Inter-industry Analysis Research Articles

대형마트의 발전 방향

Due to a combination of sales regulations and lack of innovation, the growth of large marts is stagnating and profitability is deteriorating. Accordingly, this study examined the impact of large smarks on the national economy, especially on production, added value, employment, sales of suppliers, and tax revenues, through industry correlation analysis and other algebraic calculations. As a result of inter-industry analysis, large marts increase the annual production, added value, and employment by KRW 10 trillion, KRW 11 trillion, and 210,000 people in the wholesale/retail and product brokerage service industries, respectively, and by KRW 43 trillion, KRW 38 trillion, and 320,000 people, respectively, in the industry as a whole. In addition, large marts increase supplier sales by KRW 14 trillion per year and tax revenues by KRW 917.3 billion per year (corporate tax KRW 264.5 billion + value-added tax KRW 652.8 billion). Therefore, it can be said that the impact of large marts on the national economy is truly enormous. Therefore, the government needs to help large marts become competitive by reevaluating populist regulations on large marts that are not helpful to the national economy and open the way for large marts to provide better products and services. In addition large marts need to demonstrate its entrepreneurial spirit and innovate in products and services so that people continue to visit the large marts.

Analysis of Social Indirect Impacts from Water Use in the Agricultural Sector Using Inter-Industry Analysis

농업분야에서 발생하는 피해는 직접적인 영향만을 정량적으로 산정할 뿐 간접적인 피해영향의 분석방법은 제시되어 있지 않다. 따라서, 본 연구에서는 대표적인 사회간접영향 분석방법인 산업연관분석을 이용하여 농업분야의 농업용수 이용에 대하여 분석하였다. 산업연관표의 대상연도는 농업분야의 피해가 발생한 2015년을 선정하였다. 농업분야는 농림수산품의 산업분야를 선정하였으며 5가지의 산업연관분석 모형을 적용하였다. 분석결과 산출액이 1원 만큼 증가하였을 때 전체 산업에 대한 생산유발효과는 0.65441원, 부가가치유발효과는 0.23756원이 취업유발효과는 10억원에 3.29854명의 취업가능한 것으로 분석되었다. 공급지장효과는 전체 산업에서 2.39342원의 감소가 발생하며 물가파 급효과는 산출물의 가격이 10% 상승하였을 때 전체 산업에서는 6.79571%의 물가가 증가하는 것으로 분석되었다.

러시아 금융산업의 경제기여도 변화

After the outbreak of the Russia-Ukraine War in February 2022, Russia was effectively cut off from the global financial system by being kicked out of the SWIFT payment network. Consequently, the development of the financial market has become an urgent task for Russia. In this paper, an inter-industry analysis was conducted for countries in transition, such as Russia, the Czech Republic, 경Poland, and Kazakhstan, using input-output tables from 1999 to 2018 provided by the OECD. According to the research findings, the financial industries of the four countries showed relatively high forward linkage effects and low backward linkage effects. In other words, they are categorized as intermediate-demand primitive industries. In addition, the Russian financial industry was found to have the following characteristics. First, it does not yet account for a large portion of the national economy and has experienced ups and downs due to economic fluctuations, but is growing relatively steadily. Second, although the financial industry is not a core industry in the Russian economy, it is of great importance because of its relatively high-added value and production support effect of other industries. Third, given the growing support effect of other industries, it is likely that the higher productivity and efficiency in the financial market will contribute to the competitiveness of other industries. This suggests the need to increase the proportion of the Russian financial industry in the national economy. In this context, the policy for the efficient development of the financial market implemented by the Russian government appears to be desirable. In particular, if the efficiency of the financial sector is improved and costs are reduced through the development of fintech, it will contribute more to the growth of other industries and the national economy.

Impact of industry clusters on the performance of Russian private companies: Inter-industry analysis

This paper discovers the sustainability of agglomeration externalities and robustness issues for Russian private real sector companies between 2011 to 2018. Agglomeration effects are measured with the Ellison—Glaeser index (industry is supposed to be clustered in certain region(s) if the EG value is high). Firms’ sales margin was chosen as the main performance characteristic (dependent variable). The sample was divided into six aggregated groups (agriculture, mining, manufacturing, transport, IT, services). For each of them, sustainability and robustness of the concentration effect were checked using OLS estimates obtained for each year. Companies, located in and out of the cluster were studied separately. Strong, sustainable, and positive concentration effects were found for the agricultural, mining and transport industries. Sustainable negative agglomeration effects appear for the manufacturing and service industries. For IT companies located inside the industry cluster the agglomeration effect appeared to be negative and for those outside it — positive.

