The Role of the Marine Sector in the Irish National Economy: An Input-Output Analysis
AbstractRecent research in Ireland has estimated both the national and regional economic value of the marine sector. However, economic activity does not exist in a vacuum. Activities in the marine sector not only directly affect the industries in the sector but also influence other sectors through inter-sectoral linkages. This paper uses an Input-Output (IO) methodology to examine the linkages and production effects of the Irish marine sector on the national economy. Disaggregating the Irish IO table for 2007 to include ten additional marine sectors, this paper represents the first effort to quantify the inter-industry linkage effects, production-inducing effects and employment multipliers in the marine sector. This analysis found that a number of marine sectors, notably the maritime transportation sector, have an important economic role within the wider Irish economy.
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Bibliographic InfoPaper provided by Socio-Economic Marine Research Unit, National University of Ireland, Galway in its series Working Papers with number 148835.
Date of creation: 2012
Date of revision:
Ocean Economy; Input Output Analysis; Industry Linkages; Multipliers; Ireland; Environmental Economics and Policy; Production Economics;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-05-24 (All new papers)
- NEP-ENV-2013-05-24 (Environmental Economics)
- NEP-HME-2013-05-24 (Heterodox Microeconomics)
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