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Whither Panama? Constructing A Consistent And Balanced World Sut System Including International Trade And Transport Margins


  • Gerhard Streicher
  • Robert Stehrer


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.

Suggested Citation

  • Gerhard Streicher & Robert Stehrer, 2015. "Whither Panama? Constructing A Consistent And Balanced World Sut System Including International Trade And Transport Margins," Economic Systems Research, Taylor & Francis Journals, vol. 27(2), pages 213-237, June.
  • Handle: RePEc:taf:ecsysr:v:27:y:2015:i:2:p:213-237
    DOI: 10.1080/09535314.2014.991777

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    References listed on IDEAS

    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.
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    Cited by:

    1. Marcel P. Timmer & Erik Dietzenbacher & Bart Los & Robert Stehrer & Gaaitzen J. Vries, 2015. "An Illustrated User Guide to the World Input–Output Database: the Case of Global Automotive Production," Review of International Economics, Wiley Blackwell, vol. 23(3), pages 575-605, August.
    2. Jan-Maarten de Vet & Andreas Pauer & Erik Merkus & Paul Baker & Ana Rosa Gonzalez-Martinez & Tamas Kiss-Galfalvi & Gerhard Streicher & Ana Rincon-Aznar, 2018. "Competitiveness of the European Cement and Lime Sectors," WIFO Studies, WIFO, number 61003, December.
    3. N. N., 2017. "WIFO-Monatsberichte, Heft 4/2017," WIFO Monatsberichte (monthly reports), WIFO, vol. 90(4), April.
    4. Gerhard Streicher & Oliver Fritz & Fabian Gabelberger, 2017. "Österreich 2025 – Regionale Aspekte weltweiter Wertschöpfungsketten. Die österreichischen Bundesländer in der Weltwirtschaft," WIFO Monatsberichte (monthly reports), WIFO, vol. 90(4), pages 347-367, April.
    5. Stefan Schönfelder & Gerhard Streicher & Johan Gille & Frank Trosky, 2015. "Employment Effects of Increased Inland Waterway Transport in the Danube Region," WIFO Working Papers 497, WIFO.
    6. Kirill Muradov, 2017. "Trade costs and borders in global value chains," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 153(3), pages 487-509, August.
    7. Mika, Alina, 2017. "Home sweet home: the home bias in trade in the European Union," Working Paper Series 2046, European Central Bank.
    8. Erik Dietzenbacher & Bart Los & Robert Stehrer & Marcel Timmer & Gaaitzen de Vries, 2013. "The Construction Of World Input-Output Tables In The Wiod Project," Economic Systems Research, Taylor & Francis Journals, vol. 25(1), pages 71-98, March.
    9. Daniel Dujava & Maria Siranova, 2017. "Getting the Measures of Trade Misinvoicing Right: Bilateral Panel Data Approach," Working Papers wp98, Institute of Economic Research, SAS, revised 20 Dec 2017.
    10. Oliver Reiter & Robert Stehrer, 2018. "Trade Policies and Integration of the Western Balkans," wiiw Working Papers 148, The Vienna Institute for International Economic Studies, wiiw.
    11. Gerhard Streicher, 2015. "Using the FIDELIO Model to Estimate the Effects of the Tax Reform 2015-16 on Net Output," WIFO Bulletin, WIFO, vol. 20(23), pages 266-272, December.
    12. Michael Peneder & Gerhard Streicher, 2016. "De- versus Re-industrialisation: Is Structural Change Reversible?," WIFO Working Papers 506, WIFO.
    13. Gerhard Streicher, 2015. "Schätzung der Auswirkungen der Steuerreform 2015/16 auf die Wertschöpfung mit dem Modell FIDELIO," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(5), pages 417-424, May.

    More about this item

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • F15 - International Economics - - Trade - - - Economic Integration


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