Type: ReDIF-Article 1.0
Author-Name: Joost R. Santos
Author-X-Name-First: Joost R.
Author-X-Name-Last: Santos
Author-Name: Krista Danielle S. Yu
Author-X-Name-First: Krista Danielle S.
Author-X-Name-Last: Yu
Author-Name: Sheree Ann T. Pagsuyoin
Author-X-Name-First: Sheree Ann T.
Author-X-Name-Last: Pagsuyoin
Author-Name: Raymond R. Tan
Author-X-Name-First: Raymond R.
Author-X-Name-Last: Tan
Title: TIME-VARYING DISASTER RECOVERY MODEL FOR INTERDEPENDENT ECONOMIC SYSTEMS USING HYBRID INPUT--OUTPUT AND EVENT TREE ANALYSIS
Abstract:
Disasters damage physical infrastructure
systems, disrupt the movement of people and commodities, and cause
significant economic losses. This paper develops an I--O model extension
using an event tree analysis to assess the propagation of disaster effects
across interdependent economic sectors using the inoperability and
economic loss metrics. Inoperability, a dimensionless index that ranges
between 0 and 1, indicates the extent to which a sector's production
deviates below its normal state. On the other hand, economic loss is the
monetary worth of the drop in output incurred in each sector of the
economy due to the disaster. The new dynamic I--O extension is capable of
adjusting the inoperability parameters within the disaster timeline to
reflect events that can either degrade or enhance the predicted paths of
sector recovery. It was implemented to the Nashville region -- a
metropolitan area in the USA known for its vibrant music and the tourism
industry. The Nashville region is frequently hit by natural disasters such
as tornadoes and floods, which makes it a suitable case study site for the
model application. Results of the study can help identify critical
economic sectors and ultimately provide insights for formulating
preparedness decisions to expedite disaster recovery.
Journal: Economic Systems Research
Pages: 60-80
Issue: 1
Volume: 26
Year: 2014
Month: 3
X-DOI: 10.1080/09535314.2013.872602
File-URL: http://hdl.handle.net/10.1080/09535314.2013.872602
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:1:p:60-80
Template-Type: ReDIF-Article 1.0
Author-Name: Krista Danielle S. Yu
Author-X-Name-First: Krista Danielle S.
Author-X-Name-Last: Yu
Author-Name: Raymond R. Tan
Author-X-Name-First: Raymond R.
Author-X-Name-Last: Tan
Author-Name: Kathleen B. Aviso
Author-X-Name-First: Kathleen B.
Author-X-Name-Last: Aviso
Author-Name: Michael Angelo B. Promentilla
Author-X-Name-First: Michael Angelo B.
Author-X-Name-Last: Promentilla
Author-Name: Joost R. Santos
Author-X-Name-First: Joost R.
Author-X-Name-Last: Santos
Title: A VULNERABILITY INDEX FOR POST-DISASTER KEY SECTOR PRIORITIZATION
Abstract:
Input--output-based techniques have proven
to be effective in modeling how disasters lead to economic disruptions,
while taking into account the structural connectivity of economic systems.
In particular, through the inoperability input--output model (IIM), the
degree of failure in an economic system can be quantified on a scale from
0 (normal state) to 1 (complete failure). This paper develops a
vulnerability index that builds upon the foundations of the Leontief
input--output model and the IIM, which is capable of identifying and
prioritizing the key sectors in the aftermath of disasters. The key sector
prioritization framework proposed in this paper is expected to contribute
to the domain of disaster preparedness planning, such as enhancing the
efficiency of resource allocation across various sectors. The proposed
vulnerability index is formulated in terms of three underlying components:
(1) economic impact, (2) propagation length, and (3) sector size. The
vulnerability index captures the impact of investments to various sectors
in times of disaster in order to yield the maximum benefits to the entire
economy. This paper considers a baseline scenario that assumes that the
decision-maker has an equal preference for all index components. Using
Monte Carlo simulation and sensitivity analysis, we investigated the
extent to which the key sector rankings could fluctuate with respect to
variations in the decision-maker preferences. Key sectors tend to be
sensitive to the weight assignments across the three vulnerability index
components; nevertheless, some sectors are less sensitive to such weight
variations and may persist on their level of priority, independent of the
scenario. Using the Philippine input--output data, we found that the
private services sector is consistently a high-priority sector, the trade
sector is a mid-priority sector while the real estate and ownership of
dwellings sector tend to be a low-priority sector.
Journal: Economic Systems Research
Pages: 81-97
Issue: 1
Volume: 26
Year: 2014
Month: 3
X-DOI: 10.1080/09535314.2013.872603
File-URL: http://hdl.handle.net/10.1080/09535314.2013.872603
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:1:p:81-97
Template-Type: ReDIF-Article 1.0
Author-Name: Yasuhide Okuyama
Author-X-Name-First: Yasuhide
Author-X-Name-Last: Okuyama
Title: DISASTER AND ECONOMIC STRUCTURAL CHANGE: CASE STUDY ON THE 1995 KOBE EARTHQUAKE
Abstract:
In 1995, the Kobe Earthquake occurred in
the second largest economic region of Japan, and its economic damages were
accounted around 10 trillion yen. A catastrophic event of this magnitude
would have surely created some long-run effects to the regional economy as
well as to the surrounding regions. Additionally, the recovery and
reconstruction activities would have affected the economic structure of
the region and interdependence between regions in a potentially different
way from the original growth trend before the event. While these long-run
economic effects may have become sizable, few studies have been conducted
to empirically measure or evaluate such effects, due to the significant
noises in economic data muddled with macroeconomic influences from the
outside. This paper presents an empirical investigation of long-run
economic effects of the Kobe Earthquake, using structural decomposition
methods. The results indicate significant changes in economic structure of
the Kobe economy, and the changes are quite different across sectors and
among factors. An additional investigation using shift-share analysis
yielded the regional-specific changes; the corresponding decomposed
factors of structural analysis with shift-share results appear
complicated, and changes in regional final demand were found to be most
influential to the changes in output for many sectors.
Journal: Economic Systems Research
Pages: 98-117
Issue: 1
Volume: 26
Year: 2014
Month: 3
X-DOI: 10.1080/09535314.2013.871506
File-URL: http://hdl.handle.net/10.1080/09535314.2013.871506
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:1:p:98-117
Template-Type: ReDIF-Article 1.0
Author-Name: Haiyan Zhang
Author-X-Name-First: Haiyan
Author-X-Name-Last: Zhang
Author-Name: Michael L. Lahr
Author-X-Name-First: Michael L.
Author-X-Name-Last: Lahr
Title: CAN THE CARBONIZING DRAGON BE DOMESTICATED? INSIGHTS FROM A DECOMPOSITION OF ENERGY CONSUMPTION AND INTENSITY IN CHINA, 1987--2007
Abstract:
China has relied on energy to stimulate
its booming economy. As a result, its share of world energy consumption
rose to 17.3% in 2009 from 7.9% in 1978. Somewhat surprisingly, through
2000 its rate of energy consumption was about half its rate of economic
growth. This trend changed after 2001 as energy consumption rose about 1.3
times more rapidly than did gross domestic product through 2005. Through
heavy governmental influence, energy intensity subsequently reduced
through 2007, but just marginally. This paper uses the structural
decomposition approach to understand key drivers behind changes in China's
energy intensity and its energy consumption from 1987 to 2007. In our
model, energy intensity change was decomposed into five factors: changes
in energy efficiency, changes in share of value added, changes in input
structure, changes in consumption structure, and changes in consumption
volume. This paper provides insights into how changes in China's economic
structure, technology, urbanization, and lifestyle affect energy intensity
and energy consumption.
Journal: Economic Systems Research
Pages: 119-140
Issue: 2
Volume: 26
Year: 2014
Month: 6
X-DOI: 10.1080/09535314.2014.880663
File-URL: http://hdl.handle.net/10.1080/09535314.2014.880663
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:2:p:119-140
Template-Type: ReDIF-Article 1.0
Author-Name: Mar�a Teresa �lvarez-Mart�nez
Author-X-Name-First: Mar�a Teresa
Author-X-Name-Last: �lvarez-Mart�nez
Author-Name: Clemente Polo
Author-X-Name-First: Clemente
Author-X-Name-Last: Polo
Title: REDUCE EMPLOYERS' SOCIAL SECURITY CONTRIBUTIONS AND CONTROL LABOR FRAUD: REMEDIES FOR SPAIN'S AILING ECONOMY?
Abstract:
The aim of this paper is to quantify the
impact of the reduction on social security contributions (SSCs) of
employers recently claimed by the Spanish enterprisers' organizations on
the main macroeconomic variables. The effects of this tax reform are
evaluated with a Computable General Equilibrium model with the
neoclassical closure rule. The model is calibrated with a Social
Accounting Matrix for the year 2000 (SAMES-00) elaborated by the authors.
Results show that lower SSCs of employers raise employment, households'
welfare and real gross domestic product (GDP) but also increase the public
deficit. These positive effects remain when the reduction is compensated
with personal income taxes to keep the public deficit/GDP ratio constant
and also when the compensating variable is value-added tax (VAT). Unlike
in previous studies, the most positive effects are obtained when the lower
public revenues are compensated via lower coverage of unemployment
benefits.
Journal: Economic Systems Research
Pages: 141-154
Issue: 2
Volume: 26
Year: 2014
Month: 6
X-DOI: 10.1080/09535314.2014.897218
File-URL: http://hdl.handle.net/10.1080/09535314.2014.897218
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:2:p:141-154
Template-Type: ReDIF-Article 1.0
Author-Name: Mat�as Piaggio
Author-X-Name-First: Mat�as
Author-X-Name-Last: Piaggio
Author-Name: Vicent Alc�ntara
Author-X-Name-First: Vicent
Author-X-Name-Last: Alc�ntara
Author-Name: Emilio Padilla
Author-X-Name-First: Emilio
Author-X-Name-Last: Padilla
Title: GREENHOUSE GAS EMISSIONS AND ECONOMIC STRUCTURE IN URUGUAY
Abstract:
Using input--output analysis, we identify
the key sectors in greenhouse gas (GHG) emissions of the Uruguayan
economy. The responsibilities of each sector in terms of its emissions are
decomposed into an own component, generated during the activities of the
sector, and an indirect component, generated by the induced activities in
other sectors. This has important implications for the design of
mitigation polices, as the appropriate policy measures are contingent on
the nature of the pollution. Technical improvements and best practices are
effective only when applied to directly polluting sectors, while demand
policies may be more appropriate for indirectly polluting sectors. In
addition, we analyze pollution generated during the production of exports.
The results show that demand policies are going to be effective in the
Building, the Hotel and restaurants, and the Wholesale and retail trade;
and repair of motor vehicles and motorcycles sectors. These policies
complement GHG emissions' mitigation policies in directly polluting
sectors (mainly the Cattle farming and the transport-related sectors).
Finally, methane and nitrous oxide emissions are mainly the consequence of
production for exports, while carbon dioxide emissions are mainly driven
by production for domestic consumption.
Journal: Economic Systems Research
Pages: 155-176
Issue: 2
Volume: 26
Year: 2014
Month: 6
X-DOI: 10.1080/09535314.2013.869559
File-URL: http://hdl.handle.net/10.1080/09535314.2013.869559
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:2:p:155-176
Template-Type: ReDIF-Article 1.0
Author-Name: Jaroslav Sixta
Author-X-Name-First: Jaroslav
Author-X-Name-Last: Sixta
Author-Name: Jakub Fischer
Author-X-Name-First: Jakub
Author-X-Name-Last: Fischer
Title: USING INPUT--OUTPUT TABLES FOR ESTIMATES OF CZECH GROSS DOMESTIC PRODUCT 1970--1989
Abstract:
The paper describes the transformation of
original macroeconomic data for the Czech Republic in the period of
socialism to the current methodology of national accounts. Since the Czech
Republic was a part of former Czechoslovakia, such estimates were not
usually published. The key approach is based on symmetric input--output
tables (SIOTs) that allow the description of several segments of the
economy. SIOTs were compiled directly from data sources on a regular basis
instead of supply and use tables. We used SIOTs for 1973 and 1987 to
investigate thoroughly the differences between the previously used
Material Product System (MPS) and the System of National Accounts (SNA).
After that, we identified the most important differences between MPS and
SNA, and constructed the time series of Czech gross domestic product for
1970--1989. The estimated time series are fully consistent with official
figures of the Czech Statistical Office published from 1990 onwards.
Journal: Economic Systems Research
Pages: 177-196
Issue: 2
Volume: 26
Year: 2014
Month: 6
X-DOI: 10.1080/09535314.2013.853651
File-URL: http://hdl.handle.net/10.1080/09535314.2013.853651
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:2:p:177-196
Template-Type: ReDIF-Article 1.0
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Daniel D. Moran
Author-X-Name-First: Daniel D.
Author-X-Name-Last: Moran
Author-Name: Arne Geschke
Author-X-Name-First: Arne
Author-X-Name-Last: Geschke
Author-Name: Keiichiro Kanemoto
Author-X-Name-First: Keiichiro
Author-X-Name-Last: Kanemoto
Title: A NON-SIGN-PRESERVING RAS VARIANT
Abstract:
We have developed a variant of the RAS
generalised iterative scaling method that is able to change the sign
between successive iterates, and thus fulfil constraints that are
infeasible for existing RAS variants. Like earlier RAS variants, our
method can handle constraints on arbitrarily sized and shaped subsets of
matrix elements, include reliability of the initial estimate and the
external constraints, and deal with negative values.
Journal: Economic Systems Research
Pages: 197-208
Issue: 2
Volume: 26
Year: 2014
Month: 6
X-DOI: 10.1080/09535314.2014.897933
File-URL: http://hdl.handle.net/10.1080/09535314.2014.897933
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:2:p:197-208
Template-Type: ReDIF-Article 1.0
Author-Name: Theodore Mariolis
Author-X-Name-First: Theodore
Author-X-Name-Last: Mariolis
Author-Name: Lefteris Tsoulfidis
Author-X-Name-First: Lefteris
Author-X-Name-Last: Tsoulfidis
Title: ON BR�DY'S CONJECTURE: THEORY, FACTS AND FIGURES ABOUT INSTABILITY OF THE US ECONOMY
Abstract:
Br�dy's conjecture regarding the
instability of economies is submitted to an empirical test using
input--output flow tables of varying size for the US economy, for the
benchmark years 1997 and 2002, as well as for the period 1998--2011. The
results obtained using input--output tables of various dimensions lend
support to the view of increasing instability (in the sense of Br�dy) of
the US economy over the period considered. Furthermore, our analysis shows
that only a few vertically integrated industries are enough to shape the
behaviour of the entire economy in the case of a disturbance. These
results may usefully be contrasted with those derived in a parallel
literature on aggregate fluctuations from microeconomic 'idiosyncratic'
shocks.
Journal: Economic Systems Research
Pages: 209-223
Issue: 2
Volume: 26
Year: 2014
Month: 6
X-DOI: 10.1080/09535314.2013.879698
File-URL: http://hdl.handle.net/10.1080/09535314.2013.879698
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:2:p:209-223
Template-Type: ReDIF-Article 1.0
Author-Name: Chang K. Seung
Author-X-Name-First: Chang K.
Author-X-Name-Last: Seung
Title: MEASURING SPILLOVER EFFECTS OF SHOCKS TO THE ALASKA ECONOMY: AN INTER-REGIONAL SOCIAL ACCOUNTING MATRIX (IRSAM) MODEL APPROACH
Abstract:
An inter-regional social accounting matrix
(IRSAM) model is used to estimate the spillover effects occurring between
economies of two US regions -- (i) Alaska, which depends heavily on
imports of commodities and factors of production from outside the region,
and (ii) the rest of the US (RoUS). Multiplier decomposition is used to
calculate intra-regional multipliers and spillover effects between the two
regions. Results show that a significant percentage (46.3--70.8%) of the
total secondary impacts of a shock to Alaskan industries leaks out of
Alaska and flows to the RoUS. An analysis of household multipliers
indicates that over 60% of the total secondary effects of an increase in
Alaska household income accrues to the RoUS households. Policymakers are
concerned with identifying the magnitude, nature, and geographic
distribution of economic impacts from the policies they implement. The
IRSAM model provides the framework for a better understanding of the
intra-regional and spillover effects of policies.
Journal: Economic Systems Research
Pages: 224-238
Issue: 2
Volume: 26
Year: 2014
Month: 6
X-DOI: 10.1080/09535314.2013.803039
File-URL: http://hdl.handle.net/10.1080/09535314.2013.803039
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:2:p:224-238
Template-Type: ReDIF-Article 1.0
Author-Name: Satoshi Inomata
Author-X-Name-First: Satoshi
Author-X-Name-Last: Inomata
Author-Name: Anne Owen
Author-X-Name-First: Anne
Author-X-Name-Last: Owen
Title: COMPARATIVE EVALUATION OF MRIO DATABASES
Abstract:
This editorial is the introduction to a special issue of Economics
Systems Research on the topic of intercomparison of
multi-regional input-output (MRIO) databases and analyses. It explains the
rationale for dedicating an issue of this journal to this area of
research. Then the six papers chosen for this issue are introduced. This
is followed by a concluding section outlining future directions for
developers and users of MRIO databases.
Journal: Economic Systems Research
Pages: 239-244
Issue: 3
Volume: 26
Year: 2014
Month: 9
X-DOI: 10.1080/09535314.2014.940856
File-URL: http://hdl.handle.net/10.1080/09535314.2014.940856
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:3:p:239-244
Template-Type: ReDIF-Article 1.0
Author-Name: Daniel Moran
Author-X-Name-First: Daniel
Author-X-Name-Last: Moran
Author-Name: Richard Wood
Author-X-Name-First: Richard
Author-X-Name-Last: Wood
Title: CONVERGENCE BETWEEN THE EORA, WIOD, EXIOBASE, AND OPENEU'S CONSUMPTION-BASED CARBON ACCOUNTS
Abstract:
In this paper, we take an overview of several of the biggest independently
constructed global multi-regional input-output (MRIO) databases and ask
how reliable and consonant these databases are. The key question is
whether MRIO accounts are robust enough for setting environmental
policies. This paper compares the results of four global MRIOs: Eora,
WIOD, EXIOBASE, and the GTAP-based OpenEU databases, and investigates how
much each diverges from the multi-model mean. We also use Monte Carlo
analysis to conduct sensitivity analysis of the robustness of each
accounts' results and we test to see how much variation in the
environmental satellite account, rather than the economic structure
itself, causes divergence in results. After harmonising the satellite
account, we found that carbon footprint results for most major economies
disagree by>10% between MRIOs. Confidence estimates are necessary if MRIO
methods and consumption-based accounting are to be used in environmental
policy-making at the national level.
Journal: Economic Systems Research
Pages: 245-261
Issue: 3
Volume: 26
Year: 2014
Month: 9
X-DOI: 10.1080/09535314.2014.935298
File-URL: http://hdl.handle.net/10.1080/09535314.2014.935298
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:3:p:245-261
Template-Type: ReDIF-Article 1.0
Author-Name: Anne Owen
Author-X-Name-First: Anne
Author-X-Name-Last: Owen
Author-Name: Kjartan Steen-Olsen
Author-X-Name-First: Kjartan
Author-X-Name-Last: Steen-Olsen
Author-Name: John Barrett
Author-X-Name-First: John
Author-X-Name-Last: Barrett
Author-Name: Thomas Wiedmann
Author-X-Name-First: Thomas
Author-X-Name-Last: Wiedmann
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Title: A STRUCTURAL DECOMPOSITION APPROACH TO COMPARING MRIO DATABASES
Abstract:
The construction of multi-regional input-output tables is complex, and
databases produced using different approaches lead to different analytical
outcomes. We outline a decomposition methodology for investigating the
variations that exist when using different multiregional input-output
(MRIO) systems to calculate a region's consumption-based account.
Structural decomposition analysis attributes the change in emissions to a
set of dependent determinants, such as technical coefficients, the
Leontief inverse and final demands. We apply our methodology to three MRIO
databases - Eora, GTAP and WIOD. Findings reveal that the variation
between Eora and GTAP can be attributed to differences in the Leontief
inverse and emissions' data, whereas the variation between Eora and WIOD
is due to differences in final demand and the Leontief inverse. For the
majority of regions, GTAP and WIOD produce similar results. The approach
in this study could help move MRIO databases from the academic arena to a
useful policy instrument.
Journal: Economic Systems Research
Pages: 262-283
Issue: 3
Volume: 26
Year: 2014
Month: 9
X-DOI: 10.1080/09535314.2014.935299
File-URL: http://hdl.handle.net/10.1080/09535314.2014.935299
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:3:p:262-283
Template-Type: ReDIF-Article 1.0
Author-Name: Kjartan Steen-Olsen
Author-X-Name-First: Kjartan
Author-X-Name-Last: Steen-Olsen
Author-Name: Anne Owen
Author-X-Name-First: Anne
Author-X-Name-Last: Owen
Author-Name: Edgar G. Hertwich
Author-X-Name-First: Edgar G.
Author-X-Name-Last: Hertwich
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Title: EFFECTS OF SECTOR AGGREGATION ON CO2 MULTIPLIERS IN MULTIREGIONAL INPUT-OUTPUT ANALYSES
Abstract:
The past few years have seen the emergence of several global multiregional
input-output (MRIO) databases. Due to the cost and complexity of
developing such extensive tables, industry sectors are generally
represented at a rather aggregate level. Currently, one of the most
important applications of input-output analysis is environmental
assessments, for which highly aggregate sectors may not be sufficient to
yield accurate results. We experiment with four of the most important
global MRIO systems available, analyzing the sensitivity of a set of
aggregate CO2 multipliers to aggregations in the MRIO tables
used to calculate them. Across databases, we find (a) significant
sensitivity to background system detail and (b) that sub-sectors contained
within the same aggregate MRIO sector may exhibit highly different carbon
multipliers. We conclude that the additional information provided by the
extra sector detail may warrant the additional costs of compilation, due
to the heterogeneous nature of economic sectors in terms of their
environmental characteristics.
Journal: Economic Systems Research
Pages: 284-302
Issue: 3
Volume: 26
Year: 2014
Month: 9
X-DOI: 10.1080/09535314.2014.934325
File-URL: http://hdl.handle.net/10.1080/09535314.2014.934325
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:3:p:284-302
Template-Type: ReDIF-Article 1.0
Author-Name: Konstantin Stadler
Author-X-Name-First: Konstantin
Author-X-Name-Last: Stadler
Author-Name: Kjartan Steen-Olsen
Author-X-Name-First: Kjartan
Author-X-Name-Last: Steen-Olsen
Author-Name: Richard Wood
Author-X-Name-First: Richard
Author-X-Name-Last: Wood
Title: THE 'REST OF THE WORLD' - ESTIMATING THE ECONOMIC STRUCTURE OF MISSING REGIONS IN GLOBAL MULTI-REGIONAL INPUT-OUTPUT TABLES
Abstract:
Incomplete data for the economic structure of numerous countries hamper
the compilation of global multi-regional input-output (MRIO) tables. By
themselves, most of these countries are of only limited importance for the
global economy and incumbent environmental issues. Hence, in most recent
global MRIO tables these countries are either roughly estimated or
summarised in one rest of the world (RoW) region. Combining a wide range
of countries, this RoW region may play a significant role in global
economic and environmental accounts. We conceptualise the importance of
RoW in several environmental footprint accounts and present algorithms to
estimate the structure of RoW. The approach utilises the information of
the economic structure within known parts of the MRIO table to estimate
the unknown structure. Using this method, global warming potential and
employment footprints remain stable irrespective of the chosen initial
estimates, whereas natural land use footprints and individual product
impacts vary significantly.
Journal: Economic Systems Research
Pages: 303-326
Issue: 3
Volume: 26
Year: 2014
Month: 9
X-DOI: 10.1080/09535314.2014.936831
File-URL: http://hdl.handle.net/10.1080/09535314.2014.936831
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:3:p:303-326
Template-Type: ReDIF-Article 1.0
Author-Name: I�aki Arto
Author-X-Name-First: I�aki
Author-X-Name-Last: Arto
Author-Name: Jos� M. Rueda-Cantuche
Author-X-Name-First: Jos� M.
Author-X-Name-Last: Rueda-Cantuche
Author-Name: Glen P. Peters
Author-X-Name-First: Glen P.
Author-X-Name-Last: Peters
Title: COMPARING THE GTAP-MRIO AND WIOD DATABASES FOR CARBON FOOTPRINT ANALYSIS
Abstract:
We explore two different worldwide multi-regional input-output (MRIO)
databases (Global Trade Analysis Project-MRIO and World Input-Output
Database) for the calculation of the global carbon footprint (CF) of
nations. We start our analysis with a description of the main
characteristics of the databases and then make a comparison between their
main components. Then, we calculate the CF with both databases and
identify (from a global perspective) the most relevant factors underlying
their differences using structural decomposition analysis. On average,
certain parts of both databases (e.g. intermediate uses and final demand)
can be said to be similar for around 75% to 80%, with only a few elements
in each part mainly driving the major differences. The divergences in the
datasets of four countries explain almost 50% of the differences in the CF
(the USA, China, Russia and India). Industry-wise, 50% of the differences
can be explained by the divergences in electricity, refining and inland
transport industries.
Journal: Economic Systems Research
Pages: 327-353
Issue: 3
Volume: 26
Year: 2014
Month: 9
X-DOI: 10.1080/09535314.2014.939949
File-URL: http://hdl.handle.net/10.1080/09535314.2014.939949
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:3:p:327-353
Template-Type: ReDIF-Article 1.0
Author-Name: Arne Geschke
Author-X-Name-First: Arne
Author-X-Name-Last: Geschke
Author-Name: Richard Wood
Author-X-Name-First: Richard
Author-X-Name-Last: Wood
Author-Name: Keiichiro Kanemoto
Author-X-Name-First: Keiichiro
Author-X-Name-Last: Kanemoto
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Daniel Moran
Author-X-Name-First: Daniel
Author-X-Name-Last: Moran
Title: INVESTIGATING ALTERNATIVE APPROACHES TO HARMONISE MULTI-REGIONAL INPUT-OUTPUT DATA
Abstract:
Over recent years a small number of global multi-regional input-output
(MRIO) databases were developed to describe the entire global economy at
high sector detail. We investigate the differences that arise out of
applying different construction procedures for two global MRIO databases:
The EXIOBASE database, developed as part of the EU FP6 & 7 programs and
the Eora database developed at the University of Sydney. The procedures
used in EXIOBASE involve a high degree of interrogation and adjustment
throughout the construction of the data set, whilst the Eora MRIO relies
on single-step mathematical programming techniques and high-performance
computing. We unravel the effect of the different approaches taken to
develop the databases by undertaking a number of combinatorial experiments
in which we exchange parts of the construction process between the
EXIOBASE and Eora build pipelines. We conclude that Eora's highly
automated data reconciliation approach produces MRIO databases that are of
comparable quality to those constructed with EXIOBASE's multi-step
approach. However, the reliability and robustness of the resulting MRIO
database largely depend on the level of detail and reliability of the
underlying raw data.
Journal: Economic Systems Research
Pages: 354-385
Issue: 3
Volume: 26
Year: 2014
Month: 9
X-DOI: 10.1080/09535314.2014.937069
File-URL: http://hdl.handle.net/10.1080/09535314.2014.937069
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:3:p:354-385
Template-Type: ReDIF-Article 1.0
Author-Name: Richard Wood
Author-X-Name-First: Richard
Author-X-Name-Last: Wood
Author-Name: Troy R. Hawkins
Author-X-Name-First: Troy R.
Author-X-Name-Last: Hawkins
Author-Name: Edgar G. Hertwich
Author-X-Name-First: Edgar G.
Author-X-Name-Last: Hertwich
Author-Name: Arnold Tukker
Author-X-Name-First: Arnold
Author-X-Name-Last: Tukker
Title: HARMONISING NATIONAL INPUT-OUTPUT TABLES FOR CONSUMPTION-BASED ACCOUNTING - EXPERIENCES FROM EXIOPOL
Abstract:
Environmentally extended, multi-regional, input-output (MRIO) databases
have emerged to fulfil the need for mapping the impacts of globalisation,
following resource-intensive supply chains crossing country borders.
EXIOBASE is one such data set designed for use in analysis relevant to
resource use and European Union policy. It provides the most detailed
harmonised sector classification in any MRIO and integrates data from a
wide range of sources. We review the necessary steps in order to harmonise
source data in MRIO databases, and describe methods to increase the
product and industry detail of aggregate supply and use tables (SUTs) in
order to provide a homogenous classification across countries that allows
resource-specific modelling. We cover mathematical programming approaches
used to reconcile data sets, and investigate some implications of reverse
engineering symmetric input-output tables and disaggregating the SUTs. We
focus particularly on the footprint multiplier at the product level, where
policy formation is targeted.
Journal: Economic Systems Research
Pages: 387-409
Issue: 4
Volume: 26
Year: 2014
Month: 12
X-DOI: 10.1080/09535314.2014.960913
File-URL: http://hdl.handle.net/10.1080/09535314.2014.960913
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:4:p:387-409
Template-Type: ReDIF-Article 1.0
Author-Name: Rosa Duarte
Author-X-Name-First: Rosa
Author-X-Name-Last: Duarte
Author-Name: Sofiane Rebahi
Author-X-Name-First: Sofiane
Author-X-Name-Last: Rebahi
Author-Name: Julio S�nchez-Ch�liz
Author-X-Name-First: Julio
Author-X-Name-Last: S�nchez-Ch�liz
Author-Name: Cristina Sarasa
Author-X-Name-First: Cristina
Author-X-Name-Last: Sarasa
Title: HOUSEHOLDS' BEHAVIOUR AND ENVIRONMENTAL EMISSIONS IN A REGIONAL ECONOMY
Abstract:
Households have significant demand-side potential to drive reductions in
atmospheric emissions, including both direct and indirect emissions. Our
analysis focuses on the behaviour of a regional economy (Aragon, Spain)
and its impact on greenhouse gases (GHG) and sulphur dioxide
(SO2). Using a CGE model, we simulate scenarios and evaluate
the environmental impact of adopting changes considered in the Aragonese
Climate Change and Clean Energy Strategy. Specifically, we analyse the
impact of electricity savings and the promotion of public transport (bus
or train) versus private car use. The results indicate that 1 MWh of
saving in electricity consumption by households could reduce emissions of
GHG by 0.112 kt of equivalent CO2 and 8.209 kg of
SO2 with a shift in demand preferences and 0.022 kt of
equivalent CO2 and 7.612 kg of SO2 with an
efficiency improvement. Moreover, household changes in demand preferences
regarding private/public transport, also contribute to reduce emissions.
Journal: Economic Systems Research
Pages: 410-430
Issue: 4
Volume: 26
Year: 2014
Month: 12
X-DOI: 10.1080/09535314.2014.903231
File-URL: http://hdl.handle.net/10.1080/09535314.2014.903231
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:4:p:410-430
Template-Type: ReDIF-Article 1.0
Author-Name: Chen Lin
Author-X-Name-First: Chen
Author-X-Name-Last: Lin
Author-Name: Jing Li
Author-X-Name-First: Jing
Author-X-Name-Last: Li
Author-Name: Dezhi Li
Author-X-Name-First: Dezhi
Author-X-Name-Last: Li
Title: THE POWER OF VISIBLE HANDS: AN ENVIRONMENTAL STRUCTURAL DECOMPOSITION ANALYSIS CONSIDERING THE PEOPLE'S DAILY EFFECT
Abstract:
As an organ of the Central Committee of the Communist Party of China, the
People's Daily (PD) has a critical influence on China's policies and
economy. This study examines the impact of the PD on China's economic
structural changes and industry environmental performance. To separate the
'PD effect' from other effects in total sectoral CO2 emission
changes, we propose a new variation of structural decomposition analysis
using the frequencies of keywords employed in the PD. We use data from the
PD for 2001 to 2011 and the Chinese input-output tables for 2002, 2005,
2007, and 2010. The results show that, on average, the PD effect explains
about 11% of changes in total sectoral CO2 emissions.
Specifically, the PD has a relatively strong impact on the mining and
utility sectors, while its impact on the manufacturing sectors is
relatively weak.
Journal: Economic Systems Research
Pages: 431-443
Issue: 4
Volume: 26
Year: 2014
Month: 12
X-DOI: 10.1080/09535314.2014.939612
File-URL: http://hdl.handle.net/10.1080/09535314.2014.939612
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:4:p:431-443
Template-Type: ReDIF-Article 1.0
Author-Name: Tomohiro Okadera
Author-X-Name-First: Tomohiro
Author-X-Name-Last: Okadera
Author-Name: Nobuhiro Okamoto
Author-X-Name-First: Nobuhiro
Author-X-Name-Last: Okamoto
Author-Name: Masataka Watanabe
Author-X-Name-First: Masataka
Author-X-Name-Last: Watanabe
Author-Name: Jaruwan Chontanawat
Author-X-Name-First: Jaruwan
Author-X-Name-Last: Chontanawat
Title: REGIONAL WATER FOOTPRINTS OF THE YANGTZE RIVER: AN INTERREGIONAL INPUT-OUTPUT APPROACH
Abstract:
Recently, researchers have applied the multi-regional input-output (MRIO)
approach to water footprint (WF) analysis. The concept of interregional
input-output (R-MRIO) was developed to analyse regional issues.
Researchers have concentrated on the development of global or
international input-output (N-MRIO) tables. Using the N-MRIO and the
R-MRIO approach allows the study of global and regional issues,
respectively. The WF is an indicator influenced by trade among nations and
regions. However, the treatment of imports in an R-MRIO approach differs
in whether international imports are separated or combined. We evaluate
the effects of the difference between these models and discuss policy
implications for the Yangtze River, China. The WF calculated using the
combined type model is 11% larger than that by the separated type model.
This difference can be ascribed to international imports, mainly internal
consumption and interregional trade. We find that this difference affects
social equity in water-abundant areas.
Journal: Economic Systems Research
Pages: 444-462
Issue: 4
Volume: 26
Year: 2014
Month: 12
X-DOI: 10.1080/09535314.2014.934324
File-URL: http://hdl.handle.net/10.1080/09535314.2014.934324
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:4:p:444-462
Template-Type: ReDIF-Article 1.0
Author-Name: Aleix Altimiras-Martin
Author-X-Name-First: Aleix
Author-X-Name-Last: Altimiras-Martin
Title: ANALYSING THE STRUCTURE OF THE ECONOMY USING PHYSICAL INPUT-OUTPUT TABLES
Abstract:
Analyses using physical input-output tables (PIOTs) are key to
understanding the physical metabolism of economies, since they relate
production to the generation of emissions and use of resources. Two
methods have been developed to calculate the primary resources and
emissions associated with a given final demand. However, one of these
alters the PIOT, revealing different technical coefficients and Leontief
inverse matrices. Which method should be used for structural analysis? In
this paper, I compare both methods, explain the structural differences
between them and illustrate the latter through a backward linkage
analysis. I find that only one method is suited to the analysis of the
physical structure of the economy, since it comprehends both the
production of goods and associated emissions. The method is identified as
a new model capable of tracing by-products as final outputs. Finally, I
generalise both methods to analyse PIOTs including several emission types.
Journal: Economic Systems Research
Pages: 463-485
Issue: 4
Volume: 26
Year: 2014
Month: 12
X-DOI: 10.1080/09535314.2014.950637
File-URL: http://hdl.handle.net/10.1080/09535314.2014.950637
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:4:p:463-485
Template-Type: ReDIF-Article 1.0
Author-Name: Juan J. Monge
Author-X-Name-First: Juan J.
Author-X-Name-Last: Monge
Author-Name: Henry L. Bryant
Author-X-Name-First: Henry L.
Author-X-Name-Last: Bryant
Author-Name: David P. Anderson
Author-X-Name-First: David P.
Author-X-Name-Last: Anderson
Title: DEVELOPMENT OF REGIONAL SOCIAL ACCOUNTING MATRICES WITH DETAILED AGRICULTURAL LAND RENT DATA AND IMPROVED VALUE-ADDED COMPONENTS FOR THE USA
Abstract:
We describe a method for creating social accounting matrices (SAMs) with
detailed agricultural land rent data for any arbitrary subset of the 48
contiguous states in the USA. Data on land use and land rents from various
public sources is merged with national accounts data. The method
reorganizes the rental income of persons concept present in national
accounts to payments to conventional primary factors of production. This
method also reallocates portions of the indirect business tax account to
the appropriate sales and import tax accounts. SAMs created using this
method should be useful inputs into input-output or computable general
equilibrium models explicitly representing a heterogeneous land market and
analyzing the economic effects of agricultural, bioenergy, water and
climate policies on land-use change, land rents, agricultural commodity
markets, trade and households' welfare. The method's implementation is
freely available, enabling others to rapidly create SAMs with their own
desired region and sector aggregations.
Journal: Economic Systems Research
Pages: 486-510
Issue: 4
Volume: 26
Year: 2014
Month: 12
X-DOI: 10.1080/09535314.2014.889663
File-URL: http://hdl.handle.net/10.1080/09535314.2014.889663
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:4:p:486-510
Template-Type: ReDIF-Article 1.0
Author-Name: Maaike C. Bouwmeester
Author-X-Name-First: Maaike C.
Author-X-Name-Last: Bouwmeester
Author-Name: Jan Oosterhaven
Author-X-Name-First: Jan
Author-X-Name-Last: Oosterhaven
Author-Name: Jos� M. Rueda-Cantuche
Author-X-Name-First: Jos� M.
Author-X-Name-Last: Rueda-Cantuche
Title: A NEW SUT CONSOLIDATION METHOD TESTED BY A DECOMPOSITION OF VALUE ADDED AND CO2 EMBODIED IN EU27 EXPORTS
Abstract:
This paper develops a method to consolidate national supply-use tables
(SUTs) into a single supra-regional SUT. The method deals with mirror
trade statistics problems, such as the different valuation of imports and
exports, and it corrects for double-counting re-exports. The method is
tested by means of a decomposition of value added and CO2
emissions embodied in EU27 exports to third countries. When the national
SUTs for the period 2000-2007 are used, neglecting intra-European Union
spillover and feedback effects results in an underestimation of the
embodied value added of 12-15%. Not consolidating the national tables
properly leads to a further underestimation of 11-16%. With these
underestimations removed, EU27 foreign exports still only explain around
11% of EU27 Gross Domestic Product, whereas they explain 17% of the EU27
CO2 emissions. Hence, the income benefits of these exports are,
in relative terms, considerably smaller than their CO2 emission
cost.
Journal: Economic Systems Research
Pages: 511-541
Issue: 4
Volume: 26
Year: 2014
Month: 12
X-DOI: 10.1080/09535314.2014.892473
File-URL: http://hdl.handle.net/10.1080/09535314.2014.892473
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:4:p:511-541
Template-Type: ReDIF-Article 1.0
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Bart Los
Author-X-Name-First: Bart
Author-X-Name-Last: Los
Title: Editors' Report
Journal: Economic Systems Research
Pages: 542-544
Issue: 4
Volume: 26
Year: 2014
Month: 12
X-DOI: 10.1080/09535314.2014.960912
File-URL: http://hdl.handle.net/10.1080/09535314.2014.960912
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Handle: RePEc:taf:ecsysr:v:26:y:2014:i:4:p:542-544
Template-Type: ReDIF-Article 1.0
Author-Name: Henrique Morrone
Author-X-Name-First: Henrique
Author-X-Name-Last: Morrone
Title: ASSESSING THE IMPACT OF DISTRIBUTIVE POLICIES ON THE BRAZILIAN ECONOMY USING AN SCGE MODEL
Abstract:
This study investigates the impact of macroeconomic policies on the
Brazilian economy. We present a two-sector, open-economy, Structuralist
Computable General Equilibrium model that distinguishes among three
economic classes and assumes no financial sector. The Social Accounting
Matrix for Brazil in 2006 serves as a benchmark for our model. We compare
the medium-run effects of five experiments: an income transfer towards
formal workers, a transfer to informal labour, an investment shock, an
exchange rate depreciation, and a policy mix that combines (exchange rate)
depreciation with income transfer towards modern (sector) workers. The
policy measures reinforce each other in terms of their potential to
enhance growth. Our findings underscore the importance of redistributive
policies to foster economic expansion.
Journal: Economic Systems Research
Pages: 1-18
Issue: 1
Volume: 27
Year: 2015
Month: 3
X-DOI: 10.1080/09535314.2014.971101
File-URL: http://hdl.handle.net/10.1080/09535314.2014.971101
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:1:p:1-18
Template-Type: ReDIF-Article 1.0
Author-Name: Tobias Maier
Author-X-Name-First: Tobias
Author-X-Name-Last: Maier
Author-Name: Anke M�nnig
Author-X-Name-First: Anke
Author-X-Name-Last: M�nnig
Author-Name: Gerd Zika
Author-X-Name-First: Gerd
Author-X-Name-Last: Zika
Title: LABOUR DEMAND IN GERMANY BY INDUSTRIAL SECTOR, OCCUPATIONAL FIELD AND QUALIFICATION UNTIL 2025 - MODEL CALCULATIONS USING THE IAB/INFORGE MODEL
Abstract:
By means of a trend extrapolation of microcensus structures (undertaken by
the German Federal Statistical Office) for the time period 1996-2007, the
projections for labour demand by industrial sector which the IAB already
has at its disposal can be transferred to demand by occupational field and
subsequently by qualification level until 2025. The findings which have
been claimed for some time now are upheld: production-related occupations
will lose in significance, while further increases in employment
particularly in occupations in the service sector are to be expected.
Accordingly, the demand for personnel with a degree from a university or a
university of applied sciences will go on rising, while the labour market
opportunities for unskilled workers will continue to fall. However,
vocational training or its academic counterparts still remain the dominant
form of training in Germany. A continuing employment trend is to be
expected here.
Journal: Economic Systems Research
Pages: 19-42
Issue: 1
Volume: 27
Year: 2015
Month: 3
X-DOI: 10.1080/09535314.2014.997678
File-URL: http://hdl.handle.net/10.1080/09535314.2014.997678
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:1:p:19-42
Template-Type: ReDIF-Article 1.0
Author-Name: Raymond R. Tan
Author-X-Name-First: Raymond R.
Author-X-Name-Last: Tan
Author-Name: Kathleen B. Aviso
Author-X-Name-First: Kathleen B.
Author-X-Name-Last: Aviso
Author-Name: Michael Angelo B. Promentilla
Author-X-Name-First: Michael Angelo B.
Author-X-Name-Last: Promentilla
Author-Name: Francesca Dianne B. Solis
Author-X-Name-First: Francesca Dianne B.
Author-X-Name-Last: Solis
Author-Name: Krista Danielle S. Yu
Author-X-Name-First: Krista Danielle S.
Author-X-Name-Last: Yu
Author-Name: Joost R. Santos
Author-X-Name-First: Joost R.
Author-X-Name-Last: Santos
Title: A SHOCK ABSORPTION INDEX FOR INOPERABILITY INPUT-OUTPUT MODELS
Abstract:
Recent disasters have underscored the importance of enhancing resilience
in economic systems. In this work, we propose a novel shock
absorption index, which provides a measure of the ability of an
economic system to tolerate disruptions. It is assumed that there are
externally defined initial levels of system failure or disruption, as well
as maximum allowable levels of inoperability for each sector. The shock
absorption index is defined as the largest fraction of the anticipated
initial disruption that can be absorbed by the predefined robustness
limits. It provides an overall measure of the robustness of an economic
system towards a disruptive event, which is driven by both the economic
structure and the individual robustness of different sectors. The results
of two case studies illustrate policy-making insights in identifying and
prioritizing risk management strategies for critical systems.
Journal: Economic Systems Research
Pages: 43-59
Issue: 1
Volume: 27
Year: 2015
Month: 3
X-DOI: 10.1080/09535314.2014.922462
File-URL: http://hdl.handle.net/10.1080/09535314.2014.922462
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:1:p:43-59
Template-Type: ReDIF-Article 1.0
Author-Name: Cuihong Yang
Author-X-Name-First: Cuihong
Author-X-Name-Last: Yang
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Jiansuo Pei
Author-X-Name-First: Jiansuo
Author-X-Name-Last: Pei
Author-Name: Xikang Chen
Author-X-Name-First: Xikang
Author-X-Name-Last: Chen
Author-Name: Kunfu Zhu
Author-X-Name-First: Kunfu
Author-X-Name-Last: Zhu
Author-Name: Zhipeng Tang
Author-X-Name-First: Zhipeng
Author-X-Name-Last: Tang
Title: PROCESSING TRADE BIASES THE MEASUREMENT OF VERTICAL SPECIALIZATION IN CHINA
Abstract:
Vertical specialization (VS) is often measured by the import contents of
the exports, using an input-output (I-O) framework. Half of China's
exports are processing exports, which largely depend on imported
intermediate inputs and tie up upstream as well as downstream trade
partners. Thus, one would expect to find strong VS for China. Using the
'ordinary' I-O tables, however, this is not the case. Because the
production of processing exports is only a small part of total production,
the average input structure in the I-O table hides the typical features of
processing exports. Using adapted, tripartite I-O tables (for 2002 and
2007) in which the processing exports have been singled out, indeed
reveals the expected strong VS in China.
Journal: Economic Systems Research
Pages: 60-76
Issue: 1
Volume: 27
Year: 2015
Month: 3
X-DOI: 10.1080/09535314.2014.955463
File-URL: http://hdl.handle.net/10.1080/09535314.2014.955463
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:1:p:60-76
Template-Type: ReDIF-Article 1.0
Author-Name: Thijs ten Raa
Author-X-Name-First: Thijs
Author-X-Name-Last: ten Raa
Author-Name: Victoria Shestalova
Author-X-Name-First: Victoria
Author-X-Name-Last: Shestalova
Title: SUPPLY-USE FRAMEWORK FOR INTERNATIONAL ENVIRONMENTAL POLICY ANALYSIS
Abstract:
The technical variation between countries in the production of goods and
services, in terms of not only input coefficients, but also emission
coefficients, creates scope for international trade to reduce
environmental pressures. For this purpose we extend the theory of trade
and the environment as to accommodate technical variation between
countries in production and emissions. We use and steer close to the
extended input and output tables, which include emission data. By treating
environmental standards analogous to capital and labor capacity
constraints, the aggregation problem for economic and environmental
measures gets the same format as the well-understood aggregation problem
for labor and capital. In a pilot application we determine the gains to
free trade in products and emission permits.
Journal: Economic Systems Research
Pages: 77-94
Issue: 1
Volume: 27
Year: 2015
Month: 3
X-DOI: 10.1080/09535314.2014.922461
File-URL: http://hdl.handle.net/10.1080/09535314.2014.922461
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:1:p:77-94
Template-Type: ReDIF-Article 1.0
Author-Name: Thijs ten Raa
Author-X-Name-First: Thijs
Author-X-Name-Last: ten Raa
Author-Name: Victoria Shestalova
Author-X-Name-First: Victoria
Author-X-Name-Last: Shestalova
Title: COMPLEMENTARITY IN INPUT-OUTPUT ANALYSIS AND STOCHASTICS
Abstract:
The complementarity between the quantity and value systems of input-output
analysis is shown to be the basis of the complementarity problem approach
to computable general equilibrium. The numerical superiority of the latter
to the linear programming approach facilitates stochastic analysis of
input-output scenarios. For the example where Kyoto targets are
underachieved to uncertain degrees, confidence intervals are derived for
the associated consumption reductions.
Journal: Economic Systems Research
Pages: 95-100
Issue: 1
Volume: 27
Year: 2015
Month: 3
X-DOI: 10.1080/09535314.2014.987109
File-URL: http://hdl.handle.net/10.1080/09535314.2014.987109
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:1:p:95-100
Template-Type: ReDIF-Article 1.0
Author-Name: Simon Koesler
Author-X-Name-First: Simon
Author-X-Name-Last: Koesler
Author-Name: Michael Schymura
Author-X-Name-First: Michael
Author-X-Name-Last: Schymura
Title: SUBSTITUTION ELASTICITIES IN A CONSTANT ELASTICITY OF SUBSTITUTION FRAMEWORK - EMPIRICAL ESTIMATES USING NONLINEAR LEAST SQUARES
Abstract:
Elasticities are key parameters for any economic analysis. Using the
World-Input-Output Database, we estimate substitution elasticities for a
three-level nested constant elasticity of substitution KLEM production
structure using up to date nonlinear least squares estimation procedures.
This allows us for the first time to use one coherent data set for the
estimation process. Furthermore, it gives us the opportunity to derive
elasticities from the same data which researchers can use to calibrate
their models. On the basis of our estimations, we demonstrate that the
practice of using Cobb-Douglas or Leontief production functions in
economic models must be rejected for the majority of sectors. We provide a
comprehensive set of estimated substitution elasticities covering a wide
range of sectors. Our results suggest that no substantial change in input
substitutability takes place during the time period we consider. Moreover,
there is no substantial variation in substitution elasticities across
regions.
Journal: Economic Systems Research
Pages: 101-121
Issue: 1
Volume: 27
Year: 2015
Month: 3
X-DOI: 10.1080/09535314.2014.926266
File-URL: http://hdl.handle.net/10.1080/09535314.2014.926266
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:1:p:101-121
Template-Type: ReDIF-Article 1.0
Author-Name: Henryk Gurgul
Author-X-Name-First: Henryk
Author-X-Name-Last: Gurgul
Author-Name: Tomasz W�jtowicz
Author-X-Name-First: Tomasz
Author-X-Name-Last: W�jtowicz
Title: ON THE ECONOMIC INTERPRETATION OF THE BR�DY CONJECTURE
Abstract:
The aim of the paper is to study the economic aspects of the Br�dy
conjecture: an increase in the size of a (random) input matrix causes a
decline in the ratio of its subdominant and dominant eigenvalues and
implies faster convergence to equilibrium [Br�dy, A. (1997) The Second
Eigenvalue of the Leontief Matrix. Economic Systems
Research, 9, 253-258]. Simulation results provide evidence that
this ratio depends inversely on the level of data aggregation and can
therefore not be a good indicator of the speed of convergence of an
economy to its equilibrium path. We show that this is consistent with
findings based on actual input-output tables of EU member states. These
results imply that theorems about the speed of convergence of random
matrices are not useful in describing the cyclical dynamics of real
economies.
Journal: Economic Systems Research
Pages: 122-131
Issue: 1
Volume: 27
Year: 2015
Month: 3
X-DOI: 10.1080/09535314.2014.979138
File-URL: http://hdl.handle.net/10.1080/09535314.2014.979138
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:1:p:122-131
Template-Type: ReDIF-Article 1.0
Author-Name: Taelim Choi
Author-X-Name-First: Taelim
Author-X-Name-Last: Choi
Title: UNDERSTANDING ENVIRONMENTAL RESPONSIBILITY OF CITIES AND EMISSIONS EMBODIED IN TRADE
Abstract:
The attribution of greenhouse gas (GHG) emissions embedded in
interregionally traded products to either production or consumption
regions is a key issue to the understanding of the global environmental
responsibility of metropolitan areas. In this paper we identify GHG
emissions for which metropolitan areas assume responsibility by allocating
emissions embodied in import and export products to regions of either
consumption or production in the cases of three US metropolitan areas. The
case studies show that embodied emissions in both export and import
products accounted for 63-73% of total GHG emissions directly and
indirectly pertaining to these metropolitan economies. These findings
suggest that an accounting method that incorporates emissions embodied in
product trade has relevance to the development of local policies that
govern actions ranging from redirecting metropolitan development patterns
toward low carbon emissions to promoting sustainable consumption behavior,
particularly those involving the collaboration of cities.
Journal: Economic Systems Research
Pages: 133-153
Issue: 2
Volume: 27
Year: 2015
Month: 6
X-DOI: 10.1080/09535314.2015.1012638
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1012638
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:2:p:133-153
Template-Type: ReDIF-Article 1.0
Author-Name: Carlos A. L�pez-Morales
Author-X-Name-First: Carlos A.
Author-X-Name-Last: L�pez-Morales
Author-Name: Faye Duchin
Author-X-Name-First: Faye
Author-X-Name-Last: Duchin
Title: ECONOMIC IMPLICATIONS OF POLICY RESTRICTIONS ON WATER WITHDRAWALS FROM SURFACE AND UNDERGROUND SOURCES
Abstract:
The appropriation of water for economic activities is limited by regional
surface and underground endowments, and symptoms of environmentally
unsustainable withdrawals are already visible in many regions of the
world. In this paper we investigate the economic implications of water
policy imposing source- and region-specific restrictions on water
withdrawals taking the Mexican economy as a case study. We use an
inter-regional input-output model of Mexico's hydro-economic regions to
allocate production subject to the availability of water and other factors
of production. Water sustainability requires a reduction of 7.5
km-super-3/yr of groundwater withdrawals, which is compensated by an
increase of 3.4 km-super-3/yr of surface water, an expansion onto an
additional 1.4 million hectares of rainfed land, and modifications in
subnational patterns of food trade. This framework for evaluating
scenarios describing sustainability-oriented water policies is readily
applicable to other regions.
