IDEAS home Printed from https://ideas.repec.org/p/ekd/002672/4088.html
   My bibliography  Save this paper

Worldwide economic effects of disruptions in the production chain: the 2011 Japanese disasters

Author

Listed:
  • José Manuel Rueda-Cantuche
  • Iñaki Arto
  • Valeria Andreoni
  • José M. Rueda-Cantuche

Abstract

After around one year from the natural disaster that affected Japan on March 2011, large uncertainty still exists in the quantification of the global economic impacts. The largest parts of studies mainly accounts for the physical damage excluding the cascading effects generated on world economies. The lack of data able to capture the trade relationships between countries and commodities and the limited use of multiregional input-output models make difficult any kind of estimations oriented to capture the total effects generated by disruption in the international production chain. By combining a multiregional input-output model (MRIO) and the recently published World Input-Output Database (WIOD), this paper provides the first attempt of estimation of global economic impacts. Starting from data related to the drop of exports of Japanese intermediate products, effects on value added and employment have been quantified. Using data disaggregated by commodities, industries and countries, this paper make possible to investigate the most affected geographical areas and the largest involved economic activities.

Suggested Citation

  • José Manuel Rueda-Cantuche & Iñaki Arto & Valeria Andreoni & José M. Rueda-Cantuche, 2012. "Worldwide economic effects of disruptions in the production chain: the 2011 Japanese disasters," EcoMod2012 4088, EcoMod.
    • Handle: RePEc:ekd:002672:4088
    as

