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Intercountry Input–Output Table of the Eurasian Economic Union as a Component of the Tools for Analysis and Forecasting of Its Economy

  • MACROECONOMIC PROBLEMS
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Studies on Russian Economic Development Aims and scope

Abstract—

The article describes the analytical potential of EAEU intercountry input–output table (EAEU IIOT) and its model as well as the approaches to its enhancement. It also presents EAEU IIOT scheme, composition of its indicators, and IIOT model. An approach is proposed to eliminating the distorting effect of re-export on the coefficients of direct costs in the IIOT model, and the proportions of the EAEU economy for 2016 are estimated using this approach, as well as several effects multiplied by the trade ties of the EAEU countries. The limitations of the IIOT model are described and methods for improving the accounting of influencing factors in the model when assessing macroeconomic effects are substantiated.

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Notes

  1. Resolution of the Supreme Eurasian Economic Council of 11.12.2020 no. 12 “On Strategic Directions for the Development of Eurasian Economic Integration up to 2025.” https://docs.eaeunion.org/docs/ru-ru/01428320/scd_12012021_12.

  2. The work was carried out by order of the EEC at the Institute for Macroeconomic Research, Russian Foreign Trade Academy with the participation of represdntatives of the national statistical authorities of the EAEU countries. Its results are presented in the IMR reports published on the EEC website. http://www.eurasiancommission.org/ru/NIR/Lists/List/Attachments/227/Report_IMR%201stage.pdf; http://www.eurasiancommission.org/ru/ NIR/Lists/List/Attachments/252/IMRReport%20IMR%202%-20stage.pdf; http://www.eurasiancommission.org/ru/NIR/Lists/List/Attachments/261/Report%203stage.pdf; http://www.eurasiancommission.org/ru/NIR/Lists/List/Attachments/284/ Report%204stage.pdf.

  3. Experience in projects for the compilation of databases and the development of world (intercountry) input–output tables (WIOD, GTAP-MRIO, EORA, OECD ICIO, AIIOT, FIGARO) based on thereon.

  4. Without additional use of tools for assessing the associated effects in terms of multiplication of income from exports to the EAEU “income-demand-production-income-demand, etc.”.

  5. For example, the principle of accounting for conjugate effects in interconnected segments of the economy, the principle of consolidation of identified sectoral effects, etc.

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Authors and Affiliations

  1. Center for Macroeconomic Forecasting and Structural Research, Institute for Macroeconomic Research, Russian Foreign Trade Academy, Moscow, Russia

    L. A. Strizhkova

  2. Macroeconomic Policy Department of the Eurasian Economic Commission, Moscow, Russia

    G. R. Islamova

  3. Institute for Macroeconomic Research, Russian Foreign Trade Academy, Moscow, Russia

    S. I. Kashirskaya

Authors
  1. L. A. Strizhkova
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  2. G. R. Islamova
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  3. S. I. Kashirskaya
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Correspondence to L. A. Strizhkova.

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Translated by I. Pertsovskaya

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Strizhkova, L.A., Islamova, G.R. & Kashirskaya, S.I. Intercountry Input–Output Table of the Eurasian Economic Union as a Component of the Tools for Analysis and Forecasting of Its Economy. Stud. Russ. Econ. Dev. 33, 135–148 (2022). https://doi.org/10.1134/S1075700722020137

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