산업연관분석을 이용한 라스트마일 배송산업 공급사슬구조의 탐색적 연구

The purpose of the study is to identify the degree of production induction effects and industrial synergy effects of the last mile delivery service industry. It also connects the industrial linkage structure of the last mile delivery industry with the concept of the supply chain. Ultimately, it identifies the structure of the service supply chain centered on the last mile delivery. It approaches research problems from a service science perspective. The philosophical basis of the study is the concept of service dominant logic. In addition, the research methodology is an inter-industry analysis of economics, and WIOD is used for analysis data. Petroleum product manufacturing and warehousing are the backward industries of the last mile delivery industry. And it seems clear that wholesale and retail industry are forward industries. Therefore, the last mile delivery industry plays a role in connecting the relationship between the supply industry, the manufacturing industry, and the distribution industry on the supply chain. In addition, the supply chain architecture of the last mile delivery service is significantly different from the existing manufacturing-oriented supply chain structure. Academically, the concept of a traditional manufacturing-oriented supply chain has been expanded to the service sector. And it identified the supply chain structure of the last mile delivery service. In practice, if a strategic industry is selected with limited resources, it will be an important indicator for determining investment priorities.

산업연관분석을 이용한 과기출연연 경제적 기여효과에 대한 연구: 한국생산기술연구원 사례를 중심으로

본 논문에서는 한국생산기술연구원의 지난 24년간 연구활동으로 인한 수혜기업의 경제적 성과를 산업연관표를 이용하여 분석하였다. 지원분야가 다양하고, 산업간 연관관계가 복잡하게 얽혀 있기 때문에 산업연관표를 이용하여 분석하고 그 결과를 고찰하였다. 분석 결과 생기원은 지난 24년 간 연구개발로 인해 전 산업에 걸쳐 총 10조 1천억 원의 생산을 유발하고 임금, 이윤과 같은 부가가치는 총 3조 8천억 원을 창출하였으며, 이로 인해 23,418명의 고용을 창출한 것으로 나타났다. 생산유발효과만 감안하여 비용편익분석(cost benefit analysis) 효과로 해석하면 2.52에 달한다. 선행연구와 차이점은 산업연관표가 없는 년도에는 RAS방식으로 투입구조를 추정하고 24년간 장기간의 성과를 분석한 것이다. 2018년부터 기관별로 역할을 새로이 정립한 R&R(Roles & Responsibilities)의 효과성에 대해 이러한 방법론을 적용하여 일정 주기로 R&R의 유효성을 평가 · 점검하는 방식의 적용 가능성도 함께 검토하였으며, 향후 ‘과기출연연의 R&R’을 실효성 있게 시행하기 위해 경제적인 측면의 성과평가 방법으로 적용할 수도 있을 것으로 기대된다.

로봇산업이 타 산업에 미치는 경제적 효과에 관한 연구

This study set out to analyze the effects of the robot industry on the South Korean economy in order to make a contribution to the South Korean government"s elaborate policies and economic achievements with regard to the robot industry. For this purpose, the robot industry as the research topic was divided into manufacturing robots and the entire robot industry for analysis. Used in analysis were the demand & supply-driven model of input-output analysis and Leontif’s Price Model and Inter-industry Analysis. The analysis results show that manufacturing robots had production-inducing effects of 1.645 in the demand-driven model and added value-inducing effects of 0.623 on other industries. They also had supply shortage effects of 0.036 in the supply-driven model. The industry of manufacturing robots itself had production-inducing effects of 1.118 and added value-inducing effects of 0.272. Robots had high impacts on the manufacturing industry, recording production-inducing effects of 65.2%, supply shortage effects of 70.8%, and rather lower added value-inducing effects of 53.8%. The entire robot industry including manufacturing, service, and SW&parts had production-inducing effects of 0.703 and added value-inducing effects of 0.295 in the demand-driven model and supply shortage effects of 0.611 in the supply-driven model on other industries. As for the percentage of effects by the industry, production-inducing effects recorded 51.6% for secondary industries; added value-inducing effects 53.9% for tertiary industries; and supply shortage effects 64.2%. The inter-industry analysis results reveal that both the entire robot industry and manufacturing robots had lower forward linkage effects than 1 and a little higher backward linkage effects than 1, being categorized into the intermediate demand primary industry type.

