Pub Date : 2022-01-01Epub Date: 2022-11-09DOI: 10.1186/s40008-022-00281-9
Sahara, Ahmad Dermawan, Syarifah Amaliah, Tony Irawan, Salsa Dilla
The Government of Indonesia has been promoting the advancement of the biodiesel sector to fulfill its commitment to support clean energy, energy security, and rural development. This paper examines the economic impact of the biodiesel sector using a computable general equilibrium model. Besides analyzing the impacts on the national macroeconomic conditions, other sectors, and household incomes, our model has also included a regional block to capture the impact of the biodiesel mandate on regional growth. Two simulations were performed: (1) fulfillment of the 30% biodiesel blending target (B30 mandate), and (2) Simulation 1 combined with the European Union's biodiesel trade ban resulting in an export reduction of 5.18%. The results show that the two simulations provide positive impacts on macroeconomic variables, including real gross domestic product and real wages. However, the B30 mandate and the combined effect of the EU trade ban still yield an inflationary effect in the short term. They also potentially reduce the production of several agricultural products-such as sugarcane, fruits, vegetables, and soybeans-leading to an increase in food prices. The policy implications highlight that the current B30 mandate and EU ban cannot automatically improve the fuel trade balance.
{"title":"Economic impacts of biodiesel policy in Indonesia: a computable general equilibrium approach.","authors":"Sahara, Ahmad Dermawan, Syarifah Amaliah, Tony Irawan, Salsa Dilla","doi":"10.1186/s40008-022-00281-9","DOIUrl":"https://doi.org/10.1186/s40008-022-00281-9","url":null,"abstract":"<p><p>The Government of Indonesia has been promoting the advancement of the biodiesel sector to fulfill its commitment to support clean energy, energy security, and rural development. This paper examines the economic impact of the biodiesel sector using a computable general equilibrium model. Besides analyzing the impacts on the national macroeconomic conditions, other sectors, and household incomes, our model has also included a regional block to capture the impact of the biodiesel mandate on regional growth. Two simulations were performed: (1) fulfillment of the 30% biodiesel blending target (B30 mandate), and (2) Simulation 1 combined with the European Union's biodiesel trade ban resulting in an export reduction of 5.18%. The results show that the two simulations provide positive impacts on macroeconomic variables, including real gross domestic product and real wages. However, the B30 mandate and the combined effect of the EU trade ban still yield an inflationary effect in the short term. They also potentially reduce the production of several agricultural products-such as sugarcane, fruits, vegetables, and soybeans-leading to an increase in food prices. The policy implications highlight that the current B30 mandate and EU ban cannot automatically improve the fuel trade balance.</p>","PeriodicalId":37562,"journal":{"name":"Journal of Economic Structures","volume":" ","pages":"22"},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9645739/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"40699319","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-13DOI: 10.21203/rs.3.rs-1152331/v1
M. Przybyliński, A. Gorzałczyński
We try to examine the potential of input–output price model to identify mechanisms of price formation and transmission. Contrary to previous research that focused on overcoming the specific limitations of the model, we test its overall performance. In the presented study, the historical values of the commonly used consumer price index were decomposed according to the classic input–output price model for an open economy. A sequence of ex post simulations under various assumptions was used to identify the sources of inflation. This study required the use of input–output tables in current and previous year’s prices. The proposed method of decomposition might be a starting point to create a framework for studying different aspects of inflation process.