Journal: Economic Systems Research
Pages: 154-171
Issue: 2
Volume: 27
Year: 2015
Month: 6
X-DOI: 10.1080/09535314.2014.980224
File-URL: http://hdl.handle.net/10.1080/09535314.2014.980224
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:2:p:154-171
Template-Type: ReDIF-Article 1.0
Author-Name: Chris Bachmann
Author-X-Name-First: Chris
Author-X-Name-Last: Bachmann
Author-Name: Matthew J. Roorda
Author-X-Name-First: Matthew J.
Author-X-Name-Last: Roorda
Author-Name: Chris Kennedy
Author-X-Name-First: Chris
Author-X-Name-Last: Kennedy
Title: DEVELOPING A MULTI-SCALE MULTI-REGION INPUT-OUTPUT MODEL
Abstract:
Many efforts have recently been devoted to developing global multi-region
input-output (GMRIO) models. Unfortunately, the scales of GMRIO models do
not allow them to capture the heterogeneity of regions within a single
country. Multi-scale models can provide more comprehensive analyses
capable of capturing the interdependencies of the global economy while
preserving regional differences. The primary objective of this research is
to develop methods for integrating multi-region input-output data sets
from multiple spatial scales into multi-scale multi-region input-output
(MSMRIO) models. These methods result in models that may have unusual
features such as non-square trade coefficient matrices and a mix of
industry-by-industry and commodity-by-commodity technical coefficients. To
demonstrate the feasibility of MSMRIO modelling, a Canada-centric model
was developed. This model includes 47 countries and Canada's 13
subnational regions. A MSMRIO model provides a tool to analyse global
issues with a more spatially detailed focus.
Journal: Economic Systems Research
Pages: 172-193
Issue: 2
Volume: 27
Year: 2015
Month: 6
X-DOI: 10.1080/09535314.2014.987730
File-URL: http://hdl.handle.net/10.1080/09535314.2014.987730
File-Format: text/html
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:2:p:172-193
Template-Type: ReDIF-Article 1.0
Author-Name: Leonie Wenz
Author-X-Name-First: Leonie
Author-X-Name-Last: Wenz
Author-Name: Sven Norman Willner
Author-X-Name-First: Sven Norman
Author-X-Name-Last: Willner
Author-Name: Alexander Radebach
Author-X-Name-First: Alexander
Author-X-Name-Last: Radebach
Author-Name: Robert Bierkandt
Author-X-Name-First: Robert
Author-X-Name-Last: Bierkandt
Author-Name: Jan Christoph Steckel
Author-X-Name-First: Jan Christoph
Author-X-Name-Last: Steckel
Author-Name: Anders Levermann
Author-X-Name-First: Anders
Author-X-Name-Last: Levermann
Title: REGIONAL AND SECTORAL DISAGGREGATION OF MULTI-REGIONAL INPUT-OUTPUT TABLES - A FLEXIBLE ALGORITHM
Abstract:
A common shortcoming of available multi-regional input-output (MRIO) data
sets is their lack of regional and sectoral detail required for many
research questions (e.g. in the field of disaster impact analysis). We
present a simple algorithm to refine MRIO tables regionally and/or
sectorally. By the use of proxy data, each MRIO flow in question is
disaggregated into the corresponding sub-flows. This downscaling procedure
is complemented by an adjustment rule ensuring that the sub-flows match
the superordinate flow in sum. The approximation improves along several
iteration steps. The algorithm unfolds its strength through the flexible
combination of multiple, possibly incomplete proxy data sources. It is
also flexible in a sense that any target sector and region resolution can
be chosen. As an exemplary case we apply the algorithm to a regional and
sectoral refinement of the Eora MRIO database.
Journal: Economic Systems Research
Pages: 194-212
Issue: 2
Volume: 27
Year: 2015
Month: 6
X-DOI: 10.1080/09535314.2014.987731
File-URL: http://hdl.handle.net/10.1080/09535314.2014.987731
File-Format: text/html
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:2:p:194-212
Template-Type: ReDIF-Article 1.0
Author-Name: Gerhard Streicher
Author-X-Name-First: Gerhard
Author-X-Name-Last: Streicher
Author-Name: Robert Stehrer
Author-X-Name-First: Robert
Author-X-Name-Last: Stehrer
Title: WHITHER PANAMA? CONSTRUCTING A CONSISTENT AND BALANCED WORLD SUT SYSTEM INCLUDING INTERNATIONAL TRADE AND TRANSPORT MARGINS
Abstract:
This paper extends work done within the World Input-Output Database
project (WIOD), which compiled supply and use tables (SUTs) for 40
countries, covering about 85% of the world economy, by adding SUTs for the
"rest of the world" (RoW), the approximately 15% of the world economy not
covered by the 40 countries included in the WIOD database, ensuring a
consistent and balanced world SUT system. The term "consistency" means
that at the world level, all flows of goods and services balance, properly
accounting for trade and transport services used in international trade
(the "cif-fob difference"). This results in SUTs for the RoW which,
together with bilateral trade matrices for all commodities (and together
with the 40 national SUTs from the WIOD project), describe a consistent
SUT system at the world level.
Journal: Economic Systems Research
Pages: 213-237
Issue: 2
Volume: 27
Year: 2015
Month: 6
X-DOI: 10.1080/09535314.2014.991777
File-URL: http://hdl.handle.net/10.1080/09535314.2014.991777
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:2:p:213-237
Template-Type: ReDIF-Article 1.0
Author-Name: Zhuoying Zhang
Author-X-Name-First: Zhuoying
Author-X-Name-Last: Zhang
Author-Name: Minjun Shi
Author-X-Name-First: Minjun
Author-X-Name-Last: Shi
Author-Name: Zhao Zhao
Author-X-Name-First: Zhao
Author-X-Name-Last: Zhao
Title: THE COMPILATION OF CHINA'S INTERREGIONAL INPUT-OUTPUT MODEL 2002
Abstract:
The increasing economic interaction among various regions in China makes
the construction of an interregional input-output table relevant for
economic studies. This paper elaborates the model compilation procedure of
the China Interregional Input-output model 2002. The key features of the
model compilation include: (1) using representative commodities to
estimate the interregional commodity flows of the primary industries; (2)
adopting functions to estimate the decreasing interregional transportation
of manufacturing sectors in relation to distance and (3) selecting
appropriate indicators to estimate the interregional commodity flows of
non-material sectors. This study is an initial attempt in interregional
input-output modelling and might be helpful for economic studies at the
levels of micro-regions.
Journal: Economic Systems Research
Pages: 238-256
Issue: 2
Volume: 27
Year: 2015
Month: 6
X-DOI: 10.1080/09535314.2015.1040740
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1040740
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:2:p:238-256
Template-Type: ReDIF-Article 1.0
Author-Name: Kijin Kim
Author-X-Name-First: Kijin
Author-X-Name-Last: Kim
Author-Name: Kurt Kratena
Author-X-Name-First: Kurt
Author-X-Name-Last: Kratena
Author-Name: Geoffrey J.D. Hewings
Author-X-Name-First: Geoffrey J.D.
Author-X-Name-Last: Hewings
Title: THE EXTENDED ECONOMETRIC INPUT-OUTPUT MODEL WITH HETEROGENEOUS HOUSEHOLD DEMAND SYSTEM
Abstract:
This paper proposes an extension to the regional econometric input-output
model (REIM) [Conway, R.S. (1990) The Washington Projection and Simulation
Model: A Regional Interindustry Econometric Model. International
Regional Science Review, 13, 141-165; Israilevich, P.R., G.J.D.
Hewings, M. Sonis and G.R. Schindler (1997) Forecasting Structural Change
with a Regional Econometric Input-Output Model. Journal of
Regional Science, 37, 565-590]. We integrate a demand system with
age and income parameters into the REIM. The extended model thus addresses
concerns about the effects of household heterogeneity. The initial testing
is conducted with a model for the Chicago metropolitan area. First, using
aggregate expenditure data by income and age groups, the almost ideal
demand system with group fixed effects is constructed. Next, the estimated
demand system is linked to the REIM to reflect long-term changes in the
age and income distribution of households. The long-range simulation from
the extended model takes into account structural changes in expenditure
type stemming from changing demographic composition. The extended model
further broadens the scope of impact analysis under various scenarios
associated with age and income changes.
Journal: Economic Systems Research
Pages: 257-285
Issue: 2
Volume: 27
Year: 2015
Month: 6
X-DOI: 10.1080/09535314.2014.991778
File-URL: http://hdl.handle.net/10.1080/09535314.2014.991778
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:2:p:257-285
Template-Type: ReDIF-Article 1.0
Author-Name: Huiwen Wang
Author-X-Name-First: Huiwen
Author-X-Name-Last: Wang
Author-Name: Cheng Wang
Author-X-Name-First: Cheng
Author-X-Name-Last: Wang
Author-Name: Haitao Zheng
Author-X-Name-First: Haitao
Author-X-Name-Last: Zheng
Author-Name: Haoyun Feng
Author-X-Name-First: Haoyun
Author-X-Name-Last: Feng
Author-Name: Rong Guan
Author-X-Name-First: Rong
Author-X-Name-Last: Guan
Author-Name: Wen Long
Author-X-Name-First: Wen
Author-X-Name-Last: Long
Title: Updating Input-Output Tables with Benchmark Table Series
Abstract:
Numerous methods have been proposed to update input-output (I-O) tables.
They rely on the assumption that the economic structure will not change
significantly during the interpolation period. However, this assumption
may not always hold, particularly for countries experiencing rapid
development. This study attempts to combine forecasting with a matrix
transformation technique (MTT) to provide a new perspective on updating
I-O tables. Under the assumption that changes in the trend of an economic
structure are statistically significant, the method extrapolates I-O
tables by combining time series models with an MTT and proceeds with only
the total value added during the target years. A simulation study and
empirical analysis are conducted to compare the forecasting performance of
the MTT to the Generalized RAS (GRAS) and Kuroda methods. The results show
that the comprehensive performance of the MTT is better than the
performance of the GRAS and Kuroda methods, as measured by the
Standardized Total Percentage Error, Theil's U and Mean Absolute
Percentage Error indices.
Journal: Economic Systems Research
Pages: 287-305
Issue: 3
Volume: 27
Year: 2015
Month: 9
X-DOI: 10.1080/09535314.2015.1053846
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1053846
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:3:p:287-305
Template-Type: ReDIF-Article 1.0
Author-Name: I�aki Arto
Author-X-Name-First: I�aki
Author-X-Name-Last: Arto
Author-Name: Valeria Andreoni
Author-X-Name-First: Valeria
Author-X-Name-Last: Andreoni
Author-Name: Jose Manuel Rueda Cantuche
Author-X-Name-First: Jose Manuel
Author-X-Name-Last: Rueda Cantuche
Title: Global Impacts of the Automotive Supply Chain Disruption Following the Japanese Earthquake of 2011
Abstract:
This paper provides an input-output method to estimate worldwide economic
impacts generated by supply chain disruptions. The method is used to
analyse global economic effects due to the disruptions in the automotive
industry that followed the Japanese earthquake and the consequent tsunami
and nuclear crisis of March 2011. By combining a mixed multi-regional
input-output model, the World Input-Output Database and data at the
factory level, the study quantifies the economic impacts of the
disruptions broken down by country and industry. The results show that the
global economic effect (in terms of value added) of this disruption
amounted to US$139 billion. The most affected (groups of) countries were
Japan (39%), the USA (25%), China (8%) and the European Union (7%). The
most strongly affected industries were transport equipment (37%), other
business activities (10%), basic and fabricated metals (8%), wholesale
trade (7%) and financial intermediation (4%).
Journal: Economic Systems Research
Pages: 306-323
Issue: 3
Volume: 27
Year: 2015
Month: 9
X-DOI: 10.1080/09535314.2015.1034657
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1034657
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:3:p:306-323
Template-Type: ReDIF-Article 1.0
Author-Name: Cristian Mardones
Author-X-Name-First: Cristian
Author-X-Name-Last: Mardones
Title: An Income Tax Increase to Fund Higher Education: A CGE Analysis for Chile
Abstract:
An increase in income taxes to fund education was one of the demands made
by the social movements that emerged in Chile in 2011. Currently, the
Chilean Congress is enacting a tax reform to raise money for higher
education. This study aims to show the dynamic effects on the general
equilibrium of the Chilean economy under two alternative approaches: a
subsidy to lower the price of higher education (public and private), and
greater spending on public higher education to reduce household payments
for education. The social accounting matrix (SAM) used to calibrate the
computable general equilibrium (CGE) model has 38 economic sectors,
including the production structure of private education and public
education. The study mainly concludes that a subsidy policy has
significant advantages over increasing higher public education spending,
regarding its effects on variables such as GDP, investment, and household
incomes, while both policies have a similar effect on poverty and income
distribution.
Journal: Economic Systems Research
Pages: 324-344
Issue: 3
Volume: 27
Year: 2015
Month: 9
X-DOI: 10.1080/09535314.2015.1030359
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1030359
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:3:p:324-344
Template-Type: ReDIF-Article 1.0
Author-Name: Esteban Fernandez Vazquez
Author-X-Name-First: Esteban
Author-X-Name-Last: Fernandez Vazquez
Author-Name: Geoffrey J. D. Hewings
Author-X-Name-First: Geoffrey J. D.
Author-X-Name-Last: Hewings
Author-Name: Carmen Ramos Carvajal
Author-X-Name-First: Carmen
Author-X-Name-Last: Ramos Carvajal
Title: Adjustment of Input-Output Tables from Two Initial Matrices
Abstract:
The compilation of the information required to construct survey-based
input-output (I-O) tables consumes resources and time to statistical
agencies. Consequently, a number of non-survey techniques have been
developed in the last decades to estimate I-O tables. These techniques
usually depart from observable information on the row and column margins,
and then the cells of the matrix are adjusted using as a priori
information a matrix from a past period (updating) or an I-O table from
the same time period (regionalization). This paper proposes the use of a
composite cross-entropy approach that allows for introducing both types of
a priori information. The suggested methodology is suitable to be applied
only to matrices with semi-positive interior cells and margins. Numerical
simulations and an empirical application are carried out, where an I-O
table for the Euro Area is estimated with this method and the result is
compared with the traditional projection techniques.
Journal: Economic Systems Research
Pages: 345-361
Issue: 3
Volume: 27
Year: 2015
Month: 9
X-DOI: 10.1080/09535314.2015.1007839
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1007839
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:3:p:345-361
Template-Type: ReDIF-Article 1.0
Author-Name: Nazmi Demir
Author-X-Name-First: Nazmi
Author-X-Name-Last: Demir
Author-Name: Mehmet Nihat Solakoglu
Author-X-Name-First: Mehmet Nihat
Author-X-Name-Last: Solakoglu
Author-Name: Ebru Guven Solakoglu
Author-X-Name-First: Ebru Guven
Author-X-Name-Last: Solakoglu
Title: A Test for a Functioning Market Economy: Seton'S Eigenprices of Turkey
Abstract:
We use Seton's eigenprices to see if some evidence can be found in support
of the European Commission's official statement that the Turkish economy
can be considered as a functioning market economy. Given an input-output
flows matrix, there is a unique set of prices for outputs and production
factors compatible with final demand, generating demand for factors. The
findings based on Turkey's most recent I-O table and comparable I-O
matrices for Romania and Poland (two EU members) in 2005 show that price
distortions were on average five times larger in Turkey. Hence, based on
price distortions alone, there was no solid evidence in support of the
statement that Turkey had a functioning market economy.
Journal: Economic Systems Research
Pages: 362-373
Issue: 3
Volume: 27
Year: 2015
Month: 9
X-DOI: 10.1080/09535314.2015.1071706
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1071706
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:3:p:362-373
Template-Type: ReDIF-Article 1.0
Author-Name: Tsutomu Harada
Author-X-Name-First: Tsutomu
Author-X-Name-Last: Harada
Title: Changing Productive Relations, Linkage Effects, and Industrialization
Abstract:
This paper develops a multi-sector endogenous innovation model that is
able to take changing productive relations among sectors into account. It
is shown that while productivity and demand shocks do not induce any
changes in productive relations and linkage effects, shocks in the
productivity of R&D increase both backward and forward linkages. Key
sectors are characterized as having high forward and backward linkages,
which are consistent with the definition of key sectors in the existing
empirical studies. However, vertical specialization generates not only
sectors with high backward and low forward linkages, but also sectors with
low backward and high forward linkages. As a consequence of this vertical
specialization, the latter sectors become key sectors, in the sense that
they have significant effects on business fluctuations. This implies that
general-purpose technology sectors emerge, and sector-specific policies
for these sectors play a critical role in economic development and growth.
Journal: Economic Systems Research
Pages: 374-390
Issue: 3
Volume: 27
Year: 2015
Month: 9
X-DOI: 10.1080/09535314.2015.1081876
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1081876
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:3:p:374-390
Template-Type: ReDIF-Article 1.0
Author-Name: Anthony T. Flegg
Author-X-Name-First: Anthony T.
Author-X-Name-Last: Flegg
Author-Name: Yongming Huang
Author-X-Name-First: Yongming
Author-X-Name-Last: Huang
Author-Name: Timo Tohmo
Author-X-Name-First: Timo
Author-X-Name-Last: Tohmo
Title: Using Charm to Adjust for Cross-Hauling: The Case of the Province of Hubei, China
Abstract:
Data for the Chinese province of Hubei are used to assess the performance
of Kronenberg's Cross-Hauling Adjusted Regionalization Method (CHARM), a
method that takes explicit account of cross-hauling when constructing
regional input-output tables. A key determinant of cross-hauling is held
to be the heterogeneity of commodities, which is estimated using national
data. However, contrary to the authors' findings for Finland, CHARM does
not generate reliable estimates of Hubei's sectoral exports, imports and
volume of trade, although it is more successful in estimating sectoral
supply multipliers. The poor simulations of regional trade are attributed
to the fact that Hubei is a relatively small region, where there is a
large divergence between regional and national technology and pattern of
final demand. The simulation errors are decomposed into components
reflecting differences between regional and national technology, final
demand and heterogeneity. The third component is found to be the least
important of the three sources of error.
Journal: Economic Systems Research
Pages: 391-413
Issue: 3
Volume: 27
Year: 2015
Month: 9
X-DOI: 10.1080/09535314.2015.1043516
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1043516
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:3:p:391-413
Template-Type: ReDIF-Article 1.0
Author-Name: Jorge Gómez-Paredes
Author-X-Name-First: Jorge
Author-X-Name-Last: Gómez-Paredes
Author-Name: Eiji Yamasue
Author-X-Name-First: Eiji
Author-X-Name-Last: Yamasue
Author-Name: Hideyuki Okumura
Author-X-Name-First: Hideyuki
Author-X-Name-Last: Okumura
Author-Name: Keiichi N. Ishihara
Author-X-Name-First: Keiichi N.
Author-X-Name-Last: Ishihara
Title: THE LABOUR FOOTPRINT: A FRAMEWORK TO ASSESS LABOUR IN A COMPLEX ECONOMY
Abstract:
As addressing labour becomes crucial in the move towards sustainability,
there is the need for assessment tools suitable for current complex
economic systems. This article presents an input--output based framework
(‘labour footprint’) for evaluating labour issues behind the
production of different economic commodities, including entire supply
chains. In line with the guidelines of the International Labour
Organization, six labour issues are considered: collective bargaining,
forced labour, child labour, gender inequality, hazardous work, and social
security. This conceptual article sets to (a) define this footprint's
labour dimensions, (b) cite relevant data sources, (c) describe its
calculation, (d) illustrate its application through a case study, and (e)
discuss this framework's relevance from ‘conscious
consumption’, ‘supply chain responsibility’, and
regulators' standpoints. Since it advances the evaluation of fundamental
labour issues and the scope of multi-criteria analyses, this footprint may
be a valuable tool for sustainability assessments.
Journal: Economic Systems Research
Pages: 415-439
Issue: 4
Volume: 27
Year: 2015
Month: 12
X-DOI: 10.1080/09535314.2014.998173
File-URL: http://hdl.handle.net/10.1080/09535314.2014.998173
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:4:p:415-439
Template-Type: ReDIF-Article 1.0
Author-Name: Bram Edens
Author-X-Name-First: Bram
Author-X-Name-Last: Edens
Author-Name: Rutger Hoekstra
Author-X-Name-First: Rutger
Author-X-Name-Last: Hoekstra
Author-Name: Daan Zult
Author-X-Name-First: Daan
Author-X-Name-Last: Zult
Author-Name: Oscar Lemmers
Author-X-Name-First: Oscar
Author-X-Name-Last: Lemmers
Author-Name: Harry Wilting
Author-X-Name-First: Harry
Author-X-Name-Last: Wilting
Author-Name: Ronghao Wu
Author-X-Name-First: Ronghao
Author-X-Name-Last: Wu
Title: A METHOD TO CREATE CARBON FOOTPRINT ESTIMATES CONSISTENT WITH NATIONAL ACCOUNTS
Abstract:
Although multiregional input--output (MRIO) databases use data from
national statistical offices, the reconciliation of various data sources
results in significantly altered country data. This makes it problematic
to use MRIO-based footprints for national policy-making. This paper
develops a potential solution using the Netherlands as case study. The
method ensures that the footprint is derived from an MRIO dataset (in our
case the World Input--Output Database (WIOD)) that is made consistent with
Dutch National accounts data. Furthermore, usage of microdata allows us to
separate re-exports at the company level. The adjustment results in a
foreign footprint in 2009 that is 22% lower than the original WIOD
estimates and a significantly altered country allocation. We demonstrate
that already in the data preparation phase due to the treatment of
re-exports and margins, large differences arise with Dutch national
statistics, which may help explain the variation in footprint estimates
across MRIO databases.
Journal: Economic Systems Research
Pages: 440-457
Issue: 4
Volume: 27
Year: 2015
Month: 12
X-DOI: 10.1080/09535314.2015.1048428
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1048428
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:4:p:440-457
Template-Type: ReDIF-Article 1.0
Author-Name: Arkaitz Usubiaga
Author-X-Name-First: Arkaitz
Author-X-Name-Last: Usubiaga
Author-Name: José Acosta-Fernández
Author-X-Name-First: José
Author-X-Name-Last: Acosta-Fernández
Title: CARBON EMISSION ACCOUNTING IN MRIO MODELS: THE TERRITORY VS. THE RESIDENCE PRINCIPLE
Abstract:
Consumption-based CO2 emissions, which are commonly calculated
by means of environmentally extended input--output analysis, are gaining
wider recognition as a way to complement territorial emission inventories.
Although their use has increased significantly in the last years,
insufficient attention has been paid to the methodological soundness of
the underlying environmental extension. This should follow the
internationally agreed accounting rules of the System of
Environmental-Economic Accounting, which addresses the activities
undertaken by the residents of a country, independent
from where these take place. Nonetheless, some footprint calculations use
extensions that account for all the activities within the
territory, which leads to methodological inconsistencies. Thus,
this article introduces the most relevant conceptual differences between
these accounting frameworks and shows the magnitude of the gap between
them building on the data generated for the EXIOBASE model. It concludes
that the differences are high for many countries and their magnitude is
increasing over time.
Journal: Economic Systems Research
Pages: 458-477
Issue: 4
Volume: 27
Year: 2015
Month: 12
X-DOI: 10.1080/09535314.2015.1049126
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1049126
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:4:p:458-477
Template-Type: ReDIF-Article 1.0
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Ronald E. Miller
Author-X-Name-First: Ronald E.
Author-X-Name-Last: Miller
Title: REFLECTIONS ON THE INOPERABILITY INPUT--OUTPUT MODEL
Abstract:
We argue that the inoperability input--output model is a straightforward
-- albeit potentially very relevant -- application of the standard
input--output model. In addition, we propose two less standard
input--output approaches as alternatives to take into consideration when
analyzing the effects of disasters or disruptions.
Journal: Economic Systems Research
Pages: 478-486
Issue: 4
Volume: 27
Year: 2015
Month: 12
X-DOI: 10.1080/09535314.2015.1052375
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1052375
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:4:p:478-486
Template-Type: ReDIF-Article 1.0
Author-Name: Johannes Többen
Author-X-Name-First: Johannes
Author-X-Name-Last: Többen
Author-Name: Tobias Heinrich Kronenberg
Author-X-Name-First: Tobias Heinrich
Author-X-Name-Last: Kronenberg
Title: CONSTRUCTION OF MULTI-REGIONAL INPUT--OUTPUT TABLES USING THE CHARM METHOD
Abstract:
Subnational multi-regional input--output tables (IOT) are important tools
for studying interregional socio-economic and/or environmental
interrelations that help to address a wide range of current societal,
ecological and economic challenges. However, the lack of subnational
input--output data is a major obstacle which leads to a wide use of
non-survey methods. Like other non-survey methods, the cross-hauling
adjusted regionalization method (CHARM) was originally developed for the
construction of single-regional IOT. In this paper, we extend CHARM to the
case of bi- and multi-regional IOT. We find that the original CHARM
formula has two limitations that are also of great importance for the
single-regional case: First, cross-hauling in interregional trade is
implicitly set to zero and, second, accounting balances may be violated
owing to structural differences between the regional and national
economies. We present a modified formula addressing these issues and
examine its performance in terms of a case study.
Journal: Economic Systems Research
Pages: 487-507
Issue: 4
Volume: 27
Year: 2015
Month: 12
X-DOI: 10.1080/09535314.2015.1091765
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1091765
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:4:p:487-507
Template-Type: ReDIF-Article 1.0
Author-Name: Esteban Fernandez-Vazquez
Author-X-Name-First: Esteban
Author-X-Name-Last: Fernandez-Vazquez
Title: EMPIRICAL ESTIMATION OF NON-LINEAR INPUT--OUTPUT MODELS: AN ENTROPY ECONOMETRICS APPROACH
Abstract:
Despite theoretical advances, non-linear input--output models have been
empirically applied only to a limited extent. This is mainly due to the
fact that the number of parameters to be estimated is much higher than the
number of available data points. Taking advantage of the recent
proliferation of input--output databases and by applying an estimation
strategy that relies on entropy econometrics, this paper suggests a way to
estimate the parameters that characterize non-linear relationships between
inputs and output. This non-linear modelling allows for considering
time-specific input coefficients, instead of fixed ones. Several types of
multipliers can be derived from this non-linear model, and the proposed
generalized maximum entropy (GME) estimator allows estimating them from
time series or cross-sectional datasets of input--output tables. The
proposed GME technique is illustrated by means of an empirical application
that estimates the parameters that characterize a non-linear input--output
model for the Spanish economy over the period 1995--2011.
Journal: Economic Systems Research
Pages: 508-524
Issue: 4
Volume: 27
Year: 2015
Month: 12
X-DOI: 10.1080/09535314.2015.1102715
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1102715
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:4:p:508-524
Template-Type: ReDIF-Article 1.0
Author-Name: Clemente Polo
Author-X-Name-First: Clemente
Author-X-Name-Last: Polo
Author-Name: Raimundo Viejo
Author-X-Name-First: Raimundo
Author-X-Name-Last: Viejo
Title: ON THE ACCURACY OF CGE FORECASTS IN EXPANSION AND RECESSION: SPAIN 1990--1997
Abstract:
A recursive dynamic disaggregated computable general equilibrium model of
the Spanish economy is used to compare the model predictions of endogenous
variables with their observed values over the period 1991--1997. It
includes 12 producers, 12 households, government and 2 external sectors.
There are four types of labour and real wages that depend on unemployment
rates. Private investment is determined by private savings and public and
external surpluses. Domestic products and imports are imperfect
substitutes. All exogenous variables and tax parameters are updated every
year with the best available information. The model provides rather
accurate predictions in 1991, a normal year, but it underestimates the
intensity of the 1992--1993 recession. It also predicts dramatic reversals
of trade balances in response to devaluations. These results suggest both
that investment savings-driven models provide useful insights in the
medium term but underestimate the consequences of downturns, and that
Armington's elascitities typically assumed may be too large.
Journal: Economic Systems Research
Pages: 525-542
Issue: 4
Volume: 27
Year: 2015
Month: 12
X-DOI: 10.1080/09535314.2015.1102126
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1102126
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Handle: RePEc:taf:ecsysr:v:27:y:2015:i:4:p:525-542
Template-Type: ReDIF-Article 1.0
Author-Name: Jeffrey C. Peters
Author-X-Name-First: Jeffrey C.
Author-X-Name-Last: Peters
Author-Name: Thomas W. Hertel
Author-X-Name-First: Thomas W.
Author-X-Name-Last: Hertel
Title: Matrix balancing with unknown total costs: preserving economic relationships in the electric power sector
Abstract:
Many preferred matrix balancing methods suffer limitations when total
costs (i.e. column sums) are unknown or uncertain. If the total cost
(column) constraint is relaxed, economic relationships both between inputs
to and/or amongst the sub-sectors may not be preserved (i.e. cost
structure and row share, respectively). These relationships are
significant in modeling, where production behavior depends on relative
costs. This paper presents a share preserving cross-entropy (SPCE)
approach which targets economic relationships directly and allows the
column constraint to be relaxed. Further, the SPCE solution is identical
to the RAS solution when the column constraint is imposed. This
cross-entropy formulation complements an existing sum squared error-type
approach. The two matrix balancing methods are demonstrated with a
disaggregation of the electric power industry where only unit input costs
are known with greater certainty. There is a clear trade-off between
preserving economic relationships versus the column totals when compared
to their column-constrained counterparts.
Journal: Economic Systems Research
Pages: 1-20
Issue: 1
Volume: 28
Year: 2016
Month: 3
X-DOI: 10.1080/09535314.2015.1124068
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1124068
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:1:p:1-20
Template-Type: ReDIF-Article 1.0
Author-Name: Anthony T. Flegg
Author-X-Name-First: Anthony T.
Author-X-Name-Last: Flegg
Author-Name: Leonardo J. Mastronardi
Author-X-Name-First: Leonardo J.
Author-X-Name-Last: Mastronardi
Author-Name: Carlos A. Romero
Author-X-Name-First: Carlos A.
Author-X-Name-Last: Romero
Title: Evaluating the FLQ and AFLQ formulae for estimating regional input coefficients: empirical evidence for the province of Córdoba, Argentina
Abstract:
This paper uses survey-based data of the Argentinian province of
Córdoba to conduct an empirical test of the performance of the
Flegg's location quotient (FLQ) and augmented FLQ (AFLQ) formulae for
estimating regional input coefficients. A comparison is made with
conventional methods based on location quotients. The possibility of using
prior information about the extent of self-sufficiency of particular
sectors is explored. The empirical work employs a range of statistical
criteria with contrasting properties, and examines performance in terms of
each method's ability to estimate regional input coefficients, output
multipliers and imports. Particular attention is paid to the problem of
choosing a value for the unknown parameter δ in the
FLQ and AFLQ formulae. These formulae are found to give the best overall
results of the non-survey methods considered in the paper. However, the
AFLQ typically produces slightly more accurate results than the FLQ, in
line with the findings of previous studies.
Journal: Economic Systems Research
Pages: 21-37
Issue: 1
Volume: 28
Year: 2016
Month: 3
X-DOI: 10.1080/09535314.2015.1103703
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1103703
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:1:p:21-37
Template-Type: ReDIF-Article 1.0
Author-Name: Roberto Roson
Author-X-Name-First: Roberto
Author-X-Name-Last: Roson
Author-Name: Martina Sartori
Author-X-Name-First: Martina
Author-X-Name-Last: Sartori
Title: Input--output linkages and the propagation of domestic productivity shocks: assessing alternative theories with stochastic simulation
Abstract:
Relatively small sectoral productivity shocks could lead to sizable
macroeconomic variability. Whereas most contributions in the literature
analyze the issue of aggregate sensitivity using simple general
equilibrium models, a novel approach is proposed in this paper, based on
stochastic simulations with a global computable general equilibrium model.
We find that the variability of the GDP, induced by sectoral shocks, is
basically determined by the degree of industrial concentration as measured
by the Herfindahl index of industrial value added. The degree of
centrality in inter-industrial connectivity, measured by the standard
deviation of second-order degrees, is mildly significant, but it is also
correlated with the industrial concentration index. After controlling for
the correlation effect, we find that connectivity turns out to be
statistically significant, although less so than granularity.
Journal: Economic Systems Research
Pages: 38-54
Issue: 1
Volume: 28
Year: 2016
Month: 3
X-DOI: 10.1080/09535314.2015.1132194
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1132194
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:1:p:38-54
Template-Type: ReDIF-Article 1.0
Author-Name: Daria Ciriaci
Author-X-Name-First: Daria
Author-X-Name-Last: Ciriaci
Author-Name: Daniela Palma
Author-X-Name-First: Daniela
Author-X-Name-Last: Palma
Title: Structural change and blurred sectoral boundaries: assessing the extent to which knowledge-intensive business services satisfy manufacturing final demand in Western countries
Abstract:
This paper focuses on the vertical integration of knowledge-intensive
business services (KIBS) into manufacturing sectors, using a subsystem
approach to input--output analysis. It aims at correctly assessing the
process of structural change that has occurred in the four main European
countries (France, Germany, Italy and the UK) over time (1995--2005). It
does not focus on KIBS sectors per se, but on their function as carriers
and sources of knowledge which influences the performance of sectors,
value chains and clusters across industries and within countries. The
analysis shows that KIBS’ contribution to satisfying the final
demand of manufacturing is in general largely underestimated; that KIBS
vertical integration into manufacturing has increased over time in all the
countries investigated except the UK; and that the extent to which
manufacturing sectors outsource to KIBS is significantly affected by their
technological intensity.
Journal: Economic Systems Research
Pages: 55-77
Issue: 1
Volume: 28
Year: 2016
Month: 3
X-DOI: 10.1080/09535314.2015.1101370
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1101370
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:1:p:55-77
Template-Type: ReDIF-Article 1.0
Author-Name: Kjartan Steen-Olsen
Author-X-Name-First: Kjartan
Author-X-Name-Last: Steen-Olsen
Author-Name: Anne Owen
Author-X-Name-First: Anne
Author-X-Name-Last: Owen
Author-Name: John Barrett
Author-X-Name-First: John
Author-X-Name-Last: Barrett
Author-Name: Dabo Guan
Author-X-Name-First: Dabo
Author-X-Name-Last: Guan
Author-Name: Edgar G. Hertwich
Author-X-Name-First: Edgar G.
Author-X-Name-Last: Hertwich
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Thomas Wiedmann
Author-X-Name-First: Thomas
Author-X-Name-Last: Wiedmann
Title: Accounting for value added embodied in trade and consumption: an intercomparison of global multiregional input--output databases
Abstract:
Global multiregional input--output (MRIO) tables constitute detailed
accounts of the economic activity worldwide. Global trade models based on
MRIO tables are being used to calculate important economic and
environmental indicators such as value added in trade or the carbon
footprint of nations. Such applications are highly relevant in
international trade and climate policy negotiations, and consequently MRIO
model results are being scrutinized for their accuracy and
reproducibility. We investigate the variation in results from three major
MRIO databases by comparing underlying economic data and territorial and
consumption-based results across databases. Although global value-added
accounts were similar across databases, we find some significant
differences at the level of individual countries and sectors. Model
disagreement was relatively stable from the territorial to the consumption
perspective. Pairwise matrix comparison statistics indicated that the
Global Trade Analysis Project and World Input-Output Database MRIO tables
were overall more similar to each other than either was to the Eora
database.
Journal: Economic Systems Research
Pages: 78-94
Issue: 1
Volume: 28
Year: 2016
Month: 3
X-DOI: 10.1080/09535314.2016.1141751
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1141751
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:1:p:78-94
Template-Type: ReDIF-Article 1.0
Author-Name: Ferran Portella-Carbó
Author-X-Name-First: Ferran
Author-X-Name-Last: Portella-Carbó
Title: Effects of international trade on domestic employment: an application of a global multiregional input--output supermultiplier model (1995--2011)
Abstract:
The effects on domestic employment of international trade and the
globalisation of supply chains are as politically controversial as they
are empirically inconclusive. To estimate them we extend the global
multiregional input--output framework by endogenising demand for both
domestic and imported intermediates, private business investment and
household non-durable consumption -- or equivalently, we generalise the
supermultiplier formula. The model accounts, in particular, for the
employment consequences of economic integration and those channelled
through integration. We estimate these foreign sector effects alongside
those of domestic origin using a recursive hierarchical structural
decomposition analysis and statistics from the World Input--Output
Database and National Accounts that cover years 1995--2011. Focusing on
Spain, Italy, France, Germany, the UK, the US, Japan and China we answer
the following questions: To what extent did international linkages
deriving from international trade affect domestic employment? Did domestic
employment benefit from economic integration?
Journal: Economic Systems Research
Pages: 95-117
Issue: 1
Volume: 28
Year: 2016
Month: 3
X-DOI: 10.1080/09535314.2016.1142429
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1142429
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:1:p:95-117
Template-Type: ReDIF-Article 1.0
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Title: Structural analyses of energy use and carbon emissions -- an overview
Journal: Economic Systems Research
Pages: 119-132
Issue: 2
Volume: 28
Year: 2016
Month: 6
X-DOI: 10.1080/09535314.2016.1170991
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1170991
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:2:p:119-132
Template-Type: ReDIF-Article 1.0
Author-Name: Kirsten S. Wiebe
Author-X-Name-First: Kirsten S.
Author-X-Name-Last: Wiebe
Title: The impact of renewable energy diffusion on European consumption-based emissions
Abstract:
The amount of carbon embedded in the final consumption of goods and
services in a country or region depends on the amount of goods and
services consumed and the emission intensity of the production processes
along global production chains. A reduction of consumption-based emissions
can be achieved from both sides, a reduction in total consumption and a
reduction in the emission intensity of the production processes. The power
sector is one of the most carbon intensive industries along global
production chains and the global deployment of renewable power generation
technologies (RPGTs) is one possibility to significantly reduce emissions
in this industry. This paper combines three different strands of
literature, multi-regional input--output analysis, dynamic
energy--economy--environment models and technological change in renewable
energy (RE), to model the impact of the global diffusion of renewable
energies on European consumption-based emissions. The global diffusion of
RE technologies (photovoltaic and wind) depends on the development of
technology costs, which are modeled using learning curves. With increasing
deployment of renewables within the EU as well as increasing RD&D efforts,
the EU can achieve an accelerated costs decrease for these technologies,
thus fostering deployment of RPGTs at a global scale through the effect of
decreasing costs. This behavior indirectly influences the electricity mix
abroad, making it less carbon intensive, so that consumption-based
emissions of the EU decrease.
Journal: Economic Systems Research
Pages: 133-150
Issue: 2
Volume: 28
Year: 2016
Month: 6
X-DOI: 10.1080/09535314.2015.1113936
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1113936
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:2:p:133-150
Template-Type: ReDIF-Article 1.0
Author-Name: Rutger Hoekstra
Author-X-Name-First: Rutger
Author-X-Name-Last: Hoekstra
Author-Name: Bernhard Michel
Author-X-Name-First: Bernhard
Author-X-Name-Last: Michel
Author-Name: Sangwon Suh
Author-X-Name-First: Sangwon
Author-X-Name-Last: Suh
Title: The emission cost of international sourcing: using structural decomposition analysis to calculate the contribution of international sourcing to CO2-emission growth
Abstract:
The effect of changes in trade patterns, particularly increasing
international sourcing, on global CO2-emissions growth has yet
to be clearly understood. In this paper, we estimate the emission cost of
sourcing (ECS), which originates from replacing domestic products by
imports from countries with more CO2-intensive technologies.
Using a structural decomposition analysis, we find that changes in
sourcing patterns between 1995 and 2007 contribute (1) to reducing
territorial emissions in high-wage countries (70% of their territorial
emissions growth) and (2) to increasing territorial emissions in low-wage
countries (30% of their territorial emissions increase). The net global
effect, the ECS, amounts to 18% of total global CO2-emissions
growth. Our results call the climate change policies based on territorial
principles into question given that they disregard that differences in
emission intensities between countries contribute to raising global
emissions. In contrast, policies fostering the transfer of cleaner
technologies to low-wage countries decrease the ECS.
Journal: Economic Systems Research
Pages: 151-167
Issue: 2
Volume: 28
Year: 2016
Month: 6
X-DOI: 10.1080/09535314.2016.1166099
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1166099
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:2:p:151-167
Template-Type: ReDIF-Article 1.0
Author-Name: Arunima Malik
Author-X-Name-First: Arunima
Author-X-Name-Last: Malik
Author-Name: Jun Lan
Author-X-Name-First: Jun
Author-X-Name-Last: Lan
Title: The role of outsourcing in driving global carbon emissions
Abstract:
Globalisation has narrowed the gap between producers and consumers of
goods and services. The linkages between international trade and carbon
dioxide (CO2) emissions have started to be recognised, yet the
extent of outsourcing of emissions across nations is unknown. Filling this
gap in knowledge is critical for designing effective policy mechanisms for
assigning responsibility for reductions in emissions. Here we present a
structural decomposition analysis of global trends in outsourcing of
emissions from 1990 to 2010 for 186 individual countries. To this end, we
disaggregate total CO2 emissions for each country into
contributions from the domestic economy and international trade. This
allows us to unveil outsourcing trends for all nations confirming a
world-wide shifting of emissions-intensive production across borders. We
categorise nations into “outsourcers” -- countries that
outsource carbon-intensive production to so-called contractor nations. Our
detailed assessment of the commodity content of global outsourcing flows
reveals interesting insights about the trade of carbon-intensive
commodities.
Journal: Economic Systems Research
Pages: 168-182
Issue: 2
Volume: 28
Year: 2016
Month: 6
X-DOI: 10.1080/09535314.2016.1172475
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1172475
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:2:p:168-182
Template-Type: ReDIF-Article 1.0
Author-Name: Haiyan Zhang
Author-X-Name-First: Haiyan
Author-X-Name-Last: Zhang
Author-Name: Michael L. Lahr
Author-X-Name-First: Michael L.
Author-X-Name-Last: Lahr
Author-Name: Jun Bi
Author-X-Name-First: Jun
Author-X-Name-Last: Bi
Title: Challenges of green consumption in China: a household energy use perspective
Abstract:
To encourage economic progress, China's government has been pushing
domestic consumption as a substitute for its waning growth in investment
and exports. It has also been promoting greener policies for growth, of
which green consumerism is a prime component. By examining the economy
through the lens of household energy consumption, this paper lays out the
challenges the nation must overcome through green consumption. We explore
the trends in household energy use and decompose energy used indirectly by
households into six factors: changes in total population, urbanization
rate, energy efficiency, interindustry input mix, household consumption
preferences, and per capita household consumption level. Doing so yields
insights into how progress in industrial technology, household income,
urbanization, and lifestyles has affected energy use in the production of
goods and services used by households. It also offers policy suggestions
on how China might guide lifestyle changes to effect green consumption.
Journal: Economic Systems Research
Pages: 183-201
Issue: 2
Volume: 28
Year: 2016
Month: 6
X-DOI: 10.1080/09535314.2016.1144563
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1144563
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:2:p:183-201
Template-Type: ReDIF-Article 1.0
Author-Name: Zeus Guevara
Author-X-Name-First: Zeus
Author-X-Name-Last: Guevara
Author-Name: João F. D. Rodrigues
Author-X-Name-First: João F. D.
Author-X-Name-Last: Rodrigues
Title: Structural transitions and energy use: a decomposition analysis of Portugal 1995--2010
Abstract:
The Portuguese energy sector changed substantially during the period
1995--2010, with the introduction of natural gas and a larger renewable
energy production. During the same period, the country also continued the
shift to a service economy. By 2005, these two transitions led to a large
increase in primary energy use (PEU), followed by a significant decline
until 2010. The goal of this paper is to identify the main driving factors
of changes in the Portuguese PEU through structural decomposition
analysis. To do so we build a novel hybrid model with a detailed
description of the energy sector in physical units, and a coarser
description of the rest of the economy in monetary units. The results show
that the main drivers were final demand (increasing PEU) and the direct
energy intensity (decreasing PEU); while the energy and economic
transitions also contributed to decrease PEU, although to a lesser extent.
Journal: Economic Systems Research
Pages: 202-223
Issue: 2
Volume: 28
Year: 2016
Month: 6
X-DOI: 10.1080/09535314.2016.1157456
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1157456
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:2:p:202-223
Template-Type: ReDIF-Article 1.0
Author-Name: Ning Chang
Author-X-Name-First: Ning
Author-X-Name-Last: Chang
Author-Name: Michael L. Lahr
Author-X-Name-First: Michael L.
Author-X-Name-Last: Lahr
Title: Changes in China’s production-source CO2 emissions: insights from structural decomposition analysis and linkage analysis
Abstract:
This paper presents an input--output based methodology -- structural
decomposition analysis (SDA) plus linkage analysis, for identifying the
key factors and sectors that affected production-source CO2
emissions in China. The proposed methodology extends the SDA to account
for the import substitution effect within an open economy such as China
and incorporates the emission linkage by which the effect of the input mix
on CO2 emissions can be understood in depth. Empirical results
indicate that, between 2005 and 2010, improving emission intensity and
input intensity had helped to reduce CO2 emissions; meanwhile,
capital investment explained the majority of the increases in
CO2 emissions brought about by final demand, and import
substitution was also observed to increase CO2 emissions.
Moreover, nine key emission sectors have been identified, and in this
regard, domestic inputs became more CO2-intensive in 2010 than
it was in 2005.
Journal: Economic Systems Research
Pages: 224-242
Issue: 2
Volume: 28
Year: 2016
Month: 6
X-DOI: 10.1080/09535314.2016.1172476
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1172476
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:2:p:224-242
Template-Type: ReDIF-Article 1.0
Author-Name: Anne Owen
Author-X-Name-First: Anne
Author-X-Name-Last: Owen
Author-Name: Richard Wood
Author-X-Name-First: Richard
Author-X-Name-Last: Wood
Author-Name: John Barrett
Author-X-Name-First: John
Author-X-Name-Last: Barrett
Author-Name: Andrew Evans
Author-X-Name-First: Andrew
Author-X-Name-Last: Evans
Title: Explaining value chain differences in MRIO databases through structural path decomposition
Abstract:
Many multiregional input--output (MRIO) databases are used to calculate
consumption-based accounts. Results feature in climate policy discussion
on emissions reduction responsibilities; yet studies show that outcomes
produced by each database differ. This paper compares the emissions
associated with value chains from Eora, EXIOBASE, GTAP and WIOD.
Structural path analysis identifies the largest paths in each database and
the differences in common paths are calculated. For the top 100 value
chain paths that contain the largest difference, structural path
decomposition is used to identify the contribution each part of the value
chain makes towards the difference. The results identify and quantify key
flows that are the cause of difference in the databases. From these, we
can conclude that key MRIO database construction decisions, such as using
the residence or territorial principle for emissions allocation and
whether energy spends are reallocated based on physical data, are the
major causes of differences.
Journal: Economic Systems Research
Pages: 243-272
Issue: 2
Volume: 28
Year: 2016
Month: 6
X-DOI: 10.1080/09535314.2015.1135309
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1135309
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:2:p:243-272
Template-Type: ReDIF-Article 1.0
Author-Name: Shiwei Yu
Author-X-Name-First: Shiwei
Author-X-Name-Last: Yu
Author-Name: Shuhong Zheng
Author-X-Name-First: Shuhong
Author-X-Name-Last: Zheng
Author-Name: Guizhi Ba
Author-X-Name-First: Guizhi
Author-X-Name-Last: Ba
Author-Name: Yi-Ming Wei
Author-X-Name-First: Yi-Ming
Author-X-Name-Last: Wei
Title: Can China realise its energy-savings goal by adjusting its industrial structure?
Abstract:
To investigate whether China can realise its energy-savings goal by 2020
through adjustments to its industrial structure, this study proposes a
dynamic input--output multi-objective optimisation model. According to
this model, the objectives to be achieved include the maximum gross
domestic product and employment, and the minimum energy consumption, where
the constraints are the sectoral dynamic input--output balance, labour and
energy supply, and sectoral production capacity. The four best solutions
are screened from the Pareto-optimal front. The study findings show that
the energy intensities in 2020 would decrease by 42.8%, 43.5%, 42.9%, and
43.4% in the four scenarios when compared to their 2002 levels. This means
that China can fully achieve its planned energy-savings target for 2020.
In order to ensure that the industrial structure is optimised for the
future, sectoral capital investments should be regulated by China's
government and efforts to improve energy efficiency should be maintained.
Journal: Economic Systems Research
Pages: 273-293
Issue: 2
Volume: 28
Year: 2016
Month: 6
X-DOI: 10.1080/09535314.2015.1102714
File-URL: http://hdl.handle.net/10.1080/09535314.2015.1102714
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:2:p:273-293
Template-Type: ReDIF-Article 1.0
Author-Name: Ignacio Cazcarro
Author-X-Name-First: Ignacio
Author-X-Name-Last: Cazcarro
Author-Name: Carlos A. López-Morales
Author-X-Name-First: Carlos A.
Author-X-Name-Last: López-Morales
Author-Name: Faye Duchin
Author-X-Name-First: Faye
Author-X-Name-Last: Duchin
Title: The global economic costs of the need to treat polluted water
Abstract:
We estimate the global costs and other implications of the need to treat
wastewater before it can be re-used. We extend the World Trade Model by
creating water treatment sectors and provide alternative sources of water
for satisfying users’ quantity and quality requirements. The
database distinguishes qualities and quantities of water endowments,
sectoral water requirements, and wastewater discharges. We estimate that
global water treatment costs could be reduced by several trillion dollars
if water endowments were maintained at higher quality than currently is
the case. Under scenarios where water quality degrades further, the
treatment costs more than double even without taking account of likely
increases in quality requirements. This modeling framework provides a
starting point not only for more detailed empirical investigations of
water management strategies, but also for examining prospects and
associated costs for recovering other resources, such as metals, which can
be reused multiple times.
Journal: Economic Systems Research
Pages: 295-314
Issue: 3
Volume: 28
Year: 2016
Month: 9
X-DOI: 10.1080/09535314.2016.1161600
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1161600
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:3:p:295-314
Template-Type: ReDIF-Article 1.0
Author-Name: Karolien Lenaerts
Author-X-Name-First: Karolien
Author-X-Name-Last: Lenaerts
Author-Name: Bruno Merlevede
Author-X-Name-First: Bruno
Author-X-Name-Last: Merlevede
Title: Supply chain fragmentation, input--output tables and spillovers from foreign direct investment
Abstract:
The literature on the impact of multinationals on domestic firms'
productivity points to supply chain linkages with multinational firms as
the main channel for positive spillover effects. Local and multinational
firms' relative positions in the supply chain are typically determined
through the use of input--output tables. For a panel of Romanian firms, we
show that the level of industry aggregation in these tables and the
applied spillover definitions bear an important impact on estimated
spillover effects. We find that the total impact of foreign presence --
irrespective of the channel -- is considerably larger when detailed
IO-tables are used. When more aggregated tables are used, one is likely to
misclassify a considerable number of supplier--client activity as
within-industry competitive activity. Including within-industry supply and
use in the measures of supplier--client activity results in a further
increase of the spillover effect on local suppliers, whereas the
within-industry spillover effect disappears.
Journal: Economic Systems Research
Pages: 315-332
Issue: 3
Volume: 28
Year: 2016
Month: 9
X-DOI: 10.1080/09535314.2016.1187118
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1187118
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:3:p:315-332
Template-Type: ReDIF-Article 1.0
Author-Name: Guillaume Majeau-Bettez
Author-X-Name-First: Guillaume
Author-X-Name-Last: Majeau-Bettez
Author-Name: Richard Wood
Author-X-Name-First: Richard
Author-X-Name-Last: Wood
Author-Name: Anders Hammer Strømman
Author-X-Name-First: Anders Hammer
Author-X-Name-Last: Strømman
Title: On the financial balance of input--output constructs: revisiting an axiomatic evaluation
Abstract:
Financial balance is fundamental to input--output (IO) analysis, and
consequently the respect of this balance is one of the dominant criteria
in evaluating IO constructs. Kop Jansen, and ten Raa [(1990) The Choice of
Model in the Construction of Input--Output Coefficients Matrices.
