Use of input-output tables for shock assessment
Economic linkages between production sectors contribute to macroeconomic volatility. Such volatility could pose a threat to economic growth. Evidence suggests that volatility may, over time, result in lower levels of private investment, consumption, and productivity. There is also a significant co...
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| Format: | Final Year Project (FYP) |
| Language: | English |
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Nanyang Technological University
2022
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| Online Access: | https://hdl.handle.net/10356/163829 |
| _version_ | 1811689840907911168 |
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| author | Khoo, Lim Chun Kee |
| author2 | Lo Yat-Man, Edmond |
| author_facet | Lo Yat-Man, Edmond Khoo, Lim Chun Kee |
| author_sort | Khoo, Lim Chun Kee |
| collection | NTU |
| description | Economic linkages between production sectors contribute to macroeconomic volatility. Such
volatility could pose a threat to economic growth. Evidence suggests that volatility may, over time, result in lower levels of private investment, consumption, and productivity. There is also a
significant correlation between volatility and financial crises. In addition, economic shocks happen periodically in economies though with variations in their magnitudes. Therefore, an analytical framework for shock assessment is essential for the relevant authorities to appreciate the impacts and thus be able to formulate more robust economic policies. This allows room for timely countermeasures and hopefully prevention against huge economic loss. This project adopts the Input-Output Model to study the impact of an economic shock on the supply chain, that is a decline in primary input or final demand for Singapore and Thailand. In addition, an attempt has been made to regionalise the Singapore national model to the 5 regions of Singapore using employment data. It is found that at the national level, Singapore’s construction plays a vital role in the supply chain. Furthermore, supply shocks to utilities and construction in certain regions could lead to huge economic losses as a result of stronger linkages. |
| first_indexed | 2024-10-01T05:54:30Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/163829 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T05:54:30Z |
| publishDate | 2022 |
| publisher | Nanyang Technological University |
| record_format | dspace |
| spelling | ntu-10356/1638292022-12-19T08:23:57Z Use of input-output tables for shock assessment Khoo, Lim Chun Kee Lo Yat-Man, Edmond School of Civil and Environmental Engineering cymlo@ntu.edu.sg Social sciences::Economic theory Engineering::Civil engineering Economic linkages between production sectors contribute to macroeconomic volatility. Such volatility could pose a threat to economic growth. Evidence suggests that volatility may, over time, result in lower levels of private investment, consumption, and productivity. There is also a significant correlation between volatility and financial crises. In addition, economic shocks happen periodically in economies though with variations in their magnitudes. Therefore, an analytical framework for shock assessment is essential for the relevant authorities to appreciate the impacts and thus be able to formulate more robust economic policies. This allows room for timely countermeasures and hopefully prevention against huge economic loss. This project adopts the Input-Output Model to study the impact of an economic shock on the supply chain, that is a decline in primary input or final demand for Singapore and Thailand. In addition, an attempt has been made to regionalise the Singapore national model to the 5 regions of Singapore using employment data. It is found that at the national level, Singapore’s construction plays a vital role in the supply chain. Furthermore, supply shocks to utilities and construction in certain regions could lead to huge economic losses as a result of stronger linkages. Bachelor of Engineering (Civil) Bachelor of Social Sciences in Economics 2022-12-19T08:20:34Z 2022-12-19T08:20:34Z 2023 Final Year Project (FYP) Khoo, L. C. K. (2023). Use of input-output tables for shock assessment. Final Year Project (FYP), Nanyang Technological University, Singapore. https://hdl.handle.net/10356/163829 https://hdl.handle.net/10356/163829 en application/pdf Nanyang Technological University |
| spellingShingle | Social sciences::Economic theory Engineering::Civil engineering Khoo, Lim Chun Kee Use of input-output tables for shock assessment |
| title | Use of input-output tables for shock assessment |
| title_full | Use of input-output tables for shock assessment |
| title_fullStr | Use of input-output tables for shock assessment |
| title_full_unstemmed | Use of input-output tables for shock assessment |
| title_short | Use of input-output tables for shock assessment |
| title_sort | use of input output tables for shock assessment |
| topic | Social sciences::Economic theory Engineering::Civil engineering |
| url | https://hdl.handle.net/10356/163829 |
| work_keys_str_mv | AT khoolimchunkee useofinputoutputtablesforshockassessment |