{"title":"Applying the input–output price model to identify inflation processes","authors":"M. Przybyliński, A. Gorzałczyński","doi":"10.21203/rs.3.rs-1152331/v1","DOIUrl":"https://doi.org/10.21203/rs.3.rs-1152331/v1","url":null,"abstract":"We try to examine the potential of input–output price model to identify mechanisms of price formation and transmission. Contrary to previous research that focused on overcoming the specific limitations of the model, we test its overall performance. In the presented study, the historical values of the commonly used consumer price index were decomposed according to the classic input–output price model for an open economy. A sequence of ex post simulations under various assumptions was used to identify the sources of inflation. This study required the use of input–output tables in current and previous year’s prices. The proposed method of decomposition might be a starting point to create a framework for studying different aspects of inflation process.","PeriodicalId":37562,"journal":{"name":"Journal of Economic Structures","volume":"180 12","pages":"1-11"},"PeriodicalIF":0.0,"publicationDate":"2021-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41275276","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-01DOI: 10.1186/s40008-021-00258-0
Simon Schulte, A. Jakobs, S. Pauliuk
{"title":"Correction to: Relaxing the import proportionality assumption in multi-regional input–output modelling","authors":"Simon Schulte, A. Jakobs, S. Pauliuk","doi":"10.1186/s40008-021-00258-0","DOIUrl":"https://doi.org/10.1186/s40008-021-00258-0","url":null,"abstract":"","PeriodicalId":37562,"journal":{"name":"Journal of Economic Structures","volume":"245 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"65804246","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-11-22DOI: 10.21203/rs.3.rs-1053053/v1
Lefteris Tsoulfidis, I. Athanasiadis
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 intertemporal switches of industries both between and within the top clusters. The findings further suggest that structural change is a slow-moving process and it takes time for some industries to move from one cluster to the other. This information may be proved important in the designation of effective economic policies by targeting key industries and also for the stability properties of the economic system.
{"title":"A new method of identifying key industries: a principal component analysis","authors":"Lefteris Tsoulfidis, I. Athanasiadis","doi":"10.21203/rs.3.rs-1053053/v1","DOIUrl":"https://doi.org/10.21203/rs.3.rs-1053053/v1","url":null,"abstract":"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 intertemporal switches of industries both between and within the top clusters. The findings further suggest that structural change is a slow-moving process and it takes time for some industries to move from one cluster to the other. This information may be proved important in the designation of effective economic policies by targeting key industries and also for the stability properties of the economic system.","PeriodicalId":37562,"journal":{"name":"Journal of Economic Structures","volume":"11 1","pages":"1-23"},"PeriodicalIF":0.0,"publicationDate":"2021-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47198602","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-11-18DOI: 10.1186/s40008-021-00254-4
Satoru Hagino, Jiyoung Kim
{"title":"Compilation and analysis of international from-whom-to-whom financial stock table for Japan, Korea, the United States, and China","authors":"Satoru Hagino, Jiyoung Kim","doi":"10.1186/s40008-021-00254-4","DOIUrl":"https://doi.org/10.1186/s40008-021-00254-4","url":null,"abstract":"","PeriodicalId":37562,"journal":{"name":"Journal of Economic Structures","volume":"10 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"65804233","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-11-01DOI: 10.1186/s40008-021-00252-6
G. Falavigna, R. Ippoliti
{"title":"Legal environment and corporate finance: evidence from the Italian manufacturing industry","authors":"G. Falavigna, R. Ippoliti","doi":"10.1186/s40008-021-00252-6","DOIUrl":"https://doi.org/10.1186/s40008-021-00252-6","url":null,"abstract":"","PeriodicalId":37562,"journal":{"name":"Journal of Economic Structures","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41574766","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-12DOI: 10.1186/s40008-023-00299-7
O. Owolabi, A. Adedeji, B. Aderounmu, Asa-Ruth Oboko Oku, T. Ogunbiyi
{"title":"Do Information and Communications Technology (ICT) and financial development contribute to economic diversification? Evidence from sub-Saharan Africa","authors":"O. Owolabi, A. Adedeji, B. Aderounmu, Asa-Ruth Oboko Oku, T. Ogunbiyi","doi":"10.1186/s40008-023-00299-7","DOIUrl":"https://doi.org/10.1186/s40008-023-00299-7","url":null,"abstract":"","PeriodicalId":37562,"journal":{"name":"Journal of Economic Structures","volume":"12 1","pages":"1-18"},"PeriodicalIF":0.0,"publicationDate":"2021-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46329201","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-15DOI: 10.1186/s40008-021-00249-1
Chantha Hor
{"title":"Assessing the dynamic tourism inter-industry linkages and economic structural changes in Cambodia’s economy","authors":"Chantha Hor","doi":"10.1186/s40008-021-00249-1","DOIUrl":"https://doi.org/10.1186/s40008-021-00249-1","url":null,"abstract":"","PeriodicalId":37562,"journal":{"name":"Journal of Economic Structures","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42563516","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}