The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 3 The effect of GFC and shock transmission in intermediate goods and value-added (manufacturing industry)
From: Global and regional shock transmission: an Asian perspective
JP | CH | KR | TW | SG | MY | TH | ID | PH | US | UK | GR | FR | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Direct finished goods export shock ($ billion) | − 112.2 | − 72.2 | − 14.6 | − 21.0 | − 9.5 | − 9.0 | − 10.5 | − 1.2 | − 1.9 | − 104.1 | − 43.6 | − 134.1 | − 46.0 |
Intermediate goods inducements ($ billion) | |||||||||||||
Transmission from the world* | − 164.5 | − 171.9 | − 19.0 | − 16.0 | − 8.7 | − 17.1 | − 17.5 | − 3.6 | − 5.0 | − 127.1 | − 50.3 | − 163.1 | − 60.2 |
(Domestic absorption) | − 150.3 | − 132.1 | − 11.8 | − 12.4 | − 2.6 | − 11.4 | − 12.5 | − 0.8 | − 3.1 | − 96.1 | − 38.4 | − 130.2 | − 46.4 |
Transmission to the world | − 24.0 | − 20.9 | − 8.4 | − 10.1 | − 14.9 | − 9.1 | − 8.4 | − 0.2 | − 1.1 | − 14.1 | − 12.9 | − 56.9 | − 13.3 |
Transmission to Asia | − 13.7 | − 11.2 | − 5.1 | − 7.4 | − 9.5 | − 6.2 | − 6.3 | − 0.2 | − 0.8 | − 6.0 | − 2.5 | − 10.4 | − 1.7 |
Value-added inducements ($ billion) | |||||||||||||
Transmission from the world* | − 108.6 | − 74.0 | − 14.4 | − 18.7 | − 5.0 | − 6.6 | − 8.6 | − 2.4 | − 2.1 | − 113.1 | − 42.4 | − 115.7 | − 45.7 |
(Domestic absorption) | − 101.8 | − 61.4 | − 11.1 | − 16.7 | − 3.0 | − 5.0 | − 6.9 | − 1.1 | − 1.4 | − 97.0 | − 36.3 | − 100.6 | − 38.6 |
Transmission to the world | − 9.0 | − 8.5 | − 3.0 | − 3.8 | − 5.8 | − 3.4 | − 3.1 | − 0.1 | − 0.4 | − 5.9 | − 5.2 | − 19.4 | − 5.5 |
Transmission to Asia | − 4.6 | − 4.6 | − 1.8 | − 2.6 | − 3.2 | − 2.2 | − 2.2 | − 0.1 | − 0.3 | − 2.3 | − 0.9 | − 3.6 | − 0.6 |
Intermediate goods transmission index (percent) | |||||||||||||
From the world** | 20.7 | 21.7 | 2.4 | 2.0 | 1.1 | 2.2 | 2.2 | 0.4 | 0.6 | 16.0 | 6.3 | 20.6 | 7.6 |
To the world*** | 16.0 | 15.9 | 71.0 | 82.0 | 573.4 | 79.3 | 67.1 | 24.2 | 34.8 | 14.6 | 33.5 | 43.7 | 28.6 |
To Asia*** | 9.1 | 8.5 | 43.4 | 59.9 | 364.5 | 54.2 | 49.9 | 18.3 | 25.5 | 6.2 | 6.6 | 8.0 | 3.7 |
Value-added transmission index (percent) | |||||||||||||
From the world** | 13.7 | 9.3 | 1.8 | 2.4 | 0.6 | 0.8 | 1.1 | 0.3 | 0.3 | 14.3 | 5.3 | 14.6 | 5.8 |
To the world*** | 8.9 | 13.9 | 27.0 | 23.0 | 193.3 | 69.3 | 44.9 | 7.6 | 27.4 | 6.1 | 14.3 | 19.2 | 14.3 |
To Asia*** | 4.5 | 7.6 | 16.0 | 15.6 | 107.4 | 44.3 | 32.4 | 6.0 | 18.6 | 2.4 | 2.5 | 3.6 | 1.5 |