Multipliers in an Island Economy: The Case of the Azores

Abstract

In this paper we present the interisland input-output system for the Azores. It includes the economy of the nine islands of the archipelago, considering 25 different economic activities. The paper also analyses the impacts of the main drivers of the islands economy incorporating both spillover and feedback effects in the evaluation of the multipliers: i) dairy and beef exports; ii) external public support; and iii) tourism, both from the rest of the country and from abroad. It is shown that: i) the economic structure of the islands is quite different from each other; ii) the specific economic base of the islands are also different and, as expected, the biggest islands not only capture an important part of the impact of external pushes done in smaller islands but also they constitute important drivers of smaller islands.

Structural propagation of pandemic shocks: an input–output analysis of the economic costs of COVID-19

“…6 The interregional input-output system was estimated using the Interregional Input-Output Adjustment System (IIOAS) method. This approach has been applied for distinct interregional systems: an inter-island model for the Azores (Haddad et al, 2015) and interregional models for Brazil (Haddad et al, 2017), Colombia (Haddad et al, 2018), Egypt (Haddad et al, 2016), Greece (Haddad, Cotarelli, et al, 2020), Lebanon (Haddad et al, 2014), Mexico and Morocco (Haddad, Mengoub, et al, 2020). 7 Following the Brazilian National Accounting System sectoral classification.…”

On the accuracy of gravity-RAS approaches used for inter-regional trade estimation: evidence using the 2005 inter-regional input–output table of Japan

“…. 14 Applications include many regional studies, such as the U.S. (Dixon & Rimmer, 2004), the Azores (Haddad et al, 2015), Colombia (Haddad et al, 2016), Lebanon (Haddad, 2014), and Morocco (Haddad et al, 2017).…”

The Grand Tour: Keynes and Goodwin go to Greece

“…The main advantages of the IIOAS are its consistency with information from the National Accounts Statistics and the flexibility of its regionalization process, which can be applied to any country that: (i) publishes standard make and use tables; and (ii) provides a regional information system at the sectorial level. Such flexibility can be attested by recent applications for distinct interregional systems: interisland model for the Azores (Haddad et al 2015), interregional models for Colombia (Haddad et al 2016a), Egypt (Haddad et al 2016b), Lebanon (Haddad 2014), Morocco (Haddad et al 2017a), and Brazil (Haddad et al 2017b). 10…”