International Economic Review 31, 213] proved that the
byproduct-technology construct (BTC) and the industry-technology construct
(ITC) do not generally conserve financial balance. In contrast,
Majeau-Bettez et al. [(2016) When do Allocations and Constructs
Respect Material, Energy, Financial, and Production Balances in LCA and
EEIO? Journal of Industrial Ecology 20, 67--84]
demonstrated that the BTC necessarily respects financial balance and that
the ITC is always financially balanced when applied to data recorded in
monetary units. The present article resolves this paradox.
Journal: Economic Systems Research
Pages: 333-343
Issue: 3
Volume: 28
Year: 2016
Month: 9
X-DOI: 10.1080/09535314.2016.1166098
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1166098
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:3:p:333-343
Template-Type: ReDIF-Article 1.0
Author-Name: Mikulas Luptacik
Author-X-Name-First: Mikulas
Author-X-Name-Last: Luptacik
Author-Name: Bernhard Mahlberg
Author-X-Name-First: Bernhard
Author-X-Name-Last: Mahlberg
Title: Productivity change in a multisectoral economic system
Abstract:
We estimate productivity growth without recourse to data on factor input
shares or prices. In the proposed model, the economy is represented by the
Leontief input--output model, which is extended by the constraints of
primary inputs. A Luenberger productivity indicator is proposed to
estimate productivity change; this is then decomposed in a way that
enables us to examine the contributions of individual production factors
and individual commodities to productivity change. The results allow for
the identification of inputs or outputs that are the drivers of the
overall productivity change. Their contributions are then decomposed into
efficiency change and technical change components. Using input--output
tables of the US economy for the period 1977--2006, we show that technical
progress has been the main source of productivity change. Technical
progress was mostly driven by capital, whereas low-skilled labour
contributed negatively.
Journal: Economic Systems Research
Pages: 344-361
Issue: 3
Volume: 28
Year: 2016
Month: 9
X-DOI: 10.1080/09535314.2016.1192527
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1192527
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:3:p:344-361
Template-Type: ReDIF-Article 1.0
Author-Name: Zhuoying Zhang
Author-X-Name-First: Zhuoying
Author-X-Name-Last: Zhang
Author-Name: Hong Yang
Author-X-Name-First: Hong
Author-X-Name-Last: Yang
Author-Name: Minjun Shi
Author-X-Name-First: Minjun
Author-X-Name-Last: Shi
Title: Spatial and sectoral characteristics of China’s international and interregional virtual water flows -- based on multi-regional input--output model
Abstract:
This paper provides a systematic analysis of spatial and sectoral
characteristics and changes in virtual water flows associated with
China’s interregional and international trade based on the China
interregional input--output tables of 2002 and 2007. The results show
significant improvement in water use efficiency between 2002 and 2007.
However, the general spatial patterns and sectoral components of virtual
water flows have more or less remained during the period. Almost all
Chinese provinces are net exporters of virtual water in international
trade. In interregional trade, the dominant direction of virtual water
flow is from peripheral provinces to eastern coastal provinces. The
agricultural sector plays an important role in shaping this direction and
has significant impacts on water uses in exporting provinces, some of
which are water scarce. The results of this study clarify some confusions
concerning mismatches between regional water endowments and virtual water
trade within China and with other countries.
Journal: Economic Systems Research
Pages: 362-382
Issue: 3
Volume: 28
Year: 2016
Month: 9
X-DOI: 10.1080/09535314.2016.1165651
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1165651
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:3:p:362-382
Template-Type: ReDIF-Article 1.0
Author-Name: Kirsten S. Wiebe
Author-X-Name-First: Kirsten S.
Author-X-Name-Last: Wiebe
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Title: To RAS or not to RAS? What is the difference in outcomes in multi-regional input--output models?
Abstract:
The global resource accounting model (GRAM), which is based on OECD
input--output and bilateral trade data, is a multi-regional input--output
model covering 53 countries and 2 regions. What differentiates GRAM from
other state-of-the-art models in this field is that it does not use a
matrix balancing technique, such as RAS, after the initial construction of
the global intermediate coefficient and final demand matrices. Instead, it
reproduces prescribed intermediate and final demand, and determines value
added residually. This choice was made to alter the original data as
little as possible and keep the calculations traceable. This simpler
solution technique might, however, yield different results. This paper
aims at identifying the difference between the current solution of GRAM
and the solution of a RASed version of GRAM, thus contributing to the
assessment of currently used methodologies in this research field. The
short conclusion is that, even though some differences during the
calculations are present, the calculated output (production) matrix does
not differ substantially. The results show that larger differences are
brought about by poor assumptions regarding missing or conflicting data
rather than by applying or not applying a RAS procedure to the constructed
global matrices.
Journal: Economic Systems Research
Pages: 383-402
Issue: 3
Volume: 28
Year: 2016
Month: 9
X-DOI: 10.1080/09535314.2016.1192528
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1192528
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:3:p:383-402
Template-Type: ReDIF-Article 1.0
Author-Name: Jung Hoon Kim
Author-X-Name-First: Jung Hoon
Author-X-Name-Last: Kim
Author-Name: Marc Lavoie
Author-X-Name-First: Marc
Author-X-Name-Last: Lavoie
Title: A two-sector model with target-return pricing in a stock-flow consistent framework
Abstract:
In this paper, we build a generalized two-sector Kaleckian growth model
and explore the dynamics towards long-run positions. The model
incorporates conflicting claims of labour and firms over income
distribution and endogenous labour-saving technical progress. Adopting a
stock-flow consistent framework, our simulation experiments yield the
following results. First, the ‘paradox of thrift’ and the
‘paradox of costs’ hold, meaning that lower saving rates
generate higher growth rates while higher real wages generate higher
profit rates, but the magnitude of the impact depends on the initial
status of income distribution and monetary policy. Second, changes in
autonomous labour-saving innovations might explain the phenomenon of the
‘New Economy’ of the second half of the 1990s within an
alternative framework. Our simulations with a two-sector model retrieve
the analytical results achieved with a one-sector Kaleckian model, with
the addition of path dependence.
Journal: Economic Systems Research
Pages: 403-427
Issue: 3
Volume: 28
Year: 2016
Month: 9
X-DOI: 10.1080/09535314.2016.1196166
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1196166
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:3:p:403-427
Template-Type: ReDIF-Article 1.0
Author-Name: Sai Liang
Author-X-Name-First: Sai
Author-X-Name-Last: Liang
Author-Name: Yafei Wang
Author-X-Name-First: Yafei
Author-X-Name-Last: Wang
Author-Name: Chao Zhang
Author-X-Name-First: Chao
Author-X-Name-Last: Zhang
Author-Name: Ming Xu
Author-X-Name-First: Ming
Author-X-Name-Last: Xu
Author-Name: Zhifeng Yang
Author-X-Name-First: Zhifeng
Author-X-Name-Last: Yang
Author-Name: Weidong Liu
Author-X-Name-First: Weidong
Author-X-Name-Last: Liu
Author-Name: Hongguang Liu
Author-X-Name-First: Hongguang
Author-X-Name-Last: Liu
Author-Name: Anthony S.F. Chiu
Author-X-Name-First: Anthony S.F.
Author-X-Name-Last: Chiu
Title: Final production-based emissions of regions in China
Abstract:
Existing studies focus on either direct emissions of each province in China using production-based accounting (i.e. direct emitters) or emissions caused by the final consumption of each province using consumption-based accounting (i.e. final consumers), but overlook provinces whose final sales drive large amounts of upstream emissions (i.e. final producers). Improving the production efficiency of the latter can help to reduce national emissions. Here we use a final production-based accounting framework to identify critical final producers. Results show that the major final producers leading to China’s emissions are Hebei, Shandong, Jiangsu, Zhejiang, and Guangdong, which are the major manufacturing centers in China. China should encourage the production efficiency improvement of dominant firms in industries of these provinces. The final production-based accounting framework can also help to define and allocate emission responsibilities of Chinese provinces. It can complement production-based and consumption-based accounting frameworks to guide environmental policy-making in China.
Journal: Economic Systems Research
Pages: 18-36
Issue: 1
Volume: 30
Year: 2018
Month: 1
X-DOI: 10.1080/09535314.2017.1312291
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1312291
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:1:p:18-36
Template-Type: ReDIF-Article 1.0
Author-Name: Michael Peneder
Author-X-Name-First: Michael
Author-X-Name-Last: Peneder
Author-Name: Gerhard Streicher
Author-X-Name-First: Gerhard
Author-X-Name-Last: Streicher
Title: De-industrialization and comparative advantage in the global value chain
Abstract:
We investigate the causes of de-industrialization and potential for re-industrialization using trade-linked input–output data from WIOD. By introducing a new global value chain measure of comparative advantage, we relate a sector's share in domestic final demand to that in production and separate the direct effect of trade on its income share. This method identifies the declining share of manufacturing value added in domestic final expenditures to be the main cause of de-industrialization. Differences in comparative advantage between countries do matter, especially in the case of employment shares, but have a limited impact via the direct trade effect on value added. The findings point to a peculiar paradox of industrial policy: precisely when it is successful in raising competitiveness and hence productivity growth of manufacturing, it also furthers the global decline of relative prices in manufacturing. In contrast to the national objectives of re-industrialization, effective industrial policies accelerate de-industrialization in the global economy.
Journal: Economic Systems Research
Pages: 85-104
Issue: 1
Volume: 30
Year: 2018
Month: 1
X-DOI: 10.1080/09535314.2017.1320274
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1320274
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:1:p:85-104
Template-Type: ReDIF-Article 1.0
Author-Name: María Victoria Román
Author-X-Name-First: María Victoria
Author-X-Name-Last: Román
Author-Name: Iñaki Arto
Author-X-Name-First: Iñaki
Author-X-Name-Last: Arto
Author-Name: Alberto Ansuategi
Author-X-Name-First: Alberto
Author-X-Name-Last: Ansuategi
Title: Why do some economies benefit more from climate finance than others? A case study on North-to-South financial flows
Abstract:
The Copenhagen and Paris Agreements, in which developed countries committed to mobilise USD 100 billion a year by 2020, indicate that climate finance will continue to grow. Even though economic development is not the aim of climate finance, climate-related disbursements will generate an economic impact on recipient countries’ economies. This impact will also reach other countries (including climate finance donors) through induced international trade. In this paper, we apply a structural decomposition analysis to study why the economic impact of climate finance varies between countries. We focus on specific climate actions and quantify the contribution of four drivers: value-added intensity, domestic multiplier, foreign multiplier and trade structure. The paper helps identifying the factors with the greatest potential to enhance the economic gains of climate finance in each country. This information can be useful for policy-makers trying to design national strategies that exploit the synergies between climate action and economic development.
Journal: Economic Systems Research
Pages: 37-60
Issue: 1
Volume: 30
Year: 2018
Month: 1
X-DOI: 10.1080/09535314.2017.1334629
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1334629
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:1:p:37-60
Template-Type: ReDIF-Article 1.0
Author-Name: Hanspeter Wieland
Author-X-Name-First: Hanspeter
Author-X-Name-Last: Wieland
Author-Name: Stefan Giljum
Author-X-Name-First: Stefan
Author-X-Name-Last: Giljum
Author-Name: Martin Bruckner
Author-X-Name-First: Martin
Author-X-Name-Last: Bruckner
Author-Name: Anne Owen
Author-X-Name-First: Anne
Author-X-Name-Last: Owen
Author-Name: Richard Wood
Author-X-Name-First: Richard
Author-X-Name-Last: Wood
Title: Structural production layer decomposition: a new method to measure differences between MRIO databases for footprint assessments
Abstract:
Recent empirical assessments revealed that footprint indicators calculated with various multi-regional input–output (MRIO) databases deliver deviating results. In this paper, we propose a new method, called structural production layer decomposition (SPLD), which complements existing structural decomposition approaches. SPLD enables differentiating between effects stemming from specific parts in the technology matrix, e.g. trade blocks vs. domestic blocks, while still allowing to link the various effects to the total region footprint. Using the carbon footprint of the EU-28 in 2011 as an example, we analyse the differences between EXIOBASE, Eora, GTAP and WIOD. Identical environmental data are used across all MRIO databases. In all model comparisons, variations in domestic blocks have a more significant impact on the carbon footprint than variations in trade blocks. The results provide a wealth of information for MRIO developers and are relevant for policy makers designing climate policy measures targeted to specific stages along product supply chains.
Journal: Economic Systems Research
Pages: 61-84
Issue: 1
Volume: 30
Year: 2018
Month: 1
X-DOI: 10.1080/09535314.2017.1350831
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1350831
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:1:p:61-84
Template-Type: ReDIF-Article 1.0
Author-Name: João-Pedro Ferreira
Author-X-Name-First: João-Pedro
Author-X-Name-Last: Ferreira
Author-Name: Pedro Ramos
Author-X-Name-First: Pedro
Author-X-Name-Last: Ramos
Author-Name: Luís Cruz
Author-X-Name-First: Luís
Author-X-Name-Last: Cruz
Author-Name: Eduardo Barata
Author-X-Name-First: Eduardo
Author-X-Name-Last: Barata
Title: The opportunity costs of commuting: the value of a commuting satellite account framework with an example from Lisbon Metropolitan Area
Abstract:
Commuting affects regional and urban economies. It shapes urban areas, defines their relationships with neighboring regions, intensifies economic flows and exacerbates energy consumption and greenhouse gas emissions. This paper sets out a proposal for an innovative commuting satellite account (CSA), integrated in a multi-regional input–output model. This framework combines commuting activities with regional distribution of income, distinct household consumption structures, real estate renting activities and the energy consumption and environmental flows incorporated in the different industries. To assess the opportunity costs of commuting, the CSA framework is applied to the Lisbon Metropolitan Area. The socio-economic-environmental impacts of a scenario in which commuters become non-commuters by moving their residence to the municipality in which they work are estimated. The analysis indicates that: commuting, in general, induces significant economic and environmental opportunity costs. Finally, the adoption of policy-oriented recommendations contributing to limit sprawling in metropolitan regions is discussed.
Journal: Economic Systems Research
Pages: 105-119
Issue: 1
Volume: 30
Year: 2018
Month: 1
X-DOI: 10.1080/09535314.2017.1357536
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1357536
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:1:p:105-119
Template-Type: ReDIF-Article 1.0
Author-Name: Vinicius A. Vale
Author-X-Name-First: Vinicius A.
Author-X-Name-Last: Vale
Author-Name: Fernando S. Perobelli
Author-X-Name-First: Fernando S.
Author-X-Name-Last: Perobelli
Author-Name: Ariaster B. Chimeli
Author-X-Name-First: Ariaster B.
Author-X-Name-Last: Chimeli
Title: International trade, pollution, and economic structure: evidence on CO2 emissions for the North and the South
Abstract:
This study investigates the mechanics of international trade and CO2 emissions in two blocs of countries (‘North’ and ‘South’) by analyzing data from the World Input–Output Database. We adapt the Miyazawa technique to estimate the linkages between international trade and the environment at a global scale. Therefore, this study is in line with the idea of highlighting the role of feedback effects as well as the nature and extent of extra-regional influences on an economy in response to an additional stimulus. This is a contribution that, to our best knowledge, has not yet appeared in the literature. Our results suggest that both the North and the South have become less pollution-intensive (technique effect) over the years. Interestingly and in contrast to much of the literature, we also find support to the hypothesis that the South has specialized in relatively more pollution-intensive activities (composition effect).
Journal: Economic Systems Research
Pages: 1-17
Issue: 1
Volume: 30
Year: 2018
Month: 1
X-DOI: 10.1080/09535314.2017.1361907
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1361907
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:1:p:1-17
Template-Type: ReDIF-Article 1.0
Author-Name: Henryk Gurgul
Author-X-Name-First: Henryk
Author-X-Name-Last: Gurgul
Author-Name: Łukasz Lach
Author-X-Name-First: Łukasz
Author-X-Name-Last: Lach
Title: Some remarks on a social network approach to identifying key sectors
Abstract:
Ostensibly, certain adaptations of social network theory extend and improve the traditional key-sector approaches. Our analysis of the underlying algebraic properties shows that a social-network-based approach proposed by García Muñiz et al. [(2008) Key Sectors: A New Proposal from Network Theory. Regional Studies, 42, 1013–1030] does not relate final demand and output in ways comparable to key-sector measures that are based on the static Leontief input–output model. Using the most recent IO table for Poland we show that the modified approach can lead to spurious empirical results and, as a consequence, to false policy implications.
Journal: Economic Systems Research
Pages: 120-135
Issue: 1
Volume: 30
Year: 2018
Month: 1
X-DOI: 10.1080/09535314.2017.1365048
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1365048
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:1:p:120-135
Template-Type: ReDIF-Article 1.0
Author-Name: Johannes Többen
Author-X-Name-First: Johannes
Author-X-Name-Last: Többen
Title: On the simultaneous estimation of physical and monetary commodity flows
Abstract:
Large databases mapping commodity flows measured in various units such as currency, tons or caloric values are the backbone of many recent environmental-economic studies. Their construction typically requires combining large amounts of partial information in a series of successive steps. These include the estimation of unobserved flows, transformations between units, handling aggregation re-classification and, finally, reconciling estimates with mass, financial and/or energy balances. This paper proposes a maximum entropy model that allows for the simultaneous estimation of unobserved commodity flows as well as corresponding prices such that data constraints in various units of measurement, levels of aggregation and possibly mismatching classifications are simultaneously satisfied. Its capability is assessed through a Monte-Carlo analysis and its performance compared with a simple step-wise approach. Our results suggest that the simultaneous approach performs significantly better in a vast majority of cases.
Journal: Economic Systems Research
Pages: 1-24
Issue: 1
Volume: 29
Year: 2017
Month: 1
X-DOI: 10.1080/09535314.2016.1271774
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1271774
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:1:p:1-24
Template-Type: ReDIF-Article 1.0
Author-Name: Maarten Christis
Author-X-Name-First: Maarten
Author-X-Name-Last: Christis
Author-Name: Theo Geerken
Author-X-Name-First: Theo
Author-X-Name-Last: Geerken
Author-Name: An Vercalsteren
Author-X-Name-First: An
Author-X-Name-Last: Vercalsteren
Author-Name: Karl C. Vrancken
Author-X-Name-First: Karl C.
Author-X-Name-Last: Vrancken
Title: Improving footprint calculations of small open economies: combining local with multi-regional input–output tables
Abstract:
In a small, open and resource-poor economy, import and export dependency have an ever-growing impact on local policy decisions, which makes local (environmental) policy-makers increasingly depend on global data. This increases the interest in models that link local production and consumption data to global production, trade and environmental data. The recent increase in availability of global environmentally extended multi-regional input-output tables (EE-MRIO tables) provides an opportunity to link them with existing local environmentally extended input-output tables (EE-RIO tables). These combined tables make it possible (1) to analyse the links between local and global production and consumption and (2) to study global value chains, material use and environmental impacts simultaneously. However, estimations using input-output (I–O) analyses contain errors due to imperfect databases. In this article the magnitude of specification, aggregation and time errors are estimated and compared. The results show the need to combine local datasets with multi-regional ones and show that highest detailed (country and sector levels) as well as time series of I–O tables are the way forward for using I–O analyses in local policy-making. The paper provides guidance on trading off investments in model adoption and/or extension and the reliability of estimation results.
Journal: Economic Systems Research
Pages: 25-47
Issue: 1
Volume: 29
Year: 2017
Month: 1
X-DOI: 10.1080/09535314.2016.1245653
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1245653
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:1:p:25-47
Template-Type: ReDIF-Article 1.0
Author-Name: Bo Meng
Author-X-Name-First: Bo
Author-X-Name-Last: Meng
Author-Name: Yong Fang
Author-X-Name-First: Yong
Author-X-Name-Last: Fang
Author-Name: Jiemin Guo
Author-X-Name-First: Jiemin
Author-X-Name-Last: Guo
Author-Name: Yaxiong Zhang
Author-X-Name-First: Yaxiong
Author-X-Name-Last: Zhang
Title: Measuring China’s domestic production networks through Trade in Value-added perspectives
Abstract:
Evaluating the role and performance of China's participation in Global value chains (GVCs) has been a hot policy and research issue in recent years. However, most GVCs-related literature about China focuses on country-to-country relations; less attention has been paid to China's domestic value chains (DVCs). GVCs should have their domestic foundations since strong linkages across domestic firms and regions can improve productivity through gains from specialization, which make domestic industries more competitive in GVCs in turn. This paper applies the so-called Trade in Value-added (TiVA) concept and the decomposition of domestic-regional trade in TiVA terms to re-measure the inter-industrial and interregional linkages in China's DVCs. We show that TiVA-based measures can significantly enrich our understanding on both the structure change of China's regional economy and the position and participation degree of Chinese regions in DVCs.
Journal: Economic Systems Research
Pages: 48-65
Issue: 1
Volume: 29
Year: 2017
Month: 1
X-DOI: 10.1080/09535314.2017.1282435
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1282435
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:1:p:48-65
Template-Type: ReDIF-Article 1.0
Author-Name: Arjan Lejour
Author-X-Name-First: Arjan
Author-X-Name-Last: Lejour
Author-Name: Hugo Rojas-Romagosa
Author-X-Name-First: Hugo
Author-X-Name-Last: Rojas-Romagosa
Author-Name: Paul Veenendaal
Author-X-Name-First: Paul
Author-X-Name-Last: Veenendaal
Title: Identifying hubs and spokes in global supply chains using redirected trade in value added
Abstract:
The increasing importance of global supply chains has prompted the use of analytical tools based on trade in value added – instead of traditional measures in gross value. We use this analytical framework to develop indicators that identify production hubs and supply spokes in global supply chains. Using these indicators and the Global Trade Analysis Project (GTAP) database, we quantify the relative importance of redirected value-added trade and the hub and spoke relationships at the aggregate level and for specific highly integrated industries.
Journal: Economic Systems Research
Pages: 66-81
Issue: 1
Volume: 29
Year: 2017
Month: 1
X-DOI: 10.1080/09535314.2017.1282436
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1282436
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:1:p:66-81
Template-Type: ReDIF-Article 1.0
Author-Name: Marco Capasso
Author-X-Name-First: Marco
Author-X-Name-Last: Capasso
Author-Name: Koen Frenken
Author-X-Name-First: Koen
Author-X-Name-Last: Frenken
Author-Name: Tania Treibich
Author-X-Name-First: Tania
Author-X-Name-Last: Treibich
Title: Sectoral co-movements of employment growth at regional level
Abstract:
This paper presents a comprehensive study of sectoral co-movements of employment growth in the entire Dutch economy. We construct different macro typologies according to manufacturing versus services, innovativeness, labour skills and position in the value chain, thus expanding the list of potential logics of sectoral interrelations. Using a vector autoregression model, we assess whether and how growth in a macro-sector, and in a given region, can predict growth in the same or other macro-sectors, in the same or in other regions. Our findings bring to light the inter-regional nature of intersectoral linkages, as well as the existence of complementarities between sectors. Supporting the growth of innovative firms could have positive externality effects, especially in the Knowledge-Intensive Business Services sector which is associated with the growth of the entire economy.
Journal: Economic Systems Research
Pages: 82-104
Issue: 1
Volume: 29
Year: 2017
Month: 1
X-DOI: 10.1080/09535314.2017.1281232
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1281232
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:1:p:82-104
Template-Type: ReDIF-Article 1.0
Author-Name: Fumiya Nagashima
Author-X-Name-First: Fumiya
Author-X-Name-Last: Nagashima
Author-Name: Shigemi Kagawa
Author-X-Name-First: Shigemi
Author-X-Name-Last: Kagawa
Author-Name: Sangwon Suh
Author-X-Name-First: Sangwon
Author-X-Name-Last: Suh
Author-Name: Keisuke Nansai
Author-X-Name-First: Keisuke
Author-X-Name-Last: Nansai
Author-Name: Daniel Moran
Author-X-Name-First: Daniel
Author-X-Name-Last: Moran
Title: Identifying critical supply chain paths and key sectors for mitigating primary carbonaceous PM mortality in Asia
Abstract:
Total mortality attributable to PM2.5 is highest in the Asian domain, estimated as 2.3 million deaths annually. We apply consumption-based accounting to identify the key sectors responsible for primary carbonaceous PM2.5 mortality. The study combines an input–output model with an atmospheric transport model and fully links consumer demand to final pollutant fate and health impact. We find the following: (1) considering atmospheric transport changes the distribution of demand-induced impact as compared to conventional emissions footprinting, (2) the supply chain paths with the greatest impact on PM2.5-induced human health problems in the region are centered around agricultural technologies in China, and (3) the transportation sector of China plays a major role in the supply chain paths that generate relatively large impacts on human health. We conclude that Japan is responsible for PM2.5 mortality in Asia and should take leadership in changing key high-priority technologies and critical supply chain paths into greener ones.
Journal: Economic Systems Research
Pages: 105-123
Issue: 1
Volume: 29
Year: 2017
Month: 1
X-DOI: 10.1080/09535314.2016.1266992
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1266992
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:1:p:105-123
Template-Type: ReDIF-Article 1.0
Author-Name: Guido Ferrari
Author-X-Name-First: Guido
Author-X-Name-Last: Ferrari
Author-Name: Luca Secondi
Author-X-Name-First: Luca
Author-X-Name-Last: Secondi
Title: CES and Translog parameter estimates in a SAM-based regional general equilibrium framework
Abstract:
The computation of General Equilibrium models crucially depends on Social Accounting Matrix (SAM)-based calibration and on how estimation/imputation are performed to reproduce the benchmark dataset as an equilibrium solution. In this paper, theoretical contributions are provided by suggesting a new procedure in which the production function parameters and the elasticity of substitution are estimated by resorting to the data contained in the SAM. To this aim, the Generalized Cross-Entropy estimator is used. Application of this self-contained procedure to the regional SAM for the Italian region Tuscany leads to empirical results consisting of the estimates of the elasticities of substitution of Constant Elasticity of Substitution and Translog production functions consistent with the theoretical background. This yields a more efficient and effective solution of Computable General Equilibrium models.
Journal: Economic Systems Research
Pages: 124-141
Issue: 1
Volume: 29
Year: 2017
Month: 1
X-DOI: 10.1080/09535314.2017.1281233
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1281233
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:1:p:124-141
Template-Type: ReDIF-Article 1.0
Author-Name: Arne Geschke
Author-X-Name-First: Arne
Author-X-Name-Last: Geschke
Author-Name: Michalis Hadjikakou
Author-X-Name-First: Michalis
Author-X-Name-Last: Hadjikakou
Title: Virtual laboratories and MRIO analysis – an introduction
Abstract:
This editorial is the introduction to a special issue of Economic Systems Research on Input–Output Virtual Laboratories (IO VLs). The main purpose of this editorial is to explain the rationale for dedicating a special issue to this evolving niche of IO research, highlighting its potential to contribute to debates on topical policy issues. The first two sections review recent developments in the field of multi-regional input–output database compilation, followed by a brief description of the concept and architecture behind IO VLs. The seven papers chosen for this issue are then introduced. The concluding section finally outlines current challenges and future research avenues for IO VLs.
Journal: Economic Systems Research
Pages: 143-157
Issue: 2
Volume: 29
Year: 2017
Month: 4
X-DOI: 10.1080/09535314.2017.1318828
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1318828
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:2:p:143-157
Template-Type: ReDIF-Article 1.0
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Arne Geschke
Author-X-Name-First: Arne
Author-X-Name-Last: Geschke
Author-Name: Muhammad Daaniyall Abd Rahman
Author-X-Name-First: Muhammad Daaniyall
Author-X-Name-Last: Abd Rahman
Author-Name: Yanyan Xiao
Author-X-Name-First: Yanyan
Author-X-Name-Last: Xiao
Author-Name: Jacob Fry
Author-X-Name-First: Jacob
Author-X-Name-Last: Fry
Author-Name: Rachel Reyes
Author-X-Name-First: Rachel
Author-X-Name-Last: Reyes
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Satoshi Inomata
Author-X-Name-First: Satoshi
Author-X-Name-Last: Inomata
Author-Name: Keiichiro Kanemoto
Author-X-Name-First: Keiichiro
Author-X-Name-Last: Kanemoto
Author-Name: Bart Los
Author-X-Name-First: Bart
Author-X-Name-Last: Los
Author-Name: Daniel Moran
Author-X-Name-First: Daniel
Author-X-Name-Last: Moran
Author-Name: Hagen Schulte in den Bäumen
Author-X-Name-First: Hagen
Author-X-Name-Last: Schulte in den Bäumen
Author-Name: Arnold Tukker
Author-X-Name-First: Arnold
Author-X-Name-Last: Tukker
Author-Name: Terrie Walmsley
Author-X-Name-First: Terrie
Author-X-Name-Last: Walmsley
Author-Name: Thomas Wiedmann
Author-X-Name-First: Thomas
Author-X-Name-Last: Wiedmann
Author-Name: Richard Wood
Author-X-Name-First: Richard
Author-X-Name-Last: Wood
Author-Name: Norihiko Yamano
Author-X-Name-First: Norihiko
Author-X-Name-Last: Yamano
Title: The Global MRIO Lab – charting the world economy
Abstract:
We describe the creation of the Global Multi-Region Input–Output (MRIO) Lab, which is a cloud-computing platform offering a collaborative research environment through which participants can use each other’s resources to assemble their own individual MRIO versions. The Global MRIO Lab’s main purpose is to harness and focus previously disparate resources aimed at compiling large-scale MRIO databases that provide comprehensive representations of interregional trade, economic structure, industrial interdependence, as well as environmental and social impact. Based on the operational Australian Industrial Ecology Lab, a particularly important feature of this cloud environment is a highly detailed regional and sectoral taxonomy called the ‘root classification’. The purpose of this root is to serve as a feedstock from which researchers can choose any combination of regions and economic sectors to form a model of the economy that is suitable to address their particular research questions. Thus, the Global MRIO Lab concept enables enhanced flexibility in MRIO database construction whilst at the same time saving resources and avoiding duplication, by sharing time- and labour-intensive tasks amongst multiple research teams. We explain the concept, architecture, development and preliminary results of the Global MRIO Lab, and discuss its ability to continuously deliver some of the most prominent world MRIO databases.
Journal: Economic Systems Research
Pages: 158-186
Issue: 2
Volume: 29
Year: 2017
Month: 4
X-DOI: 10.1080/09535314.2017.1301887
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1301887
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:2:p:158-186
Template-Type: ReDIF-Article 1.0
Author-Name: Muhammad Daaniyall Abd Rahman
Author-X-Name-First: Muhammad Daaniyall Abd
Author-X-Name-Last: Rahman
Author-Name: Bart Los
Author-X-Name-First: Bart
Author-X-Name-Last: Los
Author-Name: Arne Geschke
Author-X-Name-First: Arne
Author-X-Name-Last: Geschke
Author-Name: Yanyan Xiao
Author-X-Name-First: Yanyan
Author-X-Name-Last: Xiao
Author-Name: Keiichiro Kanemoto
Author-X-Name-First: Keiichiro
Author-X-Name-Last: Kanemoto
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Title: A flexible adaptation of the WIOD database in a virtual laboratory
Abstract:
The World Input-Output Database provides a time series of world input–output tables (WIOTs) that have been used for example to understand the manifold effects of the increased integration of markets through international trade. In order to enhance the flexibility of research on global trade issues using WIOD, we implement the WIOT workflow in a collaborative, cloud-based virtual laboratory environment. We demonstrate that a lab-based adaptation of WIOD is able (a) to continuously create and update versions of the WIOTs in a timely, consistent, and cost-effective way, (b) to enhance original information with accompanying information on standard deviations, and (c) to enable flexible re-casting of the entire WIOT time series into user-specific geographical and sectoral classifications.
Journal: Economic Systems Research
Pages: 187-208
Issue: 2
Volume: 29
Year: 2017
Month: 4
X-DOI: 10.1080/09535314.2017.1318115
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1318115
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:2:p:187-208
Template-Type: ReDIF-Article 1.0
Author-Name: Rachel C. Reyes
Author-X-Name-First: Rachel C.
Author-X-Name-Last: Reyes
Author-Name: Arne Geschke
Author-X-Name-First: Arne
Author-X-Name-Last: Geschke
Author-Name: Arjan de Koning
Author-X-Name-First: Arjan
Author-X-Name-Last: de Koning
Author-Name: Richard Wood
Author-X-Name-First: Richard
Author-X-Name-Last: Wood
Author-Name: Tatyana Bulavskaya
Author-X-Name-First: Tatyana
Author-X-Name-Last: Bulavskaya
Author-Name: Konstantin Stadler
Author-X-Name-First: Konstantin
Author-X-Name-Last: Stadler
Author-Name: Hagen Schulte in den Bäumen
Author-X-Name-First: Hagen
Author-X-Name-Last: Schulte in den Bäumen
Author-Name: Arnold Tukker
Author-X-Name-First: Arnold
Author-X-Name-Last: Tukker
Title: The Virtual IELab – an exercise in replicating part of the EXIOBASE V.2 production pipeline in a virtual laboratory
Abstract:
We explore options to replicate the EXIOBASE2 multi-region input–output (MRIO) database in the Virtual IELab cloud-computing laboratory environment. Whereas EXIOBASE2 is constructed using a multi-process reconciliation procedure, we present an alternative compilation technique that uses EXIOBASE2's pre-processed data and final tables in reconciling the IELab MRIO with conflicting raw data information. This approach skips the labour-intensive step of detailing and harmonising country tables. Adherence metrics reveal the EXIOBASE2-based IELab table to be considerably less balanced than the original but with stronger adherence to other constraints data. However, these metrics are not comparable to the original EXIOBASE2 statistics due to the distinctive implementation of constraint sets in the two platforms. IELab's main value-added is its flexibility in tailoring EXIOBASE2-based MRIOs beyond the original recipe. Finally, IELab's global carbon, water and material footprints are shown to be comparable with previously reported resource footprints. In contrast, deviations in land footprints warrant further investigation.
Journal: Economic Systems Research
Pages: 209-233
Issue: 2
Volume: 29
Year: 2017
Month: 4
X-DOI: 10.1080/09535314.2017.1317237
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1317237
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:2:p:209-233
Template-Type: ReDIF-Article 1.0
Author-Name: Futu Faturay
Author-X-Name-First: Futu
Author-X-Name-Last: Faturay
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Kunta Nugraha
Author-X-Name-First: Kunta
Author-X-Name-Last: Nugraha
Title: A new sub-national multi-region input–output database for Indonesia
Abstract:
As a large archipelago with significant geographical variation and economic diversity, Indonesia requires detailed regional information when subjected to economic modelling. While such information is available, it however has not been integrated and harmonised into a comprehensive input–output database, thus preventing economic, social, and environmental modelling for investigating sub-national regional policy questions. We present the new IndoLab, a collaborative research platform for Indonesia, enabling input–output modelling of economic, social, and environmental issues in a cloud-computing environment. Within the IndoLab researchers are for the first time able to generate a time series of regionally and sectorally detailed and comprehensive, sub-national multi-region input–output (MRIO) tables for Indonesia. By integrating a multitude of economic, social, and environmental data into a single standardised processing pipeline and harmonised data repository, the IndoLab is able to generate MRIO tables capturing up to 1148 sectors, and 495 cities and regencies. Researchers can freely choose from this detail to construct tables with customised classifications that suit their own research questions. First results from the IndoLab clearly demonstrate the unique characteristics of regions in terms of their sectors’ employment intensity. Thus, the IndoLab has great potential for investigating policy questions that cannot be comprehensively addressed using a single national database.
Journal: Economic Systems Research
Pages: 234-251
Issue: 2
Volume: 29
Year: 2017
Month: 4
X-DOI: 10.1080/09535314.2017.1304361
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1304361
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:2:p:234-251
Template-Type: ReDIF-Article 1.0
Author-Name: Yafei Wang
Author-X-Name-First: Yafei
Author-X-Name-Last: Wang
Title: An industrial ecology virtual framework for policy making in China
Abstract:
This study develops a multi-regional input–output (MRIO) laboratory for policy-relevant applications in China. The Chinese IELab features unique flexibility and advances the previous state of the art in terms of three novel aspects. First, it can generate regionally and sectorally very detailed MRIO tables based on users’ own research questions. Second, it covers the entire territorial economic boundary and has the longest and most up to date annual time series from 1978 to 2015. Third, it can be used to provide insight to a wide range of research and policy questions including social, economic, and environmental issues, thus significantly improving all applications that rely on input–output tables. These features are illustrated by generating a Beijing–Tianjin–Hebei multi-regional supply and use table for 2014 at city level and applying it to the case study of transferring Beijing’s non-capital functions according to The Beijing-Tianjin-Hebei Coordinated Development Strategy set by the Chinese government.
Journal: Economic Systems Research
Pages: 252-274
Issue: 2
Volume: 29
Year: 2017
Month: 4
X-DOI: 10.1080/09535314.2017.1313199
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1313199
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:2:p:252-274
Template-Type: ReDIF-Article 1.0
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Author-Name: Arne Geschke
Author-X-Name-First: Arne
Author-X-Name-Last: Geschke
Author-Name: Arunima Malik
Author-X-Name-First: Arunima
Author-X-Name-Last: Malik
Author-Name: Jacob Fry
Author-X-Name-First: Jacob
Author-X-Name-Last: Fry
Author-Name: Joe Lane
Author-X-Name-First: Joe
Author-X-Name-Last: Lane
Author-Name: Thomas Wiedmann
Author-X-Name-First: Thomas
Author-X-Name-Last: Wiedmann
Author-Name: Steven Kenway
Author-X-Name-First: Steven
Author-X-Name-Last: Kenway
Author-Name: Khanh Hoang
Author-X-Name-First: Khanh
Author-X-Name-Last: Hoang
Author-Name: Andrew Cadogan-Cowper
Author-X-Name-First: Andrew
Author-X-Name-Last: Cadogan-Cowper
Title: New multi-regional input–output databases for Australia – enabling timely and flexible regional analysis
Abstract:
Decision-making at regional scales requires timely information. Within four months of the release of official national statistics, we have produced a time-series (2008–2015) of balanced sub-national, multi-regional supply-and-use tables (MR-SUT), integrated with a set of socio-economic and environmental accounts. This was achieved using the Australian IELab, where data used in this study are available (https://ielab.info/resources/91). Four multi-regional, environmentally extended supply-use tables regionalised in different ways were produced to demonstrate the flexibility of tailoring input–output models to specific research or policy questions. Results for satellite coefficients are sensitive to the chosen regional grouping and method for regionalisation. We demonstrate the relevance of such purpose-built information to government and corporate decision-makers by analysing the indirect economic and employment consequences of a slowdown of the mining boom in Western Australia. The demonstrated innovations in flexibility and timeliness will help move past some of the limitations that have historically hindered the uptake and utility of applied input–output analysis.
Journal: Economic Systems Research
Pages: 275-295
Issue: 2
Volume: 29
Year: 2017
Month: 4
X-DOI: 10.1080/09535314.2017.1315331
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1315331
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:2:p:275-295
Template-Type: ReDIF-Article 1.0
Author-Name: Thomas Wiedmann
Author-X-Name-First: Thomas
Author-X-Name-Last: Wiedmann
Title: An input–output virtual laboratory in practice – survey of uptake, usage and applications of the first operational IELab
Abstract:
The Industrial Ecology Virtual Laboratory (IELab) is a collaborative cloud-computing platform for compiling large-scale, high-resolution, enviro-socio-economic accounts based on multi-region input–output tables and for conducting integrated sustainability assessment projects. These include, for example, assessments of biofuels and low-carbon construction materials or high-resolution waste modelling. This contribution provides a structured review of IELab applications that were published in either peer-reviewed journal papers or in the form of conference proceedings. The main research question posed is ‘What are the specific features of IELab that were used in the research and could the research have happened without them?’ It is investigated whether the IELab has actually and truly enabled new research. A detailed analysis of IELab characteristics and their usage is presented. The results can help with the design of new research projects and inform existing and prospective users of the IELab about the options for academic research and practical applications.
Journal: Economic Systems Research
Pages: 296-312
Issue: 2
Volume: 29
Year: 2017
Month: 4
X-DOI: 10.1080/09535314.2017.1283295
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1283295
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:2:p:296-312
Template-Type: ReDIF-Article 1.0
Author-Name: Yoshio Kajitani
Author-X-Name-First: Yoshio
Author-X-Name-Last: Kajitani
Author-Name: Hirokazu Tatano
Author-X-Name-First: Hirokazu
Author-X-Name-Last: Tatano
Title: Applicability of a spatial computable general equilibrium model to assess the short-term economic impact of natural disasters
Abstract:
Computable general equilibrium (CGE) models have been widely used to assess the economic impact of natural disasters, but the models have not been fully validated by applying them to real disasters. This study focuses on validating a model for use in a short-run case in which the functional recovery of infrastructure and businesses occurred on a time scale of a few months. A special attempt is made to determine the parameter values of elasticity of substitutions, which play an important role in the effect on supply chains. In this study, a spatial CGE model, in which Japan is divided into nine regions, is constructed and applied to the case of the 2011 Great East Japan Earthquake and Tsunami. Through this application, the best estimates of the elasticity parameters generated relatively consistent estimates of production change compared with the observed change, both in severely affected regions and in other regions.
Journal: Economic Systems Research
Pages: 289-312
Issue: 3
Volume: 30
Year: 2018
Month: 7
X-DOI: 10.1080/09535314.2017.1369010
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1369010
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:3:p:289-312
Template-Type: ReDIF-Article 1.0
Author-Name: Ana-Isabel Guerra
Author-X-Name-First: Ana-Isabel
Author-X-Name-Last: Guerra
Author-Name: Ferran Sancho
Author-X-Name-First: Ferran
Author-X-Name-Last: Sancho
Title: On the need to compensate the compensating variation in CGE modeling
Abstract:
The message of this research is that in the standard calibrated setting of Computational General Equilibrium (CGE) models, the welfare measures typically used to compare benchmark with counterfactuals are numéraire dependent. This evaluation bias affects the compensating variation and the Konüs index of cost of living. We show that the equivalent variation is neutral regarding the choice of value units in calibrated models but would be affected as well in uncalibrated CGE models. We illustrate with a simple example and propose an even simpler theoretical solution to overcome these biases; all that is required to have correct welfare estimates is to compensate normalizing with a suitable price index. This type of correction is necessary to overcome the sometimes blind implementation of welfare measures in numerical general equilibrium analysis. We show that the induced quantitative errors may be substantial providing biased welfare estimates and misleading results.
Journal: Economic Systems Research
Pages: 313-322
Issue: 3
Volume: 30
Year: 2018
Month: 7
X-DOI: 10.1080/09535314.2017.1372371
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1372371
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:3:p:313-322
Template-Type: ReDIF-Article 1.0
Author-Name: Osman Aydoğuş
Author-X-Name-First: Osman
Author-X-Name-Last: Aydoğuş
Author-Name: Çağaçan Değer
Author-X-Name-First: Çağaçan
Author-X-Name-Last: Değer
Author-Name: Elif Tunalı Çalışkan
Author-X-Name-First: Elif
Author-X-Name-Last: Tunalı Çalışkan
Author-Name: Gülçin Gürel Günal
Author-X-Name-First: Gülçin
Author-X-Name-Last: Gürel Günal
Title: An input–output model of exchange-rate pass-through
Abstract:
The impact of the exchange rate on price formation is often debated through a mechanism called the exchange-rate pass-through. Studies of the pass-through generally rely on econometric analysis implemented on time series data. This study examines pass-through to the domestic price level through an input–output model. The proposed model is implemented on a sample of countries, and a number of different variables connected to the pass-through are examined. A comparison across countries and sectors highlights the importance of the construction sector in price formation. National income is negatively related to the pass-through. A high dependence on intermediate imports implies higher pass-through. Price level volatility and pass-through are positively related; whereas a country’s monetary policy stance has no apparent effect. The effect of exchange-rate volatility is unclear; it is negative for the real effective exchange rate, the connection is very weak in the case of the nominal exchange rate.
Journal: Economic Systems Research
Pages: 323-336
Issue: 3
Volume: 30
Year: 2018
Month: 7
X-DOI: 10.1080/09535314.2017.1374243
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1374243
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:3:p:323-336
Template-Type: ReDIF-Article 1.0
Author-Name: Umed Temursho
Author-X-Name-First: Umed
Author-X-Name-Last: Temursho
Title: Intercountry feedback and spillover effects within the international supply and use framework: a Bayesian perspective
Abstract:
This paper proposes a new framework for the estimation of product-level global and interregional feedback and spillover (FS) factor multipliers. The framework is directly based on interregional supply and use tables (SUTs) that could be rectangular and gives a possibility of taking account of the inherent input–output data uncertainty problems. A Bayesian econometric approach is applied to the framework using the first version of international SUTs in the World Input–Output Database. The obtained estimates of the global and intercountry FS output effects are discussed and presented at the world, country and product levels for the period of 1995–2009.
Journal: Economic Systems Research
Pages: 337-358
Issue: 3
Volume: 30
Year: 2018
Month: 7
X-DOI: 10.1080/09535314.2017.1399863
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1399863
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:3:p:337-358
Template-Type: ReDIF-Article 1.0
Author-Name: Douglas S. Thomas
Author-X-Name-First: Douglas S.
Author-X-Name-Last: Thomas
Author-Name: Anand M. Kandaswamy
Author-X-Name-First: Anand M.
Author-X-Name-Last: Kandaswamy
Title: An examination of national supply-chain flow time
Abstract:
The US and other national governments invest in research and development to spur competitiveness in their domestic manufacturing industries. However, there are limited studies on identifying the research efforts that will have the largest possible return on investment, resulting in suboptimal returns. Manufacturers commonly measure production time in order to identify areas for efficiency improvement, but this is typically not applied at the national level where efficiency issues may cross between enterprises and industries. Such methods and results can be used to prioritize efficiency improvement efforts at an industry supply-chain level. This paper utilizes data on manufacturing inventory along with data on inter-industry interactions to develop a method for tracking industry-level flow time and identifying bottlenecks in US manufacturing. As a proof of concept, this method is applied to the production of three commodities: aircraft, automobiles/trucks, and computers. The robustness of bottleneck identification is tested utilizing Monte Carlo techniques.
Journal: Economic Systems Research
Pages: 359-379
Issue: 3
Volume: 30
Year: 2018
Month: 7
X-DOI: 10.1080/09535314.2017.1407296
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1407296
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:3:p:359-379
Template-Type: ReDIF-Article 1.0
Author-Name: Thomas von Brasch
Author-X-Name-First: Thomas
Author-X-Name-Last: von Brasch
Author-Name: Marit Linnea Gjelsvik
Author-X-Name-First: Marit Linnea
Author-X-Name-Last: Gjelsvik
Author-Name: Victoria Sparrman
Author-X-Name-First: Victoria
Author-X-Name-Last: Sparrman
Title: Deunionization and job polarization – a macroeconomic model analysis for a small open economy
Abstract:
Declining unionization rates and job polarization are two important labor market developments of recent decades. A large body of literature has analyzed these phenomena separately, but little has been done to see whether there is a link between them. We employ a macroeconomic model for a small open economy with a large input–output core to analyze how deunionization may cause job polarization. Our analysis shows that medium-skilled workers are negatively affected by deunionization, mainly as a result of the heterogeneity of the elasticities of substitution between different types of labor. While the elasticities of substitution between high- and medium-skilled labor are relatively low, the elasticities of substitution between medium- and low-skilled are relatively high. As a result, when deunionization leads to increased wage dispersion, we find that demand for low-skilled increases at the expense of medium-skilled labor, thus yielding a more polarized labor market.
Journal: Economic Systems Research
Pages: 380-399
Issue: 3
Volume: 30
Year: 2018
Month: 7
X-DOI: 10.1080/09535314.2018.1468738
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1468738
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:3:p:380-399
Template-Type: ReDIF-Article 1.0
Author-Name: Rafa Madariaga
Author-X-Name-First: Rafa
Author-X-Name-Last: Madariaga
Title: Factors driving sectoral and occupational employment changes during the Spanish boom (1995–2005)
Abstract:
Spain's economy grew at a real annual average rate of over 3.5% between 1995 and 2005. Total employment increased by more than five million. This process altered the sectoral and occupational structure of employment. The dynamics of final demand, technology and labour requirements linked to technology and labour market institutions mostly drive shifts in the structure of employment. We analyse their effects and relative weights on private employment growth in an input–output framework, by means of structural decomposition. The analysis of the occupational structure is a novelty. Sectoral and occupational structures of employment are receiving a great deal of attention: the productivity growth and economic prospects of service economies and the debate between skilling and polarization are, respectively, the main issues. This paper provides useful insights on the dynamics of the structure of employment during a process of vigorous job growth.
Journal: Economic Systems Research
Pages: 400-421
Issue: 3
Volume: 30
Year: 2018
Month: 7
X-DOI: 10.1080/09535314.2018.1474182
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1474182
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:3:p:400-421
Template-Type: ReDIF-Article 1.0
Author-Name: Gulay Gunluk-Senesen
Author-X-Name-First: Gulay
Author-X-Name-Last: Gunluk-Senesen
Author-Name: Tolga Kaya
Author-X-Name-First: Tolga
Author-X-Name-Last: Kaya
Author-Name: Umit Senesen
Author-X-Name-First: Umit
Author-X-Name-Last: Senesen
Title: Promoting investment in the Turkish construction sector: a structural path analysis
Abstract:
The construction sector in Turkey boomed in the period between the turn of the millennium and the onset of the global crisis. This paper studies the employment generation effects of growth of this sector, taking into account that it not only depends on domestic production factors but also on imported inputs. In order to unravel the interactions of the construction sector with the rest of the economy, structural path analysis of both labour and imported intermediate input demand generation is used based on the 2002 and 2009 WIOD data for Turkey. The findings indicate that labour linkages weakened between 2002 and 2009, while import linkages became slightly stronger. The sectors that have played key roles in this are identified, as are the linkages between these. The findings have implications for the persistent unemployment and current account deficits in Turkey.
Journal: Economic Systems Research
Pages: 422-438
Issue: 3
Volume: 30
Year: 2018
Month: 7
X-DOI: 10.1080/09535314.2018.1477739
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1477739
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:3:p:422-438
Template-Type: ReDIF-Article 1.0
Author-Name: Yasuhide Okuyama
Author-X-Name-First: Yasuhide
Author-X-Name-Last: Okuyama
Author-Name: Krista D. Yu
Author-X-Name-First: Krista D.
Author-X-Name-Last: Yu
Title: Return of the inoperability
Abstract:
There has been unrest in the research community investigating the inoperability of an economic system under disaster situations. The inoperability input–output model (IIM), which is very popular in the risk management field, has become a center of argument, particularly from the input–output researchers, that IIM is a straightforward application of the standard Leontief input–output model. This paper revisits the concept of inoperability, rather than IIM, and proposes its new role in disaster impact analysis using a conventional tool, i.e. the RAS method, for illustrating how the inoperability of an economic system in the aftermath of disaster can be evaluated. The proposed framework is employed to examine the inoperability of industries resulting from the 1995 Kobe earthquake. The findings of the analysis reveal the usefulness of inoperability concept that can even incorporate resilience (gained operability) using the proposed framework of this paper.
Journal: Economic Systems Research
Pages: 467-480
Issue: 4
Volume: 31
Year: 2019
Month: 10
X-DOI: 10.1080/09535314.2018.1510383
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1510383
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:4:p:467-480
Template-Type: ReDIF-Article 1.0
Author-Name: Luis Daniel Torres-González
Author-X-Name-First: Luis Daniel
Author-X-Name-Last: Torres-González
Author-Name: Jangho Yang
Author-X-Name-First: Jangho
Author-X-Name-Last: Yang
Title: The persistent statistical structure of the US input–output coefficient matrices: 1963–2007
Abstract:
The paper finds evidence for the existence of a statistical structure in the US input–output coefficient $ (\mathbf {A}) $ (A) matrices for 1963–2007 and characterizes the identified statistical regularities. For various aspects of $ \mathbf {A} $ A matrices, we find smooth and unimodal empirical distributions (EDs) with a remarkable stability in their functional form for most of the samples. The EDs of all entries, row sums, and the entries of the (left- and right-hand) Perron–Frobenius eigenvectors are well described by fat-tailed distributions, while the EDs of column sums and eigenvalues' moduli are explained by the normal and the beta distribution. The paper provides several economic interpretations of these statistical results as well as some implications and potential uses for structural and stochastic input–output analysis.
