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Improving footprint calculations of small open economies: combining local with multi-regional input–output tables

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  • Maarten Christis
  • Theo Geerken
  • An Vercalsteren
  • Karl C. Vrancken

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.

Suggested Citation

  • Maarten Christis & Theo Geerken & An Vercalsteren & Karl C. Vrancken, 2017. "Improving footprint calculations of small open economies: combining local with multi-regional input–output tables," Economic Systems Research, Taylor & Francis Journals, vol. 29(1), pages 25-47, January.
    • Handle: RePEc:taf:ecsysr:v:29:y:2017:i:1:p:25-47
    DOI: 10.1080/09535314.2016.1245653
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    1. Marcel Timmer & Abdul A. Erumban & Reitze Gouma & Bart Los & Umed Temurshoev & Gaaitzen J. de Vries & I–aki Arto & Valeria Andreoni AurŽlien Genty & Frederik Neuwahl & JosŽ M. Rueda?Cantuche & Joseph , 2012. "The World Input-Output Database (WIOD): Contents, Sources and Methods," IIDE Discussion Papers 20120401, Institue for International and Development Economics.
    2. Robert Stehrer, 2012. "Trade in Value Added and the Valued Added in Trade," wiiw Working Papers 81, The Vienna Institute for International Economic Studies, wiiw.
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    Cited by:

    1. Liu, Li-Jing & Liang, Qiao-Mei & Creutzig, Felix & Ward, Hauke & Zhang, Kun, 2020. "Sweet spots are in the food system: Structural adjustments to co-control regional pollutants and national GHG emissions in China," Ecological Economics, Elsevier, vol. 171(C).
    2. Tong Zhao & Zhijie Song & Tianjiao Li, 2018. "Effect of innovation capacity, production capacity and vertical specialization on innovation performance in China's electronic manufacturing: Analysis from the supply and demand sides," PLOS ONE, Public Library of Science, vol. 13(7), pages 1-23, July.

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