Study on value-added exposure estimates to assess spillovers and competitiveness

Client/Funding Institution

European Commission, DG Economic and Financial Affairs

Abstract

Current models based on input-output tables are prone to various weaknesses and challenges. First, input-output tables are released with a considerable time lag (publication lag), which might lead to inaccurate estimates in the times of fast-changing economic conditions. Second, input-output tables are typically available in nominal terms only, as opposed to real terms (or more exactly, chain-linked volumes) as is the case with National Accounts data. The aim of this study is to advance DG ECFIN’s input-output modelling framework in several respects. Specifically, this project will produce a tool enabling researchers to update and forecast input-output data to the extent possible. This will allow DG ECFIN to undertake spillover assessments (both for demand and price shocks) in a forward-looking manner within the economic surveillance framework.

Duration

August 2024 - November 2025

wiiw team Leader

Robert Stehrer

wiiw Staff

Birgit Buschbom, Javier Flórez Mendoza, Simone Maria Grabner, Oliver Reiter, David Zenz

Countries covered: EU Member States

Research Areas: International Trade, Competitiveness and FDI

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