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Inter-connectedness in the Scottish economy, 1998-2004

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Inter-connectedness in the Scottish economy, 1998-2004. / Dewhurst, John H. Ll.

University of Dundee, 2010. (Dundee Discussion Papers in Economics; 238).

Research output: Working paperDiscussion paper

Harvard

Dewhurst, JHL 2010 'Inter-connectedness in the Scottish economy, 1998-2004' Dundee Discussion Papers in Economics, no. 238, University of Dundee.

APA

Dewhurst, J. H. L. (2010). Inter-connectedness in the Scottish economy, 1998-2004. (Dundee Discussion Papers in Economics; 238). University of Dundee.

Vancouver

Dewhurst JHL. Inter-connectedness in the Scottish economy, 1998-2004. University of Dundee. 2010, (Dundee Discussion Papers in Economics; 238).

Author

Dewhurst, John H. Ll. / Inter-connectedness in the Scottish economy, 1998-2004.

University of Dundee, 2010. (Dundee Discussion Papers in Economics; 238).

Research output: Working paperDiscussion paper

Bibtex - Download

@techreport{1afb921a50354251b3bf0c1cf58597b0,
title = "Inter-connectedness in the Scottish economy, 1998-2004",
publisher = "University of Dundee",
author = "Dewhurst, {John H. Ll.}",
year = "2010",
type = "WorkingPaper <importModel: WorkingPaperImportModel>",
series = "Dundee Discussion Papers in Economics",
institution = "University of Dundee",

}

RIS (suitable for import to EndNote) - Download

TY - UNPB

T1 - Inter-connectedness in the Scottish economy, 1998-2004

A1 - Dewhurst,John H. Ll.

AU - Dewhurst,John H. Ll.

PB - University of Dundee

PY - 2010

Y1 - 2010

N2 - The measurement of inter-connectedness in an economy using inputoutput tables is not new, however much of the previous literature has not had any explicit dynamic dimension. Studies have tried to estimate the degree of inter-relatedness for an economy at a given point in time using one inputoutput table, some have compared different economies at a point in time but few have looked at the question of how inter-connectedness within an economy changes over time. The publication in 2009 of a consistent series of inputoutput tables for Scotland offers the researcher the opportunity to track changes in the degree of inter-connectedness over the seven year period 1998 to 2004. The paper is in two parts. A simple measure of inter-connectedness is introduced in the first part of the paper and applied to the Scottish tables. It is shown that although the aggregate results might appear to indicate a degree of import substitution was taking place this result is not robust to industrial disaggregation. In the second part of the paper an extraction method is applied to an eleven sector disaggregation of the Scottish economy in order to estimate how interconnectedness has changed over time for each industrial sector. It is shown that for the majority of sectors the degree of interconnectedness with the rest of the Scottish economy has grown for others, in particular Financial Services and Energy and Water Supply it has not.

AB - The measurement of inter-connectedness in an economy using inputoutput tables is not new, however much of the previous literature has not had any explicit dynamic dimension. Studies have tried to estimate the degree of inter-relatedness for an economy at a given point in time using one inputoutput table, some have compared different economies at a point in time but few have looked at the question of how inter-connectedness within an economy changes over time. The publication in 2009 of a consistent series of inputoutput tables for Scotland offers the researcher the opportunity to track changes in the degree of inter-connectedness over the seven year period 1998 to 2004. The paper is in two parts. A simple measure of inter-connectedness is introduced in the first part of the paper and applied to the Scottish tables. It is shown that although the aggregate results might appear to indicate a degree of import substitution was taking place this result is not robust to industrial disaggregation. In the second part of the paper an extraction method is applied to an eleven sector disaggregation of the Scottish economy in order to estimate how interconnectedness has changed over time for each industrial sector. It is shown that for the majority of sectors the degree of interconnectedness with the rest of the Scottish economy has grown for others, in particular Financial Services and Energy and Water Supply it has not.

KW - Extraction method

KW - Input-output analysis

KW - Inter-connectedness

KW - Scottish economy

M1 - Discussion paper

BT - Inter-connectedness in the Scottish economy, 1998-2004

T3 - Dundee Discussion Papers in Economics

T3 - en_GB

ER -

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