Analysing Fuel Subsidy and Taxation Reform with Input–Output Data

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

Research for Comparing and Analyzing Economic Inducement Effect according to the Position of Distribution Facilities and Industrial Facilities: Focusing on Anseong-si

본 연구는 산업연관분석과 현황분석을 통해 물류창고업과 제조업의 경제유발효과를 실증적으로 비교･분석하여 물류시설 입지에 따른 긍정적 효과에 대하여 제고하였다. 산업연관분석결과 부가가치계수는 제조업 부문의 담배 (0.911) 다음으로 물류창고업(0.871)이 커서 물류창고업이 제조업보다 산업전반에 걸쳐 더 많은 부가가치를 유발하고 있음을 알 수 있으며, 임금근로자만 포함하는 고용유발계수는 물류시설이 9.9로 제조업의 전부문보다 커서 물류창고시설 입지가 제조업시설 입지보다 고용 창출효과가 더 크게 나타났다. 따라서 고용과 부가가치 유발 측면에서는 물류창고업이 제조업보다 경제유발효과가 더 있다는 것을 알 수 있다. 분석결과 물류창고업체당 종사자 수는 용인시 37.9명, 안성시 26.3명, 이천시 18.19명이고 제조업체당 종사자 수는 이천시 39.48명, 용인시 28.3명, 안성시 16.3명으로 이천시를 제외하고 물류창고업이 제조업보다 고용을 더 크게 유발하는 것으로 분석되었다. 따라서 현황분석에서도 물류창고업의 고용이 많은 것으로 나타나 물류시설이 경제유발효과가 더 큰 것으로 분석되었다. 안성시는 소규모 물류 창고가 72%이며 대부분의 창고들이 소규모로 영세한 현황이다. 소규모 물류창고를 집적화하고 물류단지로 개발하여 관리의 효율성을 높여야 한다. 따라서 도로 교통망이 양호하며 지리적으로 물류단지 입지조건이 우수한 지역인 안성시는 경제유발효과가 큰 물류창고시설을 계획적인 물류단지로 입지시킴으로써 높은 고용을 창출하고 부가가치를 유발시켜 지역경제 활성화를 유도하는 긍정적 효과가 있을 것으로 판단된다.Positive effect of the position of distribution facilities was considered by comparing and analyzing economic inducement effect of warehousing and manufacturing business empirically by inter-industry analysis and current situation analysis in this research. It is possible to know warehousing induces more value added than manufacturing business through overall industrial field because it is second largest (0.871) following the largest cigarette (0.911) of manufacturing field in value added coefficient based on inter-industry analysis, and the employment inducement coefficient only includes wage and salary workers of distribution facilities is 9.9 and larger than overall fields of manufacturing business, so the employment creation effect of distribution facilities position is larger than manufacturing facilities position. Therefore, there is more economic inducement effect in distribution facilities than manufacturing business in terms of employment and value added inducement. Warehousing induces more employment than manufacturing business excluding Icheon-si because the workers are 37.9 people in Yongin-si, 26.3 people in Anseong-si and 18.19 people in Icheon-si per each warehouse and 39.48 people in Icheon-si, 28.3 people in Yongin-si and 16.3 people in Anseong-si per each manufacturer based on current situation analysis. So, there is also more economic inducement effect in distribution facilities because there is more employment in distribution warehousing based on current situation analysis. Current situation of most of warehouse in Anseong-si are petty as small volume as 72% of them are small sized as only 16 pcs are more than 10,000 ㎡ in warehouse area and 41 pcs are less than 10,000㎡. The effectiveness of management should be increased by the integration of small sized warehouses developing as distribution complex. So, it is judged that there will be positive effect inducing regional economic vitality by creating high employment and inducing value added by positioning distribution warehouse facilities having large economic inducement effect as planned distribution complex to Anseong-si which is good in road and traffic network and superior in distribution complex positioning condition.

