tailieunhanh - Báo cáo "Developing a bilateral input-output table in the case of Thailand and Vietnam: Methodology and applications "

This paper attempts to measure and analyze the interdependent economic relations between the countries of Thailand and Vietnam, made possible by constructing a bilateral inputoutput (I-O) table linking the said two countries. It is an inter-regional type of I-O models that provides a compact and comprehensive accounting framework to quantify the economic interrelationships among and between industries located in the study regions. Similar to a single-region (national) IO table, an Inter-Regional IO (IRIO) table can be used to estimate the magnitude of an external “shock” on major macroeconomic indicators such as output, value-added, income and employment | VNU Journal of Science Economics and Business 26 No. 5E 2010 24-36 Developing a bilateral input-output table in the case of Thailand and Vietnam Methodology and applications Bui Trinh Francisco Secretario Kim Kwangmoon General Statistics Office No2 Hoang Van Thu Ba Dinh Hanoi Vietnam Received 5 August 2010 Abstract. This paper attempts to measure and analyze the interdependent economic relations between the countries of Thailand and Vietnam made possible by constructing a bilateral inputoutput I-O table linking the said two countries. It is an inter-regional type of I-O models that provides a compact and comprehensive accounting framework to quantify the economic interrelationships among and between industries located in the study regions. Similar to a single-region national IO table an Inter-Regional IO IRIO table can be used to estimate the magnitude of an external shock on major macroeconomic indicators such as output value-added income and employment. However unlike its single-region counterpart an IRIO table is able to capture and assess the inter-regional spillover and feedback effects arising from an exogenous change in demand for the output of any one of the study regions. In other words constructing an IRIO table will not only allow us to estimate the stimulus to production outside the study region benefiting from say an increase in foreign demand for its output but also the resultant impact on its output arising from the production stimulus it causes in the other study regions. This study is deemed to be a prototype of what AREES needs to support its ongoing efforts to develop an integrated database for its proposed research project entitled Impact Analysis of Infrastructure Investment in the Indochina Region An Input-Output I-O Approach. 1. The Thailand-Vietnam Inter-Regional IO framework The IRIO model The Thailand-Vietnam bilateral IO table as configured in Figure 1 is of the Isard-type of IRIO models that traces inter-sectoral economic flows .