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The purpose of this paper is to be limited to provide an overall economic structure linked with a particular hospitality industry by identifying the economic structure of…
Abstract
Purpose
The purpose of this paper is to be limited to provide an overall economic structure linked with a particular hospitality industry by identifying the economic structure of relations between the two hotel industries and other industries within a particular state in the USA.
Design/methodology/approach
The analyses of output, labor income and employment multipliers from the input–output system were performed using the IMPLAN 3.0 software. The study attempted to compare the hotel/motel industry (industry code 411) and the accommodations industry (industry code 412) with the top ten industries and averages of each set of multipliers to estimate the relative importance and contribution of the two hotel industries to the economy of Texas. After this comparison, the aggregated input–output tables and multipliers were prepared to determine the economic inter-relationship between the two combined hotel industries (industry code 411 plus industry code 412) and the non-hotel industries, using the criteria of the NAICS (North American Industry Classification System).
Findings
The three findings of this study are summarized as follows. First, the two hotel industries impacted the state economy due to a high induced effect from output and a considerable direct, indirect and induced effect from labor income and employment, despite their relatively lower multipliers and the economic downturn in the state. Second, the hotel-related industry had a strong inter-dependent relationship with the finance and insurance-related industries. Finally, while the hotel industry generated more labor income and employment than did the other accommodations industry, it is interesting that the other accommodations industry created more output than did the hotel industry.
Research limitations/implications
Other than limitations pertaining to assumptions of input-output model, an input-output analysis alone cannot become the best analytical method for decision-making. The study was a cross-sectional study with 2009 data and did not incorporate a time-series flow of the state economic structure over several decades. A study of the inter-relationship among varied states bordering the state could be worthwhile to identify the flow of inputs and outputs.
Originality/value
Despite a considerable number of research in measuring the economic impacts, this paper was of great significance, in that the economic impact of the hotel industry that has never been performed in a particular state of the USA was analyzed. Additionally, these quantified economic data and results should be helpful to future plans and policies associated with the hotel industry.
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There has been very little written discussion of how transactions should be valued in an input‐output table. Conventional wisdom, however, prefers the use of ‘basic’ prices (in…
Abstract
There has been very little written discussion of how transactions should be valued in an input‐output table. Conventional wisdom, however, prefers the use of ‘basic’ prices (in which flows are valued net of distributive margins and net indirect taxes) and the first part of this paper explores the reasoning behind this approach.
Seyed Hamed MoosaviRad, Sami Kara and Suphunnika Ibbotson
The value adding of each industry represents the value difference between the outputs and inputs of that industry. The purpose of this paper is to investigate the effect of…
Abstract
Purpose
The value adding of each industry represents the value difference between the outputs and inputs of that industry. The purpose of this paper is to investigate the effect of international outsourcing on the value adding of industries.
Design/methodology/approach
Input output analysis and linear programming are used as for the research methodology. Australian Motor Vehicle and Parts Manufacturing (AMVPM) industry as an outsourcer and its main suppliers were selected for ten alternative international outsourcing scenarios in a case study.
Findings
In all international outsourcing scenarios except the baseline scenario, the reduction in the value adding of Australia would be approximately three times more than the value adding reduction of the AMVPM industry. Moreover, the international outsourcing ratio has negative relationships with the value adding of the Australian industries and positive relationship with the international industries. Finally, it was found that the degree of supplier's dependency on the orders of the outsourcer effects the percentage reduction of supplier's value adding.
Research limitations/implications
The aggregated data and the uncertainties in the technical coefficients are the main limitations of this research. The social and environmental costs, other tangible and intangible costs, as well as benefits of international outsourcing need to be further analysed in future research.
Practical implications
This study would help decision makers at the macro level to analyse and control the effect of international outsourcing on the value adding of their economies.
Originality/value
This study expands the current research at the industry level of international outsourcing by quantifying the effect of international outsourcing upon the value adding of all respected industries.
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Graham J. Treloar, Peter E.D. Love and Olusegun O. Faniran
Embodied energy is the total amount of energy required to produce a product, and is significant because it occurs immediately and can be equal over the life cycle of a building to…
Abstract
Embodied energy is the total amount of energy required to produce a product, and is significant because it occurs immediately and can be equal over the life cycle of a building to the transient requirements for operational energy. Methods for embodied energy analysis include process analysis, input‐output analysis and hybrid analysis. Proposes to improve the reliability of estimating embodied energy based on input‐output models by using an algorithm to extract systematically the most important energy paths for the “other construction” sector from an Australian input‐output model. Demonstrates the application of these energy paths to the embodied energy analysis of an individual commercial building, highlighting improvements in reliability due to the modification of energy paths with process analysis data. Compares materials and elements for the building, and estimates likely ranges of error.
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Zhigeng Fang, Qunfeng Wang and Hengwu Wei
This paper attempts to select the leading industry concerning uncertain information and grey interval numbers.