Intersectoral modeling of transients

Subject. The article considers structural transition processes in macroeconomics. Objectives. The aim is to present our own concept and mathematical tools to study structural transitions in macroeconomics. Dynamic inter-industry balance enables to formalize the problem in the form of a Koshi task for ordinary differential equations. Methods. The methodology components include the basics of inter-industry and numerical analysis and modeling of linear or linearized dynamic systems, integral criteria of system dynamics, stability and quality of transitional processes. We also apply a technique for analyzing the own dynamic properties of economic systems that solve the same sustainability-related challenges, but on the basis of algebraic methods and criteria. Results. We offer methods and mathematical tools for numerical study of sustainability and structural dynamics of macroeconomics. These methods are focused on integrating high-dimensional balance models and integral criteria for the quality of transition periods in the economy. The paper unveils advantages of calculating the matrix exponential and its integral in tasks involving analysis and forecasting, over other numerical methods. The proposed method permits to effectively build a difference scheme to integrate with any step of observation of the solution. In this case, the work step of integration is generated in the algorithm automatically, depending on changes in gross output. Conclusions. The paper presents a unique option to analyze transitional processes in macroeconomics. It is designed to develop and evaluate the results of pursued economic policy.

Economic Ripple Effect Analysis of New Converging Industry: Focusing on Inter-Industrial Analysis of Fintech Industry in South Korea, China and the United States

The Fintech industry is the convergence of the financial industry and the ICT (Information and Communications Technology) industry. It not only replaces the services provided by traditional financial services such as remittances, settlements, and asset management, but also creates new industries combined with ICT technology such as Cloud funding, P2P, and Internet Professional Bank. Therefore, this research focuses on the economic ripple effect of the Fintech industry on the national economy by inter-industrial analysis. At the same time, in order to learn the different circumstances of Fintech industry worldwide, this study conducted comparative research on Fintech leading countries in the United States and China with South Korea. All the economic ripple effects of South Korea, China, and the United States Fintech industry are relatively low among all industries, and the industrial characteristics are analyzed to be 'intermediate primary production' type industry. This study, as the first attempt, analyzes the current economic impact of Fintech in each country, and inspires future development direction of Fintech industrial policy.

Feasibility of the Fintech Industry as an Innovation Platform for Sustainable Economic Growth in Korea

This paper examines the feasibility of fintech as a platform for sustainable economic growth and as a prompter of the fourth industrial revolution. To analyze the role of fintech in the national economy, we first broaden its definition and compare its economic performance using three methodologies—Demand-driven model, Supply-driven model and industry linkage effect in interindustry analysis. We find that the fintech industry has a stronger effect on production inducement. Regarding industry linkage effects, fintech ranked the top in all 31 industries for the forward linkage effect and 22 for the background linkage effect—much higher than the traditional financial industry. This implies that the fintech industry is effective as the intermediate good with national demand as well as the final good. Particularly, this industry plays the roles of intermediate and final goods across almost all industries. That is, fintech could better promote overall national economic performance as a platform industry. Because most businesses within the fintech industry depend on innovation through the integration of finance and information technology, we find that fintech can feasibly prompt the fourth industrial revolution. Nonetheless, this industry is characterized by excessive regulations in Korea, indicating the need for negative regulation for new, innovative businesses within the fintech industry that would critically emphasize innovativeness for inclusive, sustainable economic growth.

A multiplier evaluation of primary factors supply–shocks in a regional economy

AbstractDemand‐side multipliers have ruled within multisectorial models as the main indicators for policy effectiveness and key‐sector determination both in linear interindustry analysis and in non‐linear applied general equilibrium models. In this paper we shift the perspective to supply‐side injections by studying the effects of marshalling additional primary factors (K, L) that give rise to a general resource reallocation. We obtain estimates of supply multipliers by numerically approximating the underlying and unobservable general equilibrium Jacobian matrix. These estimates provide complementary information to standard demand multipliers. We illustrate the methodology using an empirical general equilibrium model for the region of Andalusia, Spain.

An Inter-industry Analysis of the Korean Rolling Stock Exports with the 2014 Input-Output Statistics

An Inter-industry Analysis of the Korean Rolling Stock Exports with the 2014 Input-Output Statistics

THE BRAZILIAN INSERTION INTO THE INTERNATIONAL TRADE OF FOREST PRODUCTS CHAIN

ABSTRACT The growing demand for forest products and the increasing interest worldwide in this market requires studying the behavior and defining Brazil’s role in relation to other competitive countries in the sector. This study analyzed the international trade in forest products from 2000 to 2014 emphasizing Brazil’s role. The Revealed Comparative Advantage index (RCA) and Revealed Comparative Disadvantage index (RCD) were analyzed based on the matrix of the symmetric Aquino index, also through the intra-industry and interindustry analysis using the Grubel-Lloyd index. Brazil shows RCA in fuel wood, wood panels, wood floors and wood articles as well as wood pulp. Brazil imports relatively small amounts of wood; nevertheless, it still has relatively high dependence on paper importations.