Journal: Economic Systems Research
Pages: 481-504
Issue: 4
Volume: 31
Year: 2019
Month: 10
X-DOI: 10.1080/09535314.2018.1561425
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1561425
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:4:p:481-504
Template-Type: ReDIF-Article 1.0
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Bob van Burken
Author-X-Name-First: Bob
Author-X-Name-Last: van Burken
Author-Name: Yasushi Kondo
Author-X-Name-First: Yasushi
Author-X-Name-Last: Kondo
Title: Hypothetical extractions from a global perspective
Abstract:
The hypothetical extraction method (HEM) has been widely used to measure interindustry linkages and the importance of industries. HEM considers the hypothetical situation in which a certain industry is no longer operational. HEM was developed for national economies, using national input–output tables. When performing HEM, it is assumed (often implicitly) that the input requirements that were originally provided by the extracted industry are met by additional imports in the post-extraction situation. Applying HEM to global multiregional input–output tables then causes serious problems. It is no longer sufficient to assume that the required inputs are imported. Instead, it is necessary to indicate explicitly how much is imported from each origin to replace the original inputs. Our adaptation of HEM is the global extraction method (GEM). As an illustration, GEM is applied to the extraction of the motor vehicle industry in China, the US, and Germany, using the 2014 WIOD input–output table.
Journal: Economic Systems Research
Pages: 505-519
Issue: 4
Volume: 31
Year: 2019
Month: 10
X-DOI: 10.1080/09535314.2018.1564135
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1564135
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:4:p:505-519
Template-Type: ReDIF-Article 1.0
Author-Name: Nan Zhang
Author-X-Name-First: Nan
Author-X-Name-Last: Zhang
Author-Name: Xiuzhen Zhao
Author-X-Name-First: Xiuzhen
Author-X-Name-Last: Zhao
Title: Measuring global flow of funds: focus on China, Japan, and the United States
Abstract:
This paper aims to establish a new statistical framework for measuring global flow of funds (GFF) based on its inherent mechanisms. It advances a previous theoretical discussion and develops a practical operational statistical matrix. Based on theoretical and practical possibilities the paper gets existing data from the International Investment Position, the Coordinated Direct Investment Survey, the Coordinated Portfolio Investment Survey, and International Banking Statistics are integrated for measuring GFF. The main outcome is a prototype GFF matrix that includes stock data geographically disaggregated by country/region and selected financial instruments. The paper presents a GFF Matrix compiled with the pattern of ‘Country vis-à-vis Country’ matrix, and through using the GFF matrix to analyze the basic status, mutual relationship and existing problems between China, Japan, and the United States in the external financial positions.
Journal: Economic Systems Research
Pages: 520-550
Issue: 4
Volume: 31
Year: 2019
Month: 10
X-DOI: 10.1080/09535314.2019.1574719
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1574719
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:4:p:520-550
Template-Type: ReDIF-Article 1.0
Author-Name: João F. D. Rodrigues
Author-X-Name-First: João F. D.
Author-X-Name-Last: Rodrigues
Author-Name: Antonio F. Amores
Author-X-Name-First: Antonio F.
Author-X-Name-Last: Amores
Author-Name: Rui Paulo
Author-X-Name-First: Rui
Author-X-Name-Last: Paulo
Title: Bayesian selection of technology assumptions for the transformation from supply-use to input–output tables
Abstract:
In the construction of input–output models from supply-use tables, technology assumptions disambiguate how an industry uses inputs in the production recipe of multiple outputs. This paper uses Bayes' theorem to select technology assumptions, taking into account empirical observations. The paper presents a formulation to explore hybrids between product and industry technology assumptions in product-by-product tables. We then present Markov chain Monte-Carlo techniques to implement the Bayesian method for selecting technology assumptions. We apply the method in a case study using Eurostat supply-use tables of 2004 and 2005, exhibiting a volume of secondary products of less than 13%, and 59 products and industries per country. The results show that the choice of technology is not important, given that there is no strong evidence in favour of any of them.
Journal: Economic Systems Research
Pages: 551-573
Issue: 4
Volume: 31
Year: 2019
Month: 10
X-DOI: 10.1080/09535314.2019.1583171
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1583171
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:4:p:551-573
Template-Type: ReDIF-Article 1.0
Author-Name: Rosa Duarte
Author-X-Name-First: Rosa
Author-X-Name-Last: Duarte
Author-Name: Cristina Sarasa
Author-X-Name-First: Cristina
Author-X-Name-Last: Sarasa
Author-Name: Mònica Serrano
Author-X-Name-First: Mònica
Author-X-Name-Last: Serrano
Title: Structural change and female participation in recent economic growth: a multisectoral analysis for the Spanish economy
Abstract:
Economic growth has different impacts on gender gaps. In recent decades the growing participation of women in the labour market has reduced the gender employment gap, however a notable gender pay gap still persists standing at around 15% on average in the European Union. In this context, this paper evaluates the impact of economic growth patterns on the evolution of gender employment and pay gaps. First, sectorial feminization, direct discrimination, and structural change factors are identified and evaluated as ways to explain changes observed in the gender pay gap. Second, we explore the influence of demand, technology, and intensity factors on the evolution of employment combining gender, skill, sectorial, and temporal perspectives. As a case study, we examine Spanish economic growth from 1980 to 2007 and the influences on the size, composition (by skill), and distribution (by sector) of female and male employment, as well as the consequences for gender gaps. Our results show that structural change contributed to reduce the gender employment gap in Spain; while the evolution of the gender pay gap is less conclusive, following a sort of inverted U-shape. This paper shows the suitability and potential of the multisectorial input–output framework to analyse structural and technological changes and their impacts on the gender employment and pay gaps.
Journal: Economic Systems Research
Pages: 574-593
Issue: 4
Volume: 31
Year: 2019
Month: 10
X-DOI: 10.1080/09535314.2019.1589425
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1589425
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:4:p:574-593
Template-Type: ReDIF-Article 1.0
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Title: Aggregating input–output systems with minimum error
Abstract:
Recent advances in multi-region input-output (IO) table construction have led to large databases becoming available. Some of these databases currently demand too much computer memory or user cognition to be handled effectively outside high-performance environments, especially for applications such as virtual laboratories, computable general equilibrium modelling, linear programming, series expansion, or structural decomposition analysis, thus inhibiting their widespread use by analysts and decision-makers. Aggregation is an obvious solution; but there is a need for structured approaches to aggregating an IO system in a way that does not compromise the ability to effectively answer the research question at hand. In this article, I describe how structural path analysis can be used to realise a computationally inexpensive method for aggregating IO systems whilst minimising aggregation errors. I show that there exists no one-fits-all strategy, but that optimal aggregation depends on the research question at hand.
Journal: Economic Systems Research
Pages: 594-616
Issue: 4
Volume: 31
Year: 2019
Month: 10
X-DOI: 10.1080/09535314.2019.1609911
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1609911
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:4:p:594-616
Template-Type: ReDIF-Article 1.0
Author-Name: Mehdi Bagheri
Author-X-Name-First: Mehdi
Author-X-Name-Last: Bagheri
Author-Name: Masood Sheikh Alivand
Author-X-Name-First: Masood Sheikh
Author-X-Name-Last: Alivand
Author-Name: Mohammad Alikarami
Author-X-Name-First: Mohammad
Author-X-Name-Last: Alikarami
Author-Name: Christopher A. Kennedy
Author-X-Name-First: Christopher A.
Author-X-Name-Last: Kennedy
Author-Name: Ganesh Doluweera
Author-X-Name-First: Ganesh
Author-X-Name-Last: Doluweera
Author-Name: Zeus Guevara
Author-X-Name-First: Zeus
Author-X-Name-Last: Guevara
Title: Developing a multiple-criteria decision analysis for green economy transition: a Canadian case study
Abstract:
Identifying planning strategies for the transition to a green economy is a formidable challenge. We proposed a novel multiple-criteria decision analysis model which can quantitatively identify the socio-economic and environmental impacts of various government and public policies. We applied the model to four practical scenarios in Canada for determining the optimal final demand that maximizes the country's GDP and employment while minimizing GHG emissions for small, short-term changes. As a result, the model suggested potential ways to simultaneously achieve a GDP growth of 2.5 billion CAD and creation of over 25,000 new jobs, and a saving of 2514 kt CO2. As per the final demand, the electrification of domestic heating and transport should be more promoted. The proposed analysis tool will provide decision-makers with the ability to explore the design and effects of policy reforms, regulatory changes, and targeted public expenditure strategies, thereby overcoming barriers towards a green economy.
Journal: Economic Systems Research
Pages: 617-641
Issue: 4
Volume: 31
Year: 2019
Month: 10
X-DOI: 10.1080/09535314.2019.1610363
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1610363
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:4:p:617-641
Template-Type: ReDIF-Article 1.0
Author-Name: Kailan Tian
Author-X-Name-First: Kailan
Author-X-Name-Last: Tian
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Richard Jong-A-Pin
Author-X-Name-First: Richard
Author-X-Name-Last: Jong-A-Pin
Title: Measuring industrial upgrading: applying factor analysis in a global value chain framework
Abstract:
A key question for promoting international competition is how to improve the position of countries and industries in global value chains (GVCs). The first step is to properly measure industrial upgrading in GVCs. This is not a trivial issue because upgrading has not been defined unambiguously. Several authors have used different (and sometimes related) measures, all of which indicate certain aspects of upgrading. Rather than trying to find the single, ultimate measure of upgrading, we propose a different approach. We examine the multidimensionality of industrial upgrading, using eight indicators in factor analysis. Four of the eight indicators adopt the GVC perspective and include, for example, the growth of the share in value-added exports. We provide three quantitative dimensions of industrial upgrading: process upgrading, product upgrading, and skill upgrading. With these dimensions, we compare and analyze the upgrading of different countries and industries using the World Input–Output Database.
Journal: Economic Systems Research
Pages: 642-664
Issue: 4
Volume: 31
Year: 2019
Month: 10
X-DOI: 10.1080/09535314.2019.1610728
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1610728
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:4:p:642-664
Template-Type: ReDIF-Article 1.0
Author-Name: Andre Fernandes Tomon Avelino
Author-X-Name-First: Andre Fernandes Tomon
Author-X-Name-Last: Avelino
Title: Disaggregating input–output tables in time: the temporal input–output framework
Abstract:
The input–output framework has evolved dramatically since its initial formulation. New analytical techniques and extensions have allowed a more comprehensive assessment of the economy and expanded its applicability. Nonetheless, the core of the framework has remained unchanged: an annually compiled input–output table, which conveys monetary flows between sectors in a region in a particular year. Hence, the technical coefficients derived from it are ‘average’ input compositions, neglecting fluctuations in production capacity, seasonality and temporal shocks within that period. This paper develops a consistent methodology to disaggregate the annual input–output table in its time dimension in order to estimate intra-year input–output matrices with distinct technical structures for a particular year. The main advantages in relation to the annual model are to allow seasonal effects to be studied within the input–output framework, to better understand the process of coefficient change and to offer a more comprehensive dynamic view of production.
Journal: Economic Systems Research
Pages: 313-334
Issue: 3
Volume: 29
Year: 2017
Month: 7
X-DOI: 10.1080/09535314.2017.1290587
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1290587
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:3:p:313-334
Template-Type: ReDIF-Article 1.0
Author-Name: Keisuke Nansai
Author-X-Name-First: Keisuke
Author-X-Name-Last: Nansai
Author-Name: Kenichi Nakajima
Author-X-Name-First: Kenichi
Author-X-Name-Last: Nakajima
Author-Name: Sangwon Suh
Author-X-Name-First: Sangwon
Author-X-Name-Last: Suh
Author-Name: Shigemi Kagawa
Author-X-Name-First: Shigemi
Author-X-Name-Last: Kagawa
Author-Name: Yasushi Kondo
Author-X-Name-First: Yasushi
Author-X-Name-Last: Kondo
Author-Name: Wataru Takayanagi
Author-X-Name-First: Wataru
Author-X-Name-Last: Takayanagi
Author-Name: Yosuke Shigetomi
Author-X-Name-First: Yosuke
Author-X-Name-Last: Shigetomi
Title: The role of primary processing in the supply risks of critical metals
Abstract:
This study seeks to understand the role of primary processing, i.e. the first post-mining stage, in supply risk, by means of a case study on three critical metals (neodymium, cobalt, and platinum) in the context of Japan. Applying the ‘footprint’ concept with a multiregional input–output model, we have quantified the direct and indirect vulnerability of the Japanese economy to such risks. Considering the supply risks associated with primary processors, we find that Japanese final consumers are exposed to relatively higher supply risks for neodymium as compared with cobalt and platinum. Our study shows that the primary processing stage of a metal’s supply chain may contribute significantly to the overall supply risks, suggesting that this stage should be taken into due account in understanding and mitigating supply-chain vulnerability through, e.g. supplier diversification and alternative material development.
Journal: Economic Systems Research
Pages: 335-356
Issue: 3
Volume: 29
Year: 2017
Month: 7
X-DOI: 10.1080/09535314.2017.1295923
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1295923
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:3:p:335-356
Template-Type: ReDIF-Article 1.0
Author-Name: Marlies H. Schütz
Author-X-Name-First: Marlies H.
Author-X-Name-Last: Schütz
Title: Australia's regional innovation systems: inter-industry interaction in innovative activities in three Australian territories
Abstract:
Regional specifics reveal in differences in economic activity and structure, the institutional, socio-economic and cultural environment and not least in the capability of regions to create new knowledge and to generate innovations. Focusing on the regional level, this paper for three Australian territories (New South Wales, Victoria and Queensland) explores patterns of innovative activities in their private business sectors. Furthermore, these patterns are compared to specifics of each region's economic structure. We make use of input–output-based innovation flow networks, which are directed and weighted instead of binary. The value added of the proposed analysis is that we are able to trace a variety of different aspects related to the structure of innovative activities for each territory. It gets evident that mostly innovative activities in each territory are not strong in ‘niche’ branches but in fields of intense economic activity, signalising the high path-dependency of innovative activities in a specific geographical environment.
Journal: Economic Systems Research
Pages: 357-384
Issue: 3
Volume: 29
Year: 2017
Month: 7
X-DOI: 10.1080/09535314.2017.1301886
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1301886
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:3:p:357-384
Template-Type: ReDIF-Article 1.0
Author-Name: Zuzana Smeets Kristkova
Author-X-Name-First: Zuzana
Author-X-Name-Last: Smeets Kristkova
Author-Name: Cornelis Gardebroek
Author-X-Name-First: Cornelis
Author-X-Name-Last: Gardebroek
Author-Name: Michiel van Dijk
Author-X-Name-First: Michiel
Author-X-Name-Last: van Dijk
Author-Name: Hans van Meijl
Author-X-Name-First: Hans
Author-X-Name-Last: van Meijl
Title: The impact of R&D on factor-augmenting technical change – an empirical assessment at the sector level
Abstract:
The aim of the paper is to quantify endogenous factor-augmenting technical change driven by R&D investments in a panel of 11 OECD countries over 1987–2007. This paper contributes to the scant empirical evidence on the speed, sources and direction of technical change for various sectors and production factors. Assuming cost-minimization behavior, a CES framework is used to derive a system of equations that is estimated by a GMM system estimator. The estimated factor-augmenting technology parameters show that in most sectors, technical change was labor-augmenting and labor-saving. Statistically significant effects of manufacturing and services R&D were found on factor-augmenting technical change (with the highest R&D elasticities found in the high-tech manufacturing and transport, storage and communication sectors). Whereas ‘in-house’ R&D stimulates total factor productivity, R&D spilled over to other sectors has a capital-augmenting effect accompanied by a higher use of labor. The results of this study provide a starting point for incorporating endogenous factor-augmenting technical change in impact assessment models aimed at broad policy analysis including economic growth, food security or climate change.
Journal: Economic Systems Research
Pages: 385-417
Issue: 3
Volume: 29
Year: 2017
Month: 7
X-DOI: 10.1080/09535314.2017.1316707
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1316707
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:3:p:385-417
Template-Type: ReDIF-Article 1.0
Author-Name: Cheol-Joo Cho
Author-X-Name-First: Cheol-Joo
Author-X-Name-Last: Cho
Title: A note on distortions from estimating the regional impacts of exogenous changes in output
Abstract:
This paper demonstrates both theoretically and empirically that when outputs instead of final demands are exogenously predetermined, the traditional Leontief final demand model overestimates economic impact, and even more so in a multiregional context. We assess this premise vis-à-vis the Leontief output model using the 2013 interregional input–output table of the Republic of Korea. We find that from a multiregional perspective the standard Leontief final demand model yields substantially biased output multipliers for Chungbuk Province.
Journal: Economic Systems Research
Pages: 418-429
Issue: 3
Volume: 29
Year: 2017
Month: 7
X-DOI: 10.1080/09535314.2017.1326094
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1326094
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:3:p:418-429
Template-Type: ReDIF-Article 1.0
Author-Name: Yu-Wen Su
Author-X-Name-First: Yu-Wen
Author-X-Name-Last: Su
Author-Name: Hao-Yen Yang
Author-X-Name-First: Hao-Yen
Author-X-Name-Last: Yang
Author-Name: Chih-Hsun Lin
Author-X-Name-First: Chih-Hsun
Author-X-Name-Last: Lin
Title: Increase of electricity price and energy efficiency: analysis using the macroeconomic interindustry model of Taiwan
Abstract:
From 2012 to 2013, the price of electricity in Taiwan increased by 19.78%. This large increase forced producers to invest in improving electricity efficiency. In this paper, the macroeconomic interindustry model of Taiwan (MEIT) is developed to study the economic effects of high electricity prices and consequential improvement in energy efficiency. MEIT describes the structure of 47 industries, from both real and price-income approaches. To resolve inconsistent data, RAS is employed. A technical model is also integrated to consider technical feasibility, which offsets the usual shortcomings of technological analysis in an economic model. The iron and steel industry is taken as a case study. Estimated results indicate that higher electricity prices negatively affect Taiwan’s economy. However, improving energy efficiency can reduce some of this effect.
Journal: Economic Systems Research
Pages: 430-451
Issue: 3
Volume: 29
Year: 2017
Month: 7
X-DOI: 10.1080/09535314.2017.1323726
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1323726
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:3:p:430-451
Template-Type: ReDIF-Article 1.0
Author-Name: Jan Oosterhaven
Author-X-Name-First: Jan
Author-X-Name-Last: Oosterhaven
Title: On the limited usability of the inoperability IO model
Abstract:
This note shows that the inoperability input–output model (IIM) estimates only a part of mainly the negative indirect economic impacts of disasters, whereas it neglects most of the positive indirect impacts. This means that the IIM is not suited to prioritize industries for policy interventions that aim at reducing the negative impacts of such disasters. Besides, this note shows that the application of the IIM is problematic and tends to overestimate the subset of impacts that the model is able to quantify. Finally, we identify two approaches that much better capture the variety of different disaster impacts.
Journal: Economic Systems Research
Pages: 452-461
Issue: 3
Volume: 29
Year: 2017
Month: 7
X-DOI: 10.1080/09535314.2017.1301395
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1301395
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:3:p:452-461
Template-Type: ReDIF-Article 1.0
Author-Name: Utz-Peter Reich
Author-X-Name-First: Utz-Peter
Author-X-Name-Last: Reich
Title: Who pays for whom? Elements of a macroeconomic approach to income inequality
Abstract:
National income is generated through national production in the form of ‘value added’; it is expended on goods and services in the form of ‘disposable’ or ‘net’ income. In this paper, I investigate what happens in between. The circuit of income flows generated in this way is comparable to the circuit of product flows, in its complexity. It can be analysed, so the tenet of the paper, in a similar way, by means of well-known tools of input–output (IO) analysis; this on the pre-condition, however, that you draw out the institutional framework of an economy in similar detail as is now customarily done for production units in IO analysis. Existing data do not suffice for the purpose, at present; this paper shows, by way of some exemplary calculations, what insight into the mechanism of national income distribution is gained if the necessary data, normally in the form of a large social accounting matrix, are provided.
Journal: Economic Systems Research
Pages: 201-218
Issue: 2
Volume: 30
Year: 2018
Month: 4
X-DOI: 10.1080/09535314.2017.1369395
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1369395
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:2:p:201-218
Template-Type: ReDIF-Article 1.0
Author-Name: José M. Rueda-Cantuche
Author-X-Name-First: José M.
Author-X-Name-Last: Rueda-Cantuche
Author-Name: Antonio F. Amores
Author-X-Name-First: Antonio F.
Author-X-Name-Last: Amores
Author-Name: Joerg Beutel
Author-X-Name-First: Joerg
Author-X-Name-Last: Beutel
Author-Name: Isabelle Remond-Tiedrez
Author-X-Name-First: Isabelle
Author-X-Name-Last: Remond-Tiedrez
Title: Assessment of European Use tables at basic prices and valuation matrices in the absence of official data
Abstract:
Input–Output modellers are often faced with the task of estimating missing Use tables at basic prices and also valuation matrices of the individual countries. This paper examines a selection of estimation methods applied to the European context where the analysts are not in possession of superior data. The estimation methods are restricted to the use of automated methods that would require more than just the row and column sums of the tables (as in projections) but less than a combination of various conflicting information (as in compilation). The results are assessed against the official Supply, Use and Input–Output tables of Belgium, Germany, Italy, Netherlands, Finland, Austria and Slovakia by using matrix difference metrics. The main conclusion is that using the structures of previous years usually performs better than any other approach.
Journal: Economic Systems Research
Pages: 252-270
Issue: 2
Volume: 30
Year: 2018
Month: 4
X-DOI: 10.1080/09535314.2017.1372370
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1372370
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:2:p:252-270
Template-Type: ReDIF-Article 1.0
Author-Name: Xuemei Jiang
Author-X-Name-First: Xuemei
Author-X-Name-Last: Jiang
Author-Name: Xiaolin Lu
Author-X-Name-First: Xiaolin
Author-X-Name-Last: Lu
Author-Name: Jian Xu
Author-X-Name-First: Jian
Author-X-Name-Last: Xu
Title: How do interregional spillovers influence the distribution of technology? The case of Chinese manufacturing
Abstract:
The Chinese economy displays considerable inequality across regions. In this paper, we analyzed the distribution of intermediate input shares in China. We use regional input–output tables from 2007 and find that regions with higher GDP per capita generally had higher input shares, regardless of sector. Then, using intermediate input shares as a proxy of technology, we analyzed the pattern of regional technology distributions across manufacturing sectors as well as the extent of interregional technology spillovers. Our results indicate that interregional backward spillovers have significantly positive impacts on the shape of the technology distributions in eastern (coastal) regions. By contrast, the vertical spillovers of the central and western regions are largely dominated by intra-regional forward effects. Our results suggest that the shift of Chinese manufacturing from coastal to inland regions with lower production costs cannot reduce the imbalance among regions unless the technology gap is narrowed.
Journal: Economic Systems Research
Pages: 219-237
Issue: 2
Volume: 30
Year: 2018
Month: 4
X-DOI: 10.1080/09535314.2017.1393654
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1393654
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:2:p:219-237
Template-Type: ReDIF-Article 1.0
Author-Name: Martin C. Serpell
Author-X-Name-First: Martin C.
Author-X-Name-Last: Serpell
Title: Incorporating data quality improvement into supply–use table balancing
Abstract:
This paper investigates the benefits of using a boundary tightening algorithm to improve the quality of the data used in supply and use table (SUT) balancing, building on similarities with certain approaches to statistical disclosure control. Boundary tightening was shown to significantly improve the quality of the finally balanced SUTs well beyond that of existing techniques. Most notably, improvements occurred when boundary tightening was applied prior to the balancing process – showing that it can be used as a valuable preliminary to other approaches. It also multiplied the improvement in SUTs quality when more accurate updated information was added to the SUTs. The findings of this paper strongly suggest that this boundary tightening algorithm will improve the quality of the output of the balancing process and it is equally likely to be useful when applied to other processes that handle uncertain data.
Journal: Economic Systems Research
Pages: 271-288
Issue: 2
Volume: 30
Year: 2018
Month: 4
X-DOI: 10.1080/09535314.2017.1396962
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1396962
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:2:p:271-288
Template-Type: ReDIF-Article 1.0
Author-Name: Tsutomu Harada
Author-X-Name-First: Tsutomu
Author-X-Name-Last: Harada
Title: A model of intersectoral flow of technology using technology and innovation flow matrices
Abstract:
This paper builds a simple general equilibrium model that sheds new light on the mechanism of intersectoral flows of technology. It explicitly models the production of technology using diverse technology components as inputs. The model shows that demand shocks do not cause innovation while technology shocks as deviations from a balanced growth path induce asymmetric productivity changes across sectors. We also conduct a simple quantitative analysis using recent Japanese R&D data, which shows that most productivity effects remain within the bounds of the sector. We find some important exceptions to this rule, however, in particular for shocks occurring in information technology and precision instruments.
Journal: Economic Systems Research
Pages: 238-251
Issue: 2
Volume: 30
Year: 2018
Month: 4
X-DOI: 10.1080/09535314.2018.1423545
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1423545
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:2:p:238-251
Template-Type: ReDIF-Article 1.0
Author-Name: Yuwan Duan
Author-X-Name-First: Yuwan
Author-X-Name-Last: Duan
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Xuemei Jiang
Author-X-Name-First: Xuemei
Author-X-Name-Last: Jiang
Author-Name: Xikang Chen
Author-X-Name-First: Xikang
Author-X-Name-Last: Chen
Author-Name: Cuihong Yang
Author-X-Name-First: Cuihong
Author-X-Name-Last: Yang
Title: Why has China’s vertical specialization declined?
Abstract:
Vertical specialization (VS) is quantified by the VS share, which measures the average import content per dollar of exports. A characteristic of China’s export trade is its strong dependence on assembly and processing activities. To take proper account of this, China’s VS shares should explicitly distinguish processing export production from other production. We estimate China’s annual VS shares from 2000 to 2012—the latest year for which a special input–output table is available that makes such an explicit distinction. We find that VS shares increased from 2000 to 2004 and subsequently started to decrease. To explore why it has declined, we introduce a new structural decomposition approach. We find that the decrease of the VS share appears to have been driven mainly by the substitution of imported intermediates by domestic products. This occurred in particular in the production of exports, which implies an upgrading of China’s position in global value chains.
Journal: Economic Systems Research
Pages: 178-200
Issue: 2
Volume: 30
Year: 2018
Month: 4
X-DOI: 10.1080/09535314.2018.1431610
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1431610
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:2:p:178-200
Template-Type: ReDIF-Article 1.0
Author-Name: Kazusuke Tsujimura
Author-X-Name-First: Kazusuke
Author-X-Name-Last: Tsujimura
Author-Name: Masako Tsujimura
Author-X-Name-First: Masako
Author-X-Name-Last: Tsujimura
Title: A flow of funds analysis of the US quantitative easing
Abstract:
After the Bank of Japan first introduced a quantitative easing policy in 2001, Tsujimura and Mizoshita [(2003) Asset-Liability-Matrix Analysis Derived From Flow-of-Funds Accounts: the Bank of Japan’s Quantitative Monetary Policy Examined. Economic Systems Research, 15, 51–67] applied input–output analysis to analyze its effects. Some central bankers criticized the analysis as misleading because it was based on the asset–liability matrix derived from the financial balance sheets. In this vein, the real policy effects on production and employment were overlooked. Herein, we answer such criticism by introducing a new method of tracking the flow of funds. It covers both real and financial transactions to show the mechanism and the effects of the US quantitative easing.
Journal: Economic Systems Research
Pages: 137-177
Issue: 2
Volume: 30
Year: 2018
Month: 4
X-DOI: 10.1080/09535314.2018.1443908
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1443908
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:2:p:137-177
Template-Type: ReDIF-Article 1.0
Author-Name: Soulixay Hongsakhone
Author-X-Name-First: Soulixay
Author-X-Name-Last: Hongsakhone
Author-Name: Masaru Ichihashi
Author-X-Name-First: Masaru
Author-X-Name-Last: Ichihashi
Title: Measurement of reciprocity in a village through social networks
Abstract:
This paper examines measuring of interdependency among households through their transactions by using information of individual villagers in a disadvantaged area in a developing country. To obtain the information, we created a village input–output table (VIOT) from household survey data conducted in a rural village in Lao PDR in 2015 and 2016. Because each household in the village is not only a producer but also a consumer who is trading products and consuming them, the VIOT is a simple but useful tool to know the economic transactions among villagers. The main findings are that four higher-income families, which mainly trade rice very frequently, are playing key roles in the village economy, and the interdependency among higher-income households is stronger than among lower/middle-income households. Additionally, this method can be used to form an economic policy such as poverty reduction because of informing households playing a key role in the village.
Journal: Economic Systems Research
Pages: 1-20
Issue: 1
Volume: 31
Year: 2019
Month: 1
X-DOI: 10.1080/09535314.2018.1467882
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1467882
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:1:p:1-20
Template-Type: ReDIF-Article 1.0
Author-Name: Olga Kiuila
Author-X-Name-First: Olga
Author-X-Name-Last: Kiuila
Author-Name: Anil Markandya
Author-X-Name-First: Anil
Author-X-Name-Last: Markandya
Author-Name: Milan Ščasný
Author-X-Name-First: Milan
Author-X-Name-Last: Ščasný
Title: Taxing air pollutants and carbon individually or jointly: results from a CGE model enriched by an emission abatement sector
Abstract:
We analyse the separate and collective impacts of emissions taxation to understand the internalisation effects of externalities. The analysis is carried out using a static computable general equilibrium model, with unemployment, bottom-up abatement technologies represented by a step function, and detailed emission coefficients. Environmental and health external costs are quantified using the ExternE’s Impact Pathway Approach. Emissions, as a result of environmental taxation, fall through reduced output, production factor substitution, and increased end of pipe abatement activity. The analysis shows that a full internalisation of environmental externalities can result in modest overall economic and environmental welfare gains. There are, however, differences in terms of employment and output, depending on what combination of taxes are applied, which sectors are covered, and how fiscal revenues are redistributed. Air quality benefits range from €35–75 per ton of CO2 abated. Total environmental benefits always exceed GDP loss and the associated welfare loss.
Journal: Economic Systems Research
Pages: 21-43
Issue: 1
Volume: 31
Year: 2019
Month: 1
X-DOI: 10.1080/09535314.2018.1508000
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1508000
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:1:p:21-43
Template-Type: ReDIF-Article 1.0
Author-Name: Kijin Kim
Author-X-Name-First: Kijin
Author-X-Name-Last: Kim
Author-Name: Geoffrey J. D. Hewings
Author-X-Name-First: Geoffrey J. D.
Author-X-Name-Last: Hewings
Title: Bayesian estimation of labor demand by age: theoretical consistency and an application to an input–output model
Abstract:
Extended input–output models require careful estimation of disaggregated consumption by households and comparable sources of labor income by sector. The latter components most often have to be estimated. The primary focus of this paper is to produce labor demand disaggregated by workers’ age. The results are evaluated through considerations of its consistency with a static labor demand model restricted with theoretical requirements. A Bayesian approach is used for more straightforward imposition of regularity conditions. The Bayesian model confirms elastic labor demand for youth workers, which is consistent with what past studies find. Additionally, to explore the effects of changes in age structure on a regional economy, the estimated age-group-specific labor demand model is integrated into a regional input–output model. The integrated model suggests that ceteris paribus ageing population contributes to lowering aggregate economic multipliers due to the rapidly growing number of elderly workers who earn less than younger workers.
Journal: Economic Systems Research
Pages: 44-69
Issue: 1
Volume: 31
Year: 2019
Month: 1
X-DOI: 10.1080/09535314.2018.1427050
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1427050
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:1:p:44-69
Template-Type: ReDIF-Article 1.0
Author-Name: Paula Carvalho Pereda
Author-X-Name-First: Paula Carvalho
Author-X-Name-Last: Pereda
Author-Name: Andrea Lucchesi
Author-X-Name-First: Andrea
Author-X-Name-Last: Lucchesi
Author-Name: Carolina Policarpo Garcia
Author-X-Name-First: Carolina Policarpo
Author-X-Name-Last: Garcia
Author-Name: Bruno Toni Palialol
Author-X-Name-First: Bruno Toni
Author-X-Name-Last: Palialol
Title: Neutral carbon tax and environmental targets in Brazil
Abstract:
We evaluate the effects of a carbon tax in the Brazilian economy using an input–output framework. First, we consider the impacts of a carbon tax of US$ 10 and US$ 50/metric ton of CO2 equivalent. As usual, the adoption of the carbon tax generates adverse effects on GDP, wages and jobs in the short term, but reduces emissions and generates new government revenues, especially in the case of the greater tax. Second, we consider a broader tax system reform. In this reform, we replace distortionary taxes by a tax on value added. To compensate for the loss of government revenue, we assume a carbon tax with equivalent revenue. We find that the net effect is a GDP increase of 0.47%, the creation of 533 thousand jobs and reduction of 1.6 million tons of CO2 emissions. Both scenarios exempt exports and levy imports to correct adverse effects on the country’s competitiveness.
Journal: Economic Systems Research
Pages: 70-91
Issue: 1
Volume: 31
Year: 2019
Month: 1
X-DOI: 10.1080/09535314.2018.1431611
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1431611
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:1:p:70-91
Template-Type: ReDIF-Article 1.0
Author-Name: Francesca Severini
Author-X-Name-First: Francesca
Author-X-Name-Last: Severini
Author-Name: Francesco Felici
Author-X-Name-First: Francesco
Author-X-Name-Last: Felici
Author-Name: Noemi Ferracuti
Author-X-Name-First: Noemi
Author-X-Name-Last: Ferracuti
Author-Name: Rosita Pretaroli
Author-X-Name-First: Rosita
Author-X-Name-Last: Pretaroli
Author-Name: Claudio Socci
Author-X-Name-First: Claudio
Author-X-Name-Last: Socci
Title: Gender policy and female employment: a CGE model for Italy
Abstract:
The gender integration in all areas of policy choices and at all stages of the decision-making process is strongly recommended by the European Union and represents an achievement that the Member States should accomplish when implementing policy measures. In a country like Italy, where the level of female labour participation is among the lowest in Europe, policy maker decisions should encourage and stimulate the demand for female labour without neglecting the global employment rate and income growth. The multisectoral analysis offers the possibility to bridge gender disaggregation within income formation and distribution from the production phase to the demand formation. In this perspective, this paper develops a gender-aware CGE model based on the gender-aware SAM for the Italian economy to evaluate the impact of different fiscal policies aimed to reduce female labour cost and trigger woman hiring in those sectors with high gender disparity.
Journal: Economic Systems Research
Pages: 92-113
Issue: 1
Volume: 31
Year: 2019
Month: 1
X-DOI: 10.1080/09535314.2018.1431612
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1431612
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:1:p:92-113
Template-Type: ReDIF-Article 1.0
Author-Name: Jason Hawkins
Author-X-Name-First: Jason
Author-X-Name-Last: Hawkins
Author-Name: J. D. Hunt
Author-X-Name-First: J. D.
Author-X-Name-Last: Hunt
Title: Development of environmentally extended social accounting matrices for policy analysis in Alberta
Abstract:
This paper outlines the development of inputs to an integrated land use and transportation model based on a series of environmentally extended social accounting matrices (SAMs) for the Canadian province of Alberta. A novel form of industry disaggregation is employed, based on aggregate iterative proportion and a unique formulation of location quotients. Social accounts are extended via the inclusion of detailed household consumption broken down by income quintiles. The SAMs are developed from supply-use matrices. Physical flow accounts are framed as derived demands, acting as necessary inputs to the production of downstream goods and services. Applications to regional economic modeling are considered, as planning authorities increasingly seek to model the environmental impacts of policy. The SAMs are then applied to the assessment of two technology change scenarios: a shift in the provincial electricity generation mix and a transition to a fully electric private automobile fleet.
Journal: Economic Systems Research
Pages: 114-131
Issue: 1
Volume: 31
Year: 2019
Month: 1
X-DOI: 10.1080/09535314.2018.1474854
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1474854
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:1:p:114-131
Template-Type: ReDIF-Article 1.0
Author-Name: Thijs ten Raa
Author-X-Name-First: Thijs ten
Author-X-Name-Last: Raa
Title: The use–make framework and the derivation of functional forms in production theory
Abstract:
The use–make framework is employed to explain functional forms in production theory, including Cobb–Douglas and Leontief. Productivity and efficiency are interrelated by augmenting the framework with a linear program that determines the frontier output.
Journal: Economic Systems Research
Pages: 132-141
Issue: 1
Volume: 31
Year: 2019
Month: 1
X-DOI: 10.1080/09535314.2018.1431205
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1431205
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:1:p:132-141
Template-Type: ReDIF-Article 1.0
Author-Name: André Carrascal Incera
Author-X-Name-First: André
Author-X-Name-Last: Carrascal Incera
Title: Drivers of change in the European youth employment: a comparative structural decomposition analysis
Abstract:
This paper uses a structural decomposition approach to examine the proximate causes of change in the EU15 youth workforce from 1995 to 2011. Besides the traditional sources considered by the literature, I include age-specific factors: a labor utilization index that accounts for the hours that employed youth work by showing the extent of part-time contracts; an age mix factor that indicates the share that youth comprise of total employment and, finally, changes in the inverse of the overall sectoral labor productivity, which describes variations in total labor demand. By applying this approach, I identify the core drivers behind the recent changes in the evolution of youth employment in each of the 15 countries; this is crucial for tailoring policy strategies. Results suggest that to foster youth employment, most Mediterranean countries should implement youth-specific measures while other EU15 countries could do so by enhancing overall employment.
Journal: Economic Systems Research
Pages: 463-485
Issue: 4
Volume: 29
Year: 2017
Month: 10
X-DOI: 10.1080/09535314.2017.1316708
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1316708
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:4:p:463-485
Template-Type: ReDIF-Article 1.0
Author-Name: Henry Aray
Author-X-Name-First: Henry
Author-X-Name-Last: Aray
Author-Name: Luis Pedauga
Author-X-Name-First: Luis
Author-X-Name-Last: Pedauga
Author-Name: Agustín Velázquez
Author-X-Name-First: Agustín
Author-X-Name-Last: Velázquez
Title: Financial Social Accounting Matrix: a useful tool for understanding the macro-financial linkages of an economy
Abstract:
This article extends the traditional methodology of social accounting by building a Financial Social Accounting Matrix (FSAM) and a corresponding Satellite Asset–Liability Matrix for Spain. In so doing, the difficulties that typically arise in consolidating data from the National Bureau of Statistics (INE) and the Bank of Spain (BdE) were overcome. This is the first FSAM for the Spanish economy and might provide new tools to deepen the analysis of the financial sector and of the determinants of financial vulnerability associated with interactions with other sectors of the economy. As a novel contribution to the literature, this paper incorporated a structural path analysis grounded in the FSAM multiplier to identify the principal paths through which financial shocks are transmitted.
Journal: Economic Systems Research
Pages: 486-508
Issue: 4
Volume: 29
Year: 2017
Month: 10
X-DOI: 10.1080/09535314.2017.1365049
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1365049
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:4:p:486-508
Template-Type: ReDIF-Article 1.0
Author-Name: Euan Phimister
Author-X-Name-First: Euan
Author-X-Name-Last: Phimister
Author-Name: Deborah Roberts
Author-X-Name-First: Deborah
Author-X-Name-Last: Roberts
Title: Allowing for uncertainty in exogenous shocks to CGE models: the case of a new renewable energy sector
Abstract:
The paper explores the importance of allowing for uncertainty in the magnitude of exogenous shocks in Computable General Equilibrium (CGE) models. The shock examined is the introduction of a new onshore wind sector in North East Scotland. A simple analytical model is developed to show how, a priori, the size of the new sector (the model shock) is uncertain and asymmetrically distributed as a result of spatial correlation in costs and returns across potential development locations. The importance of allowing for this uncertainty is tested by comparing the results from a CGE model where the sector size is assumed known with certainty to those from a model where the sector size is a random variable with an asymmetric distribution. The results show the extent to which allowing for uncertainty can influence the magnitude of estimated impacts with some variables more sensitive to the uncertainty than others.
Journal: Economic Systems Research
Pages: 509-527
Issue: 4
Volume: 29
Year: 2017
Month: 10
X-DOI: 10.1080/09535314.2017.1309520
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1309520
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:4:p:509-527
Template-Type: ReDIF-Article 1.0
Author-Name: Gerardo Fujii-Gambero
Author-X-Name-First: Gerardo
Author-X-Name-Last: Fujii-Gambero
Author-Name: Rosario Cervantes-Martínez
Author-X-Name-First: Rosario
Author-X-Name-Last: Cervantes-Martínez
Title: The weak linkages between processing exports and the internal economy. The Mexican case
Abstract:
The aim of this paper is to show the internal linkages of manufacturing exports and the rest of the economy. We take the Mexican economy as the case of study. Manufacturing exports constitute the most of exports and processing exports (maquiladora) represent an important part of them. We consider the indirect domestic value added contained in Mexican manufacturing exports, dividing them into exports from the internal economy and the maquiladora industry. We show that the internal backward linkages of exports are weak, that only a few sectors produce inputs for exports, and that the forward linkages are weak too because the Mexican maquiladora industry assembles imported parts and components into final goods for export. The actual picture is quite different from that presented by Hirschman [(1958) The Strategy of Economic Development. New Haven, Yale University Press], who argued that the manufacturing sector plays a key role to promote economic growth because of its dense forward and backward internal linkages.
Journal: Economic Systems Research
Pages: 528-540
Issue: 4
Volume: 29
Year: 2017
Month: 10
X-DOI: 10.1080/09535314.2017.1351332
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1351332
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:4:p:528-540
Template-Type: ReDIF-Article 1.0
Author-Name: Faye Duchin
Author-X-Name-First: Faye
Author-X-Name-Last: Duchin
Author-Name: Stephen H. Levine
Author-X-Name-First: Stephen H.
Author-X-Name-Last: Levine
Title: Choosing among alternative technologies: conditions for assuring the feasibility of an input–output database or scenario
Abstract:
The conceptual reach of the basic input–output modeling framework is substantially extended by new models that incorporate the economic logic of comparative advantage as the basis for the endogenous choice among alternative production technologies. This paper establishes procedures that define the conditions under which the database used for scenario analysis in this extended framework assures the existence of an economically feasible solution. We provide a criterion for structural feasibility, the property established by the Hawkins–Simon condition for the basic input–output model, and introduce a criterion for scale feasibility. The logic underlying the tests is illustrated by numerical examples based on the Rectangular Choice-of-Technology model and database. These procedures can be particularly useful for incorporating engineering and other technical sources of information into multi-regional input–output databases; they can also provide substantial underlying detail about individual technologies, sectors, and factors of production for both feasible and infeasible scenarios.
Journal: Economic Systems Research
Pages: 541-556
Issue: 4
Volume: 29
Year: 2017
Month: 10
X-DOI: 10.1080/09535314.2017.1301396
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1301396
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:4:p:541-556
Template-Type: ReDIF-Article 1.0
Author-Name: Aurélien Poissonnier
Author-X-Name-First: Aurélien
Author-X-Name-Last: Poissonnier
Title: A general weighted least squares approach for the projection of input–output tables
Abstract:
In the context of input–output analysis, it is often necessary to update a matrix for a date when only the sum of its columns and rows are known. This projection problem is quite similar to temporal disaggregation. I borrow from this literature a class of solutions for which the exact result can be implemented without iteration. These solutions minimize the adjustment made to the out-of-date matrix and as such can be said optimal according to a chosen criteria. The framework I expose is flexible enough to encompass many of the existing methods and develop new ones. I propose one of such methods to project a matrix between two given benchmarks. I exemplify the technique on 35 years of input–output tables for France and show in particular that the issue of negative cells can be avoided.
Journal: Economic Systems Research
Pages: 557-565
Issue: 4
Volume: 29
Year: 2017
Month: 10
X-DOI: 10.1080/09535314.2017.1304360
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1304360
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:4:p:557-565
Template-Type: ReDIF-Article 1.0
Author-Name: The Editors
Title: Editorial Board
Journal: Economic Systems Research
Pages: ebi-ebi
Issue: 4
Volume: 29
Year: 2017
Month: 10
X-DOI: 10.1080/09535314.2017.1384086
File-URL: http://hdl.handle.net/10.1080/09535314.2017.1384086
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Handle: RePEc:taf:ecsysr:v:29:y:2017:i:4:p:ebi-ebi
Template-Type: ReDIF-Article 1.0
Author-Name: Fabio Monsalve
Author-X-Name-First: Fabio
Author-X-Name-Last: Monsalve
Author-Name: Jorge Zafrilla
Author-X-Name-First: Jorge
Author-X-Name-Last: Zafrilla
Author-Name: María-Ángeles Cadarso
Author-X-Name-First: María-Ángeles
Author-X-Name-Last: Cadarso
Author-Name: Angela García-Alaminos
Author-X-Name-First: Angela
Author-X-Name-Last: García-Alaminos
Title: Is the emperor wearing new clothes? A social assessment of the European Union 2007–2013 financial framework
Abstract:
Over the years, European leaders have proudly waved a social flag as one of the European Union’s (EU) constituent and differentiating elements. This commitment is assessed here through the social footprint of the European 2007–2013 multiannual financial framework among the EU countries and, worldwide, using an extended multiregional input–output model. The focus is on the quantity and the quality of income and jobs generated. We find that well-known differences among its northern, southern and eastern regions threaten the EU’s intentions for high social standards, enabling first- and second-class winners. Core EU countries account for the most of the Funds and, thus, most of the positive economic and social impacts, mainly through spillovers from peripheral regions. Beyond the EU borders, Funds expenditures induce capital compensation boosts in emerging countries not balanced by a similar labor compensation impulse. Indeed, China captures the bulk of low-skilled and temporary employment.
Journal: Economic Systems Research
Pages: 285-304
Issue: 3
Volume: 31
Year: 2019
Month: 7
X-DOI: 10.1080/09535314.2018.1491391
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1491391
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:3:p:285-304
Template-Type: ReDIF-Article 1.0
Author-Name: Dan Wei
Author-X-Name-First: Dan
Author-X-Name-Last: Wei
Author-Name: Zhenhua Chen
Author-X-Name-First: Zhenhua
Author-X-Name-Last: Chen
Author-Name: Adam Rose
Author-X-Name-First: Adam
Author-X-Name-Last: Rose
Title: Estimating economic impacts of the US-South Korea free trade agreement
Abstract:
We analyze the economic impacts of the United States-South Korea Free Trade Agreement by applying the Global Trade Analysis Project (GTAP) computable general equilibrium model to highly disaggregated commodity flow data. The analysis calculates the impacts in terms of welfare effects, national economic indicators (such as GDP), and business performance metrics (such as sales revenue), which can be used by a variety of decision-makers. Our results suggest several trade-offs among these measures. Positive welfare gains between the US and South Korea are about the same in absolute terms, but favor the latter in relative terms, and very heavily so for GDP gains. Moreover, the US is projected to incur a loss of gross output (sales revenue) in several major manufacturing sectors that are heavily concentrated in geographic areas that have been promised a return of jobs by the Trump Administration.
Journal: Economic Systems Research
Pages: 305-323
Issue: 3
Volume: 31
Year: 2019
Month: 7
X-DOI: 10.1080/09535314.2018.1506980
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1506980
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:3:p:305-323
Template-Type: ReDIF-Article 1.0
Author-Name: Henryk Gurgul
Author-X-Name-First: Henryk
Author-X-Name-Last: Gurgul
Author-Name: Łukasz Lach
Author-X-Name-First: Łukasz
Author-X-Name-Last: Lach
Title: Tracing VARDI coefficients: a proposal
Abstract:
We propose a new approach for tracing the so-called ‘value-added-(re)distribution-important coefficients’ (in short the VARDI coefficients) in a world input–output model. From the perspective of a selected group of economies, VARDI coefficients may be defined as those elements in world input–output matrix in the case of which a small change in their levels leads to the maximization of a share of this group of economies in value added in global value chains. Due to the rapid development of the World Input Output Database, this approach may be easily applied in empirical research to different groups of countries and sectors in world IO models. In an illustrative empirical case study, we use the new approach in order to answer a question regarding what the main directions of the future macroeconomic policy of the U.S. could be in order to ensure the maximization of the country’s share in global value added.
Journal: Economic Systems Research
Pages: 324-344
Issue: 3
Volume: 31
Year: 2019
Month: 7
X-DOI: 10.1080/09535314.2018.1516633
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1516633
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:3:p:324-344
Template-Type: ReDIF-Article 1.0
Author-Name: Dieter Schumacher
Author-X-Name-First: Dieter
Author-X-Name-Last: Schumacher
Title: The integration of international financial markets: an attempt to quantify contagion in an input–output-type analysis
Abstract:
The increasing integration of international financial markets means that credit defaults in one country have to be covered by creditors in other countries. If the principle of creditor liability were applied systematically, the financial losses incurred by the financial institution that provided the credit and is thus directly affected by the default would be ‘passed on’ through its domestic and foreign shareholders and debt holders, as well as their creditors, to the original savers. In this paper, this contagion effect will be estimated by taking international capital linkages into account. Analogously to an input–output analysis of inter-industry linkages, savings used for investments in one country are traced back to the countries from which the funds originated. This also reveals the important role of international financial centers, which essentially serve as distributors of investment risks, while the financial losses are ultimately borne by larger countries with higher levels of savings.
Journal: Economic Systems Research
Pages: 345-360
Issue: 3
Volume: 31
Year: 2019
Month: 7
X-DOI: 10.1080/09535314.2018.1517084
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1517084
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:3:p:345-360
Template-Type: ReDIF-Article 1.0
Author-Name: Quanrun Chen
Author-X-Name-First: Quanrun
Author-X-Name-Last: Chen
Author-Name: Kunfu Zhu
Author-X-Name-First: Kunfu
Author-X-Name-Last: Zhu
Author-Name: Peng Liu
Author-X-Name-First: Peng
Author-X-Name-Last: Liu
Author-Name: Xiangyin Chen
Author-X-Name-First: Xiangyin
Author-X-Name-Last: Chen
Author-Name: Kailan Tian
Author-X-Name-First: Kailan
Author-X-Name-Last: Tian
Author-Name: Lianling Yang
Author-X-Name-First: Lianling
Author-X-Name-Last: Yang
Author-Name: Cuihong Yang
Author-X-Name-First: Cuihong
Author-X-Name-Last: Yang
Title: Distinguishing China's processing trade in the world input-output table and quantifying its effects
Abstract:
Distinguishing processing trade is crucial to national input-output table-based research on China's international trade. This paper further investigates the importance of distinguishing China's processing trade in multicountry input-output table-based studies. We focus on the bias in China's bilateral trade in value added caused by China's undistinguished processing trade. We construct a product-by-product world input-output table capturing China's processing trade based on the World Input-Output Database. Empirical studies show that, if China's processing trade is undistinguished, the profile of China's bilateral trade in value added would be seriously distorted; China's bilateral net trade in value added with some economies, such as Japan, Korea and Taiwan, would be significantly underestimated, while it would be significantly overestimated for some other economies, such as the United States. Distinguishing processing trade in multicountry input-output tables is also crucial when China's bilateral trade in value added is considered.
Journal: Economic Systems Research
Pages: 361-381
Issue: 3
Volume: 31
Year: 2019
Month: 7
X-DOI: 10.1080/09535314.2018.1534225
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1534225
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:3:p:361-381
Template-Type: ReDIF-Article 1.0
Author-Name: Mattia Cai
Author-X-Name-First: Mattia
Author-X-Name-Last: Cai
Author-Name: José Manuel Rueda-Cantuche
Author-X-Name-First: José Manuel
Author-X-Name-Last: Rueda-Cantuche
Title: Bridging macroeconomic data between statistical classifications: the count-seed RAS approach
Abstract:
In applications, it is often necessary to link heavily aggregated macroeconomic datasets adhering to different statistical classifications. We propose a simple data reclassification procedure for those cases in which a bridge matrix grounded in microdata is not available. The essential requirement of our approach, which we refer to as count-seed RAS, is that there exists a time period or a geographical entity similar to the one of interest for which the relevant economic variable is observed according to both classifications. From this information, a bridge matrix is constructed using bi-proportional methods to rescale a seed matrix based on a qualitative correspondence table from official sources. We test the procedure in two case studies and by Monte Carlo methods. We find that, in terms of reclassification accuracy, it performs noticeably better than other expeditious methods. The analytical framework underlying our approach may prove a useful way of conceptualizing data reclassification problems.
