Output Multiplier of Iran\'s Economic Sectors: Input-Output Analysis and Network Theory Approach
The structure of production networks determines the macroeconomic responses to sectorial shocks. Accordingly, key sectors are instrumental in transmitting supply and demand-side shocks. This article applies the methodology proposed by Savoie (2017) and network theory and implements the input-output...
| Главные авторы: | , , , |
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| Формат: | Статья |
| Язык: | fas |
| Опубликовано: |
Institute for Management and Planning Studies
2023-09-01
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| Серии: | برنامهریزی و بودجه |
| Предметы: | |
| Online-ссылка: | http://jpbud.ir/article-1-2213-en.pdf |
| _version_ | 1827632466264850432 |
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| author | Esfandiar Jahangard Jamal Kakaie Afsaneh Sherkat Najmeh Sajedianfard |
| author_facet | Esfandiar Jahangard Jamal Kakaie Afsaneh Sherkat Najmeh Sajedianfard |
| author_sort | Esfandiar Jahangard |
| collection | DOAJ |
| description | The structure of production networks determines the macroeconomic responses to sectorial shocks. Accordingly, key sectors are instrumental in transmitting supply and demand-side shocks. This article applies the methodology proposed by Savoie (2017) and network theory and implements the input-output tables of the Central Bank of Iran in 1988, 1993, 1999, 2004, 2010, and 2016 to examine the output multipliers of Iran's economic sectors. This article also compares the results based on Savoie's (2017) method with the driven results according to Friedkin's (1991) and Monize et al.'s (2008) methodology. The latter identifies key sectors using three centrality measures: total effect, immediate effect, and mediate effect. The results show that the "industry", "water, electricity, gas", and the "transportation and inventory" sectors have always had the highest connections with other sectors, and also have had the highest output multiplier. Besides, the "industry" and the "ICT" sectors are detected as the key and the developing sectors in Iran's economy, respectively. In addition, based on Friedkin's (1991) and Monize et al.'s (2008) methodology, the "construction" and "other services" sectors can foster Iran's economic growth; even though based on Savoie's (2017) methodology, these sectors relatively had a lower output multiplier. |
| first_indexed | 2024-03-09T14:45:53Z |
| format | Article |
| id | doaj.art-e33919ee2cd64975b2e2b374fad65db2 |
| institution | Directory Open Access Journal |
| issn | 2251-9092 2251-9106 |
| language | fas |
| last_indexed | 2024-03-09T14:45:53Z |
| publishDate | 2023-09-01 |
| publisher | Institute for Management and Planning Studies |
| record_format | Article |
| series | برنامهریزی و بودجه |
| spelling | doaj.art-e33919ee2cd64975b2e2b374fad65db22023-11-27T08:08:47ZfasInstitute for Management and Planning Studiesبرنامهریزی و بودجه2251-90922251-91062023-09-0128291114Output Multiplier of Iran\'s Economic Sectors: Input-Output Analysis and Network Theory ApproachEsfandiar Jahangard0Jamal Kakaie1Afsaneh Sherkat2Najmeh Sajedianfard3 Department of Economics, Faculty of Economics, Allameh Tabataba’i University, Tehran, Iran Planning and Budget Organization, Tehran, Iran. Allameh Tabataba’i University, Tehran, Iran. Faculty of Economics, Management, and Social Sciences, Shiraz University, Shiraz, Iran. The structure of production networks determines the macroeconomic responses to sectorial shocks. Accordingly, key sectors are instrumental in transmitting supply and demand-side shocks. This article applies the methodology proposed by Savoie (2017) and network theory and implements the input-output tables of the Central Bank of Iran in 1988, 1993, 1999, 2004, 2010, and 2016 to examine the output multipliers of Iran's economic sectors. This article also compares the results based on Savoie's (2017) method with the driven results according to Friedkin's (1991) and Monize et al.'s (2008) methodology. The latter identifies key sectors using three centrality measures: total effect, immediate effect, and mediate effect. The results show that the "industry", "water, electricity, gas", and the "transportation and inventory" sectors have always had the highest connections with other sectors, and also have had the highest output multiplier. Besides, the "industry" and the "ICT" sectors are detected as the key and the developing sectors in Iran's economy, respectively. In addition, based on Friedkin's (1991) and Monize et al.'s (2008) methodology, the "construction" and "other services" sectors can foster Iran's economic growth; even though based on Savoie's (2017) methodology, these sectors relatively had a lower output multiplier.http://jpbud.ir/article-1-2213-en.pdfproductivityinput-outputoutput multipliernetwork theorykey sectors |
| spellingShingle | Esfandiar Jahangard Jamal Kakaie Afsaneh Sherkat Najmeh Sajedianfard Output Multiplier of Iran\'s Economic Sectors: Input-Output Analysis and Network Theory Approach برنامهریزی و بودجه productivity input-output output multiplier network theory key sectors |
| title | Output Multiplier of Iran\'s Economic Sectors: Input-Output Analysis and Network Theory Approach |
| title_full | Output Multiplier of Iran\'s Economic Sectors: Input-Output Analysis and Network Theory Approach |
| title_fullStr | Output Multiplier of Iran\'s Economic Sectors: Input-Output Analysis and Network Theory Approach |
| title_full_unstemmed | Output Multiplier of Iran\'s Economic Sectors: Input-Output Analysis and Network Theory Approach |
| title_short | Output Multiplier of Iran\'s Economic Sectors: Input-Output Analysis and Network Theory Approach |
| title_sort | output multiplier of iran s economic sectors input output analysis and network theory approach |
| topic | productivity input-output output multiplier network theory key sectors |
| url | http://jpbud.ir/article-1-2213-en.pdf |
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