Hands-on Management: Theoretical and Methodological Approaches and Russian Practice of State and Municipal Management

1. Introduction Over the recent years Russian researchers have published a lot of monographs and scientific articles devoted to the problems of state and municipal management. Scientific definitions were developed, and serious researches of the applied management mechanisms were made. However, in spite of the considerable scope of works made by the scientific community, some aspects of the practice of state and municipal management were not duly interpreted in terms of research and theory (Shekhovtsov et al., 2017; Medvedeva et al., 2016; Irizepova, 2015). They are still in the zone of "white spots" and weakly researched by the contemporary science. We can refer the hands-on management method to the category of such problems insufficiently studied by national researchers. Over the recent years this method has been rather widely used by all bodies of state and local authorities in Russia. In recent years the word-combination hands-on management itself has become rather popular and is from time to time used in public speeches of Russian state and public persons, officers, experts and representatives of mass media. Herewith, the scientific community has not yet formed general approaches to defining this notion and has not developed a general acknowledged system of criteria related to the results of its practical use and determination of the level of impact on political and social and economic life of the Russian state. Without claiming about the completeness of the scientific research of this problem, we will let ourselves share the results of our consideration about the practice and legitimacy of hands-on management and impact of this method on social and economic development of the contemporary Russia with the readers within the limited framework of this work. 2. Methodology The methodological framework of the conducted research was based on the provision of the entity of logical and historical approaches. The authors used methods widely used in the research activity--descriptive method, analysis and synthesis, deduction and induction, generalization, observation, forecasting, scientific abstraction, statistical analysis, system analysis as well as techniques of grouping, classifying, comparative historical and inter-industry analysis, expert judgements. The combination of these methods enabled the authors to provide the veracity of the conducted research and stipulation of its conclusions. The informational basis of the research included Russian and foreign works in state and municipal management, philosophy, sociology, economics, etc., materials of scientific conferences and seminars, scientific reports of institutions of the Russian Academy of Sciences. The experience of state and municipal management was fixed in official documents: the Constitution of the Russian Federation, current legislation, orders of the President of the country, decrees of the Government of the Russian Federation, programs of various parties and trade unions, materials of Russian legislative bodies, speeches of officials, experts, etc. 3. Results of Research 3.1. Basic Notions and Principal Categories of General Theory of Management Having studied a lot of sources, the authors of this work have not managed to find in scientific literature the definition of the notion hands-on management as one of the methods of state regulation of political and social and economic processes that take place in the contemporary Russian community accurately formulated and, what is the main, accepted by the majority of the scientific community. Without interfering scientific and theoretical disputes of researchers who deeply study this problematics, we will let ourselves remind the readers about the most general definition of the notion "management". In the future it will allow us to transfer to the analysis of the hands-on management practice considering it as an individual method of the management influence. …

The Spillover Effect of Coastal and Inland Shipping Rate Increase on Domestic Price Level with 2014 Input-Output Statistics

