We develop a novel linear equilibrium model with an Armington flavor. We provide (1) proof of the solvability of the model and of the existence and non-negativity of the equilibrium solution and of the newly derived multiplier matrix; we also show (2) that the standard Leontief multiplier matrix...

In this study, a village input-output table (VIOT) is built from household survey data from a rural village in a developing country to capture the interdependency between households through their transactions in 2016. This VIOT is a simple, but useful tool for understanding the economic...

This paper presents a methodology to integrate cost-benefit analysis and SAM-CGE-based impact evaluation. While the two types of analysis have developed in parallel and without a clear connection, there is growing consensus that the two approaches should be integrated for complex investment...

We use the World Input-Output Database (WIOD) combined with regional sectoral employment data to estimate the potential regional employment effects of interna-tional trade barriers. We study the case of a no-deal Brexit in which imports to the United Kingdom (UK) from the European Union (EU)...

This study examines the usefulness of an extended input-output table (EIOT) incorporating the heterogeneity of Japanese firms based on differences in ratios of imported intermediate goods to total output. Using an EIOT, the vertical specialization indicator of Japan was calculated, which...

This article using the principal components analysis identifies key industries and groups them into particular clusters. The data come from the US benchmark input-output tables of the years 2002, 2007, 2012 and the most recently published input-output table of the year 2019. We observe some...

Much research has been devoted to examination of the financial easing policy of the European Central Bank (ECB). However, this study is one of the first to use a dynamic micro-founded model to investigate empirically the impact of the ECB's Quantitative Easing (QE) policy on consumption and...

In this policy brief, we study the development of trade integration, specifically the participation in global value chains, of the Western Balkan countries. Using a multi-country input-output Database, called the 'wiiw MC IOD', we first analyse in a descriptive way the trends in economic...

Der Fernbusverkehr ist zu Beginn der Pandemie fast vollständig zum Erliegen gekommen und nimmt seit Ende März 2021 seinen Betrieb wieder auf. Seit seiner Liberalisierung 2013 bietet der Fernbusverkehr nicht nur preiswerte Mobilität, sondern trägt auch zu Einkommen und Beschäftigung bei. Es...