    Download full text from publisher

    File URL: http://ecomod.net/system/files/Japan_14_03_2012_GDP_EUR_0.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Yasuhide Okuyama & Geoffrey J. D. Hewings & Michael Sonis, 2004. "Measuring Economic Impacts of Disasters: Interregional Input-Output Analysis Using Sequential Interindustry Model," Advances in Spatial Science, in: Yasuhide Okuyama & Stephanie E. Chang (ed.), Modeling Spatial and Economic Impacts of Disasters, chapter 5, pages 77-101, Springer.
    2. Kerschner, Christian & Hubacek, Klaus, 2009. "Assessing the suitability of input–output analysis for enhancing our understanding of potential economic effects of Peak Oil," Energy, Elsevier, vol. 34(3), pages 284-290.
    3. Miller,Ronald E. & Blair,Peter D., 2009. "Input-Output Analysis," Cambridge Books, Cambridge University Press, number 9780521517133.
    4. Miller,Ronald E. & Blair,Peter D., 2009. "Input-Output Analysis," Cambridge Books, Cambridge University Press, number 9780521739023.
    5. Martin Gassebner & Alexander Keck & Robert Teh, 2010. "Shaken, Not Stirred: The Impact of Disasters on International Trade," Review of International Economics, Wiley Blackwell, vol. 18(2), pages 351-368, May.
    6. Arbex, Marcelo & Perobelli, Fernando S., 2010. "Solow meets Leontief: Economic growth and energy consumption," Energy Economics, Elsevier, vol. 32(1), pages 43-53, January.
    7. Norihiko Yamano & Yoshio Kajitani & Yoshiharu Shumuta, 2007. "Modeling the Regional Economic Loss of Natural Disasters: The Search for Economic Hotspots," Economic Systems Research, Taylor & Francis Journals, vol. 19(2), pages 163-181.
    8. Yasuhide Okuyama & Michael Sonis & Geoffrey J. D. Hewings, 1999. "Economic Impacts of an Unscheduled, Disruptive Event: A Miyazawa Multiplier Analysis," Advances in Spatial Science, in: Geoffrey J. D. Hewings & Michael Sonis & Moss Madden & Yoshio Kimura (ed.), Understanding and Interpreting Economic Structure, chapter 6, pages 113-143, Springer.
    9. repec:rre:publsh:v:34:y:2004:i:1:p:57-71 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Iman Rahimi Aloughareh & Mohsen Ghafory Ashtiany & Kiarash Nasserasadi, 2016. "An Integrated Methodology For Regional Macroeconomic Loss Estimation Of Earthquake: A Case Study Of Tehran," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(04), pages 1-24, September.
    2. Pant, Raghav & Barker, Kash & Zobel, Christopher W., 2014. "Static and dynamic metrics of economic resilience for interdependent infrastructure and industry sectors," Reliability Engineering and System Safety, Elsevier, vol. 125(C), pages 92-102.
    3. Chopra, Shauhrat S. & Khanna, Vikas, 2015. "Interconnectedness and interdependencies of critical infrastructures in the US economy: Implications for resilience," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 436(C), pages 865-877.
    4. Afonso, António & Gomes, Pedro & Taamouti, Abderrahim, 2014. "Sovereign credit ratings, market volatility, and financial gains," Computational Statistics & Data Analysis, Elsevier, vol. 76(C), pages 20-33.
    5. Dobrescu, Emilian, 2013. "Modelling the Sectoral Structure of the Final Output," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 59-89, October.
    6. Maurizio Ciaschini & Francesca Severini, 2010. "The Economic Impact of the Green Certificate Market through the Macro Multiplier Approach," Working Papers 2010.105, Fondazione Eni Enrico Mattei.
    7. Johann Audrain & Mateo Cordier & Sylvie Faucheux & Martin O’Connor, 2013. "Écologie territoriale et indicateurs pour un développement durable de la métropole parisienne," Revue d'économie régionale et urbaine, Armand Colin, vol. 0(3), pages 523-559.
    8. Daniel Croner & Ivan Frankovic, 2018. "A Structural Decomposition Analysis of Global and NationalEnergy Intensity Trends," The Energy Journal, , vol. 39(2), pages 103-122, March.
    9. Lach, Łukasz, 2022. "Optimization based structural decomposition analysis as a tool for supporting environmental policymaking," Energy Economics, Elsevier, vol. 115(C).
    10. Arne J. Nagengast & Robert Stehrer, 2016. "Accounting for the Differences Between Gross and Value Added Trade Balances," The World Economy, Wiley Blackwell, vol. 39(9), pages 1276-1306, September.
    11. Lee, Frederic, 2011. "Old controversy revisited: pricing, market structure, and competition," MPRA Paper 30490, University Library of Munich, Germany.
    12. Kiyoshi Yonemoto, 2016. "Changes in the input–output structures of the six regions of Fukushima, Japan: 3 years after the disaster," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 5(1), pages 1-20, December.
    13. repec:ilo:ilowps:485511 is not listed on IDEAS
    14. Arne J. Nagengast & Robert Stehrer, 2016. "The Great Collapse in Value Added Trade," Review of International Economics, Wiley Blackwell, vol. 24(2), pages 392-421, May.
    15. Fontagné, Lionel & Santoni, Gianluca, 2021. "GVCs and the endogenous geography of RTAs," European Economic Review, Elsevier, vol. 132(C).
    16. Garry Mcdonald, 2010. "A didactic Input-Output model for territorial ecology analyses," Working Papers hal-00911640, HAL.
    17. Bustos, Paul S., 2011. "Actividades económicas en Bolivia: un análisis de encadenamiento," Revista Latinoamericana de Desarrollo Economico, Carrera de Economía de la Universidad Católica Boliviana (UCB) "San Pablo", issue 16, pages 39-56, Noviembre.
    18. Kristinn Hermannsson, 2015. "Expenditure and Displacement effects of Students in the Periphery: Impact on the Scottish Highlands and Islands," ERSA conference papers ersa15p1601, European Regional Science Association.
    19. Moretto, Antonio Carlos & Rodrigues, Rossana Lott & Sesso Filho, Umberto Antonio & Guilhoto, Joaquim José Martins & Maia, Katy, 2012. "Regiões polarizadas no Paraná: relações inter setoriais e inter regionais em 2006," MPRA Paper 46996, University Library of Munich, Germany.
    20. Usón, Sergio & Valero, Antonio & Agudelo, Andrés, 2012. "Thermoeconomics and Industrial Symbiosis. Effect of by-product integration in cost assessment," Energy, Elsevier, vol. 45(1), pages 43-51.
    21. Torre Cepeda Leonardo E. & Chapa Cantú Joana C. & González González Eva Edith, 2020. "Economic Integration Mexico-United States and Regional Performance in Mexico," Working Papers 2020-06, Banco de México.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekd:002672:4088. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Theresa Leary (email available below). General contact details of provider: https://edirc.repec.org/data/ecomoea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.