DSTI-EAS-IND-WPIA(2009)10 Norihiko YAMANO and Colin WEBB Directorate for Science, Technology and Industry WPTGS November 2009
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DSTI-EAS-IND-WPIA(2009)10 Norihiko YAMANO and Colin WEBB Directorate for Science, Technology and Industry WPTGS November 2009 I-O system A useful tool for international analyses Globalisation International Outsourcing Fragmentation Vertical Specialisation Environment Material Flows Embodied CO2 Input-output Impact of Economic Crisis Supply and Use KLEMS Productivity (MFP) Technology Diffusion Regional Integration 2 OECD Input-Output tables • Format – Symmetric Industry x industry: 48 sectors (max) – ISIC Rev. 3 industry classification – Import and domestic transactions are separated – Basic price valuation (1993 SNA) • History – 1995 edition : 10 countries (1970-1990) – 2002 edition: 24 countries (1995) – 2006/09 edition : 40+ countries (1995-2000-2005) OECD-1 / Accession countries / BRIICS/ (G20-1 ) – Many mid-2000 tables are preliminary. They will be replaced as national benchmarks become available … 3 Country coverage OECD(A-J) mid90 early00 mid00 OECD(K-U) mid90 early00 mid00 Non-OECD mid90 early00 mid00 Australia Korea Argentina Austria Luxembourg Brazil Belgium Mexico Chile Canada Netherlands China Czech Rep. New Zealand - Chinese Taipei Denmark Norway Estonia Finland Poland India France Portugal Indonesia Germany Slovak Republic - Israel Greece Spain Malaysia Hungary Sweden Philippines Iceland - Switzerland - Russia Ireland Turkey Singapore Italy United Kingdom Slovenia Japan United States South Africa Available year, -: not available w ill be updated 4 will be available Data sources available for OECD I-O OECD(A-J) Eurostat I (dnk,ita,nld,etc) Eurostat II (other) Australia Canada Japan Korea Mexico ISIC Siot ii SUT BasPr x x x x x x x x x x x x x pp x x x x x New Zealand x Norway x x x Switzerland x x x Turkey x x x x United States pp x pp: prd x prd used Im p Non-OECD x x x x x x Argentina Brazil Chile China x pp pp Chinese Taipei India Indonesia Israel Malaysia Other EU(EST/SVN) x ISIC Siot ii SUT BasPr Philippines Russia Singapore South Africa x x x x x x x x pp x x x x x x x x x x x x x x x x x: available 5 Im p x x x x x x x x x x x x Linking I-O tables with bilateral trade • Multi-regional Input-Output (MRIO): a powerful tool that links flows of goods and services across countries, revealing inter-dependencies and allowing nth degree effects of various global phenomena to be analysed ... • … but ideally requires best estimates of trade in intermediates (c.f. TAD paper and WIOD) … • … which in turn requires adjustments and/or improvements to measured trade as published by international organisations … Trade in goods – Data issues (WPTGS 2008) • Re-exports – Trade discrepancies: Classic case = China /HK/USA • Un-allocated trade data (confidential trade) – Could be concentrated in certain industries and partners • Trade in second-handed goods – Not linked to recent manufacturing production • Scrap and waste products – Some identified by HS, others not (e.g. PCs) • I-O = SNA (i.e. BOP) v. Customs trade data • Identifying domestic using industries – Standard HS to ISIC Rev. 3 conversion estimates imports from partners’ industries Trade in services (BOP) – Data issues (WPTGS 2008) • Limited availability of bilateral data • Conceptual differences between EBOPS and Industry classification • Particular measurement issues – Goods sent abroad for processing – Merchanting Wish list (WPTGS 2008) • short-term – Re-exports: more information from countries, particularly for key I-O years (1995, 2000, 2005). – Un-allocated (confidential) trade: more information • longer-term – Systematic reporting of re-exports – New HS codes for scrap, waste, second-hand goods etc ? – Reporting of BOP trade in goods by product groups (cf. Australia’s BOP BEC) – More bilateral trade in services data + Trade statisticians work with National I-O compilers to estimate imported intermediates matrices DSTI-EAS-IND-WPIA(2009)10 www.oecd.org/sti/inputoutput