연안해운은 국가교통물류시스템에서 중요한 기간운송망의 한 축을 담당하고 있다. 연안해운은 2014년을 기준으로 7억5,600만 인km를 수송하면서 0.4%의 국내 여객운송을 분담하였고 1억1,792만 톤의 화물을 수송하면서 14.5%의 국내 화물운송을 분담하였다. 하지만 오늘날 우리의 연안해운은 영세한 업계, 노후한 선박, 선원과 경영진의 고령화 같은 구조적인 문제들 때문에 심각한 경영압박을 받고 있다. 그럼에도 불구하고 외항해운이 수출의 첨병역할을 하기 때문에 정부의 해운정책은 연안해운보다는 주로 외항해운에 치우쳐 있는 편이다. 본 연구는 산업연관분석 방법론을 사용하여 연안해운업의 중요성을 산업경제학(mesoeconomics)적 시각에서 살펴보 았다. 심각한 경영압박을 받고 있는 연안해운 업계가 정부의 여타 보조정책이 없이 스스로 적자경영으로부터 탈피하기 위하여 불가불 급격한 운임 인상을 단행할 경우를 가정하여, 운임을 인상할 경우 그 충격이 국내 여타 산업들과의 산업 연관 관계를 통하여 교통물류산업의 비용 및 전산업의 물가수준에 미치는 파급효과를 산출하였다. 추계 결과, 연안해운 운임이 5% 증가할 때마다 국내 교통물류산업과 전산업의 산출물가는 0.0042%와 0.0192%씩 증가하는 것으로 나타났다. 한국은행에 따르면 지난 5년간 우리나라의 교통물류산업과 전산업의 산출물가는 각각 연평균 –2.07%와 0.88%씩 증가하였다. 그러므로 연안해운 운임이 5% 인상될 때 국내 교통물류산업의 산출물가가 0.0042% 증가하고 전산업의 산출물가가 0.0192% 증가하는 물가 파급효과는 결코 무시할 수 없는 수준의 물가 충격임을 알 수있다. 이는 연안해운이 국민의 다양한 경제사회적 활동을 지원하는 동시에 여타산업을 지원하는 국가 기간물류망으로써 중간재(서비스) 역할을 충실히 수행하고 있음을 반증한다Recently Korean coastal and inland shipping industry suffers from serious management pressure because of its small scale business on average, old and outdated ships, aging crews and business managers. As a result korean coastal and inland shipping industry as a whole recorded operating deficit at the amount of 29billion won in 2014 year. This study estimated the spillover effects of coastal and inland shipping rate increase on both logistics costs and overall domestic price level, which is caused with an effort to compensate the operating deficit by coastal and inland shipping operators. An inter-industry analysis using 2014 input-output statistics has been conducted under the various level scenarios of coastal and inland shipping rate increases. In the case of 5% increase of Korean coastal and inland shipping rate, the output price level in transportation and logistics sector as a whole was estimated to rise 0.0042% and the overall output price level of Korean industry as a whole to rise 0.0192%. During 2012~16 years, the output price level increased at the rate of –2.07% in transportation and logistics sector and the overall output price level of Korean industry as a whole increased 0.88%. Thus the estimated spillover effects of coastal and inland shipping rate increase of 5% are big enough to take note by Korean government’s policy makers. This result also shows that Korean coastal and inland shipping industry serves well as a intermediary goods for Korean passenger and freight transportation systems.

Inter-industry analysis in the Korean flow-of-funds accounts

This study mainly aims to provide an inter-industry analysis through the subdivision of various industries in flow-of-funds (FOF) accounts. Combined with the Financial Statement Analysis data from 2004 and 2005, the Korean FOF accounts are reconstructed to form “from-whom-to-whom” basis FOF tables, which are composed of 115 institutional sectors and correspond to tables and techniques of input–output (I–O) analysis. First, power of dispersion indices are obtained by applying the I–O analysis method. Most service and IT industries, construction, and light industries in manufacturing are included in the first-quadrant group, whereas heavy and chemical industries are placed in the fourth quadrant since their power indices in the asset-oriented system are comparatively smaller than those of other institutional sectors. Second, investments and savings, which are induced by the central bank, are calculated for monetary policy evaluations. Industries are bifurcated into two groups to compare their features. The first group refers to industries whose power of dispersion in the asset-oriented system is greater than 1, mainly light industries, IT, and service. On the other hand, the second group indicates that their index is less than 1, mostly heavy and chemical industries. We found that the net induced investments (NII)–total liabilities ratios of the first group show levels half those of the second group since the former’s induced savings are obviously greater than the latter.

Regional economic modelling through an embedded econometric–inter-industry framework

ABSTRACTAfter the incorporation of an inter-industry analysis into an econometric framework was pioneered 40 years ago, there has been a growing number of studies in the literature focused on applying such an integrated framework at the subnational level. Models in the literature apply different strategies and structures to merge input–output (IO) and econometric models. The objective of the merged framework is to capitalize on the merits of both IO and time-series models. This paper presents an attempt to apply an intersectoral demand variable (ISDV) technique to embed IO analysis into a time-series model to investigate the economy of Illawarra in New South Wales, Australia. The result is a dynamic intersectoral model that provides high accuracy in forecasting sectoral employment.

An Inter-industry Analysis of the Korean Government’s Restructuring Policy on the Shipbuilding Industry with 2014 Input-Output Statistics

An Inter-industry Analysis of the Korean Government’s Restructuring Policy on the Shipbuilding Industry with 2014 Input-Output Statistics