Abstract
Purpose
This paper attempts to select the leading industry concerning uncertain information and grey interval numbers.
Design/methodology/approach
This paper combines grey system theory and the input‐output method, which describe uncertain information as interval numbers in the input‐output table. Additionally, in transforming the grey interval numbers to functions with time, the original input‐output table can be considered as a function of functions, in which functional analysis can be employed to determine important parameters. Neumann series is utilized to reverse the Leontief matrix having grey interval numbers. Based on the result, one can calculate the influence and induced coefficients of industries, which can help the decision maker to select the leading industry by comparing the overall effects of industries. A case in Wuxi city is conducted to show the feasibility of the above method.
Findings
The results of this paper show that selecting the leading industry is not only based on regional the input‐output table, but also depends on the algorithm dealing with and comparing uncertain values.
Practical implications
The method proposed in the paper can help people to choose the leading industry under uncertain information, which provides a novel approach for analyzing local economy development.
Originality/value
The paper is shows a functional analysis perspective and contributes to regional economy development by solving selecting the leading industry without exact input‐output tables.
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Yen-Hao Hsieh and Soe-Tsyr Yuan
The purpose of this paper is to propose a service-dominant (S-D) logic-based input-output analysis approach to systematically measure the effects of technology spillover in the…
Abstract
Purpose
The purpose of this paper is to propose a service-dominant (S-D) logic-based input-output analysis approach to systematically measure the effects of technology spillover in the service sector.
Design/methodology/approach
This study uses a case to demonstrate the feasibility and contributions of the S-D logic-based input-output analysis approach.
Findings
This study adopted the idea of customer involvement to formulate the S-D logic-based input-output analysis approach. Service providers can apply this systematical approach to find potential opportunities to spread information technology and co-create values with customers.
Originality/value
The S-D logic-based input-output analysis approach has elasticity to dynamically employ different perspectives to evaluate the effects of technology spillovers in order for integrity and precision. The proposed approach is to delineate the possible target values that related to specific services based on the notions of operant resources and customer involvement in a selected service sector. Service providers within the service sector have to offer innovative service activities and manage existing services for customers to participate in.
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– The purpose of this paper is to examine various aspects of regional and global production networks, with a special focus on China.
Abstract
Purpose
The purpose of this paper is to examine various aspects of regional and global production networks, with a special focus on China.
Design/methodology/approach
The author studies four different approaches to measure production networks and discuss their strengths and weaknesses. The author presents some of the results associated with some of these measurements.
Findings
The author finds that using trade data alone is simple but incomplete. Bringing in input–output tables is useful but much more data would be needed. In addition, for the case of China, electronic goods and telecommunication goods tend to have a higher foreign value added.
Research limitations/implications
Data with good quality can be a problem. The authors also have difficulty getting input–output tables for many years.
Practical implications
The results can guide policymakers as to which industries can create more domestic value added. The results can also lead to betting of an understanding of trade balances measured in the value added.
Social implications
The results can generate further understanding among citizens of many different countries, including China, about the importance of different sectors in generating the value added.
Originality/value
The value of this paper is to focus on alternative ways to measure the value added in exports from China. The paper is the first to discuss the strengths and weaknesses of different approaches and present some of these results.
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Input‐output modeling can accurately forecast the benefits associated with corporate real estate projects. This paper aims to address the economic and employment impact analysis…
Abstract
Purpose
Input‐output modeling can accurately forecast the benefits associated with corporate real estate projects. This paper aims to address the economic and employment impact analysis practices used in input‐output modeling and identifies resources for corporate real estate executives when working with community groups and public officials. By understanding this topic, corporate real estate executives can more effectively demonstrate the value of corporate activities to a community. An impact analysis case study is presented that includes an example of economic impact report content. Input‐output modeling is an effective analytical tool for corporate real estate site selection, facilities expansion, and other community relations projects. This study addresses the major issues in corporate/community relationships and focuses on the corporate need to demonstrate project contributions to community economic vitality. As political, special interest, and public views about business expansion and development harden, corporate real estate executives and specialists need to utilize effective tools to balance the debate.
Design/methodology/approach
This study presents a review of input‐output economic modeling techniques, application of the model, key terms, a case study of a $2.1 billion expansion project, and a sample outline of an impact analysis report. This approach provides a good conceptual framework, terms, and the application of an economic and employment impact approach to measuring the total contribution of corporate real estate activities in a community or region.
Findings
Demonstrates methods measuring economic and employment multipliers resulting from direct, indirect, and induced corporate project impacts. The findings will assist professionals responsible for corporate/community relations by enhancing their understanding of economic impacts.
Originality/value
This paper presents an overview of an effective modeling technique that can be used to accurately estimate the community economic and employment contributions resulting from a new corporate real estate project. Emerging corporate/community relations issues are discussed and resources are identified.
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