Previously, Leontief input-output analysis was utilized to compare the recovery process of the U.S. and Britain, and "guessed" that of Germany. With the newfound availability of the German I/O table of 1936, the inter-industry structure can be more fully understood. The Japanese table was...

This paper empirically analyzes China's electrical equipment manufacturing industry in the context of global value chain (GVC) by using the GVC income approach (Timmer et al., 2013) and the World Input-Output Database (WIOD). Four major questions are addressed by measuring several different...

Nowadays, many countries adopt an active agenda to mitigate the impact of greenhouse gas emissions by moving towards less polluting energy generation technologies. The environmental costs, directly or indirectly generated to achieve such a challenging objective, remain however largely...

This paper is an attempt to analyze changing energy intensities in the Indian economy. The hybrid I-O model at constant prices has been used to address the problem of homogenous pricing of energy inputs across sectors of the economy. Results reveal that the indirect rather than direct energy use...

This paper studies the great collapse in value added trade using a structural decomposition analysis. We show that changes in vertical specialisation accounted for almost half of the great trade collapse, while the previous literature on gross trade has mainly focused on final expenditure,...

One of the main stylised facts that has emerged from the recent literature on global value chains is that bilateral trade imbalances in gross terms can differ substantially from those measured in value added terms. However, the factors underlying the extent and sign of the differences between...

The European Commission is working in order to ensure a smooth transition to cleaner forms of energy production away from fossil fuels in order to meet the EU objective of reaching climate neutrality by 2050. The Just Transition Mechanism was launched to manage this transition, under the...

At present, the world is facing an unprecedented employment challenge due to the COVID-19 pandemic. International Labor Organization of the United Nations expects the largest amount of youth unemployment at the global level to take place in manufacturing, real estate, wholesale, and...

This paper studies the production techniques employed in economies that reproduce themselves. Special attention is paid to the distinction usually made between those that do not produce a surplus and those that do, which are referred to as first and second class economies, respectively. Based on...

Korea will have hosted 13 international mega-events by 2018. The rationale for attracting an event to Korea is often its economic impact, namely, induced production, income, and employment effects. These effects are estimated by one of the state-run research institutes using the Leontief...