Journal: Economic Systems Research
Pages: 382-403
Issue: 3
Volume: 31
Year: 2019
Month: 7
X-DOI: 10.1080/09535314.2018.1540404
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1540404
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:3:p:382-403
Template-Type: ReDIF-Article 1.0
Author-Name: Sébastien Mary
Author-X-Name-First: Sébastien
Author-X-Name-Last: Mary
Author-Name: Euan Phimister
Author-X-Name-First: Euan
Author-X-Name-Last: Phimister
Author-Name: Deborah Roberts
Author-X-Name-First: Deborah
Author-X-Name-Last: Roberts
Author-Name: Fabien Santini
Author-X-Name-First: Fabien
Author-X-Name-Last: Santini
Title: A Monte Carlo filtering application for systematic sensitivity analysis of computable general equilibrium results
Abstract:
Parameter uncertainty has fuelled criticisms on the robustness of results from computable general equilibrium models. This has led to the development of alternative sensitivity analysis approaches. Researchers have used Monte Carlo analysis for systematic sensitivity analysis because of its flexibility. But Monte Carlo analysis may yield biased simulation results. Gaussian quadratures have also been widely applied, although they can be difficult to apply in practice. This paper applies an alternative approach to systematic sensitivity analysis, Monte Carlo filtering and examines how its results compare to both Monte Carlo and Gaussian quadrature approaches. It does so via an application to rural development policies in Aberdeenshire, Scotland. We find that Monte Carlo filtering outperforms the conventional Monte Carlo approach and is a viable alternative when a Gaussian quadrature approach cannot be applied or is too complex to implement.
Journal: Economic Systems Research
Pages: 404-422
Issue: 3
Volume: 31
Year: 2019
Month: 7
X-DOI: 10.1080/09535314.2018.1543182
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1543182
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:3:p:404-422
Template-Type: ReDIF-Article 1.0
Author-Name: Juan M. Valderas-Jaramillo
Author-X-Name-First: Juan M.
Author-X-Name-Last: Valderas-Jaramillo
Author-Name: José M. Rueda-Cantuche
Author-X-Name-First: José M.
Author-X-Name-Last: Rueda-Cantuche
Author-Name: Elena Olmedo
Author-X-Name-First: Elena
Author-X-Name-Last: Olmedo
Author-Name: Joerg Beutel
Author-X-Name-First: Joerg
Author-X-Name-Last: Beutel
Title: Projecting supply and use tables: new variants and fair comparisons
Abstract:
We have introduced in this paper new variants of two methods for projecting Supply and Use Tables that are based on a distance minimisation approach (SUT-RAS) and the Leontief model (SUT-EURO). We have also compared them under similar and comparable exogenous information, i.e.: with and without exogenous industry output, and with explicit consideration of taxes less subsidies on products. We have conducted an empirical assessment of all of these methods against a set of annual tables between 2000 and 2005 for Austria, Belgium, Spain and Italy. From the empirical assessment, we obtained three main conclusions: (a) the use of extra information (i.e. industry output) generally improves projected estimates in both methods; (b) whenever industry output is available, the SUT-RAS method should be used and otherwise the SUT-EURO should be used instead; and (c) the total industry output is best estimated by the SUT-EURO method when this is not available.
Journal: Economic Systems Research
Pages: 423-444
Issue: 3
Volume: 31
Year: 2019
Month: 7
X-DOI: 10.1080/09535314.2018.1545221
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1545221
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:3:p:423-444
Template-Type: ReDIF-Article 1.0
Author-Name: Albert E. Steenge
Author-X-Name-First: Albert E.
Author-X-Name-Last: Steenge
Author-Name: Maaike C. Bouwmeester
Author-X-Name-First: Maaike C.
Author-X-Name-Last: Bouwmeester
Author-Name: André Carrascal Incera
Author-X-Name-First: André
Author-X-Name-Last: Carrascal Incera
Title: Rents, resources, and multiple technologies; Ricardian mechanisms in input-output modelling
Abstract:
To allow for ‘multiple technologies’ to produce a homogeneous output in input–output models, Duchin and Levine [(2011) Sectors may use Multiple Technologies Simultaneously: The Rectangular Choice-of-technology Model with Binding Factor Constraints, Economic Systems Research, 23(3), 281–302] propose an optimization model constrained by primary resources. We show that the Duchin–Levine model contains two different mechanisms by which multiple technologies can arise. If a factor in short supply is shared by the original and the newly entering technology, the output of the original, lower-cost technology will be reduced to make room for the higher-cost technology which is less intensive in that factor. In contrast, if the factor in short supply is technology-specific, a higher-cost technology supplements the original lowest-cost one, which stays fully active. Either mechanism implies a mechanism-specific set of prices, quantities and rents. We relate these results to classical views on comparative advantage, fixed output levels and the origin of rents.
Journal: Economic Systems Research
Pages: 445-466
Issue: 3
Volume: 31
Year: 2019
Month: 7
X-DOI: 10.1080/09535314.2018.1558177
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1558177
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:3:p:445-466
Template-Type: ReDIF-Article 1.0
Author-Name: Chen Lin
Author-X-Name-First: Chen
Author-X-Name-Last: Lin
Author-Name: Shinichiro Nakamura
Author-X-Name-First: Shinichiro
Author-X-Name-Last: Nakamura
Title: Approaches to solving China’s marine plastic pollution and CO2 emission problems
Abstract:
Global contamination of the oceans by waste plastics is of increasing concern. Besides being the largest emitter of CO2 in the world, China is suspected of being the largest contributor to marine plastic waste pollution. Responsible for the latter is the still inadequate management of waste in China, a significant improvement of which is necessary for addressing the issue of marine plastic pollution. Since plastics are hydrocarbons, submitting them to appropriate waste treatment/recycling technologies could contribute to mitigating the emission of CO2, indicating the possibility of addressing the two environmental issues simultaneously. Based on the combined use of waste input–output and linear programming, we investigated options for mitigating CO2 emissions under consideration of alternative waste treatment/recycling processes applied to waste plastics of China. It was found that of the nine processes considered, four could result in a net reduction in the emission: a win-win situation.
Journal: Economic Systems Research
Pages: 143-157
Issue: 2
Volume: 31
Year: 2019
Month: 4
X-DOI: 10.1080/09535314.2018.1486808
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1486808
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:2:p:143-157
Template-Type: ReDIF-Article 1.0
Author-Name: Keiichiro Kanemoto
Author-X-Name-First: Keiichiro
Author-X-Name-Last: Kanemoto
Author-Name: Tesshu Hanaka
Author-X-Name-First: Tesshu
Author-X-Name-Last: Hanaka
Author-Name: Shigemi Kagawa
Author-X-Name-First: Shigemi
Author-X-Name-Last: Kagawa
Author-Name: Keisuke Nansai
Author-X-Name-First: Keisuke
Author-X-Name-Last: Nansai
Title: Industrial clusters with substantial carbon-reduction potential
Abstract:
To successfully reduce environmental emissions, companies need to expand the scope of their emissions accounting to include entire supply chains. A clustering approach has been used to find emission-intensive industry clusters. However, this approach did not include entire direct and indirect supply chains when forming high emission industry clusters. We propose a new method based on a modified normalized cut function with Leontief’s input–output model and basic clustering algorithms to find industry clusters with high levels of embodied within-cluster emissions that are well separated in the supply chain network. We use this method to identify 58 carbon-intensive clusters of Japanese industries and visualize the within-cluster supply chains in terms of embodied carbon flows. We recommend that companies collaborate within clusters to reduce environmental emissions. Our results provide new insights on where to target emissions reduction actions and technology development within industrial supply chains.
Journal: Economic Systems Research
Pages: 248-266
Issue: 2
Volume: 31
Year: 2019
Month: 4
X-DOI: 10.1080/09535314.2018.1492369
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1492369
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:2:p:248-266
Template-Type: ReDIF-Article 1.0
Author-Name: M. Cordier
Author-X-Name-First: M.
Author-X-Name-Last: Cordier
Author-Name: T. Poitelon
Author-X-Name-First: T.
Author-X-Name-Last: Poitelon
Author-Name: W. Hecq
Author-X-Name-First: W.
Author-X-Name-Last: Hecq
Title: The shared environmental responsibility principle: new developments applied to the case of marine ecosystems
Abstract:
Estuaries provide advantageous sites for both harbors and fish habitats. In many countries, harbor expansion in estuaries contributed to the decline of fish populations with impacts at the global scale. Restoring these habitats is important to prevent a global biodiversity crisis but is costly and potentially unaffordable for polluters under the Polluter Pays Principle. Such affordability issues prompt decision-makers to reduce environmental targets of restoration programs. Harbor infrastructures destroy fish habitats but generate benefits for society and contribute to the public interest, raising some questions on who is responsible for environmental degradations and who can afford environmental restoration costs? One way to allocate restoration costs is to analyze the amount of harbor services consumed by economic sectors. This paper addresses these questions by computing burden sharing scenarios with an input–output matrix. These scenarios are simulated under the shared responsibility principle to distribute restoration costs among stakeholders in the Seine estuary, France.
Journal: Economic Systems Research
Pages: 228-247
Issue: 2
Volume: 31
Year: 2019
Month: 4
X-DOI: 10.1080/09535314.2018.1520691
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1520691
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:2:p:228-247
Template-Type: ReDIF-Article 1.0
Author-Name: Zeus Guevara
Author-X-Name-First: Zeus
Author-X-Name-Last: Guevara
Author-Name: Edmundo Molina-Pérez
Author-X-Name-First: Edmundo
Author-X-Name-Last: Molina-Pérez
Author-Name: Edith X. M. García
Author-X-Name-First: Edith X. M.
Author-X-Name-Last: García
Author-Name: Vanessa Pérez-Cirera
Author-X-Name-First: Vanessa
Author-X-Name-Last: Pérez-Cirera
Title: Energy and CO2 emission relationships in the NAFTA trading bloc: a multi-regional multi-factor energy input–output approach
Abstract:
The North-America Free Trade Agreement (NAFTA) has brought together the economies of Canada, Mexico, and the US into forming one of the largest trading blocs worldwide (within the top CO2 emitters). However, the current global protectionist discourse threatens the agreement. This paper analyzes the energy and energy-related CO2 emission relationships between NAFTA countries in 2014 to gain insights into the climate change implications of current integration and the possible cancelation of the agreement. The analysis is performed with a multi-regional version of the multi-factor energy input–output model. The results show that NAFTA has not built a single integrated energy system, though it has helped reduce energy-related CO2 emissions. Moreover, if NAFTA is not revoked, further integration would depend on the capacity of the Mexican energy sector to converge to the performance of its trade partners’ energy sectors. Conversely, a broken deal would induce negative environmental externalities.
Journal: Economic Systems Research
Pages: 178-205
Issue: 2
Volume: 31
Year: 2019
Month: 4
X-DOI: 10.1080/09535314.2018.1528212
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1528212
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:2:p:178-205
Template-Type: ReDIF-Article 1.0
Author-Name: Pablo Piñero
Author-X-Name-First: Pablo
Author-X-Name-Last: Piñero
Author-Name: Martin Bruckner
Author-X-Name-First: Martin
Author-X-Name-Last: Bruckner
Author-Name: Hanspeter Wieland
Author-X-Name-First: Hanspeter
Author-X-Name-Last: Wieland
Author-Name: Eva Pongrácz
Author-X-Name-First: Eva
Author-X-Name-Last: Pongrácz
Author-Name: Stefan Giljum
Author-X-Name-First: Stefan
Author-X-Name-Last: Giljum
Title: The raw material basis of global value chains: allocating environmental responsibility based on value generation
Abstract:
A new approach to allocate environmental responsibility, the ‘value added-based responsibility’ allocation, is presented in this article. This metric allocates total environmental pressures occurring along an international supply chain to the participating sectors and countries according to the share of value added they generate within that specific supply chain. We show that – due to their position in global value chains – certain sectors (e.g. services) and countries (e.g. Germany) receive significantly greater responsibility compared to other allocation approaches. This adds a new perspective to the discussions concerning a fair distribution of mitigation costs among nations, companies and consumers.
Journal: Economic Systems Research
Pages: 206-227
Issue: 2
Volume: 31
Year: 2019
Month: 4
X-DOI: 10.1080/09535314.2018.1536038
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1536038
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:2:p:206-227
Template-Type: ReDIF-Article 1.0
Author-Name: George Philippidis
Author-X-Name-First: George
Author-X-Name-Last: Philippidis
Author-Name: Heleen Bartelings
Author-X-Name-First: Heleen
Author-X-Name-Last: Bartelings
Author-Name: John Helming
Author-X-Name-First: John
Author-X-Name-Last: Helming
Author-Name: Robert M’barek
Author-X-Name-First: Robert
Author-X-Name-Last: M’barek
Author-Name: Edward Smeets
Author-X-Name-First: Edward
Author-X-Name-Last: Smeets
Author-Name: Hans van Meijl
Author-X-Name-First: Hans
Author-X-Name-Last: van Meijl
Title: Levelling the playing field for EU biomass usage
Abstract:
The threats of climate change, food security, resource depletion and energy security are driving society towards a sustainable low-carbon future. Within this paradigm, biomass plays an invaluable role in meeting the food, feed, energy and material needs of future generations. Current EU thinking advocates biomass for high-value materials, which is not aligned with EU public policy support for ‘lower value’ bioenergy applications. ‘High-technology’ and ‘no bioenergy mandate’ pathways explore market conditions that generate a more equitable distribution between competing biomass conversion technologies and competing biomass and fossil technologies. In achieving greater equity, these pathways ease biomass market tensions; enhance EU food security; improve EU biobased trade balances; accelerate biomaterial sectors’ output performance and favour macroeconomic growth. Moreover, an additional 80% increase in the oil price signals a tipping point in favour of first generation biofuels, whilst simultaneously boosting output in advanced material conversion technologies even more than the high-technology pathway.
Journal: Economic Systems Research
Pages: 158-177
Issue: 2
Volume: 31
Year: 2019
Month: 4
X-DOI: 10.1080/09535314.2018.1564020
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1564020
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:2:p:158-177
Template-Type: ReDIF-Article 1.0
Author-Name: Jaume Freire-González
Author-X-Name-First: Jaume
Author-X-Name-Last: Freire-González
Author-Name: Mun S. Ho
Author-X-Name-First: Mun S.
Author-X-Name-Last: Ho
Title: Carbon taxes and the double dividend hypothesis in a recursive-dynamic CGE model for Spain
Abstract:
A carbon tax is potentially a policy that can reduce CO2 emissions and mitigate climate risks, at lowest economy-wide costs. We develop a dynamic CGE model for Spain to assess the economic and environmental effects of a carbon tax, and test the double dividend (DD) hypothesis. We simulate the impact of three carbon taxes: €10, €20 and €30 per ton of CO2. For each tax, four ‘revenue recycling’ scenarios are examined: a reduction of taxes on capital, on labor, on value-added tax, and a scenario in which revenues are not recycled. We find a DD for taxes of €10/ton and lower, within five to seven years of implementation. We estimate an annual CO2 emissions reduction of around 10% with this tax. Under some circumstances, the DD can be achieved for a tax of €20/ton. In any case, recycling revenues to cut pre-existing taxes reduces costs of imposing carbon taxes.
Journal: Economic Systems Research
Pages: 267-284
Issue: 2
Volume: 31
Year: 2019
Month: 4
X-DOI: 10.1080/09535314.2019.1568969
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1568969
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Handle: RePEc:taf:ecsysr:v:31:y:2019:i:2:p:267-284
Template-Type: ReDIF-Article 1.0
Author-Name: Elco E. Koks
Author-X-Name-First: Elco E.
Author-X-Name-Last: Koks
Author-Name: Mark Thissen
Author-X-Name-First: Mark
Author-X-Name-Last: Thissen
Title: A Multiregional Impact Assessment Model for disaster analysis
Abstract:
This paper presents a recursive dynamic multiregional supply-use model, combining linear programming and input–output (I–O) modeling to assess the economy-wide consequences of a natural disaster on a pan-European scale. It is a supply-use model which considers production technologies and allows for supply side constraints. The model has been illustrated for three floods in Rotterdam, The Netherlands. Results show that most of the neighboring regions gain from the flood due to increased demand for reconstruction and production capacity constraints in the affected region. Regions located further away or neighboring regions without a direct export link to the affected region mostly suffered small losses. These losses are due to the costs of increased inefficiencies in the production process that have to be paid for by all (indirectly) consuming regions. In the end, the floods cause regionally differentiated welfare effects.
Journal: Economic Systems Research
Pages: 429-449
Issue: 4
Volume: 28
Year: 2016
Month: 10
X-DOI: 10.1080/09535314.2016.1232701
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1232701
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:4:p:429-449
Template-Type: ReDIF-Article 1.0
Author-Name: Matthias Brachert
Author-X-Name-First: Matthias
Author-X-Name-Last: Brachert
Author-Name: Hans-Ulrich Brautzsch
Author-X-Name-First: Hans-Ulrich
Author-X-Name-Last: Brautzsch
Author-Name: Mirko Titze
Author-X-Name-First: Mirko
Author-X-Name-Last: Titze
Title: Mapping potentials for input–output-based innovation flows in industrial clusters – an application to Germany
Abstract:
Our paper pursues two aims: first, it presents an approach based on input–output innovation flow matrices to study intersectoral innovation flows within industrial clusters. Second, we apply this approach to the identification of structural weaknesses in East Germany relative to the western part of the country. The case of East Germany forms an interesting subject because while its convergence process after unification began promisingly in the first half of the 1990s, convergence has since slowed down. The existing gap can now be traced mainly to structural weaknesses in the East German economy, such as the absence of strong industrial cluster structures. With this in mind, we investigate whether East Germany does in fact reveal the abovementioned structural weaknesses. Does East Germany possess fewer industrial clusters? Are they less connected? Does East Germany lack specific clusters that are also important for the non-clustered part of the economy?
Journal: Economic Systems Research
Pages: 450-466
Issue: 4
Volume: 28
Year: 2016
Month: 10
X-DOI: 10.1080/09535314.2016.1244517
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1244517
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:4:p:450-466
Template-Type: ReDIF-Article 1.0
Author-Name: Chanyoung Hong
Author-X-Name-First: Chanyoung
Author-X-Name-Last: Hong
Author-Name: Jeong-Dong Lee
Author-X-Name-First: Jeong-Dong
Author-X-Name-Last: Lee
Title: Macroeconomic effects of R&D tax credits on small and medium enterprises
Abstract:
Research and development (R&D) is regarded as a core factor for the long-run performance of both large enterprises (LEs) and small and medium-sized enterprises (SMEs). This paper analyzes the economic effects of R&D tax credits by firm size. It mainly aims to compare the results of tax policies oriented towards LEs to those towards SMEs. In order to estimate the impact numerically, we use a computable general equilibrium model, which incorporates some essential characteristics of knowledge. First, we introduce a social accounting matrix that differentiates between SMEs and LEs in manufacturing industries. Then, a knowledge-based macroeconomic model estimates outcomes for policy scenarios regarding tax incentives. The results show that SMEs support more rapid growth than do LEs when the same volume of tax credits is offered to both enterprise types. We suggest that the intensity of knowledge spillovers induced by SMEs is driving this result.
Journal: Economic Systems Research
Pages: 467-481
Issue: 4
Volume: 28
Year: 2016
Month: 10
X-DOI: 10.1080/09535314.2016.1240067
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1240067
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:4:p:467-481
Template-Type: ReDIF-Article 1.0
Author-Name: Kênia Barreiro de Souza
Author-X-Name-First: Kênia Barreiro
Author-X-Name-Last: de Souza
Author-Name: Luiz Carlos de Santana Ribeiro
Author-X-Name-First: Luiz Carlos de Santana
Author-X-Name-Last: Ribeiro
Author-Name: Fernando Salgueiro Perobelli
Author-X-Name-First: Fernando Salgueiro
Author-X-Name-Last: Perobelli
Title: Reducing Brazilian greenhouse gas emissions: scenario simulations of targets and policies
Abstract:
This paper aims to evaluate the economic impacts of greenhouse gas emission reduction on the Brazilian economy. To this end, we developed an integrated input–output linear programming model for 2009 using the Supply and Use Tables and emissions data of the Brazilian Ministry of Science and Technology and Innovation. We simulated emissions targets for various potential scenarios in which the adopted policy design took account of sectoral composition in terms of emissions and available production technology. The results were directly affected by the high level of livestock emissions, counterbalancing this sector’s economic importance for Brazil. In the short term, sectoral emissions targets associated with taxation policy or emission permits could be developed in order to create private incentives to mitigate emissions. In this sense, the results also show that different sectoral targets may be able to balance environmental benefits with the possible economic losses incurred by such policies.
Journal: Economic Systems Research
Pages: 482-496
Issue: 4
Volume: 28
Year: 2016
Month: 10
X-DOI: 10.1080/09535314.2016.1230093
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1230093
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:4:p:482-496
Template-Type: ReDIF-Article 1.0
Author-Name: Anke Mönnig
Author-X-Name-First: Anke
Author-X-Name-Last: Mönnig
Title: The European Monetary Union break-up: an economic experiment on the return of the deutsche mark
Abstract:
By using the macro-econometric input–output model INFORGE, this paper investigates the economic effects of a unilateral break-up of Germany from the European Monetary Union (EMU). The results show that a return to a national currency lowers Germany's growth path. Positive effects of a break-up due to lower domestic prices, increasing real wages and lower imports are fully compensated by the loss in international competitiveness. On industrial level, the negative implications are the strongest in those industries that depend strongly on exports. Strong indirect implications are expected for the business-related service sector. Although the results of this economic experiment depend strongly on its underlying assumptions, it can be shown that a break-up of the EMU would result in a heavy welfare loss for Germany.
Journal: Economic Systems Research
Pages: 497-517
Issue: 4
Volume: 28
Year: 2016
Month: 10
X-DOI: 10.1080/09535314.2016.1242478
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1242478
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:4:p:497-517
Template-Type: ReDIF-Article 1.0
Author-Name: João Rodrigues
Author-X-Name-First: João
Author-X-Name-Last: Rodrigues
Author-Name: Alexandra Marques
Author-X-Name-First: Alexandra
Author-X-Name-Last: Marques
Author-Name: Richard Wood
Author-X-Name-First: Richard
Author-X-Name-Last: Wood
Author-Name: Arnold Tukker
Author-X-Name-First: Arnold
Author-X-Name-Last: Tukker
Title: A network approach for assembling and linking input–output models
Abstract:
Input–output (IO) models, describing trade between different sectors and regions, are widely used to study the environmental repercussions of human activities. A frequent challenge in assembling an IO model or linking several such models is the absence of flow data with the same level of detail for all components. Such problems can be addressed using proportional allocation, which is a form of algebraic transformations. In this paper, we propose a novel approach whereby the IO system is viewed as a network, the topology of which is transformed with the addition of virtual nodes so that available empirical flow data can be mapped directly to existing links, with no additional estimation required, and no impact on results. As IO systems become increasingly disaggregated, and coupled to adjacent databases and models, the adaptability of IO frameworks becomes increasingly important. We show that topological transformations also offer large advantages in terms of transparency, modularity and increasingly importantly for global IO models, efficiency. We illustrate the results in the context of trade linking, multi-scale integration and other applications.
Journal: Economic Systems Research
Pages: 518-538
Issue: 4
Volume: 28
Year: 2016
Month: 10
X-DOI: 10.1080/09535314.2016.1238817
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1238817
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:4:p:518-538
Template-Type: ReDIF-Article 1.0
Author-Name: The Editors
Title: Editorial Board
Journal: Economic Systems Research
Pages: ebi-ebi
Issue: 4
Volume: 28
Year: 2016
Month: 10
X-DOI: 10.1080/09535314.2016.1251107
File-URL: http://hdl.handle.net/10.1080/09535314.2016.1251107
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Handle: RePEc:taf:ecsysr:v:28:y:2016:i:4:p:ebi-ebi
Template-Type: ReDIF-Article 1.0
Author-Name: Paul de Boer
Author-X-Name-First: Paul
Author-X-Name-Last: de Boer
Author-Name: João F. D. Rodrigues
Author-X-Name-First: João F. D.
Author-X-Name-Last: Rodrigues
Title: Decomposition analysis: when to use which method?
Abstract:
Structural and index decomposition analyses allow identifying the main drivers of observed changes over time of energy and environmental impacts. These decomposition analyses have become very popular in recent decades and, many alternative methods to implement them have become available. Several of the most popular methods have been developed earlier in index number theory, a context in which each particular method is defined by adhering to a set of properties. The goal of the present paper is to review the main results of index number theory and discuss its connection to decomposition analyses. By doing so, we can present a decision tree that allows users to choose a decomposition method that meets desired properties. We report as hands-on example an empirical case study of the carbon footprint of the Netherlands in the period 2004–2005.
Journal: Economic Systems Research
Pages: 1-28
Issue: 1
Volume: 32
Year: 2020
Month: 1
X-DOI: 10.1080/09535314.2019.1652571
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1652571
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:1:p:1-28
Template-Type: ReDIF-Article 1.0
Author-Name: Mark Sommer
Author-X-Name-First: Mark
Author-X-Name-Last: Sommer
Author-Name: Kurt Kratena
Author-X-Name-First: Kurt
Author-X-Name-Last: Kratena
Title: Consumption and production-based CO2 pricing policies: macroeconomic trade-offs and carbon leakage
Abstract:
This paper applies a DYNK (Dynamic New Keynesian) model to compare the traditional environmental tax reform for greenhouse gas (GHG) emissions with a taxation scheme that taxes GHG emissions embodied in consumption within the framework of a unilateral policy of the EU-27. The embodied emissions of different commodities are taxed independently of their origin. The GHG tax rates applied are identical and new revenues are in both cases recycled via lower social security contributions of employers. The results show the macroeconomic results, driven by the different impact of the taxation schemes on price competitiveness of EU-27 firms. These differences drive the leakage and show negative leakage in the case of taxing embodied GHG emissions. Both taxation schemes are also regressive for household incomes emphasizing the importance of the choice of revenue recycling. In terms of emission reduction, we find the taxation of emissions embodied in consumption less effective.
Journal: Economic Systems Research
Pages: 29-57
Issue: 1
Volume: 32
Year: 2020
Month: 1
X-DOI: 10.1080/09535314.2019.1612736
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1612736
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:1:p:29-57
Template-Type: ReDIF-Article 1.0
Author-Name: Futu Faturay
Author-X-Name-First: Futu
Author-X-Name-Last: Faturay
Author-Name: Ya-Yen Sun
Author-X-Name-First: Ya-Yen
Author-X-Name-Last: Sun
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Arunima Malik
Author-X-Name-First: Arunima
Author-X-Name-Last: Malik
Author-Name: Arne Geschke
Author-X-Name-First: Arne
Author-X-Name-Last: Geschke
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Title: Using virtual laboratories for disaster analysis – a case study of Taiwan
Abstract:
Due to its geographic location, Taiwan frequently experiences severe natural disasters (for example earthquakes and typhoons) that significantly interrupt business operations and subsequently cause extensive financial losses. Prior work on economic losses resulting from such natural disasters in Taiwan has not considered regional and sectoral spillover effects. In this work, we estimate the economic impacts resulting from the 1999 Chichi earthquake, the 2009 typhoon Morakot, the 2016 Tainan earthquake, and the 2016 typhoon Megi. We do so in the new TaiwanLab, a collaborative virtual laboratory that is capable of generating a time-series of subnational multiregional input–output (MRIO) tables, capturing interregional transactions among 267 sectors across Taiwan’s 22 city-counties. We identify critical economic sectors in regions of high vulnerability to natural disasters. Our research is, thus, a credible reference to decision-making that determines regional and sectoral prioritisation for damage mitigation, improved resiliency, and faster recovery schedules.
Journal: Economic Systems Research
Pages: 58-83
Issue: 1
Volume: 32
Year: 2020
Month: 1
X-DOI: 10.1080/09535314.2019.1617677
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1617677
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:1:p:58-83
Template-Type: ReDIF-Article 1.0
Author-Name: Philip Ulrich
Author-X-Name-First: Philip
Author-X-Name-Last: Ulrich
Author-Name: Ulrike Lehr
Author-X-Name-First: Ulrike
Author-X-Name-Last: Lehr
Title: Economic effects of an E-mobility scenario – input structure and energy consumption
Abstract:
The development of a strong domestic market for E-mobility is given a high priority and it is counted as an impulse for the transformation towards a Green Economy in Germany. Replacing the combustion engine by alternative drives can trigger a variety of macroeconomic effects. The paper presents the results of a model-based analysis. In particular, effects on the value chain of the automotive industry and the demand for consumer goods are explicitly modelled. An E-mobility scenario that meets the six million E-vehicles by a 2030 target is compared with a reference scenario. Assuming a substitution of inputs within the automotive industry by inputs from the electrical engineering sector, negative effects in vehicle production are offset by positive effects in energy technology production. For the macroeconomic effects, the development of imports and exports is crucial. In the scenario comparison presented here, short- to medium-term employment effects are slightly positive.
Journal: Economic Systems Research
Pages: 84-97
Issue: 1
Volume: 32
Year: 2020
Month: 1
X-DOI: 10.1080/09535314.2019.1619522
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1619522
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:1:p:84-97
Template-Type: ReDIF-Article 1.0
Author-Name: Marwil J. Dávila-Fernández
Author-X-Name-First: Marwil J.
Author-X-Name-Last: Dávila-Fernández
Author-Name: Lionello F. Punzo
Author-X-Name-First: Lionello F.
Author-X-Name-Last: Punzo
Title: Financialisation as structural change: measuring the financial content of things
Abstract:
In this article, we present a multi-sectoral treatment of financialisation based on input–output analysis. Our main innovation introduces financialisation as an increase in financial content per unit of output produced. In this way, we may investigate changes in relative importance of financial activities, taking into account direct and indirect interactions among sectors. Although methods focusing on the disaggregation of input–output tables have been largely explored in past decades, they have received limited attention in the literature on financialisation. We aim to refocus on multi-sectoral issues by offering a simple structure of analysis to assess the interconnections between the real and financial sides of the economy. Using a 15 and 14-sector level of aggregation, we study the experiences of the United States and Brazil for the period 1947–2015 and 1995–2011, respectively.
Journal: Economic Systems Research
Pages: 98-120
Issue: 1
Volume: 32
Year: 2020
Month: 1
X-DOI: 10.1080/09535314.2019.1643294
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1643294
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:1:p:98-120
Template-Type: ReDIF-Article 1.0
Author-Name: An Vercalsteren
Author-X-Name-First: An
Author-X-Name-Last: Vercalsteren
Author-Name: Maarten Christis
Author-X-Name-First: Maarten
Author-X-Name-Last: Christis
Author-Name: Theo Geerken
Author-X-Name-First: Theo
Author-X-Name-Last: Geerken
Author-Name: Ann Van der Linden
Author-X-Name-First: Ann
Author-X-Name-Last: Van der Linden
Title: Policy needs (to be) covered by static environmentally extended input–output analyses
Abstract:
There exists little evidence in the literature of the extent to which static environmentally extended multiregion input–output (EE-MRIO) studies actually contribute to political decision-making and policy formulation. This paper provides an overview of the reported applications of EE-MRIO analysis in an environmental context, either initiated by questions from policy makers or demonstrated by researchers. The applications are structured according to their scope and scale, the coverage of the DPSIR environmental policy framework (driving forces/pressures/state/impact/response), and the type of application (problem analysis/agenda setting, ex ante and ex post/monitoring). Results from interviews with policy makers (Belgium) show both their interest in IO-modelling and specific needs they have to make it more useful in their own context. The more experimental EE-IO models serve well for the early policy phase of problem analysis and agenda setting. Also, their use can prove the importance of strengthening international collaboration to develop internationally recognized EE-IO models.
Journal: Economic Systems Research
Pages: 121-144
Issue: 1
Volume: 32
Year: 2020
Month: 1
X-DOI: 10.1080/09535314.2019.1644994
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1644994
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:1:p:121-144
Template-Type: ReDIF-Article 1.0
Author-Name: José M. Rueda-Cantuche
Author-X-Name-First: José M.
Author-X-Name-Last: Rueda-Cantuche
Author-Name: Antonio F. Amores
Author-X-Name-First: Antonio F.
Author-X-Name-Last: Amores
Author-Name: Isabelle Remond-Tiedrez
Author-X-Name-First: Isabelle
Author-X-Name-Last: Remond-Tiedrez
Title: Can supply, use and input–output tables be converted to a different classification with aggregate information?
Abstract:
Every change in the product and/or industry classifications and/or methodology of supply, use and input–output tables makes any medium- to long-term policy analysis impossible unless appropriate conversions are provided by national statistical institutes using more detailed data. However, can these tables be reasonably converted to a different classification of industries and products using aggregate information? We develop a conversion method that allows changes in classification that are independent of the number of industries and products. In addition, we provide evidence about its empirical performance compared with projection methods. We find projection methods perform better than conversion methods, at least when using aggregate information. Nonetheless, unlike conversion methods, projection methods generally require supply, use and input–output tables in the new classification that might not always be available. In their absence, we recommend using more detailed and sophisticated data.
Journal: Economic Systems Research
Pages: 145-165
Issue: 1
Volume: 32
Year: 2020
Month: 1
X-DOI: 10.1080/09535314.2019.1655393
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1655393
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:1:p:145-165
Template-Type: ReDIF-Article 1.0
Author-Name: Antonio Manresa
Author-X-Name-First: Antonio
Author-X-Name-Last: Manresa
Author-Name: Ferran Sancho
Author-X-Name-First: Ferran
Author-X-Name-Last: Sancho
Title: A follow-up note on the plausibility of the Leontief and Ghosh closed models
Abstract:
Herein we consider Leontief and Ghosh models that partly endogenize both part of final demand and part of value-added. We use Osterhaven's [(2012) Adding Supply-driven Consumption Makes the Ghosh Model Even More Implausible. Economic Systems Research, 24, 101–111] numerical three-sector example to show that anomalies of the sort he finds for a Ghosh closed model can also be found in the closed version of a Leontief model. By assuming, as Oosterhaven did, that aggregate exogenous resources are fixed, we obtain mirror results to his in a Ghosh setting, albeit in the more-traditional Leontief instance. Such numerical anomalies for the three-sector case turn out to be generic to both partially closed models for any 2×2 input–output model. A proof for the general n×n case remains to be uncovered.
Journal: Economic Systems Research
Pages: 166-172
Issue: 1
Volume: 32
Year: 2020
Month: 1
X-DOI: 10.1080/09535314.2019.1650331
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1650331
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:1:p:166-172
Template-Type: ReDIF-Article 1.0
Author-Name: Koji Ito
Author-X-Name-First: Koji
Author-X-Name-Last: Ito
Author-Name: Ivan Deseatnicov
Author-X-Name-First: Ivan
Author-X-Name-Last: Deseatnicov
Author-Name: Kyoji Fukao
Author-X-Name-First: Kyoji
Author-X-Name-Last: Fukao
Title: Japan’s participation in global value chains: splitting the IO table into production for export and domestic sale
Abstract:
This paper examines Japan’s participation in global value chains (GVCs). To this end, we use plant-level data for Japan to split output in each industry in Japan’s manufacturing sector into output for export or domestic sale and create an extended multi-country input–output table (MIOT). We then compute trade in value added (TiVA) indicators to examine the participation of Japanese manufacturing plants in GVCs. Our estimates suggest that Japan’s forward participation in GVCs is lower than suggested by estimates computed from a traditional MIOT. We infer that this result is due to high cross-border production fragmentation as well as the large presence of Japanese multinational companies in global manufacturing and the high volume of intra-firm trade in Japan’s manufacturing sector. We conclude that considering firm heterogeneity in production for export and domestic sale in MIOTs provides a more accurate understanding of global production fragmentation.
Journal: Economic Systems Research
Pages: 173-191
Issue: 2
Volume: 32
Year: 2020
Month: 4
X-DOI: 10.1080/09535314.2019.1657802
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1657802
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:2:p:173-191
Template-Type: ReDIF-Article 1.0
Author-Name: João F. D. Rodrigues
Author-X-Name-First: João F. D.
Author-X-Name-Last: Rodrigues
Author-Name: Rong Yuan
Author-X-Name-First: Rong
Author-X-Name-Last: Yuan
Author-Name: Hai Xiang Lin
Author-X-Name-First: Hai Xiang
Author-X-Name-Last: Lin
Title: The expectations of and covariances between carbon footprints
Abstract:
Carbon footprints and other environmentally extended input–output indicators are obtained as aggregations of emissions embodied in supply chains (EESCs), which express the emissions occurring in a specific production activity to satisfy a given volume of final demand. Here we derive theoretical approximations of the expectations of and covariances between EESCs, as a function of the expectations of and covariances between source data (technical coefficients, emission coefficients and final demand volumes) through a Taylor expansion. We report an empirical test of those approximations, using a sample of 5 global multi-regional input–output models in the year 2007, of which we extract 22 single-region input–output systems with 17 sectors. We find that approximations of multipliers perform better than those of EESC, and approximations of expectations perform better than those of covariances.
Journal: Economic Systems Research
Pages: 192-201
Issue: 2
Volume: 32
Year: 2020
Month: 4
X-DOI: 10.1080/09535314.2019.1659757
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1659757
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:2:p:192-201
Template-Type: ReDIF-Article 1.0
Author-Name: Yann Füllemann
Author-X-Name-First: Yann
Author-X-Name-Last: Füllemann
Author-Name: Vincent Moreau
Author-X-Name-First: Vincent
Author-X-Name-Last: Moreau
Author-Name: Marc Vielle
Author-X-Name-First: Marc
Author-X-Name-Last: Vielle
Author-Name: François Vuille
Author-X-Name-First: François
Author-X-Name-Last: Vuille
Title: Hire fast, fire slow: the employment benefits of energy transitions
Abstract:
The transition towards decarbonized and efficient energy systems has broad socio-economic implications. We estimate the potential impacts on employment from efforts in energy efficiency in industry, transport and buildings as well as substituting local renewable energy sources for fossil fuels. Both energy supply and demand are accounted for. We use a hybrid approach that combines national energy transition scenarios with input–output tables, adjusted for new energy and non-energy activities. We conclude that the transition has a net positive impact on employment as illustrated by the case of Switzerland. The local and decentralized nature of energy efficiency and renewables retains a greater share of value-added domestically than does a supply chain of fossil fuels. Moreover, we find that more jobs are created in demand-side activities, such as building renovation, than in renewable energy generation. Positive impacts on jobs from spillover effects in all non-energy activities are also found.
Journal: Economic Systems Research
Pages: 202-220
Issue: 2
Volume: 32
Year: 2020
Month: 4
X-DOI: 10.1080/09535314.2019.1695584
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:2:p:202-220
Template-Type: ReDIF-Article 1.0
Author-Name: Irfan Ahmed
Author-X-Name-First: Irfan
Author-X-Name-Last: Ahmed
Author-Name: Claudio Socci
Author-X-Name-First: Claudio
Author-X-Name-Last: Socci
Author-Name: Francesca Severini
Author-X-Name-First: Francesca
Author-X-Name-Last: Severini
Author-Name: Rosita Pretaroli
Author-X-Name-First: Rosita
Author-X-Name-Last: Pretaroli
Author-Name: Hassan Kasady Al Mahdi
Author-X-Name-First: Hassan Kasady
Author-X-Name-Last: Al Mahdi
Title: Unconventional monetary policy and real estate sector: a financial dynamic computable general equilibrium model for Italy
Abstract:
This study investigates the effects of an expansionary monetary policy on the Italian economy and, in particular, on real estate (RE) as a commodity. RE is a key sector for the Italian economy. It has strong interactions with the other sectors, especially with the financial markets. Therefore, we develop a financial dynamic computable general equilibrium model to analyze the response of RE sector to a shock on money supply. The parameters of the model are calibrated on the financial social accounting matrix for Italy that identifies the economic and financial flows in the economic system in a well-defined time period. Our findings confirm that the policy has a positive impact on real economy and on the RE output, value added and pricing.
Journal: Economic Systems Research
Pages: 221-238
Issue: 2
Volume: 32
Year: 2020
Month: 4
X-DOI: 10.1080/09535314.2019.1656601
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:2:p:221-238
Template-Type: ReDIF-Article 1.0
Author-Name: Yuya Nakamoto
Author-X-Name-First: Yuya
Author-X-Name-Last: Nakamoto
Title: Spatial structural decomposition analysis with a focus on product lifetime
Abstract:
This study estimates the carbon footprint associated with global final demand for automobiles and petroleum of the U.S.A., Germany, and Japan, which accounted for 31% of the global stock of passenger cars in 2009, during 1995 to 2009. I develop a comprehensive new method to more clearly illuminate the structural change in automobiles’ global final demand. Based on the results, I discuss how a circular strategy with a focus on vehicle lifetime extension contributes to the automobile carbon footprint in each country. While the environmental burden from automobile manufacturing has decreased globally, the Leontief production structure countered carbon reduction and completely canceled out the effects of technological changes to reduce emission intensities. The results showed that suppressing demand for new cars through lifetime extensions greatly reduced the carbon footprint, in a similar or even greater way than that from changes in industrial technology.
Journal: Economic Systems Research
Pages: 239-261
Issue: 2
Volume: 32
Year: 2020
Month: 4
X-DOI: 10.1080/09535314.2019.1670623
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:2:p:239-261
Template-Type: ReDIF-Article 1.0
Author-Name: Cristian Mardones
Author-X-Name-First: Cristian
Author-X-Name-Last: Mardones
Author-Name: Mirko Lipski
Author-X-Name-First: Mirko
Author-X-Name-Last: Lipski
Title: A carbon tax on agriculture? A CGE analysis for Chile
Abstract:
This paper evaluates the implementation of a tax on CO2 equivalent (CO2eq) emissions produced by the agricultural sector. Computable general equilibrium (CGE) simulations consider tax rates ranging from $5 to $131 USD/ton CO2eq with sensitivity analyses. We find that a tax applied only to agricultural emissions makes agriculture less competitive and, thus, reduces its production. Real GDP falls from 0.00–0.01% to 0.12–0.40% as a result, and total emissions decline from 0.07–0.10% to 1.79–2.25%. The tax is slightly regressive. We conclude that the tax on just agriculture does not substantially reduce emissions. Indeed, we find it is more efficient to apply the tax across the board, while subsidizing the forestry.
Journal: Economic Systems Research
Pages: 262-277
Issue: 2
Volume: 32
Year: 2020
Month: 4
X-DOI: 10.1080/09535314.2019.1676701
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:2:p:262-277
Template-Type: ReDIF-Article 1.0
Author-Name: Ignacio Cazcarro
Author-X-Name-First: Ignacio
Author-X-Name-Last: Cazcarro
Author-Name: Rosa Duarte
Author-X-Name-First: Rosa
Author-X-Name-Last: Duarte
Author-Name: Julio Sánchez Chóliz
Author-X-Name-First: Julio
Author-X-Name-Last: Sánchez Chóliz
Author-Name: Cristina Sarasa
Author-X-Name-First: Cristina
Author-X-Name-Last: Sarasa
Title: Water and production reallocation in the Spanish agri-food system
Abstract:
Multiregional input–output (MRIO) and computable general equilibrium (CGE) models have greatly facilitated approaches to environmental and economic problems in recent years. This paper examines regional reallocation criteria intended to reduce water constraints in the Spanish economy. Our goal is to assess the impact of alternative allocation scenarios for regional production on the country’s agriculture and agri-food industries, and the associated effects on water resources along the whole length of food supply chains, which display significant asymmetries between regions caused by imbalances in the availability of water resources. We design a CGE model using an MRIO database for Spain. Our scenarios are based on increases in the production of water-intensive crops in regions with more abundant water resources and the development of more sustainable food supply chains between farms and the agri-food industry. Our findings point to a series of policy options that could be applied to ensure successful outcomes in both directions.
Journal: Economic Systems Research
Pages: 278-299
Issue: 2
Volume: 32
Year: 2020
Month: 4
X-DOI: 10.1080/09535314.2019.1693982
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1693982
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:2:p:278-299
Template-Type: ReDIF-Article 1.0
Author-Name: María-Ángeles Cadarso
Author-X-Name-First: María-Ángeles
Author-X-Name-Last: Cadarso
Author-Name: Fabio Monsalve
Author-X-Name-First: Fabio
Author-X-Name-Last: Monsalve
Author-Name: Guadalupe Arce
Author-X-Name-First: Guadalupe
Author-X-Name-Last: Arce
Title: Emissions burden shifting in global value chains – winners and losers under multi-regional versus bilateral accounting
Abstract:
International trade leads to emissions burden shifting and threatens mitigation targets. Multiregional input–output (MRIO) and bilateral trade input–output (BTIO) models are widely used to analyse emissions embodied in trade and global value chains. Especially, the last one is used in analysing border tax adjustment (BTA) on the carbon content of imports. The model choice is not trivial. The analysis shows BTIO's inability to capture the consumer-principle throughout the production chain and its inadequacy as an option for consumption-based accounting, because it allocates emissions to the first importing country and to the sector of production, instead to the consumer (both country and region). Regarding the BTA assessment, BTIO tax domestic carbon content of direct imports, but not indirect imported carbon content. MRIO does provide incentives for mitigation in third countries. The differences in allocation of emissions and taxes’ burden of both models have different consequences for developed and undeveloped regions.
Journal: Economic Systems Research
Pages: 439-461
Issue: 4
Volume: 30
Year: 2018
Month: 10
X-DOI: 10.1080/09535314.2018.1431768
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:4:p:439-461
Template-Type: ReDIF-Article 1.0
Author-Name: Utz-Peter Reich
Author-X-Name-First: Utz-Peter
Author-X-Name-Last: Reich
Title: Accounting for international trade in value added: a comment on the OECD–WTO project
Abstract:
In the global economy of today, global value-added chains allow firms and countries to take apart the production process and do the part they are best at. In response to this new reality, OECD and WTO have launched a common statistics project of the ‘OECD–WTO Trade in Value-Added (TiVA) Database’. The database links national input–output tables with bilateral trade data to develop inter-country input–output tables that allow compiling, and revealing such chains. Its data are actual nominal values compiled at current exchange rates. The paper takes issue with that choice. Recalling that elsewhere in the United Nations national accounting figures are transformed to purchasing power parity before being compared internationally the paper suggests to follow suit and compile international value-added chains at real exchange rates, as well, and it sketches an introductory outline of how to do so.
Journal: Economic Systems Research
Pages: 462-477
Issue: 4
Volume: 30
Year: 2018
Month: 10
X-DOI: 10.1080/09535314.2018.1434486
File-URL: http://hdl.handle.net/10.1080/09535314.2018.1434486
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:4:p:462-477
Template-Type: ReDIF-Article 1.0
Author-Name: Terrie Walmsley
Author-X-Name-First: Terrie
Author-X-Name-Last: Walmsley
Author-Name: Badri Narayanan
Author-X-Name-First: Badri
Author-X-Name-Last: Narayanan
Author-Name: Angel Aguiar
Author-X-Name-First: Angel
Author-X-Name-Last: Aguiar
Author-Name: Robert McDougall
Author-X-Name-First: Robert
Author-X-Name-Last: McDougall
Title: Building a global database: consequences for the national I–O data
Abstract:
Global economic analysis requires consistent and balanced data, which necessitates the reconciliation of datasets from both national and international sources. In the case of the Global Trade Analysis Project Data Base, datasets supplied by international sources are considered preferable to national input–output (I–O) tables. As a result, the national I–O data can experience significant adjustments during the reconciliation process due to differences between the national and international datasets. The purpose of this paper is to examine the extent to which national I–O data change during reconciliation. The results demonstrate that the I–O data are altered by the construction process, particularly from the reconciliation of the national I–O data to the international trade and energy datasets. Closer examination reveals potential issues with both the trade and energy datasets, as well as the national I–O data – illustrating the challenges associated with reconciling data from multiple sources.
Journal: Economic Systems Research
Pages: 478-496
Issue: 4
Volume: 30
Year: 2018
Month: 10
X-DOI: 10.1080/09535314.2018.1440533
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:4:p:478-496
Template-Type: ReDIF-Article 1.0
Author-Name: Rossella Bardazzi
Author-X-Name-First: Rossella
Author-X-Name-Last: Bardazzi
Author-Name: Leonardo Ghezzi
Author-X-Name-First: Leonardo
Author-X-Name-Last: Ghezzi
Title: Trade, competitiveness and investment: an empirical assessment
Abstract:
The Eurozone crisis has exposed several weaknesses of the European Monetary Union economies. This paper aims to assess the impact on external competitiveness of an expansionary capital stock policy that could contribute to reduce the trade balance asymmetries within the EU and help European exporters to recover their competitive role in international markets. A policy action to increase capital stock accumulation through investment in selected European countries could generate a double dividend: increasing both price and nonprice competitiveness, so stimulating their competitive position as exporters, and consolidating the growth path of EU economy. The analysis employs a bilateral trade model built at INFORUM with several distinguishing characteristics: a comprehensive bilateral data set, econometric estimation of key parameters, and emphasis on sectoral details. Our findings show that a capital stock increase is effective in narrowing trade imbalances within EU. Heterogeneous effects are estimated for commodities in China and the US.
Journal: Economic Systems Research
Pages: 497-520
Issue: 4
Volume: 30
Year: 2018
Month: 10
X-DOI: 10.1080/09535314.2018.1446913
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:4:p:497-520
Template-Type: ReDIF-Article 1.0
Author-Name: María T. Álvarez-Martínez
Author-X-Name-First: María T.
Author-X-Name-Last: Álvarez-Martínez
Author-Name: Montserrat López-Cobo
Author-X-Name-First: Montserrat
Author-X-Name-Last: López-Cobo
Title: WIOD SAMs adjusted with Eurostat data for the EU-27
Abstract:
This paper provides a new set of Social Accounting Matrices (SAMs) for the EU-27 and describes their construction process. The World Input–Output Database (WIOD) has been used as the main data source, and it has been completed with information from National Accounts in Eurostat. The SAMs include a disaggregation of labour by skills and the disaggregation of the foreign sector into the EU and Rest of the world. It is described how to elaborate a symmetric Input–Output table product by product at purchasers’ prices using supply and use tables and applying the industry technology. It is also described the reallocation of social contributions needed to properly assign tax revenues to government and avoid the usually overlooked problems generated by the second redistribution of income. The description of the SAMs and their availability for the EU-27 can be very useful to researchers in applied economics using CGE and SAM models.
Journal: Economic Systems Research
Pages: 521-544
Issue: 4
Volume: 30
Year: 2018
Month: 10
X-DOI: 10.1080/09535314.2018.1448758
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:4:p:521-544
Template-Type: ReDIF-Article 1.0
Author-Name: Rosa Duarte
Author-X-Name-First: Rosa
Author-X-Name-Last: Duarte
Author-Name: Vicente Pinilla
Author-X-Name-First: Vicente
Author-X-Name-Last: Pinilla
Author-Name: Ana Serrano
Author-X-Name-First: Ana
Author-X-Name-Last: Serrano
Title: Factors driving embodied carbon in international trade: a multiregional input–output gravity model
Abstract:
Concerns about the effects and consequences of climate change have notably increased in recent decades. Despite large advances in the understanding of this phenomenon, further research into the determinants of gas emissions is necessary, to shed light on the responsibilities of producers and consumers, and their potential contribution to mitigation strategies. This paper studies the trajectories and determinants of carbon embodied in world trade during a period of 15 years. Our methodology relies on a multiregional input–output model, environmentally extended. Drawing on data from the World Input–Output Database, we estimate embodied emissions in bilateral flows. Then, we assess the determinants of CO2 emissions embodied in trade, combining input–output modelling with trade gravity panel data analysis. This paper offers a methodological approach that explains and quantifies the underlying factors of carbon trade, integrating the production and consumption perspectives and considering the geographical, structural and institutional context of countries.
Journal: Economic Systems Research
Pages: 545-566
Issue: 4
Volume: 30
Year: 2018
Month: 10
X-DOI: 10.1080/09535314.2018.1450226
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Handle: RePEc:taf:ecsysr:v:30:y:2018:i:4:p:545-566
Template-Type: ReDIF-Article 1.0
Author-Name: Joao-Pedro Ferreira
Author-X-Name-First: Joao-Pedro
Author-X-Name-Last: Ferreira
Author-Name: Michael Lahr
Author-X-Name-First: Michael
Author-X-Name-Last: Lahr
Author-Name: Pedro Ramos
Author-X-Name-First: Pedro
Author-X-Name-Last: Ramos
Author-Name: Eduardo Castro
Author-X-Name-First: Eduardo
Author-X-Name-Last: Castro
Title: Accounting for global migrant remittances flows
Abstract:
Migrant remittances are important to some countries. According to the World Bank, they comprise more than 30% of the GDP of Kyrgyzstan, Tonga, Tajikistan, Haiti and Nepal. Compared to official development aid or foreign direct investment, remittances have lately become a prime income stream for less-developed nations. In this paper, we analyze the net spillover and feedback effects from the consumer demand generated in migrants’ home countries. We use World Bank estimates of remittances and the World Input-Output Database (WIOD) for the investigation with so-called ‘hypothetical insertion’ as the tool of choice. We find that even some developed nations, like the US, likely benefit from remittances (the largest global path for remittances is that from the US to Mexico), but that not all do (e.g. Canada does not). We stop short of making strong policy recommendations. Instead, we suggest that more attention is paid to the veracity of remittance estimates.
