Departmental Bulletin Paper Development and Challenge of the Japan-Korea-China International Input-Output Table

Yamada, Mitsuo  ,  Miyagawa, Kozo  ,  Wang, Zaizhe

66 ( 1/2 )  , pp.89 - 104 , 2016-11-30 , 立正大学経済学会
The economic globalization has strengthened the interdependence among countries in the world. This interdependence can be analyzed by using the international input- output (IO) tables. The Institute of Developing Economics,Japan External Trade Organization (IDE-JETRO) and the Ministry of Economics, Trade and Industry (METI) in Japan have led in the field of international IO tables for a long time. In recent years, the international IO tables have gained increasing interest from the value-added trade and value chain viewpoints. The development of the World Input-Output Database (WIOD), and Organization for Economic Co-operation and Development’s(OECD) IO databases is well known. Moreover, Yokohama National University’s Global IO database (YNU-GIO) in Japan has also been recently made accessible to the public.The WIOD and YNU-GIO databases intended to cover relatively wide areas including more than 30 countries, although the sector classification is not so detailed. On the other hand, METI tried to build bilateral IO tables, that is 2000/2005 Japan-US table and 2007 Japan-China table. The Japan-US tables have adopted a relatively detailed sector classification with more than 170 sectors, while the Japan-China table has 77 sectors. The IDE’s Asian IO table has a moderate size with 10 regions and a relatively largesector size with 76 sectors.We are conducting the study to construct the 2012 international IO table of Japan, South Korea, and China to analyze their interdependence, which is rapidly increasing through the foreign direct investment and international commodity trade. After reviewing the recent experiences of international IO databases, we discuss our IO table framework, characteristics of sectorclassification, advantages and disadvantages compared to other international IO tables, and future analysis we expect to conduct.

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