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The Input-Output Analysis Of Blue Industries: Comparative Study Of Estonia And Finland

Author

Listed:
  • Gaygysyz Ashyrov
  • Tiiu Paas
  • Maryna Tverdostup

Abstract

The paper focuses on examining the role of blue industries in the national economies of Estonia and Finland as two neighbouring countries that have a sea border. We exploit the Input-Output (I-O) methodology to analyse inter-industry linkages relying on the OECD I-O tables. The OECD database comprises information on 34 sectors of the national economy over the period 1995–2011. The results of the analysis show that despite rather weak overall backward and forward linkages of aggregated blue industries within the national economies, they play a remarkable role in the economic activities of maritime regions, and to a large extent drive the economic success of Estonian and Finnish regional and national economies in generating new growth and employment. The weak backward and forward linkages indicate that negative dynamics within the blue economy yield rather weak negative externalities for the overall economy, and by contrast, if the national economy as a whole is suffering under a crisis, the potential impact on industries is not particularly remarkable. These findings suggest that blue industries are relatively independent within national economies having a remarkable role in socio-economic development of maritime regions, and thereby, create good preconditions for the stable development of cross-border cooperation between the maritime regions of both countries.

Suggested Citation

  • Gaygysyz Ashyrov & Tiiu Paas & Maryna Tverdostup, 2018. "The Input-Output Analysis Of Blue Industries: Comparative Study Of Estonia And Finland," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 109, Faculty of Economics and Business Administration, University of Tartu (Estonia).
  • Handle: RePEc:mtk:febawb:109
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    References listed on IDEAS

    as
    1. Morrissey, Karyn & O’Donoghue, Cathal, 2013. "The role of the marine sector in the Irish national economy: An input–output analysis," Marine Policy, Elsevier, vol. 37(C), pages 230-238.
    2. Kwak, Seung-Jun & Yoo, Seung-Hoon & Chang, Jeong-In, 2005. "The role of the maritime industry in the Korean national economy: an input-output analysis," Marine Policy, Elsevier, vol. 29(4), pages 371-383, July.
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    5. San Cristobal, J.R. & Biezma, M.V., 2006. "The mining industry in the European Union: Analysis of inter-industry linkages using input-output analysis," Resources Policy, Elsevier, vol. 31(1), pages 1-6, March.
    6. Aroca, Patricio, 2001. "Impacts and development in local economies based on mining: : the case of the Chilean II region," Resources Policy, Elsevier, vol. 27(2), pages 119-134, June.
    7. Pan A. Yotopoulos & Jeffrey B. Nugent, 1973. "A Balanced-Growth Version of the Linkage Hypothesis: A Test," The Quarterly Journal of Economics, Oxford University Press, vol. 87(2), pages 157-171.
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    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    marine industries; blue economy; Finland; Estonia; Input-Output tables analysis; cross-border cooperation;

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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