Journal: Economic Systems Research
Pages: 301-317
Issue: 3
Volume: 32
Year: 2020
Month: 7
X-DOI: 10.1080/09535314.2019.1659756
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1659756
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:3:p:301-317
Template-Type: ReDIF-Article 1.0
Author-Name: Raffaele Giammetti
Author-X-Name-First: Raffaele
Author-X-Name-Last: Giammetti
Title: Tariffs, domestic import substitution and trade diversion in input-output production networks: an exercise on Brexit
Abstract:
In this paper we employ the World Input–Output Database to develop a multi-sector inter-country model that allows us to identify the channels through which the trade effects of Brexit would propagate. The inclusion of global value chains and indirect Brexit effects in the model leads to estimates that diverge with the results of the main literature. Indeed, we found that Brexit could be risky and costly not only for the UK but also for many EU countries. Furthermore, we develop a second model and present the first empirical analysis on the consequences of domestic import substitution and trade diversion policies in Input–Output schemes. We found that allowing sectors and countries to partly substitute foreign products, leads to significantly lower losses for both macro-regions: the UK and EU27 would lose, at worst, the 0.28 and 0.5 percent of value-added, respectively.
Journal: Economic Systems Research
Pages: 318-350
Issue: 3
Volume: 32
Year: 2020
Month: 7
X-DOI: 10.1080/09535314.2020.1738347
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1738347
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:3:p:318-350
Template-Type: ReDIF-Article 1.0
Author-Name: Navid Attary
Author-X-Name-First: Navid
Author-X-Name-Last: Attary
Author-Name: Harvey Cutler
Author-X-Name-First: Harvey
Author-X-Name-Last: Cutler
Author-Name: Martin Shields
Author-X-Name-First: Martin
Author-X-Name-Last: Shields
Author-Name: John W. van de Lindt
Author-X-Name-First: John W.
Author-X-Name-Last: van de Lindt
Title: The economic effects of financial relief delays following a natural disaster
Abstract:
In the U.S. the economic damages of natural disasters have increased substantially over time. While private insurance payouts tend to arrive relatively quickly, federal recovery monies are often allocated unevenly, with some communities waiting years to receive previously designated funds. We examine the costliness of delay by linking an economic model of the Joplin, Missouri economy to a civil engineering model that replicates the damage from a tornado that devastated the community in 2011. Building damage estimates from the natural hazard and engineering models are translated into capital stock losses, which subsequently impact the local economy through lost output. We examine several different recovery paths, with a focus on differences in the timing of recovery assistance. Our results show that delaying financial assistance can have important, irretrievable adverse outcomes in the short run.
Journal: Economic Systems Research
Pages: 351-377
Issue: 3
Volume: 32
Year: 2020
Month: 7
X-DOI: 10.1080/09535314.2020.1713729
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1713729
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:3:p:351-377
Template-Type: ReDIF-Article 1.0
Author-Name: Tiziano Distefano
Author-X-Name-First: Tiziano
Author-X-Name-Last: Distefano
Author-Name: Marta Tuninetti
Author-X-Name-First: Marta
Author-X-Name-Last: Tuninetti
Author-Name: Francesco Laio
Author-X-Name-First: Francesco
Author-X-Name-Last: Laio
Author-Name: Luca Ridolfi
Author-X-Name-First: Luca
Author-X-Name-Last: Ridolfi
Title: Tools for reconstructing the bilateral trade network: a critical assessment
Abstract:
This study critically assesses the performances of the Gravity Model (GM) and of the RAS algorithm for the bilateral flow intensity estimations and link prediction. The main novelty is the application of these methodologies to reconstruct the network topology with a minimum amount of information. Moreover, we implement a multi-layer analysis to provide a comprehensive and robust framework, by testing several food commodities, over the period 1986–2013. The main outcomes suggest that the RAS algorithm outperforms the Gravity Model in the estimations of the bilateral trade flows, importantly guaranteeing the balance constraints (i.e. global import equals global export), while GM generates lower relative errors, but it underestimates total global flows. Both RAS and GM can be applied to accurately recover the network architecture. The implications of our study encompass a wide range of applications: systemic-risk assessment, creation of new databases, and scenario analyses to support policy decisions.
Journal: Economic Systems Research
Pages: 378-394
Issue: 3
Volume: 32
Year: 2020
Month: 7
X-DOI: 10.1080/09535314.2019.1703173
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1703173
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:3:p:378-394
Template-Type: ReDIF-Article 1.0
Author-Name: Sébastien Miroudot
Author-X-Name-First: Sébastien
Author-X-Name-Last: Miroudot
Author-Name: Ming Ye
Author-X-Name-First: Ming
Author-X-Name-Last: Ye
Title: Multinational production in value-added terms
Abstract:
Micro-level evidence has emphasised that firms that produce across countries are responsible for a large share of international exchanges of goods, services, capital and knowledge. At the aggregate level, quantitative studies that look at multinational production generally rely on the concept of sales of foreign affiliates, which is a gross concept that includes the value of intermediate inputs. In the case of trade, the literature has recently shifted to a value-added approach that can distinguish in exports the contribution of the different economies supplying inputs. In this paper, we propose a framework that decomposes value-added in domestic sales in order to trace its origin and remove any double-counting. We find that an intercountry input–output table split on ownership can yield an analysis of activities of foreign affiliates of multinational firms in value-added terms.
Journal: Economic Systems Research
Pages: 395-412
Issue: 3
Volume: 32
Year: 2020
Month: 7
X-DOI: 10.1080/09535314.2019.1701997
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1701997
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:3:p:395-412
Template-Type: ReDIF-Article 1.0
Author-Name: Mike G. Tsionas
Author-X-Name-First: Mike G.
Author-X-Name-Last: Tsionas
Title: Bayesian input–output table update using a benchmark LASSO prior
Abstract:
We propose updating a multiplier matrix subject to final demand and total output constraints, where the prior multiplier matrix is weighted against a LASSO prior. We update elements of the Leontief inverse, from which we can derive posterior densities of the entries in input–output tables. As the parameter estimates required by far exceed the available observations, many zero entries deliver a sparse tabulation. We address that problem with a new statistical model wherein we adopt a LASSO prior. We develop novel numerical techniques and perform a detailed Monte Carlo study to examine the performance of the new approach under different configurations of the input–output table. The new techniques are applied to a 196 × 196 U.S. input–output table for 2012.
Journal: Economic Systems Research
Pages: 413-427
Issue: 3
Volume: 32
Year: 2020
Month: 7
X-DOI: 10.1080/09535314.2019.1707170
File-URL: http://hdl.handle.net/10.1080/09535314.2019.1707170
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:3:p:413-427
Template-Type: ReDIF-Article 1.0
Author-Name: Junning Cai
Author-X-Name-First: Junning
Author-X-Name-Last: Cai
Author-Name: PingSun Leung
Author-X-Name-First: PingSun
Author-X-Name-Last: Leung
Title: A note on linkage between gross value added and final use at the industry level
Abstract:
Gross value added (GVA) is a common indicator of an industry/sector’s economic performance. While an economy’s total GVA is always equal to its total final use, an individual industry/sector’s GVA is usually not equal to its final use. Yet an accounting identity between an industry/sector’s GVA and the final use of multiple industries/sectors can be established by a gross value added-final use (GVA-FU) matrix. This paper derives the GVA-FU matrix in the Leontief demand-driven model and its equivalence in the Ghosh supply-driven model and interprets the matrix from different perspectives. The GVA-FU matrix can help policymakers and practitioners better understand an industry/sector’s percentage of gross domestic product (GDP) – the underlying measure behind the United Nations Sustainable Development Goals (SDGs) Indicator 14.7.1 – from the demand-side perspective and facilitate its proper use for policy and planning. The GVA-FU matrix can become a standard component of the input–output apparatus for multiple applications.
Journal: Economic Systems Research
Pages: 428-437
Issue: 3
Volume: 32
Year: 2020
Month: 7
X-DOI: 10.1080/09535314.2020.1718617
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1718617
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:3:p:428-437
Template-Type: ReDIF-Article 1.0
Author-Name: Bart Los
Author-X-Name-First: Bart
Author-X-Name-Last: Los
Author-Name: Bart Verspagen
Author-X-Name-First: Bart
Author-X-Name-Last: Verspagen
Title: An Introduction to the Analysis of Systems of Innovation: Scientific and Technological Interdependencies
Journal: Economic Systems Research
Pages: 315-322
Issue: 4
Volume: 14
Year: 2002
Month: 12
X-DOI: 10.1080/0953531022000024815
File-URL: http://hdl.handle.net/10.1080/0953531022000024815
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:4:p:315-322
Template-Type: ReDIF-Article 1.0
Author-Name: Martin Meyer
Author-X-Name-First: Martin
Author-X-Name-Last: Meyer
Title: RETRACTED ARTICLE: Tracing Knowledge Flows in Innovation Systems—an Informetric Perspective on Future Research Science-based Innovation
Abstract:
We, the Editors and Publisher of Economic Systems Research, have retracted the following article:Martin Meyer, ‘Tracing Knowledge Flows in Innovation Systems—an Informetric Perspective on Future Research Science-based Innovation’, Economic Systems research, 14(4), 2002, Pages 323–344, doi:10.1080/0953531022000024824
This retraction, made in August 2020, is at the request of the author due to significant overlap with the following article:Martin Meyer, ‘Tracing knowledge flows in innovation systems’, Scientometrics, 54 (2), 2002, Pages 193–212, doi:10.1023/A:1016057727209.We note the breach of warranties made by the author with respect to originality, and of our policy on publishing ethics and integrity. We note we received, peer-reviewed, accepted, and published the article in good faith based on these warranties, and censure this action. We have been informed in our decision-making by our policy on publishing ethics and integrity and the COPE guidelines on retractions.The retracted article will remain online to maintain the scholarly record, but it will be digitally watermarked on each page as “Retracted”.
Journal: Economic Systems Research
Pages: 323-344
Issue: 4
Volume: 14
Year: 2002
Month: 12
X-DOI: 10.1080/0953531022000024824
File-URL: http://hdl.handle.net/10.1080/0953531022000024824
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:4:p:323-344
Template-Type: ReDIF-Article 1.0
Author-Name: Koen Frenken
Author-X-Name-First: Koen
Author-X-Name-Last: Frenken
Title: A New Indicator of European Integration and an Application to Collaboration in Scientific Research
Abstract:
The goal of this study is to develop a comprehensive indicator of integration among countries within a supranational system. Integration is not analysed in terms of the growth in interactions among countries, but in terms of the matrix distribution of interactions among countries. Integration can then be indicated in terms of interaction biases among countries measured by the difference between the observed matrix distribution and the hypothetical random distribution. The indicator is applied to data on research collaborations among European research institutions (1993-2000). Evidence is found that the European science system has indeed become more integrated. The higher level of integration has resulted exclusively from a more evenly distributed pattern of European collaborations, while the strong bias towards intra-national collaborations persisted. The results point to the persistence of national science systems. A future research agenda and science policy implications are discussed.
Journal: Economic Systems Research
Pages: 345-361
Issue: 4
Volume: 14
Year: 2002
Month: 12
X-DOI: 10.1080/0953531022000024833
File-URL: http://hdl.handle.net/10.1080/0953531022000024833
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:4:p:345-361
Template-Type: ReDIF-Article 1.0
Author-Name: Finn Valentin
Author-X-Name-First: Finn
Author-X-Name-Last: Valentin
Author-Name: Rasmus Lund Jensen
Author-X-Name-First: Rasmus Lund
Author-X-Name-Last: Jensen
Title: Reaping the Fruits of Science: Comparing Exploitations of a Scientific Breakthrough in European Innovation Systems
Abstract:
This paper is an attempt to unpack the emergence and dynamics of science-based technologies in conceptual forms that allow us to understand better when and how the social and economic organization of search and problem-solving matters. The evolution over two decades of a specific science-based technology is mapped with data from its 192 patents. For the five European countries generating the majority of patents, we identify the host organizations of all 275 inventors involved in the R&D behind the patents. Using network analysis we then map the evolution of separate innovation systems and their structural and evolutionary characteristics. The best performing system combines a cumulative pattern with frequent and shifting connections to non-system R&D partners while maintaining a small core of almost omnipresent inventor-organizations. The role of multinational corporations in orchestrating innovation systems is apparent.
Journal: Economic Systems Research
Pages: 363-388
Issue: 4
Volume: 14
Year: 2002
Month: 12
X-DOI: 10.1080/0953531022000024842
File-URL: http://hdl.handle.net/10.1080/0953531022000024842
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:4:p:363-388
Template-Type: ReDIF-Article 1.0
Author-Name: Ina Drejer
Author-X-Name-First: Ina
Author-X-Name-Last: Drejer
Title: Business Services as a Production Factor
Abstract:
Based on the assumption that business services are influential production factors, an empirical analysis of the relation between business service inputs and production output in user sectors is carried out. Danish data from 52 manufacturing and service sectors covering the period 1970-95 are applied in the analysis. A sectoral dimension is introduced by dividing the 52 sectors into eight sectoral groupings and then allowing the slopes of the different variables included in the model to vary between the eight groups. The empirical analysis offers some support to the assumption that business services can have an effect comparable to traditional production factors, although this only applies to service sectors, and, partly, to low-knowledge manufacturing.
Journal: Economic Systems Research
Pages: 389-405
Issue: 4
Volume: 14
Year: 2002
Month: 12
X-DOI: 10.1080/0953531022000024851
File-URL: http://hdl.handle.net/10.1080/0953531022000024851
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:4:p:389-405
Template-Type: ReDIF-Article 1.0
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Bart Los
Author-X-Name-First: Bart
Author-X-Name-Last: Los
Title: Externalities of R&D Expenditures
Abstract:
Innovation is generally recognized as a major source of economic growth. R&D investments explicitly aim at generating innovations and creating knowledge. Since knowledge has certain public good properties, positive externalities are likely to exist. In this paper, we extend well-known concepts from the input-output literature (backward multipliers) to indicate at which commodities stimuli should be targeted to enhance R&D and its positive externalities in the economy as a whole. Next, we argue that there may also be negative externalities of R&D, due to increased prices. This issue can be studied by means of forward multipliers. Both concepts are applied to the United States, 1977-90.
Journal: Economic Systems Research
Pages: 407-425
Issue: 4
Volume: 14
Year: 2002
Month: 12
X-DOI: 10.1080/0953531022000024860
File-URL: http://hdl.handle.net/10.1080/0953531022000024860
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:4:p:407-425
Template-Type: ReDIF-Article 1.0
Author-Name: The Editors
Title: Annual Report of the IIOA, 2001
Journal: Economic Systems Research
Pages: 427-430
Issue: 4
Volume: 14
Year: 2002
Month: 12
X-DOI: 10.1080/0953531022000024879
File-URL: http://hdl.handle.net/10.1080/0953531022000024879
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Handle: RePEc:taf:ecsysr:v:14:y:2002:i:4:p:427-430
Template-Type: ReDIF-Article 1.0
Author-Name: Albert E. Steenge
Author-X-Name-First: Albert E.
Author-X-Name-Last: Steenge
Author-Name: Rachel C. Reyes
Author-X-Name-First: Rachel C.
Author-X-Name-Last: Reyes
Title: Return of the capital coefficients matrix
Abstract:
A core ingredient of post-disaster input–output recovery models is the reconstruction of lost production capacity. Therefore, one would expect a set of models endowed with capital coefficients matrices to be available for analysis. However, this is not the case, possibly due to earlier negative experiences with such models. Nevertheless, in this paper, we aim to show that there is a class of problems that can be addressed successfully with a dynamic input–output model with a fully functioning capital coefficients matrix. We put forward that if reconstruction is tightly planned, investment and therewith gross output essentially become pre-determined. This also means that traditional final demand becomes an endogenous residual, with the model being transformed into a distribution and allocation model. We begin with a reordering of variables and equations as proposed in Leontief’s dynamic inverse, and then move on directly to the newly proposed model. Suggestions for further work are given.
Journal: Economic Systems Research
Pages: 439-450
Issue: 4
Volume: 32
Year: 2020
Month: 10
X-DOI: 10.1080/09535314.2020.1731682
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1731682
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:4:p:439-450
Template-Type: ReDIF-Article 1.0
Author-Name: Carl-Johan H. Södersten
Author-X-Name-First: Carl-Johan H.
Author-X-Name-Last: Södersten
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Title: A supply-use approach to capital endogenization in input–output analysis
Abstract:
Input–output analysis currently treats capital investment as exogenous to the inter-industry system despite capital goods being used further in production processes. Previous studies have applied the Leontief calculus to include impacts of capital in footprint calculations. Here, we adopt a supply-use approach to incorporating capital into footprint calculations, by constructing capital supply-use tables (KSUTs) that enable differentiating capital goods. As the new KSUT formalism is compliant with the Supply-Use formalism in the UN's System of National Accounts, we can keep full transparency throughout the process of calculating impact multipliers. We demonstrate the usefulness of the KSUT framework in a case study of the Australian economy, with environmental extensions from the EXIOBASE3 database. If consumption-based emissions were considered for the UN's Framework Convention on Climate Change, the KSUT framework would provide a consistent and transparent foundation for working out countries’ responsibility for carbon emissions from both current use and capital investment.
Journal: Economic Systems Research
Pages: 451-475
Issue: 4
Volume: 32
Year: 2020
Month: 10
X-DOI: 10.1080/09535314.2020.1784852
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1784852
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:4:p:451-475
Template-Type: ReDIF-Article 1.0
Author-Name: Nino Mushkudiani
Author-X-Name-First: Nino
Author-X-Name-Last: Mushkudiani
Author-Name: Jeroen Pannekoek
Author-X-Name-First: Jeroen
Author-X-Name-Last: Pannekoek
Author-Name: Li-Chun Zhang
Author-X-Name-First: Li-Chun
Author-X-Name-Last: Zhang
Title: Uncertainty measures for economic accounts
Abstract:
The problem of adjusting large systems of estimated economic or social accounts such that they fulfill known functional relationships can be quite complex. For such complex systems, evaluating the accuracy of the estimates after the adjustment is difficult since these estimates are defined by unadjusted initial estimates, the accounting equations and the adjustment method. In this paper, we consider such accounting systems as a single entity and develop scalar uncertainty measures that are based on the first two moments of the joint distribution of final adjusted estimates. Scalar measures can help to effectively communicate to the users the relevant uncertainty of disseminated macro-economic accounts and can assist the producer in choosing and improving adjustment method and input estimators. The proposed approach is illustrated both analytically and by simulation. Applications to supply and use tables and to time series data are presented.
Journal: Economic Systems Research
Pages: 476-501
Issue: 4
Volume: 32
Year: 2020
Month: 10
X-DOI: 10.1080/09535314.2020.1792843
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1792843
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:4:p:476-501
Template-Type: ReDIF-Article 1.0
Author-Name: Francesca Severini
Author-X-Name-First: Francesca
Author-X-Name-Last: Severini
Author-Name: Rosita Pretaroli
Author-X-Name-First: Rosita
Author-X-Name-Last: Pretaroli
Author-Name: Claudio Socci
Author-X-Name-First: Claudio
Author-X-Name-Last: Socci
Author-Name: Jacopo Zotti
Author-X-Name-First: Jacopo
Author-X-Name-Last: Zotti
Author-Name: Giancarlo Infantino
Author-X-Name-First: Giancarlo
Author-X-Name-Last: Infantino
Title: The suggested structure of final demand shock for sectoral labour digital skills
Abstract:
International data seem to confirm that countries with a relative abundancy of highly-skilled labour with digital competences grow faster than others. For this reason, digital competences and skills in general are progressively assuming a central role in labour market policies. In this article, we show the potential of the disaggregated multisectoral analysis with the macro multipliers approach as a tool of economic policy. Such analyses allow identifying a set of endogenous policies in which specific objectives do not clash with growth objectives. The identification and the quantification of the macro multipliers is based on an extended multi-industry, multi-factor and multi-sector model, which accounts for the representation of the income circular flow as in the social accounting matrix (SAM). The SAM constructed for this exercise allows for a proper disaggregation of the labour factor by formal educational attainment, digital competences and gender for the case of Italy.
Journal: Economic Systems Research
Pages: 502-520
Issue: 4
Volume: 32
Year: 2020
Month: 10
X-DOI: 10.1080/09535314.2020.1726296
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1726296
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:4:p:502-520
Template-Type: ReDIF-Article 1.0
Author-Name: Julio Gustavo Fournier Gabela
Author-X-Name-First: Julio Gustavo
Author-X-Name-Last: Fournier Gabela
Title: On the accuracy of gravity-RAS approaches used for inter-regional trade estimation: evidence using the 2005 inter-regional input–output table of Japan
Abstract:
In contrast to international trade, it is still difficult to find regional trade statistics within a nation. Given that the gravity model continues to be very popular, we test two gravity-RAS approaches used for interregional trade estimation: a standard one and an extended version, which additionally estimates intra-regional flows. We assess the accuracy with the help of two measures and for different sectoral aggregation levels. For that, we use the survey-based 2005 interregional input–output table of Japan as a benchmark. Results show high overall accuracy levels for the standard approach, better than when using international data, albeit with heterogeneous errors for sectors and regions. We further find that the results of a multiregional input-output model are highly sensitive to the trade estimation approach and that errors slightly increase for increasing sectoral disaggregation levels. Results from an experiment based on a random number generator show how RAS influences results.
Journal: Economic Systems Research
Pages: 521-539
Issue: 4
Volume: 32
Year: 2020
Month: 10
X-DOI: 10.1080/09535314.2020.1753662
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1753662
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:4:p:521-539
Template-Type: ReDIF-Article 1.0
Author-Name: Hao Xiao
Author-X-Name-First: Hao
Author-X-Name-Last: Xiao
Author-Name: Bo Meng
Author-X-Name-First: Bo
Author-X-Name-Last: Meng
Author-Name: Jiabai Ye
Author-X-Name-First: Jiabai
Author-X-Name-Last: Ye
Author-Name: Shantong Li
Author-X-Name-First: Shantong
Author-X-Name-Last: Li
Title: Are global value chains truly global?
Abstract:
Are global value chains (GVCs) truly global or are they more of a regional phenomenon? We provide a new perspective on this issue using network analysis based on the measure of trade in value added. We first show that GVC activities can be consistently identified and grouped into three types of networks, i.e. traditional, simple, and complex trade networks, according to the number of times that factor contents cross national borders in global production sharing. Further investigation on the changes in topology and structure of various networks reveals that, GVCs are more likely organized regionally and dominated by large countries, like the US, China, and Germany. However, at the sector level, what GVCs look like largely depends on the perspective (supply or demand) and the type of networks adopted. This can help better understand the possible structural change of GVCs brought by the US–China trade war and the COVID-19 pandemic.
Journal: Economic Systems Research
Pages: 540-564
Issue: 4
Volume: 32
Year: 2020
Month: 10
X-DOI: 10.1080/09535314.2020.1783643
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1783643
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:4:p:540-564
Template-Type: ReDIF-Article 1.0
Author-Name: Eduardo A. Haddad
Author-X-Name-First: Eduardo A.
Author-X-Name-Last: Haddad
Author-Name: Fatima Ezzahra Mengoub
Author-X-Name-First: Fatima Ezzahra
Author-X-Name-Last: Mengoub
Author-Name: Vinicius A. Vale
Author-X-Name-First: Vinicius A.
Author-X-Name-Last: Vale
Title: Water content in trade: a regional analysis for Morocco
Abstract:
This paper aims at evaluating the virtual water content in trade in an intra-country perspective and discussing potential tradeoffs between the use of natural resources and value added creation. We develop a trade-based index that reveals the relative water use intensities associated with specific interregional and international trade flows. The index is calculated considering the measures of water and value added embedded in trade flows associated with each regional origin-destination pair using an interregional input-output matrix for Morocco together with information on sectorial water use. We add to the literature on virtual water by encompassing the subnational perspective in a country that shows a clear ‘climate divide’. Furthermore, we contribute to the literature by proposing an index that may be applied to different economies to evaluate multidimensional trade-offs associated with the pressure of specific economic flows to the use of natural resources relative to its economic relevance.
Journal: Economic Systems Research
Pages: 565-584
Issue: 4
Volume: 32
Year: 2020
Month: 10
X-DOI: 10.1080/09535314.2020.1756228
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1756228
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:4:p:565-584
Template-Type: ReDIF-Article 1.0
Author-Name: The Editors
Title: Retraction: Tracing Knowledge Flows in Innovation Systems—an Informetric Perspective on Future Research Science-based Innovation
Journal: Economic Systems Research
Pages: 585-585
Issue: 4
Volume: 32
Year: 2020
Month: 10
X-DOI: 10.1080/09535314.2020.1804704
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1804704
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Handle: RePEc:taf:ecsysr:v:32:y:2020:i:4:p:585-585
Template-Type: ReDIF-Article 1.0
Author-Name: Lei Zhou
Author-X-Name-First: Lei
Author-X-Name-Last: Zhou
Author-Name: Zhenhua Chen
Author-X-Name-First: Zhenhua
Author-X-Name-Last: Chen
Title: Are CGE models reliable for disaster impact analyses?
Abstract:
This study investigates a fundamental issue of computable general equilibrium (CGE) modeling: are CGE models reliable for measuring the economic consequence analysis of disasters? We assess the outputs of CGE analyses after controlling for various modeling factors such as data, type of model, and modeling mechanisms via a meta-analysis of 253 CGE simulations in 57 empirical studies. Our study arrives at three major findings. First, we confirm that resilience significantly reduces business disruptions from disasters. Second, results using either real-world or hypothetical data tend to vary substantially by hazard type. Third, results are quite sensitive to model assumptions and modeling structure. Overall, we suggest that future impact assessments of disasters should be conducted more cautiously in terms of adopting appropriate data, models, and shock scenarios, in order to improve the validity of CGE modeling outcomes.
Journal: Economic Systems Research
Pages: 20-46
Issue: 1
Volume: 33
Year: 2021
Month: 01
X-DOI: 10.1080/09535314.2020.1780566
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1780566
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:1:p:20-46
Template-Type: ReDIF-Article 1.0
Author-Name: Pablo Moya-Martínez
Author-X-Name-First: Pablo
Author-X-Name-Last: Moya-Martínez
Author-Name: Fernando Bermejo
Author-X-Name-First: Fernando
Author-X-Name-Last: Bermejo
Author-Name: Raúl del Pozo-Rubio
Author-X-Name-First: Raúl
Author-X-Name-Last: del Pozo-Rubio
Title: Hard times for long-term care systems? Spillover effects on the Spanish economy
Abstract:
Since the end of the last century, demographic aging has led to an increased demand for new social protection services. Universalizing these to meet the needs of the most vulnerable requires the design of policies that ensure the sustainability of the system. Consequently, the economic structure of a country and its productive fabric are affected. Assessing the impact of this growing demand is not an easy task, although extended input-output models can help. With this aim, we determine the spillover effects of the demand shocks arising from the increase in public spending allocated for the implementation of the Spanish long-term care system. The results reveal that such spending proves efficient in sustaining 116,000 jobs, most of which are in social work activities, entailing a large amount of direct but low-skilled employment. In addition, 5,000 million euros are generated in value added, including a fiscal return of 1,400 million euros.
Journal: Economic Systems Research
Pages: 1-19
Issue: 1
Volume: 33
Year: 2021
Month: 1
X-DOI: 10.1080/09535314.2020.1752627
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1752627
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:1:p:1-19
Template-Type: ReDIF-Article 1.0
Author-Name: Yuwan Duan
Author-X-Name-First: Yuwan
Author-X-Name-Last: Duan
Author-Name: Ting Ji
Author-X-Name-First: Ting
Author-X-Name-Last: Ji
Author-Name: Dongzhou Mei
Author-X-Name-First: Dongzhou
Author-X-Name-Last: Mei
Title: Tariff costs embodied in product prices: a dynamic analysis from global value chain perspective
Abstract:
The present study examines a measure, the embodied tariff, which is defined as the sum of all tariffs imposed on intermediate inputs at various stages of productions. It captures the total tariff costs in products in the context of the global value chain. We estimate the embodied tariff for 44 economies and 56 sectors, decompose it by tariff source, and also decompose its temporal changes using structural decomposition analysis. The embodied tariff is more than twice the size of the traditional direct input tariff, indicating a non-negligible value chain effect. This demonstrates an overall declining pattern over time, which reflects a dominating effect of decreasing customs tariffs over increasing international production fragmentation. Since 2011, however, the decline in international production fragmentation has also decreased embodied tariffs. A country’s customs tariff is sizably translated into the embodied tariff of its own products, creating a competitive disadvantage for domestic producers.
Journal: Economic Systems Research
Pages: 88-113
Issue: 1
Volume: 33
Year: 2021
Month: 1
X-DOI: 10.1080/09535314.2020.1769562
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1769562
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:1:p:88-113
Template-Type: ReDIF-Article 1.0
Author-Name: Fidel Aroche Reyes
Author-X-Name-First: Fidel
Author-X-Name-Last: Aroche Reyes
Title: On growth regimes, structural change and input coefficients
Abstract:
The Input-Output model assumes that the technical coefficient matrix changes as an economic system develops, following either of two tendencies; one, the entries of the matrix shrink, due to increased efficiency on the production lines; two, they expand, while productivity gains concentrate in the use of factors. Further, the economic structure grows more complex, as industries become more tightly (vertically) integrated and the development process evolves. Both phenomena have seldom been analysed together, despite the apparent connections they may have with the evolution of economic structures and the development opportunities countries may face. This paper intends to examine the implications of these tendencies for the evolution of economic systems in regards to the dynamics the growth process may adopt. Two indicators are presented here useful to characterise such dynamics, later tested on the Mexican IO data.
Journal: Economic Systems Research
Pages: 114-131
Issue: 1
Volume: 33
Year: 2021
Month: 1
X-DOI: 10.1080/09535314.2020.1730769
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1730769
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:1:p:114-131
Template-Type: ReDIF-Article 1.0
Author-Name: Grant J Allan
Author-X-Name-First: Grant J
Author-X-Name-Last: Allan
Author-Name: Kevin Connolly
Author-X-Name-First: Kevin
Author-X-Name-Last: Connolly
Author-Name: Stuart G McIntyre
Author-X-Name-First: Stuart G
Author-X-Name-Last: McIntyre
Title: Developing an electricity satellite account (ELSA): an application to Scotland, UK
Abstract:
Within the system of national accounts the electricity sector is typically reported as a single entry representing generation, transmission, distribution and trade. The ways in which these components interact with the economy differ greatly, a feature lost within the standard accounting framework. In this paper we propose an Electricity Satellite Account (ELSA) approach to better understand the linkages between the electricity sector and economy, with a particular focus on generation technologies. In developing this framework, we draw parallels with Tourism Satellite Accounts (TSAs). To illustrate the practical steps in constructing ELSAs, we develop an ELSA for Scotland for 2012, and show how the ELSA framework gives an improved understanding of the economic contribution of the electricity sector, which is critical in improving the usefulness of such accounts for climate, energy, and economic policy.
Journal: Economic Systems Research
Pages: 47-66
Issue: 1
Volume: 33
Year: 2021
Month: 1
X-DOI: 10.1080/09535314.2020.1754166
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1754166
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:1:p:47-66
Template-Type: ReDIF-Article 1.0
Author-Name: Sébastien Miroudot
Author-X-Name-First: Sébastien
Author-X-Name-Last: Miroudot
Author-Name: Ming Ye
Author-X-Name-First: Ming
Author-X-Name-Last: Ye
Title: Decomposing value added in gross exports
Abstract:
Several papers using intercountry IO tables have developed frameworks to decompose value added in gross exports and to remove potential double-counting in intermediate inputs. But these papers rely on different definitions for the domestic value added, foreign value added and double-counting terms, depending in particular on the perspective from which gross exports are decomposed (world level, country level or bilateral level). At this stage, it is very difficult for any user of value-added trade statistics to know what is calculated and which type of decomposition should be used. In this paper, we provide a general framework that relies on extraction matrices to unambiguously and consistently define domestic and foreign value-added terms in the world, country and bilateral perspective. This framework allows us to classify existing decompositions based on the perspective taken and their definition of double-counting. We also indicate the most relevant decompositions for different types of trade analysis.
Journal: Economic Systems Research
Pages: 67-87
Issue: 1
Volume: 33
Year: 2021
Month: 1
X-DOI: 10.1080/09535314.2020.1730308
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1730308
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:1:p:67-87
Template-Type: ReDIF-Article 1.0
Author-Name: José Francisco Cubells
Author-X-Name-First: José Francisco
Author-X-Name-Last: Cubells
Author-Name: Maria C. Latorre
Author-X-Name-First: Maria C.
Author-X-Name-Last: Latorre
Title: Brexit deal done! A detailed micro- and macroeconomic analysis of its fallout
Abstract:
We offer a rich set of macroeconomic and sectoral effects of Brexit in France, together with macroeconomic ones for the UK, the rest of the EU and the rest of the world. We explain the intuition for the impact on production and trade across the 21 sectors that underlie our macroeconomic estimations (national imports and exports, output, GDP, welfare, wages and rental rate of capital). Our comprehensive technique captures the direct and indirect effects of Brexit on trade. Four types of withdrawal are analysed, including the finally agreed between the EU and the UK on December 2020. This will avoid tariffs, but other medium size (non-tariff) barriers will emerge. The UK, France and the rest of the EU will be harmed by Brexit, although asymmetrically. While Brexit will substantially harm the UK economy, the negative impact on France and the rest of the EU will be limited and similar.
Journal: Economic Systems Research
Pages: 171-196
Issue: 2
Volume: 33
Year: 2021
Month: 04
X-DOI: 10.1080/09535314.2021.1887089
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1887089
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:2:p:171-196
Template-Type: ReDIF-Article 1.0
Author-Name: Juan Manuel Valderas-Jaramillo
Author-X-Name-First: Juan Manuel
Author-X-Name-Last: Valderas-Jaramillo
Author-Name: José Manuel Rueda-Cantuche
Author-X-Name-First: José Manuel
Author-X-Name-Last: Rueda-Cantuche
Author-Name: Joerg Beutel
Author-X-Name-First: Joerg
Author-X-Name-Last: Beutel
Title: The Euro and SUT-RAS methods: some further considerations
Abstract:
The main objective of this paper is to revisit the Euro method in a critical and constructive way. We have analysed some arguments against the Euro method published recently in the literature as well as some other relevant aspects of the SUT-Euro and SUT-RAS methods not covered before. Although not being the Euro method perfect, we believe that there is still space for the use of the Euro method in updating/regionalizing Supply and Use tables.
Journal: Economic Systems Research
Pages: 276-286
Issue: 2
Volume: 33
Year: 2021
Month: 04
X-DOI: 10.1080/09535314.2021.1883553
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1883553
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:2:p:276-286
Template-Type: ReDIF-Article 1.0
Author-Name: Umed Temursho
Author-X-Name-First: Umed
Author-X-Name-Last: Temursho
Title: On the Euro method
Abstract:
This paper critically examines the Euro method usage for the purposes of updating supply and use tables (SUTs) and/or input–output tables. Its known restricted applicability to only unnecessarily aggregated and symmetric SUTs (and not their underlying rectangular versions) is already an issue of concern. However, by studying analytically the nature of Euro's adjustments of the SUT elements and empirically assessing some of its underlying assumptions, including newly revealed ones, it is concluded that the Euro method is a largely ad hoc updating procedure. Its recently claimed superiority over the generalized RAS approach (GRAS, or SUT-RAS) in the absence of industry output is challenged. It is shown that applying the standard GRAS with exogenously given estimates of industry outputs under such restricted data-availability environment still outperforms the Euro method.
Journal: Economic Systems Research
Pages: 250-275
Issue: 2
Volume: 33
Year: 2021
Month: 04
X-DOI: 10.1080/09535314.2020.1772727
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1772727
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:2:p:250-275
Template-Type: ReDIF-Article 1.0
Author-Name: Clio Ciaschini
Author-X-Name-First: Clio
Author-X-Name-Last: Ciaschini
Author-Name: Francesco Maria Chelli
Author-X-Name-First: Francesco Maria
Author-X-Name-Last: Chelli
Title: Evaluating the impact of violence against women in the macroeconomic Input–Output framework
Abstract:
Violence against women and girls (VAW&G) has progressively become an emergency issue in many European countries and a relevant topic of public discussion. In this paper, we attempt to insert this theme within a model for macroeconomic policy design and evaluation. Special attention is devoted to the assessment of distortions in the allocation of public expenditure generated by VAW&G, in terms of gains and losses in aggregate total output. We adopt a macroeconomic input–output approach by adding to the framework an industry that produces care services to victims of VAW&G. The resulting model is integrated with the public expenditure reallocations that emerge as a result of the progressive elimination of violence. It is, thus, a simulation tool for determining total output gains or losses that emerge from the reallocation of public expenditures as VAW&G fades.
Journal: Economic Systems Research
Pages: 214-249
Issue: 2
Volume: 33
Year: 2021
Month: 04
X-DOI: 10.1080/09535314.2020.1790505
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1790505
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:2:p:214-249
Template-Type: ReDIF-Article 1.0
Author-Name: Wei-Hong Hong
Author-X-Name-First: Wei-Hong
Author-X-Name-Last: Hong
Author-Name: Hui-Chih Chai
Author-X-Name-First: Hui-Chih
Author-X-Name-Last: Chai
Author-Name: Y.-H. Henry Chen
Author-X-Name-First: Y.-H. Henry
Author-X-Name-Last: Chen
Author-Name: John M. Reilly
Author-X-Name-First: John M.
Author-X-Name-Last: Reilly
Author-Name: Sergey Paltsev
Author-X-Name-First: Sergey
Author-X-Name-Last: Paltsev
Title: Will using newer input–output data for general equilibrium modeling provide a better estimate for the CO2 mitigation cost?
Abstract:
We provide a critical evaluation about how updating the input–output data of a computable generation equilibrium model can affect policy results, an assessment that is rarely done in existing literature. Specifically, we explore how datasets with different fossil energy cost shares alter results of policy simulations that aim at reducing CO2 emissions. We prove analytically that a sudden fossil fuel price surge, which provides little time for adjustment through input substitution, can lead to a higher CO2 mitigation cost. The finding is demonstrated empirically in a full-scale economy-wide model for a base year with lower fossil fuel prices, contrasted with results from a base year when fossil fuel prices spiked. We then propose an adjustment to resolve the issues of using input–output data that embed abrupt fossil fuel price hikes.
Journal: Economic Systems Research
Pages: 157-170
Issue: 2
Volume: 33
Year: 2021
Month: 04
X-DOI: 10.1080/09535314.2020.1784098
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1784098
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:2:p:157-170
Template-Type: ReDIF-Article 1.0
Author-Name: Alfredo J. Mainar-Causapé
Author-X-Name-First: Alfredo J.
Author-X-Name-Last: Mainar-Causapé
Author-Name: George Philippidis
Author-X-Name-First: George
Author-X-Name-Last: Philippidis
Author-Name: Ana I. Sanjuán-López
Author-X-Name-First: Ana I.
Author-X-Name-Last: Sanjuán-López
Title: Constructing an open access economy-wide database for bioeconomy impact assessment in the European Union member states
Abstract:
The bioeconomy encompasses the extraction, processing and transformation of renewable biological resources and waste streams, connected to activities as diverse as food, feed, energy and manufacturing. Under the auspices of the European Union’s ‘Green Deal' strategy, this broad collective of sectors is promoted as a cornerstone for achieving sustainable growth. Progress in developing ex-ante tools of economy-wide modelling analysis to assess its performance is, however, hindered by a paucity of consistent and comprehensive data. To overcome this shortcoming, the construction steps for a new set of open access social accounting matrices (dubbed ‘BioSAMs’) is described for a detailed and comprehensive selection of traditional and contemporary bio-based accounts for each of the EU member states. To illustrate its potential, a structural analysis based on three different and complementary methods (Rasmussen-Jones, hypothetical extraction method and eigenvector) is performed to classify bio-based sector wealth generating properties and to identify high performance (‘key') sectors.
Journal: Economic Systems Research
Pages: 133-156
Issue: 2
Volume: 33
Year: 2021
Month: 04
X-DOI: 10.1080/09535314.2020.1785848
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1785848
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:2:p:133-156
Template-Type: ReDIF-Article 1.0
Author-Name: Terciane Sabadini Carvalho
Author-X-Name-First: Terciane Sabadini
Author-X-Name-Last: Carvalho
Author-Name: Flaviane Souza Santiago
Author-X-Name-First: Flaviane Souza
Author-X-Name-Last: Santiago
Author-Name: Fernando Salgueiro Perobelli
Author-X-Name-First: Fernando Salgueiro
Author-X-Name-Last: Perobelli
Title: Demographic change in Brazil and its impacts on CO2 emissions
Abstract:
In recent years, the debate about demographic changes and its impacts on the economy has increased. The growth in the relative share of elderly people in the age pyramid may occur in the coming decades in many parts of the world, and their effects on the composition of consumption, notably on energy demand and emissions, are not yet known. This article estimates the changes in the pattern of consumption in Brazil due to the changes projected in the age pyramid in 2050 and the consequences of these changes on CO2 emissions. For this, projections will be made using an input–output model for the Brazilian economy for the year 2010 considering 67 productive sectors and six age groups. The results suggest that emissions grow less than proportionally to population growth and that the participation of sectors such as fuels and transport shows a small decrease in the consumption vector for 2050.
Journal: Economic Systems Research
Pages: 197-213
Issue: 2
Volume: 33
Year: 2021
Month: 04
X-DOI: 10.1080/09535314.2020.1783210
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1783210
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:2:p:197-213
Template-Type: ReDIF-Article 1.0
Author-Name: Zhenguo Wang
Author-X-Name-First: Zhenguo
Author-X-Name-Last: Wang
Author-Name: Yabin Zhang
Author-X-Name-First: Yabin
Author-X-Name-Last: Zhang
Author-Name: Meng Niu
Author-X-Name-First: Meng
Author-X-Name-Last: Niu
Author-Name: Zijie Fan
Author-X-Name-First: Zijie
Author-X-Name-Last: Fan
Title: How important is domestic and foreign demand for China’s income growth by business function?
Abstract:
This paper explores the contribution of domestic and foreign demand to China’s income growth by business function. To this end, we extend a single country input–output approach to a global multi-country setting, and further redefine the measure via forward linkages. We also propose chaining structural decomposition analysis to identify the role of domestic and foreign demand in functional income changes over 1999–2011. Using the World Input–Output Database combined with Labor Occupations Database, we distinguish functional activities in production, management, marketing and R&D. This enables us to find that domestic and foreign final demands, especially the former, jointly lead to China’s income growth by business function. Dynamically, the generally upward trends in China’s income hold in the aggregate as well as by industry and business function. We also find that China’s income growth is quite heterogeneous across industries and business functions.
Journal: Economic Systems Research
Pages: 316-335
Issue: 3
Volume: 33
Year: 2021
Month: 07
X-DOI: 10.1080/09535314.2020.1792417
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1792417
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:3:p:316-335
Template-Type: ReDIF-Article 1.0
Author-Name: Carlos Llano
Author-X-Name-First: Carlos
Author-X-Name-Last: Llano
Author-Name: Julián Pérez
Author-X-Name-First: Julián
Author-X-Name-Last: Pérez
Author-Name: Fatima El Khatabi
Author-X-Name-First: Fatima
Author-X-Name-Last: El Khatabi
Author-Name: Federico Steinberg
Author-X-Name-First: Federico
Author-X-Name-Last: Steinberg
Title: Weaponized trade policy: the impact of US tariffs on the European automobile sector
Abstract:
With trade tensions running high, the Trump Administration is considering new tariffs on imported automobiles, and the main target would be the European Union, traditionally America’s closest ally. In this paper we combine disaggregated models to estimate the impact of these tariffs worldwide, and especially on Spain. First, a trade-policy simulation model computes the potential effects worldwide. Then we plug these into the World Input–Output Database, obtaining the inter-sectoral effects of the tariffs on Europe and the rest of the world. Finally, we insert these results into the Spanish inter-regional Input–Output Tables, obtaining final effects for Spanish regions via their inter-sectoral relations with the European Union and the rest of the world. By our calculation, the new US auto tariffs could end up destroying 10,400 jobs in Spain alone and 567,000 jobs worldwide. Moreover, they might have unexpected consequences, affecting, Spanish regions and sectors that just indirectly depend on the automobile industry.
Journal: Economic Systems Research
Pages: 287-315
Issue: 3
Volume: 33
Year: 2021
Month: 07
X-DOI: 10.1080/09535314.2020.1804330
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1804330
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:3:p:287-315
Template-Type: ReDIF-Article 1.0
Author-Name: Łukasz Lach
Author-X-Name-First: Łukasz
Author-X-Name-Last: Lach
Title: On the plausibility of using linear programming to trace important input–output coefficients in the framework of tolerable limits
Abstract:
Recent input–output (IO) literature offers original proposals on using linear programming (LP) to make ‘tolerable limits’ approach suitable for measuring the importance of IO coefficients to an economy. In this paper, I focus on one of such influential proposals presented in Tarancón et al. [(2008). A revision of the tolerable limits approach: searching for the important coefficients. Economic Systems Research, 20, 75–95]. In the theoretical part of this paper, I provide exact analytical solutions to the LP problems formulated in Tarancón et al. The main result proves that the classification of IO coefficients with respect to their importance in the sense of the LP-based indicators of Tarancón et al. does not depend on the benchmark welfare measure of interest. This fact, in turn, severely reduces practical applicability of the discussed LP-based approach to tracing important IO coefficients.
Journal: Economic Systems Research
Pages: 417-426
Issue: 3
Volume: 33
Year: 2021
Month: 07
X-DOI: 10.1080/09535314.2021.1919603
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1919603
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:3:p:417-426
Template-Type: ReDIF-Article 1.0
Author-Name: Masako Tsujimura
Author-X-Name-First: Masako
Author-X-Name-Last: Tsujimura
Author-Name: Kazusuke Tsujimura
Author-X-Name-First: Kazusuke
Author-X-Name-Last: Tsujimura
Title: Flow-of-funds structure of the U.S. economy 2001–2018
Abstract:
Great inventions and substantial productivity growth of the Roaring Twenties brought unprecedented prosperity to the United States. After Black Thursday in the fall of 1929 however, the U.S. economic landscape changed dramatically. To ensure that the bitter experience of the Great Depression does not recur, Wesley Mitchell and Morris Copeland, the architects of flow-of-funds analysis, urged a better understanding of the circulation of funds, the means of payment. The new century has so far brought us many technological innovations and new ways of doing business. The objective of the paper is to find out if and how well the funds have been flowing in the U.S. economy over the past two decades, using the flow-of-funds matrix (payer-payee matrix) proposed by Tsujimura and Tsujimura ([2018]. A flow of funds analysis of the U.S. quantitative easing. Economic Systems Research, 30(2), 137–177. https://doi.org/10.1080/09535314.2018.1443908). The industrial revolution of the new century does not seem to have enough momentum circulating funds, the lifeblood of the economy.
Journal: Economic Systems Research
Pages: 385-416
Issue: 3
Volume: 33
Year: 2021
Month: 07
X-DOI: 10.1080/09535314.2020.1795629
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1795629
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:3:p:385-416
Template-Type: ReDIF-Article 1.0
Author-Name: Juan F. Fung
Author-X-Name-First: Juan F.
Author-X-Name-Last: Fung
Author-Name: Jennifer F. Helgeson
Author-X-Name-First: Jennifer F.
Author-X-Name-Last: Helgeson
Author-Name: David H. Webb
Author-X-Name-First: David H.
Author-X-Name-Last: Webb
Author-Name: Cheyney M. O'Fallon
Author-X-Name-First: Cheyney M.
Author-X-Name-Last: O'Fallon
Author-Name: Harvey Cutler
Author-X-Name-First: Harvey
Author-X-Name-Last: Cutler
Title: Does resilience yield dividends? Co-benefits of investing in increased resilience in Cedar Rapids
Abstract:
Cedar Rapids, IA, offers a unique case study in planning for increased resilience. In 2008, Cedar Rapids experienced severe flooding. Rather than simply rebuilding, the city of Cedar Rapids began to invest in a resilient flood control system and in the revitalization of its Downtown neighborhood. This paper develops a Computable General Equilibrium (CGE) model for the regional economy of Cedar Rapids to quantify ‘resilience dividends’: net co-benefits of investing in increased resilience. A resilience dividend includes benefits to the community even if another disaster does not occur. We build a CGE model of Cedar Rapids at two different time periods: one in 2007, before the flooding, and one in 2015, after the flooding and initial investment in resilience. We show that a positive economic shock to the economy results in larger co-benefits for key economic indicators in 2015 than in 2007. Our approach illustrates how co-benefits are distributed throughout the economy.
Journal: Economic Systems Research
Pages: 336-362
Issue: 3
Volume: 33
Year: 2021
Month: 07
X-DOI: 10.1080/09535314.2020.1798359
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1798359
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:3:p:336-362
Template-Type: ReDIF-Article 1.0
Author-Name: Wilfried Parys
Author-X-Name-First: Wilfried
Author-X-Name-Last: Parys
Title: David Hawkins and the making of the Hawkins-Simon conditions
Abstract:
The Hawkins-Simon conditions, which are necessary and sufficient for the viability of input–output systems, are described in many encyclopedias, textbooks and papers, but always without historical details about the philosopher David Hawkins. The rich literature on the history of input–output economics has neglected Hawkins, probably because he spent only a few years among the economists. My paper fills this gap. By using the relevant archival material on Hawkins, Simon, and Leontief, I correct and expand some scarce remarks on Hawkins by Simon and Samuelson. I discuss Hawkins’s three remarkable contributions to economics. First, Hawkins’s dynamic input–output model in Econometrica in 1948 scooped Leontief. Second, I show how the correspondence between Hawkins and Simon created their famous joint note in Econometrica in 1949. Third, an overlooked chapter in Hawkins’s 1964 book The Language of Nature discussed the commodity values of commodities, generalizing Marx’s labour values and the Technocrats's energy values.
Journal: Economic Systems Research
Pages: 363-384
Issue: 3
Volume: 33
Year: 2021
Month: 07
X-DOI: 10.1080/09535314.2020.1794799
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1794799
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:3:p:363-384
Template-Type: ReDIF-Article 1.0
Author-Name: The Editors
Title: A GRAS variant solving for minimum information loss: An erratum
Journal: Economic Systems Research
Pages: 427-427
Issue: 3
Volume: 33
Year: 2021
Month: 07
X-DOI: 10.1080/09535314.2021.1897780
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1897780
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:3:p:427-427
Template-Type: ReDIF-Article 1.0
Author-Name: Bartlomiej Rokicki
Author-X-Name-First: Bartlomiej
Author-X-Name-Last: Rokicki
Author-Name: Oliver Fritz
Author-X-Name-First: Oliver
Author-X-Name-Last: Fritz
Author-Name: Jonathan M. Horridge
Author-X-Name-First: Jonathan M.
Author-X-Name-Last: Horridge
Author-Name: Geoffrey J. D. Hewings
Author-X-Name-First: Geoffrey J. D.
Author-X-Name-Last: Hewings
Title: Survey-based versus algorithm-based multi-regional input–output tables within the CGE framework – the case of Austria
Abstract:
Spatial CGE models rely on detailed multiregional input–output (MRIO) tables. This paper compares two different approaches to compiling MRIO tables for Austria – an algorithm-based approach that regionalizes national input–output tables (IOT) and generates trade estimates using a predefined set of regional variables (i.e. Horridge’s algorithm), and a hybrid approach that uses as much regional and interregional data as possible. We investigate whether we observe differences in CGE simulation results that use them. Results from an aggregate simulation are surprisingly similar. So the algorithmic approach is, in fact, effective in making an MRIO from a national IOT. But noticeable differences appear at the sectoral level. They seem mainly due to differences in calibration rather than in regionalization.
Journal: Economic Systems Research
Pages: 470-491
Issue: 4
Volume: 33
Year: 2021
Month: 10
X-DOI: 10.1080/09535314.2020.1839385
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1839385
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:4:p:470-491
Template-Type: ReDIF-Article 1.0
Author-Name: Jorge A. Garcia-Hernandez
Author-X-Name-First: Jorge A.
