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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 5 The effect of GFC and shock transmission in intermediate goods and value-added (transport equipment 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)

− 61.0

− 5.7

− 8.3

− 0.2

− 0.1

0.3

− 3.6

− 0.3

0.3

− 71.4

− 13.9

− 59.6

− 17.3

Intermediate goods inducements ($ billion)

Transmission from the world*

− 99.9

− 25.5

− 9.5

− 1.0

− 1.0

− 0.9

− 6.1

− 0.9

0.0

− 82.1

− 20.8

− 86.0

− 26.2

(Domestic absorption)

− 94.7

− 10.8

− 7.2

− 0.1

0.0

0.4

− 4.5

− 0.1

0.5

− 69.1

− 15.6

− 70.2

− 20.3

Transmission to the world

− 15.7

− 1.8

− 5.2

− 0.1

− 0.2

0.3

− 3.2

0.0

0.2

− 10.3

− 5.4

− 30.8

− 6.0

 Transmission to Asia

− 9.0

− 0.8

− 2.8

0.0

− 0.1

0.2

− 2.4

0.0

0.1

− 4.3

− 1.0

− 5.1

− 0.8

Value-added inducements ($ billion)

Transmission from the world*

− 56.8

− 9.5

− 7.2

− 0.6

− 0.5

− 0.3

− 2.8

− 0.7

0.1

− 72.7

− 13.4

− 47.9

− 17.0

(Domestic absorption)

− 54.5

− 4.8

− 6.2

− 0.1

0.0

0.1

− 2.3

− 0.3

0.2

− 66.3

− 10.9

− 41.6

− 14.1

Transmission to the world

− 5.7

− 0.7

− 1.8

0.0

− 0.1

0.1

− 1.2

0.0

0.1

− 4.3

− 2.1

− 10.1

− 2.4

 Transmission to Asia

− 3.0

− 0.3

− 1.0

0.0

0.0

0.1

− 0.9

0.0

0.1

− 1.6

− 0.4

− 1.7

− 0.3

Intermediate goods transmission index (percent)

From the world**

31.9

8.1

3.0

0.3

0.3

0.3

2.0

0.3

0.0

26.2

6.6

27.4

8.4

To the world***

10.5

1.4

43.7

0.6

6.5

− 2.6

25.1

4.6

− 5.9

10.7

14.1

23.7

13.0

 To Asia***

6.0

0.6

24.1

0.4

3.1

− 1.7

19.3

4.1

− 4.4

4.5

2.7

3.9

1.6

Value-added transmission index (percent)

From the world**

18.1

3.0

2.3

0.2

0.1

0.1

0.9

0.2

0.0

23.2

4.3

15.3

5.4

To the world***

5.6

1.1

16.4

0.2

2.2

− 2.2

16.9

1.2

− 5.1

4.4

5.9

10.1

6.3

 To Asia***

2.9

0.6

8.9

0.1

1.0

− 1.3

12.7

1.1

− 3.7

1.7

1.0

1.7

0.7

  1. See Table 3
  2. Source: authors’ calculation from UN Comtrade and YNU-GIO table