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Revealing the Growth Potentials with Input-Output Model at Sub-national Level

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  • SUNGGOAN CHOI

Abstract

The regional growth potential, which frequently appears in economic analyses, is notoriously difficult to handle in practice. Estimation of growth potentials for development forecasting and strategic planning remains actual and meaningful, which is especially true for long-term predictions of structural shifts in the economy, both at national and regional level. The Regional Input-Output (RIO) model has been a powerful tool in applications of the industrial interdependence, impact analysis and policy strategies. Also the RIO model can be attempted to identify leading industries through linkage effects. The backward and forward linkages for the sectors in a single economy provide a mechanism for identifying key or leading sectors in the economy. In this study, we try to identify the leading industries by the RIO model along with non-survey techniques to explore growth potentials. The estimated multipliers which represent the backward linkage are compared with the survey based benchmarks through the rank correlation coefficients.

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  • Sunggoan Choi, 2013. "Revealing the Growth Potentials with Input-Output Model at Sub-national Level," ERSA conference papers ersa13p73, European Regional Science Association.
    • Handle: RePEc:wiw:wiwrsa:ersa13p73
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    References listed on IDEAS

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    7. Peter Midmore & Max Munday & Annette Roberts, 2006. "Assessing industry linkages using regional input-output tables," Regional Studies, Taylor & Francis Journals, vol. 40(3), pages 329-343.
    8. Tony Flegg & T. Tohmo, 2010. "Regional Input-Output Tables and the FLQ Formula: A Case Study of Finland (revised)," Working Papers 1005, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
    9. Erik Dietzenbacher & Ronald E. Miller, 2009. "Ras‐Ing The Transactions Or The Coefficients: It Makes No Difference," Journal of Regional Science, Wiley Blackwell, vol. 49(3), pages 555-566, August.
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    Cited by:

    1. Xiaoyun Zhao & Sung-Goan Choi, 2015. "On the regionalization of input–output tables with an industry-specific location quotient," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 54(3), pages 901-926, May.

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