Author-X-Name-Last: Garcia-Hernandez
Author-Name: Roy Brouwer
Author-X-Name-First: Roy
Author-X-Name-Last: Brouwer
Title: A multiregional input–output optimization model to assess impacts of water supply disruptions under climate change on the Great Lakes economy
Abstract:
This paper presents a water-restricted multi-regional input–output model to evaluate the economic impacts of water supply reductions in the Canadian Great Lakes Basin (GLB), one of the largest freshwater reservoirs in the world. The proposed model, first of its kind applied to the GLB, aims to minimize the impact of water supply disruptions on the GLB-economy, measured by the loss of GDP. A new flexible economic optimization procedure is introduced, capable of imposing resource constraints and ensuring minimal supply levels for intermediate and final consumption at the same time. The model accounts for inter-regional trade between different lake regions. The impacts of two climate change scenarios on water security and the economy are investigated, with and without additional food and energy security restrictions. The proposed economic optimization model holds promise as a new tool for resource-restricted Input–Output analyses.
Journal: Economic Systems Research
Pages: 509-535
Issue: 4
Volume: 33
Year: 2021
Month: 10
X-DOI: 10.1080/09535314.2020.1805414
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1805414
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:4:p:509-535
Template-Type: ReDIF-Article 1.0
Author-Name: Tobias Emonts-Holley
Author-X-Name-First: Tobias
Author-X-Name-Last: Emonts-Holley
Author-Name: Andrew Ross
Author-X-Name-First: Andrew
Author-X-Name-Last: Ross
Author-Name: Kim Swales
Author-X-Name-First: Kim
Author-X-Name-Last: Swales
Title: Estimating induced effects in IO impact analysis: variation in the methods for calculating the Type II Leontief multipliers
Abstract:
Type II input–output (IO) multipliers are frequently used for impact analysis. Unfortunately, there is no standard way to calculate these. The fundamental issue is that these multiplier methods endogenise household consumption but all have drawbacks because the IO accounts are missing key information required to consistently link household income and consumption to domestic economic activity. Using compatible regional and national data sets, we evaluate the values for various IO Type II multipliers to a benchmark value calculated with the aid of social accounting matrix data. The results suggest that the variation in Type II IO multiplier values generated by these alternative methods is an empirically non-trivial issue.
Journal: Economic Systems Research
Pages: 429-445
Issue: 4
Volume: 33
Year: 2021
Month: 10
X-DOI: 10.1080/09535314.2020.1837741
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1837741
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:4:p:429-445
Template-Type: ReDIF-Article 1.0
Author-Name: Cristian Mardones
Author-X-Name-First: Cristian
Author-X-Name-Last: Mardones
Author-Name: Claudio Brevis
Author-X-Name-First: Claudio
Author-X-Name-Last: Brevis
Title: Constructing a SAMEA to analyze energy and environmental policies in Chile
Abstract:
In this study, a social accounting matrix with environmental accounts (SAMEA) for Chile is built based on the 2016 input-output tables, socioeconomic household survey, expenditure survey, among other information sources. The SAMEA has high disaggregation of the electricity sector that is not currently available in national accounts. Complementary information on the operating costs of different electricity subsectors (thermoelectric, solar, wind, hydro, and biomass) from national and international studies are obtained. Then, intersectoral indicators, accounting multipliers, and simulations of shocks (subsidy on the non-conventional renewable energy subsectors and environmental taxes) are calculated. The main findings of the study show that each electricity subsector has different production technology and emission intensity. In consequence, energy and environmental policies simulated with intersectoral models that do not disaggregate the electricity sector would produce significant biases in the results.
Journal: Economic Systems Research
Pages: 576-602
Issue: 4
Volume: 33
Year: 2021
Month: 10
X-DOI: 10.1080/09535314.2020.1839386
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1839386
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:4:p:576-602
Template-Type: ReDIF-Article 1.0
Author-Name: Andrea Bonfiglio
Author-X-Name-First: Andrea
Author-X-Name-Last: Bonfiglio
Author-Name: Silvia Coderoni
Author-X-Name-First: Silvia
Author-X-Name-Last: Coderoni
Author-Name: Roberto Esposti
Author-X-Name-First: Roberto
Author-X-Name-Last: Esposti
Author-Name: Edoardo Baldoni
Author-X-Name-First: Edoardo
Author-X-Name-Last: Baldoni
Title: The role of rurality in determining the economy-wide impacts of a natural disaster
Abstract:
Rural areas may be highly vulnerable to natural disasters because of their lower economic diversification and a higher incidence of sectors that may suffer from a larger impact produced by these adverse events. In addition, because of their trade dependence, local effects can be transmitted to neighbouring regions more diffusely so amplifying total impacts. This paper aims to quantify the economy-wide impacts generated by the earthquake sequence that mostly hit a markedly rural area of Central Italy in 2016–2017. To this purpose, a non-linear programming model based on a multi-regional IO table with a mixed territorial scale is adopted. Results indicate that some negative effects are transmitted outside the seismic area and a few positive effects are also produced. Moreover, they confirm that rural areas are more vulnerable to disasters and that the effects of disasters in these areas are more likely to be transmitted to the neighbouring space.
Journal: Economic Systems Research
Pages: 446-469
Issue: 4
Volume: 33
Year: 2021
Month: 10
X-DOI: 10.1080/09535314.2020.1814206
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1814206
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:4:p:446-469
Template-Type: ReDIF-Article 1.0
Author-Name: José Firmino de Sousa Filho
Author-X-Name-First: José Firmino de
Author-X-Name-Last: Sousa Filho
Author-Name: Gervásio Ferreira dos Santos
Author-X-Name-First: Gervásio Ferreira dos
Author-X-Name-Last: Santos
Author-Name: Luiz Carlos de Santana Ribeiro
Author-X-Name-First: Luiz Carlos
Author-X-Name-Last: de Santana Ribeiro
Title: Structural changes in the Brazilian economy 1990–2015
Abstract:
This paper analyses the structural changes in the Brazilian economy from 1990 to 2015 by applying structural decomposition analysis (SDA). The production structure of emerging economies is an important field of research because it enables the assessment of sectoral policies and technological progress to support sustained economic growth in the long-term. The investigation described here was conducted using input–output matrices for a short and long-term analysis which enabled us to verify the importance of twelve aggregate sectors regarding changes in production, final demand and technological coefficients. This topic could be used for such analyses in any other country. The results indicate that the production structure of Brazilian economy remains fragile and dependent on demand shocks for its growth. Furthermore, manufacturing industry remains the major sector capable of promoting structural changes in production.
Journal: Economic Systems Research
Pages: 555-575
Issue: 4
Volume: 33
Year: 2021
Month: 10
X-DOI: 10.1080/09535314.2020.1802234
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1802234
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:4:p:555-575
Template-Type: ReDIF-Article 1.0
Author-Name: Ángela García-Alaminos
Author-X-Name-First: Ángela
Author-X-Name-Last: García-Alaminos
Author-Name: Mateo Ortiz
Author-X-Name-First: Mateo
Author-X-Name-Last: Ortiz
Author-Name: Guadalupe Arce
Author-X-Name-First: Guadalupe
Author-X-Name-Last: Arce
Author-Name: Jorge Zafrilla
Author-X-Name-First: Jorge
Author-X-Name-Last: Zafrilla
Title: Reassembling social defragmented responsibilities: the indecent labour footprint of US multinationals overseas
Abstract:
Multinational corporations (MNEs) have been at the forefront of the geographical disintegration of production chains in search of lower salaries, among other reasons, which led to a global race to the bottom in labour standards. Therefore, significant amounts of indecent work are currently embodied in MNEs’ global value chains, compromising not only the brands’ corporative image but also the achievement of the Sustainable Development Goals. In this work, we shed light on this matter by estimating the indecent-work-conditions related impacts linked to the foreign activities of MNEs from the United States. Using a socially extended MRIO model that integrates three social indicators (forced labour, fatal and nonfatal occupational injuries), we found that these activities show increasing trends between 2009 and 2013 on indecent labour, contributing with 1.1%–1.3% of the global cases. United States affiliates located in India, China and Brazil, show the highest ratios per unit of value-added.
Journal: Economic Systems Research
Pages: 536-554
Issue: 4
Volume: 33
Year: 2021
Month: 10
X-DOI: 10.1080/09535314.2020.1827224
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1827224
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:4:p:536-554
Template-Type: ReDIF-Article 1.0
Author-Name: Maria Llop
Author-X-Name-First: Maria
Author-X-Name-Last: Llop
Title: Defining prices in an inter-regional SAM system
Abstract:
The literature of inter-regional social accounting matrices (SAM) focuses on quantity-oriented models that determine the transmission of income impacts. This paper develops a price version to identify the channels of price transmission at the inter-regional (or inter-country) level. The method proposed divides the total multiplier effects into intra-regional price multipliers (i.e. the cost impacts within a region), open loop inter-regional price multipliers (i.e. the cost impacts from one region on another by quantifying all the within-region impacts), and closed loop inter-regional price multipliers (i.e. the circular cost impacts transiting through the accounts in the other region and returning to the starting region). In addition, the intra-regional multipliers are divided into the intra-account, the inter-account and the cross-account (circular) effects. The empirical application, which uses a bi-regional SAM that distinguishes the United States (USA) and China (CHN), highlights the importance of the within-region interdependences for explaining price impacts.
Journal: Economic Systems Research
Pages: 492-508
Issue: 4
Volume: 33
Year: 2021
Month: 10
X-DOI: 10.1080/09535314.2020.1804331
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1804331
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Handle: RePEc:taf:ecsysr:v:33:y:2021:i:4:p:492-508
Template-Type: ReDIF-Article 1.0
Author-Name: Óscar Dejuán
Author-X-Name-First: Óscar
Author-X-Name-Last: Dejuán
Author-Name: Ferran Portella-Carbó
Author-X-Name-First: Ferran
Author-X-Name-Last: Portella-Carbó
Author-Name: Mateo Ortiz
Author-X-Name-First: Mateo
Author-X-Name-Last: Ortiz
Title: Economic and environmental impacts of decarbonisation through a hybrid MRIO multiplier-accelerator model
Abstract:
This paper analyses the impacts of decarbonisation in three energy-intensive sectors/institutions (electricity generation, road transport, and household consumption) on four economic and environmental variables (value added, employment, energy consumption, and emissions). In our basic scenario, the EU is supposed to complete the decarbonisation of the selected sectors in 30 years, whereas in the rest of the world these sectors will be 30% decarbonised. We hypothesise that emissions and employment will fall once renewable sources of energy replace fossil fuels. Yet, in the meanwhile, massive investments are needed to build the required infrastructure. To compute the full impact, we apply a multiplier-accelerator model to a global multiregional hybrid input–output table derived from EXIOBASE3. In the EU, such a decarbonisation reduces yearly energy consumption, CO2 emissions, and employment by 22%, 19%, and 4%, respectively. Thus, additional measures are necessary to avoid global warming and absorb unemployment.
Journal: Economic Systems Research
Pages: 1-21
Issue: 1
Volume: 34
Year: 2022
Month: 01
X-DOI: 10.1080/09535314.2020.1848808
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1848808
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:1:p:1-21
Template-Type: ReDIF-Article 1.0
Author-Name: Ana-Isabel Guerra
Author-X-Name-First: Ana-Isabel
Author-X-Name-Last: Guerra
Author-Name: Laura Varela-Candamio
Author-X-Name-First: Laura
Author-X-Name-Last: Varela-Candamio
Author-Name: Jesús López-Rodríguez
Author-X-Name-First: Jesús
Author-X-Name-Last: López-Rodríguez
Title: Tax reforms in Spain: efficiency levels and distributional patterns
Abstract:
This paper approximates the efficiency levels of the most relevant tax categories and their distributional patterns for a European country considering Spain as an illustrative example. This is done computing the ‘marginal’ excess burden of these taxes, taking into account the structure of the Spanish tax system before and after the major tax reforms undertaken since 2010. In doing so we use a static applied general equilibrium model, which features heterogeneous households classified according to their taxable income. In addition, and in identical terms, another alternative tax reform is evaluated: a flat value-added tax system and a reduction in employers’ social security contributions. Our results indicate that the alternative tax reform would have slightly improved the degree of efficiency of these taxes while implying a lower negative impact on aggregate income. Regarding distributive effects, we do not find significant differences between the actual and the alternative tax policies.
Journal: Economic Systems Research
Pages: 41-68
Issue: 1
Volume: 34
Year: 2022
Month: 01
X-DOI: 10.1080/09535314.2020.1848806
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1848806
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:1:p:41-68
Template-Type: ReDIF-Article 1.0
Author-Name: Sabina Szymczak
Author-X-Name-First: Sabina
Author-X-Name-Last: Szymczak
Author-Name: Joanna Wolszczak-Derlacz
Author-X-Name-First: Joanna
Author-X-Name-Last: Wolszczak-Derlacz
Title: Global value chains and labour markets – simultaneous analysis of wages and employment
Abstract:
This study examines the overall effect of global value chains (GVCs) on wages and labour demand. It exploits the World Input–Output Database to measure GVC involvement via recently developed participation indices (using both backward and forward linkages) and the relative GVC position using three-stage least squares regression. We find that the relative GVC position is negatively correlated with wages and employment and that the GVC participation effect depends on whether backward or forward linkages are considered. Moreover, we find heterogeneity across both countries (middle- vs high-income) and sectors (manufacturing versus services). Notably, the effect of GVC involvement on the labour market differs from that produced by traditional domestic trade.
Journal: Economic Systems Research
Pages: 69-96
Issue: 1
Volume: 34
Year: 2022
Month: 01
X-DOI: 10.1080/09535314.2021.1982678
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1982678
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:1:p:69-96
Template-Type: ReDIF-Article 1.0
Author-Name: Ignacio Cazcarro
Author-X-Name-First: Ignacio
Author-X-Name-Last: Cazcarro
Author-Name: Antonio F. Amores
Author-X-Name-First: Antonio F.
Author-X-Name-Last: Amores
Author-Name: Inaki Arto
Author-X-Name-First: Inaki
Author-X-Name-Last: Arto
Author-Name: Kurt Kratena
Author-X-Name-First: Kurt
Author-X-Name-Last: Kratena
Title: Linking multisectoral economic models and consumption surveys for the European Union
Abstract:
Multisectoral models usually have a single representative household. However, more diversity of household types is needed to analyse the effects of multiple phenomena (i.e. ageing, gender inequality, distributional income impact, etc.). Household consumption surveys’ microdata is a rich data source for these types of analysis. However, feeding multisectoral models with this type of information is not simple and recent studies show how even slightly inaccurate procedures might result in significantly biased results. This paper presents the full procedure for feeding household consumption microdata into macroeconomic models and for the first time provides in a systematic way an estimation of the bridge matrices needed to link European Union Household Budget Surveys’ microdata with the most popular multi-regional input–output frameworks (e.g. Eurostat, WIOD, EORA, OECD).
Journal: Economic Systems Research
Pages: 22-40
Issue: 1
Volume: 34
Year: 2022
Month: 01
X-DOI: 10.1080/09535314.2020.1856044
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1856044
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:1:p:22-40
Template-Type: ReDIF-Article 1.0
Author-Name: Radomír Mach
Author-X-Name-First: Radomír
Author-X-Name-Last: Mach
Author-Name: Milan Ščasný
Author-X-Name-First: Milan
Author-X-Name-Last: Ščasný
Author-Name: Jan Weinzettel
Author-X-Name-First: Jan
Author-X-Name-Last: Weinzettel
Title: The role of allocation of retail trade margins across household segments on their carbon footprint calculation
Abstract:
The homogeneity assumption, inherent to input–output (IO) analysis, implies that every euro spent within one product group is assigned the same environmental burden. We address this assumption applied to price conversion of household expenditures from purchasers’ to basic prices when the carbon footprint of consumption is calculated for specific household segments by linking the IO table and micro-level household consumption data. We perform a sensitivity analysis of the different allocations of the retail trade margin of two consumption groups (Food and Goods) across household expenditure deciles. While a differently allocated retail trade margin influences the carbon footprint of household segments, it does not challenge the general finding that households with higher expenditures are responsible for higher footprints. This finding holds also for different emission intensities of retail trade margins.
Journal: Economic Systems Research
Pages: 97-110
Issue: 1
Volume: 34
Year: 2022
Month: 01
X-DOI: 10.1080/09535314.2020.1855418
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1855418
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:1:p:97-110
Template-Type: ReDIF-Article 1.0
Author-Name: Shohei Tokito
Author-X-Name-First: Shohei
Author-X-Name-Last: Tokito
Author-Name: Shigemi Kagawa
Author-X-Name-First: Shigemi
Author-X-Name-Last: Kagawa
Author-Name: Tesshu Hanaka
Author-X-Name-First: Tesshu
Author-X-Name-Last: Hanaka
Title: Hypothetical extraction, betweenness centrality, and supply chain complexity
Abstract:
Two frameworks, hypothetical extraction and betweenness centrality analysis, can be used to identify environmentally important sectors in complex supply chains. This study derives an analytic expression for the relationship between hypothetical extraction and betweenness centrality analysis. Second, using the Eora and WIOD, this study analyzes the degree of difference in ‘important’ sectors identified by hypothetical extraction and betweenness centrality analysis. While the results obtained by rank correlation yield similarities, both methods have advantages. This study demonstrates that estimating betweenness centrality is meaningful and less computationally expensive, and can help us to understand the structural positions in the global supply chain network. The hypothetical extraction indicators can be easily computed using the betweenness centrality indicators’ mathematical relationship. We conclude that the implementation of effective CO2-reduction polices through greener global supply chain engagement center around two key sectors, chemical and metal products from China, and their higher betweenness centrality should be strengthened.
Journal: Economic Systems Research
Pages: 111-128
Issue: 1
Volume: 34
Year: 2022
Month: 01
X-DOI: 10.1080/09535314.2020.1848807
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1848807
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:1:p:111-128
Template-Type: ReDIF-Article 1.0
Author-Name: Tesshu Hanaka
Author-X-Name-First: Tesshu
Author-X-Name-Last: Hanaka
Author-Name: Keiichiro Kanemoto
Author-X-Name-First: Keiichiro
Author-X-Name-Last: Kanemoto
Author-Name: Shigemi Kagawa
Author-X-Name-First: Shigemi
Author-X-Name-Last: Kagawa
Title: Multi-perspective structural analysis of supply chain networks
Abstract:
Determining the structural positions and characteristics of multi-role sectors is critical for understanding supply chain networks. Thus, in this study, we developed an attribution analysis framework to assess the structure of sectors with multiple roles in a supply chain. Subsequently, we applied the framework in a case study, where the top-ranking Japanese sectors were identified for production-oriented, betweenness-oriented, and consumption-oriented carbon dioxide emission scores. Additionally, these attribution indicators were utilized to identify/visualize the structural positions of sectors. Using company-level data, we also evaluated the structural positions of Japanese companies in relation to their carbon disclosure project (CDP) reporting practices. The results demonstrate that a company's role in the supply chain is unlikely to be related to CDP reporting.
Journal: Economic Systems Research
Pages: 199-214
Issue: 2
Volume: 34
Year: 2022
Month: 04
X-DOI: 10.1080/09535314.2021.1883552
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1883552
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:2:p:199-214
Template-Type: ReDIF-Article 1.0
Author-Name: Bernhard Michel
Author-X-Name-First: Bernhard
Author-X-Name-Last: Michel
Author-Name: Caroline Hambÿe
Author-X-Name-First: Caroline
Author-X-Name-Last: Hambÿe
Title: Export-sustained employment: accounting for exporter-heterogeneity in input–output tables
Abstract:
Exports matter for domestic employment in both export-producing firms and upstream suppliers. Their total effect can be captured through an input–output-based indicator of export-sustained employment. However, as industry classifications used in regular input–output tables are based on product similarity, they fail to account for within-industry technological heterogeneity between exporters and other firms, which may lead to a bias in results for export-sustained employment. In this paper, we describe the breakdown of manufacturing industries into export-oriented and domestic-oriented firms in Belgian input–output tables and employment data based on detailed firm-level data for industry totals and input–output structures. Based on the resulting export-heterogeneous tables, we find that 585,000 jobs or 13% of economy-wide employment in Belgium is sustained by manufacturing exports. This is overestimated by 4% with regular tables. Moreover, we identify who contributes to and who gains from exports for groups of firms rather than aggregated industries.
Journal: Economic Systems Research
Pages: 215-233
Issue: 2
Volume: 34
Year: 2022
Month: 04
X-DOI: 10.1080/09535314.2020.1869701
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1869701
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:2:p:215-233
Template-Type: ReDIF-Article 1.0
Author-Name: Claudia V. Montanía
Author-X-Name-First: Claudia V.
Author-X-Name-Last: Montanía
Author-Name: Sandy Dall’erba
Author-X-Name-First: Sandy
Author-X-Name-Last: Dall’erba
Title: Multi-dynamic interregional input-output shift-share: model, theory and application
Abstract:
Shift-share decomposition has been extensively used to identify the key drivers of sectoral and regional economic growth. Traditionally, shift-share does not pay attention to any form of interregional externalities and the rare exceptions define them based on geographical proximity only. However, given the increasing role of global value chains in economic growth, this paper introduces the Multi-dynamic interregional input-output shift-share decomposition in order to capture the dynamic intersectoral relationships between a spatial unit and any other unit it trades with. The methodology is illustrated on 35 productive sectors of 15 European Union countries over 1995–2006. The results show that the most important driver of output growth in these countries are their sectoral linkages with other European countries, followed by the domestic sectoral linkages.
Journal: Economic Systems Research
Pages: 234-251
Issue: 2
Volume: 34
Year: 2022
Month: 04
X-DOI: 10.1080/09535314.2020.1867078
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1867078
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:2:p:234-251
Template-Type: ReDIF-Article 1.0
Author-Name: Julio Sánchez Chóliz
Author-X-Name-First: Julio
Author-X-Name-Last: Sánchez Chóliz
Author-Name: Rosa Duarte
Author-X-Name-First: Rosa
Author-X-Name-Last: Duarte
Author-Name: Sofía Jiménez
Author-X-Name-First: Sofía
Author-X-Name-Last: Jiménez
Title: Structural components of income growth: an application to the evolution of the Spanish economy, 1980–2014
Abstract:
This paper analyses the structural and technical changes in Spain since the 1980s, using annual input–output tables. Specifically, a differential structural decomposition analysis (SDA) is applied to shifts in value-added, revealing eight different components and allowing the estimation of the impacts of technical change on the process of economic transformation on a sector-by-sector basis. We conclude that growth in the Spanish economy in recent decades was a mix of technological modernization and general economic expansion, although with some heterogeneity among sectors over time. High-technology services played a key role in modernization in the late 1980s and 1990s. In fact, the growth of High-technology, Medium-high-technology, Energy and Construction sectors accelerated through the 2008 crisis. Labour compensation and returns from capital followed different trends both during expansions and recessions, intensifying income inequality in Spain.
Journal: Economic Systems Research
Pages: 151-166
Issue: 2
Volume: 34
Year: 2022
Month: 04
X-DOI: 10.1080/09535314.2021.1974353
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1974353
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:2:p:151-166
Template-Type: ReDIF-Article 1.0
Author-Name: Hong-Dian Jiang
Author-X-Name-First: Hong-Dian
Author-X-Name-Last: Jiang
Author-Name: Mei-Mei Xue
Author-X-Name-First: Mei-Mei
Author-X-Name-Last: Xue
Author-Name: Kang-Yin Dong
Author-X-Name-First: Kang-Yin
Author-X-Name-Last: Dong
Author-Name: Qiao-Mei Liang
Author-X-Name-First: Qiao-Mei
Author-X-Name-Last: Liang
Title: How will natural gas market reforms affect carbon marginal abatement costs? Evidence from China
Abstract:
Having recognised the significant role of natural gas in reducing carbon abatement costs, China is rapidly promoting its growth. However, obvious distortions exist in China’s natural gas market, and it is unclear how these may affect abatement policies going forward. Therefore, to assess the effects of energy market distortions on the carbon marginal abatement costs (MACs) in China, this study proposes a computable general equilibrium model for China’s natural gas sector, which considers the monopoly market structure, price regulation, and import restrictions. Results show that deregulation of gas prices will lead to an effective decrease in China’s MACs. China’s MACs are insensitive to liberalisation of the market monopoly or gas import restrictions. When all three distortions are fully deregulated, China’s MACs show an obvious upward trend. Finally, this study uses China's carbon trading policies as an example to propose policy implications under different scenarios of natural gas market reform.
Journal: Economic Systems Research
Pages: 129-150
Issue: 2
Volume: 34
Year: 2022
Month: 04
X-DOI: 10.1080/09535314.2020.1868410
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1868410
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:2:p:129-150
Template-Type: ReDIF-Article 1.0
Author-Name: María T. Álvarez-Martínez
Author-X-Name-First: María T.
Author-X-Name-Last: Álvarez-Martínez
Author-Name: Salvador Barrios
Author-X-Name-First: Salvador
Author-X-Name-Last: Barrios
Author-Name: Diego d'Andria
Author-X-Name-First: Diego
Author-X-Name-Last: d'Andria
Author-Name: Maria Gesualdo
Author-X-Name-First: Maria
Author-X-Name-Last: Gesualdo
Author-Name: Gaetan Nicodeme
Author-X-Name-First: Gaetan
Author-X-Name-Last: Nicodeme
Author-Name: Jonathan Pycroft
Author-X-Name-First: Jonathan
Author-X-Name-Last: Pycroft
Title: How large is the corporate tax base erosion and profit shifting? A general equilibrium approach
Abstract:
The paper uses the computable general equilibrium model CORTAX to analyse the extent of base erosion and profit shifting (BEPS) in the EU, Japan and the US. Our approach estimates the direct fiscal losses of BEPS and accounts for the second round effects, in particular on the cost of capital and corporate investment. Our central estimates show that the net corporate tax revenue losses in the EU are €36.0 billion per year (7.7% of CIT revenues), €24.0 billion in Japan and €100.8 billion in the US (in both cases representing 10.7% of corporate tax revenues). Our estimates are comparable in size to the global tax revenue losses found using newly reported statistics on foreign affiliates. Our macroeconomic results suggest that eliminating profit shifting would slightly reduce investment and GDP and rise corporate tax revenues, which would positively affect welfare.
Journal: Economic Systems Research
Pages: 167-198
Issue: 2
Volume: 34
Year: 2022
Month: 04
X-DOI: 10.1080/09535314.2020.1865882
File-URL: http://hdl.handle.net/10.1080/09535314.2020.1865882
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:2:p:167-198
Template-Type: ReDIF-Article 1.0
# input file: CESR_A_1947782_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Jan Weinzettel
Author-X-Name-First: Jan
Author-X-Name-Last: Weinzettel
Title: Aggregation error of the material footprint: the case of the EU
Abstract:
The material footprint (raw material consumption) was proposed as a basis for monitoring SDGs 8.4 and 12.2. However, there is no institutionalized procedure providing globally consistent national material footprints. The OECD aims to institutionalize the material footprint through the development of one official inter-country input–output (ICIO) database applicable for its calculation. Inherent to input–output analysis is the aggregation error, which may impair the results. Therefore, in the case of the EU I analyze the aggregation error which can be expected if NACE rev2 classification is utilized for this ICIO database, and investigate the most important disaggregations, depending on the desired focus of the results. I conclude that the disaggregation level should reflect the intended purpose of the RME indicators. For their deeper analysis, and determination of strategies for their decrease, I conclude that NACE rev2 classification is inappropriate, and recommend high disaggregation and utilization of hybrid units.
Journal: Economic Systems Research
Pages: 320-342
Issue: 3
Volume: 34
Year: 2022
Month: 07
X-DOI: 10.1080/09535314.2021.1947782
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1947782
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:3:p:320-342
Template-Type: ReDIF-Article 1.0
# input file: CESR_A_1937953_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Christian Lutz
Author-X-Name-First: Christian
Author-X-Name-Last: Lutz
Author-Name: Maximilian Banning
Author-X-Name-First: Maximilian
Author-X-Name-Last: Banning
Author-Name: Lara Ahmann
Author-X-Name-First: Lara
Author-X-Name-Last: Ahmann
Author-Name: Markus Flaute
Author-X-Name-First: Markus
Author-X-Name-Last: Flaute
Title: Energy efficiency and rebound effects in German industry – evidence from macroeconometric modeling
Abstract:
Increases in energy efficiency are reduced by the rebound effect. Efficiency gains on the micro level do not lead to proportionate reductions of energy consumption on the macro level. The German energy-economy model PANTA RHEI is applied to better understand the rebound effect. To get more robust estimates micro data from a cost structure survey of the German manufacturing sector was used to derive price elasticities of energy demand. The mesoeconomic rebound effect of an autonomous increase in energy efficiency at the industry level in manufacturing is between 7% in 2021 and 12% in 2030. The macroeconomic rebound effect lies between 12% in 2021 and 18% in 2030. Inclusion of necessary investment and assumptions of higher elasticities of substitution increase the effects. Rebound effects limit the scope of technology-driven efficiency improvements and must be considered in the design of ambitious energy efficiency programs and climate policies.
Journal: Economic Systems Research
Pages: 253-272
Issue: 3
Volume: 34
Year: 2022
Month: 07
X-DOI: 10.1080/09535314.2021.1937953
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1937953
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:3:p:253-272
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# input file: CESR_A_1926934_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Anton Pichler
Author-X-Name-First: Anton
Author-X-Name-Last: Pichler
Author-Name: J. Doyne Farmer
Author-X-Name-First: J. Doyne
Author-X-Name-Last: Farmer
Title: Simultaneous supply and demand constraints in input–output networks: the case of Covid-19 in Germany, Italy, and Spain
Abstract:
Natural and anthropogenic disasters frequently affect both the supply and demand sides of an economy. A striking recent example is the Covid-19 pandemic which has created severe disruptions to economic output in most countries. These direct shocks to supply and demand will propagate downstream and upstream through production networks. Given the exogenous shocks, we derive a lower bound on total shock propagation. We find that even in this best case scenario network effects substantially amplify the initial shocks. To obtain more realistic model predictions, we study the propagation of shocks bottom-up by imposing different rationing rules on industries if they are not able to satisfy incoming demand. Our results show that economic impacts depend strongly on the emergence of input bottlenecks, making the rationing assumption a key variable in predicting adverse economic impacts. We further establish that the magnitude of initial shocks and network density heavily influence model predictions.
Journal: Economic Systems Research
Pages: 273-293
Issue: 3
Volume: 34
Year: 2022
Month: 07
X-DOI: 10.1080/09535314.2021.1926934
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1926934
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:3:p:273-293
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# input file: CESR_A_1971947_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Makiko Tsukui
Author-X-Name-First: Makiko
Author-X-Name-Last: Tsukui
Author-Name: Chen Lin
Author-X-Name-First: Chen
Author-X-Name-Last: Lin
Author-Name: Kaiyan Ji
Author-X-Name-First: Kaiyan
Author-X-Name-Last: Ji
Author-Name: Xiaoliang Lang
Author-X-Name-First: Xiaoliang
Author-X-Name-Last: Lang
Title: The true cost of trade among neighbors: the role of Japanese imports in waste generation in China
Abstract:
China’s rapid economic development has caused considerable environmental problems in waste generation and treatment. One important reason for this is China’s manufacturing exports to other countries such as Japan, a major trading partner. However, the contribution of such importing countries has not yet been fully explored. This study quantitatively examined how final demand in trade between China and Japan affects both countries’ economies and waste generation. The results show that imports of final consumption goods from China to Japan induced enormous waste generation in China, while the wastes induced in Japan were negligible. Even if final demand exports from China to Japan are significantly economically beneficial to China, the cost to China from addressing the induced waste generation seems too much to make these exports worthwhile. To encourage constructive discussions, improvement of reliability and transparency of waste statistics in China that allows comparison with other countries would be significant.
Journal: Economic Systems Research
Pages: 343-366
Issue: 3
Volume: 34
Year: 2022
Month: 07
X-DOI: 10.1080/09535314.2021.1971947
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1971947
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:3:p:343-366
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# input file: CESR_A_1974354_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Ning Chang
Author-X-Name-First: Ning
Author-X-Name-Last: Chang
Author-Name: Chaohui Han
Author-X-Name-First: Chaohui
Author-X-Name-Last: Han
Title: Regional CO2 emissions and cross-boundary mitigation potential in China
Abstract:
This paper presents a new framework for investigating regional CO2 emissions from the perspective of the domestic supply chain, with a combination of linkage analysis and structural decomposition analysis (SDA), which allows for a better understanding of spatial emission distributions and cross-boundary potential for CO2 mitigation. Based on the multi-regional input–output (MRIO) tables of 2007 and 2012, Chinese provinces (cities) are categorised into three groups according to linkage characteristics, among which, Group I is suggested to be given priority in formulating mitigation policies due to their stronger regional CO2 influence characteristics. Moreover, regions in Group I have been more affected by inter-regional trade than other groups with regard to their local CO2 emissions. Therefore, turning Group I into a low-carbon production pattern could help construct greener domestic supply chains. The results emphasise that regional analysis on CO2 emissions should go beyond the local factors, and that regional mitigation polices should consider the position and participation degree of different regions in domestic supply chains.
Journal: Economic Systems Research
Pages: 367-382
Issue: 3
Volume: 34
Year: 2022
Month: 07
X-DOI: 10.1080/09535314.2021.1974354
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1974354
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:3:p:367-382
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# input file: CESR_A_1964941_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Syeda Tasnia Hasan
Author-X-Name-First: Syeda Tasnia
Author-X-Name-Last: Hasan
Author-Name: Michael O. Wood
Author-X-Name-First: Michael O.
Author-X-Name-Last: Wood
Author-Name: Simron Singh
Author-X-Name-First: Simron
Author-X-Name-Last: Singh
Title: Revealing embedded carbon emissions within the Comprehensive and Progressive Agreement for Trans-Pacific Partnership
Abstract:
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), representing approximately USD 13.5 trillion of the global GDP, is one of the largest free-trade agreements in the world. This trade agreement considers many important issues yet fails to address climate change or carbon dioxide (CO2) emissions. CO2 emissions in trade are critical as all CPTPP parties have made significant carbon emissions reduction commitments of between 8-36% through the COP21- Paris Agreement. Herein lies a paradox. This study assesses the amount of embedded CO2 emissions in the CPTPP through an input-output analysis of consumption-based emissions in ten carbon-intensive sectors, under three scenarios. The results reveal that as trade between partners increases, so will CO2 emissions across those sectors. These findings are essential for policymakers who are striving to grow Partnerships (Sustainable Development Goal 17) while seeking to address Climate Action (Sustainable Development Goal 13), which appear to be conflicting goals.
Journal: Economic Systems Research
Pages: 294-319
Issue: 3
Volume: 34
Year: 2022
Month: 07
X-DOI: 10.1080/09535314.2021.1964941
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1964941
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:3:p:294-319
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# input file: CESR_A_1952404_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Timothé Beaufils
Author-X-Name-First: Timothé
Author-X-Name-Last: Beaufils
Author-Name: Leonie Wenz
Author-X-Name-First: Leonie
Author-X-Name-Last: Wenz
Title: A scenario-based method for projecting multi-regional input–output tables
Abstract:
Multi-regional input–output (MRIO) data are a powerful tool to analyze complex interdependencies in the international trade and supply network. Their field of application is however limited by the fact that MRIO datasets are only available for past years whereas the structure of the international trade network has been found to change profoundly over time. We here propose the SPIN method, a simple and flexible algorithm that can project MRIO tables into the future based on transparent scenarios of how gross domestic product and trade relations may evolve in that time. By combining well-established input–output techniques, namely the Leontief quantity model and an RAS-type algorithm, our method provides a straightforward mean to convert quantitative scenarios of the world economy into consistent MRIO tables. We illustrate the functioning of the SPIN method by projecting the evolution of the trade network after the 2008 financial crisis under different alternative scenarios of recovery.
Journal: Economic Systems Research
Pages: 440-468
Issue: 4
Volume: 34
Year: 2022
Month: 10
X-DOI: 10.1080/09535314.2021.1952404
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1952404
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# input file: CESR_A_1935219_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Timon Bohn
Author-X-Name-First: Timon
Author-X-Name-Last: Bohn
Author-Name: Steven Brakman
Author-X-Name-First: Steven
Author-X-Name-Last: Brakman
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Title: Who’s afraid of Virginia Wu? US employment footprints and self-sufficiency
Abstract:
Globalization has brought about concerns of domestic job losses due to outsourcing to countries like China. The ‘employment footprint’ concept provides new insights into the implications of trade for employment. Using this approach for the period of 1995–2008, we analyze the relation of US jobs with international trade, particularly with China. Furthermore, we compare the US employment footprint with its labor endowment to assess if the country could be self-sufficient in terms of labor. We find that the US’s consumption increasingly depends on foreign workers. The country ‘consumes’ more labor than is nationally available; thus, self-sufficiency is not possible under realistic assumptions. Moreover, the US has benefited from jobs – especially in services – generated by the world economy. Referring to Albee’s famous play about living in illusions, we use ‘Virginia Wu’ as a Chinese version of ‘Virginia Woolf’ to argue that the perceived threat of China (Virginia Wu) is only an illusion.
Journal: Economic Systems Research
Pages: 469-490
Issue: 4
Volume: 34
Year: 2022
Month: 10
X-DOI: 10.1080/09535314.2021.1935219
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1935219
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:4:p:469-490
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# input file: CESR_A_1932764_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Heran Zheng
Author-X-Name-First: Heran
Author-X-Name-Last: Zheng
Author-Name: Johannes Többen
Author-X-Name-First: Johannes
Author-X-Name-Last: Többen
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Daniel Moran
Author-X-Name-First: Daniel
Author-X-Name-Last: Moran
Author-Name: Jing Meng
Author-X-Name-First: Jing
Author-X-Name-Last: Meng
Author-Name: Daoping Wang
Author-X-Name-First: Daoping
Author-X-Name-Last: Wang
Author-Name: Dabo Guan
Author-X-Name-First: Dabo
Author-X-Name-Last: Guan
Title: Entropy-based Chinese city-level MRIO table framework
Abstract:
Cities are pivotal hubs of socioeconomic activities, and consumption in cities contributes to global environmental pressures. Compiling city-level multi-regional input-output (MRIO) tables is challenging due to the scarcity of city-level data. Here we propose an entropy-based framework to construct city-level MRIO tables. We demonstrate the new construction method and present an analysis of the carbon footprint of cities in China's Hebei province. A sensitivity analysis is conducted by introducing a weight reflecting the heterogeneity between city and province data, as an important source of uncertainty is the degree to which cities and provinces have an identical ratio of intermediate demand to total demand. We compare consumption-based emissions generated from the new MRIO to results of the MRIO based on individual city input-output tables. The findings reveal a large discrepancy in consumption-based emissions between the two MRIO tables but this is due to conflicting benchmark data used in the two tables.
Journal: Economic Systems Research
Pages: 519-544
Issue: 4
Volume: 34
Year: 2022
Month: 10
X-DOI: 10.1080/09535314.2021.1932764
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1932764
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# input file: CESR_A_1949267_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Rossella Bardazzi
Author-X-Name-First: Rossella
Author-X-Name-Last: Bardazzi
Author-Name: Leonardo Ghezzi
Author-X-Name-First: Leonardo
Author-X-Name-Last: Ghezzi
Title: Large-scale multinational shocks and international trade: a non-zero-sum game
Abstract:
International trade has improved living standards but has also become a major channel for spreading shocks on a global scale. The increasing relevance of intersectoral linkages and trade in intermediates renewed interest in input–output techniques. This paper enriches the literature on empirical trade models with an input–output/econometric approach including substitution effects and price spillovers. Our model shows that (a) trade elasticities and bilateral shares are not constant in time and differ across sectors and countries; (b) international price changes alter the relative competitiveness between competitors; (c) final demand components such as consumption and investment react to changes in international prices. Large multi-country shocks produce feedback effects in national economies as they adapt by import substitution across exporters, by changing the import content of domestic production and by adjusting final demand. These feedbacks affect the global demand producing an asymmetric non-zero-sum game.
Journal: Economic Systems Research
Pages: 383-409
Issue: 4
Volume: 34
Year: 2022
Month: 10
X-DOI: 10.1080/09535314.2021.1949267
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1949267
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:4:p:383-409
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# input file: CESR_A_1963684_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Arndt Feuerbacher
Author-X-Name-First: Arndt
Author-X-Name-Last: Feuerbacher
Author-Name: Scott McDonald
Author-X-Name-First: Scott
Author-X-Name-Last: McDonald
Author-Name: Karen Thierfelder
Author-X-Name-First: Karen
Author-X-Name-Last: Thierfelder
Title: Peasant farmers and pandemics: the role of seasonality and labor-leisure trade-off decisions in economy-wide models
Abstract:
Pandemics attack the primary asset (labor) of peasant households and the rural poor. Peasant households must simultaneously allocate labor between farm and household activities, where the demand for agricultural labor is seasonal, which limits intra-temporal substitution, without perfect foresight. A pandemic reduces the supply of labor, through deaths and morbidity, with the scale of reductions in labor supply depending on the seasons in which a pandemic occurs. The analyses, using a recursive dynamic economy-wide model for Bhutan, demonstrate that outbreaks in high labor demand seasons cause increases in wage rates almost three times as high as for outbreaks in low labor demand seasons. Increases in wage rates induce peasant households to reallocate labor time between farm and household activities through the labor-leisure trade-off mechanism. Such changes in the allocation of labor time are important elements of peasants’ mitigation responses, and can reduce the negative economic implications of a pandemic.
Journal: Economic Systems Research
Pages: 491-518
Issue: 4
Volume: 34
Year: 2022
Month: 10
X-DOI: 10.1080/09535314.2021.1963684
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1963684
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:4:p:491-518
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# input file: CESR_A_1958764_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949
Author-Name: Yoshihiro Hashiguchi
Author-X-Name-First: Yoshihiro
Author-X-Name-Last: Hashiguchi
Author-Name: Norihiko Yamano
Author-X-Name-First: Norihiko
Author-X-Name-Last: Yamano
Author-Name: Colin Webb
Author-X-Name-First: Colin
Author-X-Name-Last: Webb
Title: How thick is your armour? Measuring economic resilience to shocks in global production networks
Abstract:
When economic shocks occur, whether at home or abroad, economic agents are expected to react to reduce the negative impact or amplify the positive effects. The ability of a country to contain economic losses can be defined as the resilience to economic shocks. Using the OECD’s annual Inter-Country Input–Output (ICIO) tables from 1995 to 2011, this paper investigates the relationship between changes in final demand and production structures for 61 economies. We found that, during economic downturns, countries that are able to prop up the economy through the domestic service sectors instead of domestic goods and foreign sectors are more resilient to negative shocks. Therefore, understanding the substitutability between goods and service sectors and between domestic and foreign sectors is crucial for gauging the potential risk to a country’s domestic economy from shocks abroad – whether economic, environmental, health-related or political.
Journal: Economic Systems Research
Pages: 410-439
Issue: 4
Volume: 34
Year: 2022
Month: 10
X-DOI: 10.1080/09535314.2021.1958764
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1958764
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Handle: RePEc:taf:ecsysr:v:34:y:2022:i:4:p:410-439
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# input file: CESR_A_2106418_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Anwar Shaikh
Author-X-Name-First: Anwar
Author-X-Name-Last: Shaikh
Author-Name: Luiza Nassif-Pires
Author-X-Name-First: Luiza
Author-X-Name-Last: Nassif-Pires
Author-Name: José Alejandro Coronado
Author-X-Name-First: José Alejandro
Author-X-Name-Last: Coronado
Title: A new empirical contribution to an old theoretical puzzle: what input–output matrix properties tells us about equilibrium prices and quantities
Abstract:
Eigenvalues of input-output matrices have significant implications for the structures of equilibrium prices and quantities. According to the Bródy Conjecture (BC), all subdominant eigenvalues of matrix would approach zero as matrix size approached infinity. Thus, any given initial quantity or price vector would converge to the corresponding equilibrium one in a single step. This paper adds significant empirical evidence to this theoretical discussion. We create a database of 307 different sizes matrices ranging over 30 years. Contrary to BC, we find that: the coefficient of variation and the subdominant eigenvalue moduli rise with matrix size; there’s a universal rank-size curve of eigenvalue moduli, but it is smooth and convex rather than L-shaped; the distribution of eigenvalue moduli is best fit by a Weibull probability distribution; the Weibull quantile function in turn yields a power law for eigenvalue moduli which is a better fit than a previously proposed exponential function.
Journal: Economic Systems Research
Pages: 118-135
Issue: 1
Volume: 35
Year: 2023
Month: 01
X-DOI: 10.1080/09535314.2022.2106418
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2106418
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Handle: RePEc:taf:ecsysr:v:35:y:2023:i:1:p:118-135
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# input file: CESR_A_2091978_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Vladimír Holý
Author-X-Name-First: Vladimír
Author-X-Name-Last: Holý
Author-Name: Karel Šafr
Author-X-Name-First: Karel
Author-X-Name-Last: Šafr
Title: Disaggregating input–output tables by the multidimensional RAS method: a case study of the Czech Republic
Abstract:
The RAS method is an iterative procedure that bi-proportionally scales an input–output table to be consistent with given row and column sums. It can be used to disaggregate an annual national table to more detailed tables, such as regional, quarterly, and domestic/imported tables. However, the regular two-dimensional RAS method does not ensure the consistency of the disaggregated tables with the original table. For this problem, we use the multidimensional RAS method, which besides input and output totals, also ensures regional, quarterly, and domestic/imported totals. Our analysis of Czech industries shows that the multidimensional RAS method increases the accuracy of table estimation as well as the accuracy of the Leontief inverse, the quarterly value added, and (to some degree) the regional Isard's model. We also rigorously demonstrate its relation to the cross-entropy model.
Journal: Economic Systems Research
Pages: 95-117
Issue: 1
Volume: 35
Year: 2023
Month: 01
X-DOI: 10.1080/09535314.2022.2091978
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2091978
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Handle: RePEc:taf:ecsysr:v:35:y:2023:i:1:p:95-117
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# input file: CESR_A_1971629_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Markus Simbürger
Author-X-Name-First: Markus
Author-X-Name-Last: Simbürger
Title: Filter methods for MRIO tables: an evaluation
Abstract:
Researchers who deal with network analysis based on multi-regional input–output (MRIO) tables cannot avoid the intensively discussed issue of filtering, which means identification of the most important and significant trade connections. The question of what is an appropriate filter method remains. This paper expands the existing discussion and brings new insight based on the evaluation of existing filter methods for MRIO tables. Six filter methods from the prevailing literature are identified as relevant and tested on the published MRIO tables: EORA26 and EXIOBASE. The results are verified by a case study. The evaluation shows that the Tolerable Limit approach and filter based on the Weaver–Thomas Index are the most restrictive. The Leontief filter and the filter based on holistic accuracy can be partially recommended. The filter on absolute trade values and average transactions can be recommended as ‘good’ methods.
Journal: Economic Systems Research
Pages: 136-155
Issue: 1
Volume: 35
Year: 2023
Month: 01
X-DOI: 10.1080/09535314.2021.1971629
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1971629
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# input file: CESR_A_2068407_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Ryo Itoh
Author-X-Name-First: Ryo
Author-X-Name-Last: Itoh
Author-Name: Kiyoshi Yonemoto
Author-X-Name-First: Kiyoshi
Author-X-Name-Last: Yonemoto
Title: An interregional input–output analysis with the Eaton–Kortum model
Abstract:
This study proposes a multi-regional input–output (I–O) model obtained from comparative statics analysis and a linear approximation of Eaton and Kortum's (2002). [Technology, geography, and trade. Econometrica, 70(5), 1741–1779. https://doi.org/10.1111/ecta.2002.70.issue-5] general equilibrium trade model. The derived reduced form, which represents the effect of a final demand shock, is equivalent to the Leontief inverse, which means that our model is a straightforward extension of the conventional I–O framework. In addition, supply-side shocks, such as a decrease in transport costs, and the corresponding welfare gains are also calculated without setting any structural parameters. The linear reduced forms also enable us to decompose the welfare gains into various ripple channels, such as by sector, region, or the time that the gain arrives. A Japanese multi-regional I–O table is used as a numerical example to derive the effect of a reduction in transport costs (for the links around the northern region). The results indicate that more than half of the welfare gains in the southwest region are delivered through indirect channels, and their time to arrival is more than twice of that in the northern region, which is close to the shock.
Journal: Economic Systems Research
Pages: 49-74
Issue: 1
Volume: 35
Year: 2023
Month: 01
X-DOI: 10.1080/09535314.2022.2068407
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2068407
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# input file: CESR_A_2045258_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Davit Stepanyan
Author-X-Name-First: Davit
Author-X-Name-Last: Stepanyan
Author-Name: Georg Zimmermann
Author-X-Name-First: Georg
Author-X-Name-Last: Zimmermann
Author-Name: Harald Grethe
Author-X-Name-First: Harald
Author-X-Name-Last: Grethe
Title: Stochastic simulation with informed rotations of Gaussian quadratures
Abstract:
Given the fast growth of available computational capacities and the increasing complexity of simulation models addressing agro-environmental issues, uncertainty analysis using stochastic techniques has become a standard modeling practice. However, conventional uncertainty/sensitivity analysis methods are either computationally demanding (Monte Carlo-based methods) or produce results with varying quality (Gaussian quadratures). In this article, we present a computationally inexpensive and reliable uncertainty analysis method for simulation models called informed rotations of Gaussian quadratures (IRGQ). We also provide an R script that generates IRGQ points based on the required input data. The results demonstrate that this method is able to produce approximations that are close to the estimated benchmarks at low computational costs. The method is tested in three different simulation models using different input data in order to demonstrate the independence of the proposed method on specific model types and data structures. This is a methodological paper for practitioners rather than theorists.
Journal: Economic Systems Research
Pages: 30-48
Issue: 1
Volume: 35
Year: 2023
Month: 01
X-DOI: 10.1080/09535314.2022.2045258
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2045258
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Handle: RePEc:taf:ecsysr:v:35:y:2023:i:1:p:30-48
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# input file: CESR_A_1990869_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Muhammad Daaniyall Abd Rahman
Author-X-Name-First: Muhammad Daaniyall
Author-X-Name-Last: Abd Rahman
Author-Name: Bart Los
Author-X-Name-First: Bart
Author-X-Name-Last: Los
Author-Name: Anne Owen
Author-X-Name-First: Anne
Author-X-Name-Last: Owen
Author-Name: Manfred Lenzen
Author-X-Name-First: Manfred
Author-X-Name-Last: Lenzen
Title: Multi-level comparisons of input–output tables using cross-entropy indicators
Abstract:
We introduce a cross-entropy (CE) indicator to quantify the extent to which two input–output tables or two tables with results based on input–output analysis differ from each other. Our work deploys a unique feature of the CE indicator: it can be decomposed, allowing for matrix comparisons at various levels within one coherent framework. To illustrate the power of this approach, we apply the technique to five multi-region input–output (MRIO) tables for 2011, derived from the Eora, EXIOBASE, GTAP, OECD and WIOD databases. We make pairwise comparisons between MRIOs and between global value chain (GVC) computations based on these MRIOs. We find that answers to questions related to broader aggregates are generally quite similar, but that answers to questions at the level of single industries can be rather different across MRIOs.
Journal: Economic Systems Research
Pages: 75-94
Issue: 1
Volume: 35
Year: 2023
Month: 01
X-DOI: 10.1080/09535314.2021.1990869
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1990869
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Handle: RePEc:taf:ecsysr:v:35:y:2023:i:1:p:75-94
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# input file: CESR_A_1964440_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Paul de Boer
Author-X-Name-First: Paul
Author-X-Name-Last: de Boer
Author-Name: Jan van Daal
Author-X-Name-First: Jan
Author-X-Name-Last: van Daal
Author-Name: João F. D. Rodrigues
Author-X-Name-First: João F. D.
Author-X-Name-Last: Rodrigues
Title: Consumer preferences in CGE models when data are scarce: comparing the linear expenditure and the indirect addilog systems
Abstract:
The linear expenditure system (LES) is a popular option for modeling consumer preferences in computable general equilibrium (CGE) models when data are scarce, since its underlying functional form is parsimonious in parameters. The goal of this paper is to compare the performance of LES against the indirect addilog system (IAS), a hardly known alternative, in terms of their theoretical properties and in a case study. Both systems are equally easy to implement and require the same information for parameter calibration. IAS, however, offers a richer description of consumer preferences. On the basis of an expenditure survey of Statistics Palestine in 1998, we find overwhelming statistical evidence that the IAS demand equations perform better than those of the LES. Simulations with a CGE model developed for disaster impact analysis applied to the intifada of the early 2000s show that the absolute value of the equivalent variation is larger for IAS than for LES.
Journal: Economic Systems Research
Pages: 1-29
Issue: 1
Volume: 35
Year: 2023
Month: 01
X-DOI: 10.1080/09535314.2021.1964440
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1964440
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# input file: CESR_A_1965549_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Arianto A. Patunru
Author-X-Name-First: Arianto A.
Author-X-Name-Last: Patunru
Author-Name: Prema-chandra Athukorala
Author-X-Name-First: Prema-chandra
Author-X-Name-Last: Athukorala
Title: Measuring trade in value added: how valid is the proportionality assumption?
Abstract:
For countries that have only aggregate (‘competitive type’) input–output (IO) tables, value added in exports is commonly estimated using the ‘proportionality assumption’ to separate imported-inputs from domestically procured inputs. We test the validity of this assumption using non-competitive type IO tables, which contain separately compiled domestic- and imported-input matrices, for Indonesia, Thailand, Malaysia, Taiwan, and Australia. The results show that the proportionality assumption leads to an overestimation of domestic value-added in exports, and that the magnitude of the bias becomes amplified when the export composition of a country shifts from primary products to manufactured goods through integration into global production networks.
Journal: Economic Systems Research
Pages: 292-300
Issue: 2
Volume: 35
Year: 2023
Month: 04
X-DOI: 10.1080/09535314.2021.1965549
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1965549
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Handle: RePEc:taf:ecsysr:v:35:y:2023:i:2:p:292-300
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# input file: CESR_A_1951178_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: José L. Zofío
Author-X-Name-First: José L.
Author-X-Name-Last: Zofío
Author-Name: Julio González
Author-X-Name-First: Julio
Author-X-Name-Last: González
Author-Name: Angel Prieto
Author-X-Name-First: Angel
Author-X-Name-Last: Prieto
Author-Name: Juan Vicente
Author-X-Name-First: Juan
Author-X-Name-Last: Vicente
Title: Modelling the spatial and sectoral benefits of productivity enhancing innovations using a transport oriented multiregional IO framework: the ‘megatruck’ in Spain
Abstract:
We render operational the model outlined by Carter (1990) via the introduction of the research methods necessary for studying the spatial and sectoral (upstream and downstream) benefits of productivity-enhancing innovations within a real interregional input–output framework. As case study we examine the reduction in production costs derived from the adoption of longer and heavier vehicles in freight road transportation. We exploit a new Spanish regional table including a detailed disaggregation of the transportation sector. The productivity gains at the national level, resulting from a 30% reduction in transport costs, amount to 2.95% of the GVA at market prices. Results show that firms operating in this niche market appropriate most of the gross operation surplus (which increases by 10%), consistent with the existence of market power. The remaining transportation sectors see profits slightly worsened, suggesting limited substitution effects. A high regional heterogeneity exists because of the different input–output structures.
Journal: Economic Systems Research
Pages: 228-264
Issue: 2
Volume: 35
Year: 2023
Month: 04
X-DOI: 10.1080/09535314.2021.1951178
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1951178
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# input file: CESR_A_2047011_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Aleksandra Kordalska
Author-X-Name-First: Aleksandra
Author-X-Name-Last: Kordalska
Author-Name: Magdalena Olczyk
Author-X-Name-First: Magdalena
Author-X-Name-Last: Olczyk
Title: Upgrading low value-added activities in global value chains: a functional specialisation approach
Abstract:
This paper aims to identify patterns of functional specialisation (FS) in global value chains (GVCs) and determinants of upgrading them for selected Central Eastern European (CEE) economies. By combing the World Input-Output Database with data on occupations, we reveal a new FS pattern among subgroups of CEEs. Poland and Slovakia have an unfavourable GVC position and specialise in low value-added fabrication function. In contrast, other CEEs have competitive advantages in high value-added tasks: the Baltic countries and Slovenia in management services, the Czech Republic and Slovenia in R&D. We identify upgrading factors for different types of FS in GVCs. The wages convergence of CEEs with developed economies, and strong GVC backward linkages support the path to higher value-added in almost all business functions. Higher GDP per capita and lower economic distance to Germany allow CEEs to escape from ‘factory economies' status and also generate higher value-added in R&D activities.
Journal: Economic Systems Research
Pages: 265-291
Issue: 2
Volume: 35
Year: 2023
Month: 04
X-DOI: 10.1080/09535314.2022.2047011
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2047011
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Handle: RePEc:taf:ecsysr:v:35:y:2023:i:2:p:265-291
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# input file: CESR_A_2026894_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Daniel Herrero
Author-X-Name-First: Daniel
Author-X-Name-Last: Herrero
Author-Name: Adrián Rial
Author-X-Name-First: Adrián
Author-X-Name-Last: Rial
Title: Productive linkages in a segmented economy: the role of services in the export performance of German manufacturing
Abstract:
This article analyzes the causes that affect the export performance of the German manufacturing sector. By applying a subsystem approach to input–output analysis, we take into account the interlinkages between manufacturing and services. In particular, we consider two types of relationships that influence manufacturing competitiveness: the wage squeeze in services due to institutional factors and outsourcing; and the role played by knowledge-intensive business services (KIBS) as innovation drivers. Taking vertically integrated sectors as units of analysis, an export model is estimated. We find that labor costs play only a minor role for international competitiveness, while non-price factors are the main drivers of German exports. Therefore, although the wage squeeze in services is the centerpiece in the unit labor costs and export prices moderation, it is of minor importance for export growth. Conversely, the growing integration of KIBS provides a strong stimulus for non-price competitiveness and export growth.
Journal: Economic Systems Research
Pages: 183-210
Issue: 2
Volume: 35
Year: 2023
Month: 04
X-DOI: 10.1080/09535314.2022.2026894
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2026894
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Handle: RePEc:taf:ecsysr:v:35:y:2023:i:2:p:183-210
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# input file: CESR_A_2062301_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Enrique Gilles
Author-X-Name-First: Enrique
Author-X-Name-Last: Gilles
Author-Name: Javier Deaza
Author-X-Name-First: Javier
Author-X-Name-Last: Deaza
Author-Name: Alejandro Vivas
Author-X-Name-First: Alejandro
Author-X-Name-Last: Vivas
Title: The role of imported intermediates in productivity change
Abstract:
We address the role of imported intermediates in productivity by applying a methodology that proposes an equivalence between input–output analysis and data envelopment analysis, and decomposes sectoral productivity gains into two factors: efficiency change and technical change. We illustrate this by using data for Spain in the 2008–2015 period with three levels of labor skills, capital, and twenty-eight industries, and compare the results of two different settings: one including only domestic intermediates and the other incorporating total (i.e. both domestic and imported) inputs. We find differential results regarding productivity, efficiency, and technical changes that are attributable to imported intermediates. We also find that the main drivers of productivity change are high-skilled labor and the manufacturing sector. Our results suggest the importance of both trade and educational policies that respectively foster international economic complementarities and promote higher qualification of labor.
Journal: Economic Systems Research
Pages: 211-227
Issue: 2
Volume: 35
Year: 2023
Month: 04
X-DOI: 10.1080/09535314.2022.2062301
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2062301
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# input file: CESR_A_1975098_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Rayan Wolf
Author-X-Name-First: Rayan
Author-X-Name-Last: Wolf
Author-Name: Angelo C. Gurgel
Author-X-Name-First: Angelo C.
Author-X-Name-Last: Gurgel
Author-Name: Leonardo C. B. Cardoso
Author-X-Name-First: Leonardo C. B.
Author-X-Name-Last: Cardoso
Author-Name: Ian M. Trotter
Author-X-Name-First: Ian M.
Author-X-Name-Last: Trotter
Author-Name: Marcos S. Nazareth
Author-X-Name-First: Marcos S.
Author-X-Name-Last: Nazareth
Author-Name: Erly C. Teixeira
Author-X-Name-First: Erly C.
Author-X-Name-Last: Teixeira
Title: Welfare impacts of a negative income tax on regions of Brazil
Abstract:
This paper aims to analyze the effects of a public policy based on negative income tax (NIT) ideals as an alternative to the current social programs of income transfer in Brazil. A multiregional applied computable general equilibrium model of Brazil's economy is used to analyze the impacts on households' welfare, split into 10 income classes, and 2 factors (capital and labor) for each of 5 major regions. By analyzing two scenarios for the proposed policy, we show that the NIT could be more effective than the current social programs as well as resulting in longer lasting outcomes.
Journal: Economic Systems Research
Pages: 301-323
Issue: 2
Volume: 35
Year: 2023
Month: 04
X-DOI: 10.1080/09535314.2021.1975098
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1975098
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# input file: CESR_A_2048294_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Maureen Lankhuizen
Author-X-Name-First: Maureen
Author-X-Name-Last: Lankhuizen
Author-Name: Dario Diodato
Author-X-Name-First: Dario
Author-X-Name-Last: Diodato
Author-Name: Anet Weterings
Author-X-Name-First: Anet
Author-X-Name-Last: Weterings
Author-Name: Olga Ivanova
Author-X-Name-First: Olga
Author-X-Name-Last: Ivanova
Author-Name: Mark Thissen
Author-X-Name-First: Mark
Author-X-Name-Last: Thissen
Title: Identifying labour market bottlenecks in the energy transition: a combined IO-matching analysis
Abstract:
This paper combines an input–output model and a novel regional labour market matching model in order to identify potential bottlenecks in regional labour markets resulting from shocks in demand caused by the energy transition. Identifying these bottlenecks provides relevant information for policymakers to determine in which regions and industries policy intervention in labour markets may be needed to ensure a smooth transformation. We analyse the effects of a shock that is illustrative for the energy transition in the Netherlands. Our results indicate that the aim of the Dutch government to substantially reduce greenhouse gas emissions may, at least in the short run, be hampered by bottlenecks in labour markets.
Journal: Economic Systems Research
Pages: 157-182
Issue: 2
Volume: 35
Year: 2023
Month: 04
X-DOI: 10.1080/09535314.2022.2048294
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2048294
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# input file: CESR_A_2164483_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Ruoqi Li
Author-X-Name-First: Ruoqi
Author-X-Name-Last: Li
Author-Name: Wenjun Wu
Author-X-Name-First: Wenjun
Author-X-Name-Last: Wu
Author-Name: Wei Zhang
Author-X-Name-First: Wei
Author-X-Name-Last: Zhang
Author-Name: Yuanchun Zhou
Author-X-Name-First: Yuanchun
Author-X-Name-Last: Zhou
Author-Name: Hongqiang Jiang
Author-X-Name-First: Hongqiang
Author-X-Name-Last: Jiang
Author-Name: Yaling Lu
Author-X-Name-First: Yaling
Author-X-Name-Last: Lu
Author-Name: Cuiyang Feng
Author-X-Name-First: Cuiyang
Author-X-Name-Last: Feng
Author-Name: Jinnan Wang
Author-X-Name-First: Jinnan
Author-X-Name-Last: Wang
Author-Name: Miaomiao Liu
Author-X-Name-First: Miaomiao
Author-X-Name-Last: Liu
Author-Name: Jun Bi
Author-X-Name-First: Jun
Author-X-Name-Last: Bi
Author-Name: Yu Liu
Author-X-Name-First: Yu
Author-X-Name-Last: Liu
Author-Name: Hongkuan Zang
Author-X-Name-First: Hongkuan
Author-X-Name-Last: Zang
Author-Name: Yuli Shan
Author-X-Name-First: Yuli
Author-X-Name-Last: Shan
Title: Managing lead (Pb) emissions in China from the perspective of final demand
Abstract:
Lead (Pb) pollution is a serious environmental and health risk and remains a major challenge for China. This study analyzes China’s atmospheric Pb emissions from the dual perspectives of production and final demand, by integrating localized emission factors and a Multi-Regional Input – Output model. Our results show that Shandong, Hebei, and Hubei directly contribute over 36% of the national emissions. However, from the final demand perspective, some developed provinces, such as Jiangsu, Guangdong, and Zhejiang, induce a considerable proportion (29%) of the national emissions by relocating emissions to other provinces through inter-provincial trade. Trade-embodied emissions typically flow from interior regions to more affluent coastal regions (e.g. Henan-Jiangsu, Anhui-Jiangsu, Hunan-Guangdong). Considering both production and final demand, we identify different roles for provinces in Pb emission management. Prosperous beneficiary provinces should take more responsibilities by transferring advanced technologies, especially those in industries such as coal dressing, to sacrificial provinces.
Journal: Economic Systems Research
Pages: 417-437
Issue: 3
Volume: 35
Year: 2023
Month: 07
X-DOI: 10.1080/09535314.2022.2164483
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2164483
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# input file: CESR_A_2174003_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Timothé Beaufils
Author-X-Name-First: Timothé
Author-X-Name-Last: Beaufils
Author-Name: Etienne Berthet
Author-X-Name-First: Etienne
Author-X-Name-Last: Berthet
Author-Name: Hauke Ward
Author-X-Name-First: Hauke
Author-X-Name-Last: Ward
Author-Name: Leonie Wenz
Author-X-Name-First: Leonie
Author-X-Name-Last: Wenz
Title: Beyond production and consumption: using throughflows to untangle the virtual trade of externalities
Abstract:
Understanding how countries contribute to the generation of externalities globally is important for designing sustainable policies aimed at reducing negative externalities such as carbon emissions. Commonly used approaches focus on either producers or consumers, thereby neglecting the role of intermediates. We here introduce the concept of throughflow to comprehensively quantify upstream externalities generated by the supply chains originating from, passing through or ending in a given country. We define the Throughflow Based Accounting (TBA) framework as the decomposition of the throughflow into local, imported, exported and traversing externalities. We illustrate the strength of the TBA by identifying the CO2 emissions caused by supply chains involving the German economy. We show that Germany could use its position in global value chains to help reduce two times more CO2 emissions than measured with usual production- or consumption-based accounting frameworks.
Journal: Economic Systems Research
Pages: 376-396
Issue: 3
Volume: 35
Year: 2023
Month: 07
X-DOI: 10.1080/09535314.2023.2174003
File-URL: http://hdl.handle.net/10.1080/09535314.2023.2174003
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Handle: RePEc:taf:ecsysr:v:35:y:2023:i:3:p:376-396
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# input file: CESR_A_2034139_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Lena Kilian
Author-X-Name-First: Lena
Author-X-Name-Last: Kilian
Author-Name: Anne Owen
Author-X-Name-First: Anne
Author-X-Name-Last: Owen
Author-Name: Andy Newing
Author-X-Name-First: Andy
Author-X-Name-Last: Newing
Author-Name: Diana Ivanova
Author-X-Name-First: Diana
Author-X-Name-Last: Ivanova
Title: Microdata selection for estimating household consumption-based emissions
Abstract:
To estimate household emissions from a consumption-perspective, national accounts are typically disaggregated to a sub-national level using household expenditure data. While limitations around using expenditure data are frequently discussed, differences in emission estimates generated from seemingly comparable expenditure microdata are not well-known. We compare UK neighbourhood greenhouse gas emission estimates derived from three such microdatasets: the Output Area Classification, the Living Costs and Food Survey, and a dataset produced by the credit reference agency TransUnion. Findings indicate moderate similarity between emission estimates from all datasets, even at detailed product and spatial levels; importantly, similarity increases for higher-emission products. Nevertheless, levels of similarity vary by products and geographies, highlighting the impact microdata selection can have on emission estimates. We focus our discussion on how uncertainty from microdata selection can be reduced in other UK and international contexts by selecting data based on the data generation process, the level of disaggregation needed, physical unit availability and research implications.
Journal: Economic Systems Research
Pages: 325-353
Issue: 3
Volume: 35
Year: 2023
Month: 07
X-DOI: 10.1080/09535314.2022.2034139
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2034139
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# input file: CESR_A_2133598_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Joel Bruneau
Author-X-Name-First: Joel
Author-X-Name-Last: Bruneau
Author-Name: Madanmohan Ghosh
Author-X-Name-First: Madanmohan
Author-X-Name-Last: Ghosh
Author-Name: Deming Luo
Author-X-Name-First: Deming
Author-X-Name-Last: Luo
Author-Name: Yunfa Zhu
Author-X-Name-First: Yunfa
Author-X-Name-Last: Zhu
Title: Income and investment, not energy policy, are driving GHG emission intensities
Abstract:
Global greenhouse gas (GHG) emissions continue to rise but, at the same time, emission intensities associated with domestic consumption and territorial production have declined albeit at vastly different rates across economies. To identify the socioeconomic factors that drive this cross-country variation, we combine input–output modelling with panel data analysis. Using the World Input–Output Database, we estimate GHG intensities separately for domestic consumption and for territorial production. For the regression analysis, we consider several socioeconomic factors that capture development features, exposure to international trade, as well as energy prices and GHG-relevant programmes. Our results show that development-type factors, such as per capita income, capital-labour ratios, and investments, are the primary drivers of cross-country differences. Energy prices and domestic GHG policies are not major drivers. We also find that reductions in intensities are primarily through changes in techniques rather than compositional changes in the structure of economies.
Journal: Economic Systems Research
Pages: 438-457
Issue: 3
Volume: 35
Year: 2023
Month: 07
X-DOI: 10.1080/09535314.2022.2133598
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2133598
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# input file: CESR_A_2035689_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Huiwen Liu
Author-X-Name-First: Huiwen
Author-X-Name-Last: Liu
Author-Name: Huibin Du
Author-X-Name-First: Huibin
Author-X-Name-Last: Du
Author-Name: Zengkai Zhang
Author-X-Name-First: Zengkai
Author-X-Name-Last: Zhang
Author-Name: Huimin Wang
Author-X-Name-First: Huimin
Author-X-Name-Last: Wang
Author-Name: Kunfu Zhu
Author-X-Name-First: Kunfu
Author-X-Name-Last: Zhu
Author-Name: Yaling Lu
Author-X-Name-First: Yaling
Author-X-Name-Last: Lu
Author-Name: Xi Liu
Author-X-Name-First: Xi
Author-X-Name-Last: Liu
Title: Trade heterogeneity and virtual water exports of China
Abstract:
China is facing serious water scarcity, and the effects of international trade on its water resources have been widely examined. Processing exports account for nearly half of China’s gross exports. Adopting China’s multi-regional input–output table that captures processing exports, we enrich the literature on virtual water exports by accounting for trade heterogeneity. The results show that China’s virtual water exports show a significant trade heterogeneity. Normal and processing exports are attributed to 86.7% and 13.3% of the Agriculture sector’s water use induced by exports respectively. Conversely, normal and processing exports are attributed to 31.8% and 68.3% of the Communications Equipment, Computers sector’s water use induced by exports respectively. In addition, a cross-regional compensation is needed to deal with the unequal regional distribution of water uses and economic benefits related to exports.
Journal: Economic Systems Research
Pages: 397-416
Issue: 3
Volume: 35
Year: 2023
Month: 07
X-DOI: 10.1080/09535314.2022.2035689
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2035689
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# input file: CESR_A_2142528_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Meihui Jiang
Author-X-Name-First: Meihui
Author-X-Name-Last: Jiang
Author-Name: Cai Suo
Author-X-Name-First: Cai
Author-X-Name-Last: Suo
Author-Name: Liangpeng Wu
Author-X-Name-First: Liangpeng
Author-X-Name-Last: Wu
Author-Name: Peter Berrill
Author-X-Name-First: Peter
Author-X-Name-Last: Berrill
Title: Consumption structure optimization for reducing energy footprint
Abstract:
To investigate how to obtain the optimal balance between energy consumption and economic development, this paper proposes a multifactor optimization model (MFOM). Different from previous input–output optimization models, our proposed MFOM comprehensively considers the direct and indirect impacts of sectoral consumption activities on total energy consumption. The results show that MFOM achieves higher energy-saving goals by smaller adjustment to consumption activities than the previous input–output optimization models do. The results also show that the consumption of some products should be limited to achieve the energy-saving and economic growth goals, such as Non-ferrous Metal Ore Mining, Chemical Products and Ferrous Metal Ore Processing. Furthermore, the results indicate that the share of some sectors, especially high-level manufacturing sectors, significantly decreases in the consumption structure after optimization. To maintain the sustainable development of these sectors, the dependence of their production activities on energy-intensive products should be reduced.
Journal: Economic Systems Research
Pages: 458-477
Issue: 3
Volume: 35
Year: 2023
Month: 07
X-DOI: 10.1080/09535314.2022.2142528
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2142528
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# input file: CESR_A_2174002_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Ershad Ostadzadeh
Author-X-Name-First: Ershad
Author-X-Name-Last: Ostadzadeh
Author-Name: Amin Elshorbagy
Author-X-Name-First: Amin
Author-X-Name-Last: Elshorbagy
Author-Name: Marta Tuninetti
Author-X-Name-First: Marta
Author-X-Name-Last: Tuninetti
Author-Name: Francesco Laio
Author-X-Name-First: Francesco
Author-X-Name-Last: Laio
Author-Name: Ahmed Abdelkader
Author-X-Name-First: Ahmed
Author-X-Name-Last: Abdelkader
Title: Who will dominate the global fossil fuel trade?
Abstract:
Fossil fuels are not distributed evenly throughout the world, and hence the countries rely heavily on international trade to secure energy supply. Characterization of the energy trade network is needed to conduct long-term assessments of energy security. This study proposes a modeling framework to assess the evolution of energy trade under current conditions as well as under future scenarios up to 2050. The total trade of each country is estimated with trade predictive models (TPMs) using key variables. Subsequently, a matrix-balancing method (RAS) is used to estimate the annual bilateral trades. The projected energy trade network in 2050 varies under each shared socioeconomic pathway (SSP) of the future, with annual fossil fuel global trades among countries ranging between 538 and 215 EJ. Canada, USA, Venezuela, and China are projected to dominate the global trade network, with Canada-USA remaining the most dominant fossil fuel trade link up to 2050.
Journal: Economic Systems Research
Pages: 354-375
Issue: 3
Volume: 35
Year: 2023
Month: 07
X-DOI: 10.1080/09535314.2023.2174002
File-URL: http://hdl.handle.net/10.1080/09535314.2023.2174002
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Handle: RePEc:taf:ecsysr:v:35:y:2023:i:3:p:354-375
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# input file: CESR_A_2012430_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Yuwan Duan
Author-X-Name-First: Yuwan
Author-X-Name-Last: Duan
Author-Name: Erik Dietzenbacher
Author-X-Name-First: Erik
Author-X-Name-Last: Dietzenbacher
Author-Name: Bart Los
Author-X-Name-First: Bart
Author-X-Name-Last: Los
Author-Name: Cuihong Yang
Author-X-Name-First: Cuihong
Author-X-Name-Last: Yang
Title: Processing trade in Chinese interregional input–output tables: construction and application
Abstract:
We construct new interregional input–output tables for China, which can be used to analyze changes in the interindustry linkages within and between eight Chinese regions, and their consequences. We claim that analyses based on these tables yield more accurate results than analyses using existing interregional input–output tables for China, because our tables explicitly account for a typical feature of the Chinse economy: the importance of processing exports activities. These activities rely heavily on imported inputs and much less on inputs sourced from domestic regions. Accounting for such differences between processing exports and other production activities reduces aggregation biases. We illustrate the usefulness of the tables by computing supply chain fragmentation indices for China and quantifying the biases that are avoided by using our input–output tables instead of conventional ones. We make our tables (for 2002, 2007 and 2012) publicly available.
Journal: Economic Systems Research
Pages: 566-585
Issue: 4
Volume: 35
Year: 2023
Month: 10
X-DOI: 10.1080/09535314.2021.2012430
File-URL: http://hdl.handle.net/10.1080/09535314.2021.2012430
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# input file: CESR_A_2065466_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Marina Yegorovna Anokhina
Author-X-Name-First: Marina Yegorovna
Author-X-Name-Last: Anokhina
Title: Fuzzy cognitive model of agricultural economic growth
Abstract:
Agrarian growth is becoming increasingly important to many countries as the global demand for food rises, natural resources become scarcer, and environmental problems deepen. Herein, I propose a mechanism for designing agricultural growth management strategies that is based on fuzzy cognitive logic. The research presented is built on three main findings. First, it integrates established theories of economic growth, economic cyclicality, and sectoral market theories into a model of agricultural growth management. This enables the identification of main growth factors and the determination of the nature of their effects on agricultural dynamics. Second, I develop an algorithm for cognitive analysis of agricultural growth management and justify both this mathematical apparatus and the tools it uses. And third, I conduct a computational experiment that applies cognitive technologies to generate what I believe is the best agricultural economic growth strategy for Russia.
Journal: Economic Systems Research
Pages: 658-680
Issue: 4
Volume: 35
Year: 2023
Month: 10
X-DOI: 10.1080/09535314.2022.2065466
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2065466
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Handle: RePEc:taf:ecsysr:v:35:y:2023:i:4:p:658-680
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# input file: CESR_A_2067029_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Tânia Moreira Alberti
Author-X-Name-First: Tânia Moreira
Author-X-Name-Last: Alberti
Author-Name: Kênia de Souza
Author-X-Name-First: Kênia
Author-X-Name-Last: de Souza
Author-Name: Alexandre Porsse
Author-X-Name-First: Alexandre
Author-X-Name-Last: Porsse
Title: Poverty and the functional distribution of income in the input–output framework: in pursuit of strategies for inclusive growth
Abstract:
The eradication of poverty as proposed by the first Sustainable Development Goal is one of the main challenges faced by all countries, especially the underdeveloped and developing nations. In this paper, we develop an approach for integrating the input–output framework with a microsimulation model where consumption and income data are highly disaggregated and along with Miyazawa linkages. This allows us to identify how sectoral economic structure affects income distribution. This, in turn, provides information relevant to the inclusive growth policies that can create work opportunities for the low-income population and, thereby eliminating poverty. Results show how labor-intensive sectors might be important in ending poverty and in reducing inequality. They even show the set of activities that could best contribute to this goal via changes in the productive structure.
Journal: Economic Systems Research
Pages: 614-633
Issue: 4
Volume: 35
Year: 2023
Month: 10
X-DOI: 10.1080/09535314.2022.2067029
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2067029
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Handle: RePEc:taf:ecsysr:v:35:y:2023:i:4:p:614-633
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# input file: CESR_A_2062302_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Casiano A. Manrique-de-Lara-Peñate
Author-X-Name-First: Casiano A.
Author-X-Name-Last: Manrique-de-Lara-Peñate
Author-Name: José J. Déniz-Mayor
Author-X-Name-First: José J.
Author-X-Name-Last: Déniz-Mayor
Title: The business accounting matrix: a proposal with an application
Abstract:
National accounting matrices (NAM) perfectly describe the economic structure of a national economy, summarising the whole process of generation of primary income and its distribution among the different institutional sectors of the economy. It is not just a way to represent the main economic statistics of an economy but it also serves as the basis for most macroeconomic modelling efforts. The business accounting matrix (BAM) presents the most relevant information for the firm in a similar way, adapted to the descriptive potential of financial accounting, what we believe can be useful both for economic modellers and for decision makers at the firm level. Our intention is not to convince business administrators to change their accounting paradigm but to help analysts and researchers to obtain a comprehensive description of the activity of a firm aligned to well recognised economic statistical standards.
Journal: Economic Systems Research
Pages: 516-540
Issue: 4
Volume: 35
Year: 2023
Month: 10
X-DOI: 10.1080/09535314.2022.2062302
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2062302
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Handle: RePEc:taf:ecsysr:v:35:y:2023:i:4:p:516-540
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# input file: CESR_A_2091427_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Raúl Vázquez-López
Author-X-Name-First: Raúl
Author-X-Name-Last: Vázquez-López
Title: Assessing employment benefits from trade: US-Mexico trade under NAFTA
Abstract:
Recent tendencies in the operation of Global Value Chains (GVC) have indicated an increasingly asymmetric distribution of benefits in terms of the participating countries and different layers of workers. This paper employs the World Input–Output Database to calculate the working hours and wages embodied in manufacturing exports between the US and Mexico, by country of origin and skill level, from 1995 to 2008. In purchasing power, the increase in total wages paid in the US, generated by the bilateral trade, was significantly higher than that of wages paid in Mexico, even though the additional number of hours worked in Mexico was seven times higher. For the US, the results ratify the loss of jobs after 2001, but with an upgrade of the skill structure. We conclude that the trend towards replacement of low-skilled labour by more capital-intensive systems occurs within GVC to the detriment of the incomes of low-skilled workers.
Journal: Economic Systems Research
Pages: 541-565
Issue: 4
Volume: 35
Year: 2023
Month: 10
X-DOI: 10.1080/09535314.2022.2091427
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2091427
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Handle: RePEc:taf:ecsysr:v:35:y:2023:i:4:p:541-565
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# input file: CESR_A_1981830_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Luis Enrique Pedauga
Author-X-Name-First: Luis Enrique
Author-X-Name-Last: Pedauga
Author-Name: Agustin Velazquez
Author-X-Name-First: Agustin
Author-X-Name-Last: Velazquez
Author-Name: Elvis Hernández-Perdomo
Author-X-Name-First: Elvis
Author-X-Name-Last: Hernández-Perdomo
Title: Systemic risk and macro-financial interconnectedness using an FSAM framework
Abstract:
We provide a general framework to assess the traceability of systemic risk and macro interconnectedness to understand the financial risk transmissions channels. Our contribution help address the information need established in the DGI-2 in a FSAM-based model that fully captures the interconnectedness between real and financial sectors. Recent developments in the field of IO and SAM evaluations have led to a renewed interest in the usage of linkage analysis to measure the role that a sector play within the economy. Focusing on the backward and forward linkage, hypothetical extraction method, and structural path analysis, we show how feasible it is to include heterogeneous financial institutions to study risk interactions effects on macroeconomic outcomes. This paper’s proposal may be useful for thinking about how micro-data and macro-aggregates can be incorporated into the set of financial soundness indicators, allowing to obtain an idea of the vulnerabilities of the financial sector.
Journal: Economic Systems Research
Pages: 479-515
Issue: 4
Volume: 35
Year: 2023
Month: 10
X-DOI: 10.1080/09535314.2021.1981830
File-URL: http://hdl.handle.net/10.1080/09535314.2021.1981830
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# input file: CESR_A_2153221_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Alessandro Borin
Author-X-Name-First: Alessandro
Author-X-Name-Last: Borin
Author-Name: Michele Mancini
Author-X-Name-First: Michele
Author-X-Name-Last: Mancini
Title: Measuring what matters in value-added trade
Abstract:
The spread of global value chains (GVCs) has given rise to new statistical tools, the inter-country input–output tables, and new analytical frameworks aimed at properly identifying production linkages between and within economies. However, several important questions remain unaddressed. This paper proposes a new toolkit for value-added accounting of trade flows at the aggregate, bilateral, and sectoral levels. The paper shows how different empirical issues require distinct accounting perspectives and maps these methodologies onto the economic questions they are best suited to address. We provide novel accounting perspectives that allow us to properly address important empirical issues. With respect to other accounting methodologies previously proposed in the literature, we offer more accurate or, in some cases, more exhaustive value-added decompositions of trade flows (e.g. by covering both domestic and foreign value-added). In addition, the paper gathers a significant amount of the related literature under one comprehensive framework.
Journal: Economic Systems Research
Pages: 586-613
Issue: 4
Volume: 35
Year: 2023
Month: 10
X-DOI: 10.1080/09535314.2022.2153221
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2153221
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Handle: RePEc:taf:ecsysr:v:35:y:2023:i:4:p:586-613
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# input file: CESR_A_2135091_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20
Author-Name: Pablo R. Liboreiro
Author-X-Name-First: Pablo R.
Author-X-Name-Last: Liboreiro
Title: Estimating disguised unemployment in major middle-income countries by means of non-linear input–output analysis, 2000–2014
Abstract:
According to the disguised-unemployment hypothesis, significant wage differences between sectors in less-developed countries result from segmented labour markets and overcrowding of the flexible market segment. So stated, this hypothesis implies a way to measure non-open unemployment: by the amount of labour that must be withdrawn from the market for relative wages to change. Indeed, it is possible to undertake the exercise of comparing the actual employment of a country with a simulated ‘non-dualistic’ employment by means of a non-linear input-output model and taking the US wage structure as a benchmark. This simulation experiment was carried out for seven middle-income countries (Brazil, China, Indonesia, India, Russia, Mexico, and Turkey) using data from the 2016 Release of the World Input–Output Database. The results of the study are consistent with the disguised-unemployment hypothesis, as well as with related literature.
Journal: Economic Systems Research
Pages: 634-657
Issue: 4
Volume: 35
Year: 2023
Month: 10
X-DOI: 10.1080/09535314.2022.2135091
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2135091
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# input file: CESR_A_2122407_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Volkan Recai Cetin
Author-X-Name-First: Volkan Recai
Author-X-Name-Last: Cetin
Title: When do public transport investments really matter? A CGE analysis for Türkiye
Abstract:
In this study, the economic impact of public transport investments which have been extensively used as an investment policy tool in Türkiye is analysed from different fiscal policy and financing perspectives by employing a dynamic computable general equilibrium (CGE) model. The impact of public transport investments on key economic performance indicators of real GDP growth and unemployment and macroeconomic vulnerability indicators were investigated in alternative scenarios involving such different financing mechanisms as tax revenues, external borrowing, and public–private partnerships. The results assert that public transport investments stimulate economic growth and employment. Nevertheless, the financing mechanism is an essential factor that determines the level of the impact, its sustainability and in some cases its direction.
Journal: Economic Systems Research
Pages: 1-23
Issue: 1
Volume: 36
Year: 2024
Month: 01
X-DOI: 10.1080/09535314.2022.2122407
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2122407
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# input file: CESR_A_2272213_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Naci Dilekli
Author-X-Name-First: Naci
Author-X-Name-Last: Dilekli
Author-Name: Ignacio Cazcarro
Author-X-Name-First: Ignacio
Author-X-Name-Last: Cazcarro
Author-Name: Julio Sánchez-Chóliz
Author-X-Name-First: Julio
Author-X-Name-Last: Sánchez-Chóliz
Title: Regions may share factors of production, too: Implementation of topologies within the World Trade Model
Abstract:
The World Trade Model (WTM), which incorporates input - output data and minimizes global factor costs subject to satisfying demands while being constrained by each region's factor endowments, is one of models based on the principle of comparative advantage. These factor endowments are not necessarily fixed in each region as traditionally posed in most theories, but rather can or de facto be shared across regions. We highlight the importance of this feature for economic modeling, and then introduce an extension for the integration of topological rules into WTM to facilitate the sharing of factors with directionality (one-way or two-way) across regions. A series of numerical examples illustrating a range of sharing scenarios is demonstrated to facilitate an examination of this extension's features. Finally, we discuss the most interesting cases in which this topology can be used, as well as the additional challenges or implementations that can be derived from this work.
Journal: Economic Systems Research
Pages: 46-69
Issue: 1
Volume: 36
Year: 2024
Month: 01
X-DOI: 10.1080/09535314.2023.2272213
File-URL: http://hdl.handle.net/10.1080/09535314.2023.2272213
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# input file: CESR_A_2213394_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Severin Reissl
Author-X-Name-First: Severin
Author-X-Name-Last: Reissl
Author-Name: Alessandro Caiani
Author-X-Name-First: Alessandro
Author-X-Name-Last: Caiani
Author-Name: Francesco Lamperti
Author-X-Name-First: Francesco
Author-X-Name-Last: Lamperti
Author-Name: Tommaso Ferraresi
Author-X-Name-First: Tommaso
Author-X-Name-Last: Ferraresi
Author-Name: Leonardo Ghezzi
Author-X-Name-First: Leonardo
Author-X-Name-Last: Ghezzi
Title: A regional input-output model of the COVID-19 crisis in Italy: decomposing demand and supply factors
Abstract:
We propose an empirically estimated inter-regional input-output model of the Italian economy designed for COVID-19 impact assessment, intended as a tool for public authorities facing comparable adverse events and requiring timely estimates of sectoral and regional economic impacts. We evaluate the contributions of demand- and supply-side factors to output losses in Italy during the pandemic, providing insights on the suitability of demand- and supply-side policies. Supply-side shocks, as a consequence of mandated closures, are the primary driver of output losses only during the nationwide lockdown of spring 2020. During the following stages, changes in final demand due to income losses and changes in mobility play a pivotal role at the aggregate, regional, and sectoral levels. While this result supports demand-side policies, the efficacy of such policies may be hampered when final consumption demand is low chiefly due to reduced mobility rather than income losses.
Journal: Economic Systems Research
Pages: 100-130
Issue: 1
Volume: 36
Year: 2024
Month: 01
X-DOI: 10.1080/09535314.2023.2213394
File-URL: http://hdl.handle.net/10.1080/09535314.2023.2213394
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# input file: CESR_A_2138271_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Mohammad Masudur Rahman
Author-X-Name-First: Mohammad Masudur
Author-X-Name-Last: Rahman
Author-Name: Anna Strutt
Author-X-Name-First: Anna
Author-X-Name-Last: Strutt
Title: Costs of LDC graduation on market access: evidence from emerging Bangladesh
Abstract:
We empirically estimate the costs of LDC graduation on market access for Bangladesh using a computable general equilibrium modelling framework. If developed countries impose standard generalized system of preferences (GSP) tariffs while importing from Bangladesh and at the same time Bangladesh eliminates its export subsidies, our modelling suggests that real gross domestic product (GDP) may drop by about 0.38 per cent and exports could fall by about six percent for Bangladesh. The ready-made garment sector could be affected severely, with results suggesting exports could decline by about 14 per cent. Our analysis indicates that the income of urban households could decrease by three per cent, and household consumption may shrink by about four per cent. To minimize these potentially adverse impacts, Bangladesh should aim to ensure market access continues through signing preferential trade agreements. In addition, streamlined subsidy policies, enhanced domestic productivity, export diversification, and increased foreign investment, are likely to be important areas of focus for a smooth LDC graduation.
Journal: Economic Systems Research
Pages: 24-45
Issue: 1
Volume: 36
Year: 2024
Month: 01
X-DOI: 10.1080/09535314.2022.2138271
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2138271
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# input file: CESR_A_2188436_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Claudio Socci
Author-X-Name-First: Claudio
Author-X-Name-Last: Socci
Author-Name: Marcello Signorelli
Author-X-Name-First: Marcello
Author-X-Name-Last: Signorelli
Author-Name: Silvia D’Andrea
Author-X-Name-First: Silvia
Author-X-Name-Last: D’Andrea
Author-Name: Stefano Deriu
Author-X-Name-First: Stefano
Author-X-Name-Last: Deriu
Author-Name: Francesca Severini
Author-X-Name-First: Francesca
Author-X-Name-Last: Severini
Title: The three plans by Biden: effects on economic growth and income inequality
Abstract:
The three budgetary plans under Biden’s presidency—the American Rescue Plan, the American Families Plan, and the American Job Plan–encompass a set of measures meant to expand investments, support production processes, stimulate private consumption, and protect the labor market through transfers, tax credits, production subsidies, and federal unemployment benefits. Thus, besides relieving the economic system, these plans aim to drastically reduce poverty. This study attempts to disentangle the direct, indirect, and induced economic effects generated by these plans in a well-defined time-lapse through a dynamic computable general equilibrium model based on the social accounting matrix for the US. This approach enables the simulation of shocks from both the demand and supply sides, as well as policies for income redistribution. The simulation scenarios’ results prove the plans’ effectiveness vis-à-vis economic growth and support to households, as well as the peculiar effects on income inequality.
Journal: Economic Systems Research
Pages: 70-99
Issue: 1
Volume: 36
Year: 2024
Month: 01
X-DOI: 10.1080/09535314.2023.2188436
File-URL: http://hdl.handle.net/10.1080/09535314.2023.2188436
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# input file: CESR_A_2272211_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Nina Knittel
Author-X-Name-First: Nina
Author-X-Name-Last: Knittel
Author-Name: Max Tesselaar
Author-X-Name-First: Max
Author-X-Name-Last: Tesselaar
Author-Name: W. J. Wouter Botzen
Author-X-Name-First: W. J.
Author-X-Name-Last: Wouter Botzen
Author-Name: Gabriel Bachner
Author-X-Name-First: Gabriel
Author-X-Name-Last: Bachner
Author-Name: Timothy Tiggeloven
Author-X-Name-First: Timothy
Author-X-Name-Last: Tiggeloven
Title: Who bears the indirect costs of flood risk? An economy-wide assessment of different insurance systems in Europe under climate change
Abstract:
Anticipated increase in future river flood risk highlights the need for effective flood insurance, as it enables hedging against this risk. However, its design varies significantly across countries. This study contributes to the debate on designing flood insurance mechanisms from an economy-wide perspective, considering both socioeconomic and climate changes. We apply a multi-regional computable general equilibrium (CGE) model for 2050 and find that, under current insurance market systems, flood risk causes regional GDP losses of up to −0.5%, societal welfare losses of up to −1%, and private and public consumption losses of up to −0.5% and −2.4%, respectively. These estimates are all relative to a scenario without flood risk. Our results indicate that flood risk intensifies pressure on public budgets. We find that insurance market reforms, including a higher degree of risk-sharing, mandatory purchase requirements, and public reinsurance, can alleviate adverse welfare effects and the burden on public budgets.
Journal: Economic Systems Research
Pages: 131-160
Issue: 1
Volume: 36
Year: 2024
Month: 01
X-DOI: 10.1080/09535314.2023.2272211
File-URL: http://hdl.handle.net/10.1080/09535314.2023.2272211
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Handle: RePEc:taf:ecsysr:v:36:y:2024:i:1:p:131-160
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# input file: CESR_A_2215909_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Ran Huang
Author-X-Name-First: Ran
Author-X-Name-Last: Huang
Author-Name: Haixin Wang
Author-X-Name-First: Haixin
Author-X-Name-Last: Wang
Title: Asymmetric tail risk contagion across China’s automotive industrial chain: a study based on input–output network
Abstract:
The input-output network of an industrial chain provides a channel for risk transmission. Using Smooth-Transition Vector Autoregression model (STVAR) and Diebold-Yilmaz directional connectedness measures, we explore tail risk (extreme risk) contagion across China’s automotive industrial chain. We find significant spillover effects that are asymmetric in different phases of China’s business cycle, monetary cycle, and policy uncertainty. When China’s economy is in a recession, under a monetary expansion, or at a high level of policy uncertainty, the total risk spillover across the chain is higher. We also find apparent risk spillover from the financial services industries to the automotive industrial chain as China’s economy is in a recession or a monetary expansion period. Still, a reverse spillover is found as policy uncertainty is at a high level. Meanwhile, the direction of risk propagation across the automotive industrial chain may change with the transition in the economic state or policy uncertainty state.
Journal: Economic Systems Research
Pages: 161-190
Issue: 1
Volume: 36
Year: 2024
Month: 01
X-DOI: 10.1080/09535314.2023.2215909
File-URL: http://hdl.handle.net/10.1080/09535314.2023.2215909
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Handle: RePEc:taf:ecsysr:v:36:y:2024:i:1:p:161-190
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# input file: CESR_A_2159792_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Jan Oosterhaven
Author-X-Name-First: Jan
Author-X-Name-Last: Oosterhaven
Title: Price re-interpretations of the basic IO quantity models result in the ultimate input-output equations
Abstract:
This note shows that Leontief's well-known demand-driven input–output (IO) quantity model may also be interpreted as the almost unknown revenue-pull IO price model, but measured in value terms instead of in prices. It is also shown how these two demand-driven models may be combined into a single ultimate demand-driven IO equation. An analogous result holds for the supply-driven quantity model and the cost-push price model, which results in a single ultimate supply-driven IO equation. The new price interpretation of the Leontief quantity model opens up hitherto unused possibilities to simulate interindustry demand-driven inflation processes, just as the price interpretation of the Ghosh quantity model enables simulations of supply-driven inflation processes.
Journal: Economic Systems Research
Pages: 191-200
Issue: 2
Volume: 36
Year: 2024
Month: 04
X-DOI: 10.1080/09535314.2022.2159792
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2159792
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Handle: RePEc:taf:ecsysr:v:36:y:2024:i:2:p:191-200
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# input file: CESR_A_2213392_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Ana-Isabel Guerra
Author-X-Name-First: Ana-Isabel
Author-X-Name-Last: Guerra
Author-Name: Ferran Sancho
Author-X-Name-First: Ferran
Author-X-Name-Last: Sancho
Title: An extension of the hypothetical extraction method: endogenous consumption and the armington treatment of imports
Abstract:
The hypothetical extraction method (HEM) is the tool of choice for identifying underlying economic interdependencies. It provides critical information to policymakers regarding the strategic role of different sectors. However, the standard implementation of the HEM does not include the impact that falls on the price structure as a result of the substitution between domestic and imported products that takes place after the extraction of a sector or industry, in this case. We propose to overcome this limitation by extending the HEM using an Armington-Leontief model with endogenous consumption. Unlike the perfect substitution assumption typical of the standard HEM, the Armington assumption with endogenous consumption implies that the shift from domestic inputs to imports affects the cost functions. Therefore, both quantities and prices become endogenous in the ‘post-extraction' equilibrium. We also argue that HEM indicators should be expanded beyond the typical output-related indicators, i.e. value-added, employment, or pollutant levels, so that summary indices of the type more commonly used in economics, such as welfare indicators, are used. We implement this novel approach using the latest input–output data for Spain in 2016.
Journal: Economic Systems Research
Pages: 319-335
Issue: 2
Volume: 36
Year: 2024
Month: 04
X-DOI: 10.1080/09535314.2023.2213392
File-URL: http://hdl.handle.net/10.1080/09535314.2023.2213392
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Handle: RePEc:taf:ecsysr:v:36:y:2024:i:2:p:319-335
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# input file: CESR_A_2204393_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Kurt Kratena
Author-X-Name-First: Kurt
Author-X-Name-Last: Kratena
Title: Effective demand, wages and prices, and the multiplier
Abstract:
The calculation of multipliers is the core of impact analysis with input–output (IO) models. Given this focus of IO modeling on the multiplier, it is remarkable that IO analysis has not contributed to the recent macroeconomic debate on fiscal multiplier heterogeneity. This heterogeneity stems from differences in consumption reactions to income shocks and from downward wage rigidity. Both features are absent in most IO models. In this paper, a macroeconomic IO model with a wage function is set up, where at high unemployment rates, downward wage rigidity allows for large real income and multiplier effects. At full employment, demand shocks mainly induce price adjustments. The model reveals GDP multiplier heterogeneity in line with the recent macroeconomic literature, ranging from 0.3 (boom) to 1.4 (recession). The GDP multiplier result of the standard type II model even outperforms the multiplier in the recession case and therefore is most probably biased.
Journal: Economic Systems Research
Pages: 226-248
Issue: 2
Volume: 36
Year: 2024
Month: 04
X-DOI: 10.1080/09535314.2023.2204393
File-URL: http://hdl.handle.net/10.1080/09535314.2023.2204393
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Handle: RePEc:taf:ecsysr:v:36:y:2024:i:2:p:226-248
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# input file: CESR_A_2157249_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Luis Tormo García
Author-X-Name-First: Luis
Author-X-Name-Last: Tormo García
Author-Name: Paz Rico Belda
Author-X-Name-First: Paz Rico
Author-X-Name-Last: Belda
Author-Name: Francisco Morillas Jurado
Author-X-Name-First: Francisco
Author-X-Name-Last: Morillas Jurado
Author-Name: Bernardí Cabrer-Borrás
Author-X-Name-First: Bernardí
Author-X-Name-Last: Cabrer-Borrás
Title: A new approach to the hypothetical extraction method: regional full extraction
Abstract:
This paper proposes a generalisation of the regional extraction method used by Dietzenbacher at el. [(1993). The regional extraction method: EC input–output comparisons. Economic System Research, 5(2), 185–206. https://doi.org/10.1080/0953-5319300000017]. The production system represented by an input–output table is broken down into three flow matrices: intermediate input, final demand, and value added. The approach of Dietzenbacher et al. (1993) focuses on the input matrix to obtain both the backward and forward dependencies. The present paper, offers an alternative approach includes the final demand matrix to calculate the backward dependencies, while the value-added matrix is included for the forward dependencies. These two approaches are then compared by applying them to the empirical data based on the EUREGIO database. The results indicate that the Dietzenbacher et al. approach underestimates the dependencies, and the difference between these two approaches could lead to a different ranking of the dependence of the regions.
Journal: Economic Systems Research
Pages: 292-318
Issue: 2
Volume: 36
Year: 2024
Month: 04
X-DOI: 10.1080/09535314.2022.2157249
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2157249
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Handle: RePEc:taf:ecsysr:v:36:y:2024:i:2:p:292-318
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# input file: CESR_A_2137008_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Aleix Altimiras-Martin
Author-X-Name-First: Aleix
Author-X-Name-Last: Altimiras-Martin
Title: A supply-driven model consuming simultaneously all primary inputs: unfolding analytical potential beyond the Ghosh model
Abstract:
The Ghosh model fails to endogenise the simultaneous consumption of primary inputs and, consequently, is unused. It is argued that this limitation stems from being specified mirroring the Leontief model. In particular, primary inputs are considered homogeneous and independent despite being heterogeneous and (intersectorally) dependent. A new supply-driven model endogenising the consumption of all primary inputs except the one driving the model is developed. It displays new features: structural linearity and structural variability. An input multiplier analysis illustrates that the new model's total requirements matrix represents the actual structure of the economy, overcoming the Ghosh model's ‘limitation’. Also, it is exemplified how to use complementary information from the Ghosh model to deepen structural analyses. Thus, this paper solves a long-lasting theoretical inconsistency in IO modelling and unfolds new analytical potential, hopefully rekindling the interest in supply-driven analyses.
Journal: Economic Systems Research
Pages: 249-264
Issue: 2
Volume: 36
Year: 2024
Month: 04
X-DOI: 10.1080/09535314.2022.2137008
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2137008
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Handle: RePEc:taf:ecsysr:v:36:y:2024:i:2:p:249-264
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# input file: CESR_A_2170217_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Fernando de la Torre Cuevas
Author-X-Name-First: Fernando
Author-X-Name-Last: de la Torre Cuevas
Author-Name: Xesús Pereira
Author-X-Name-First: Xesús
Author-X-Name-Last: Pereira
Author-Name: Edelmiro López-Iglesias
Author-X-Name-First: Edelmiro
Author-X-Name-Last: López-Iglesias
Title: A new alternative for matrix balancing under conflicting information
Abstract:
Balancing input–output tables using iterative proportional fitting techniques can be prevented due to conflicting information. What is to be done in such cases? Literature suggests a wide variety of alternative methods. Within iterative proportional fitting techniques, modifying the constraint set to circumvent conflicting information problems has been suggested as a promising avenue. Following this approach, we identify some opportunities for improvement not yet been addressed. As a result of this research, we present an iterative proportional fitting variant. Our algorithm uses information contained in the matrix to be balanced for dynamically modifying our constraint set. We ensure economically meaningful solutions, avoiding unsought sign flips. We also respect all macroeconomic aggregates. To illustrate our findings, we provide an empirical example based on the supply-use tables for the region of Galicia (Northwest Spain). Results suggest that our methodological proposal can yield estimates almost as accurate as other alternatives while avoiding undesired outcomes.
Journal: Economic Systems Research
Pages: 265-291
Issue: 2
Volume: 36
Year: 2024
Month: 04
X-DOI: 10.1080/09535314.2023.2170217
File-URL: http://hdl.handle.net/10.1080/09535314.2023.2170217
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Handle: RePEc:taf:ecsysr:v:36:y:2024:i:2:p:265-291
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# input file: CESR_A_2164179_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a
Author-Name: Louis de Mesnard
Author-X-Name-First: Louis
Author-X-Name-Last: de Mesnard
Title: Input-output price indexes: forgoing the Leontief and Ghosh models
Abstract:
In input-output analysis, the Leontief and Ghosh models can be used to determine the price indexes of goods, which is convenient for analyzing inter-industry inflation. Their respective merits are debated, but both provide the same solution. We demonstrate that, contrary to common belief, it is superfluous to use the Leontief or Ghosh model to calculate price indexes: the price index vector alone satisfies the accounting identities without assuming constant coefficients. So, in contrast to the Leontief and Ghosh models, price indexes can be derived ‘instantly’, without a round-by-round process. Conducting research on price indexes deduce from the Leontief or Ghosh model becomes pointless: it suffices to study price indexes deduced from the data. We illustrate these findings with an application for France 2018. The same is demonstrated for prices with the data given in physical quantities.
Journal: Economic Systems Research
Pages: 201-225
Issue: 2
Volume: 36
Year: 2024
Month: 04
X-DOI: 10.1080/09535314.2022.2164179
File-URL: http://hdl.handle.net/10.1080/09535314.2022.2164179
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Handle: RePEc:taf:ecsysr:v:36:y:2024:i:2:p:201-225