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Inoperability and Income Distribution: the IEM Approach

Author

Listed:
  • M. Ciaschini

    (University of Macerata)

  • A.K. El Meligi

    (University of Macerata)

  • R. Pretaroli

    (University of Macerata)

  • F. Severini

    (University of Macerata)

  • C. Socci

    (University of Macerata)

Abstract

In this paper an e ort is made to enrich the current Input-Output methodologies employed for studying the disruptive events, by extending the IO framework and including all the phases of the circular flow of income into the overall disaster impact. In this respect the Inoperability Extended Model is created and implemented in order to estimate the higher order effects in terms of value added percentage variations. The 2010 Social Accounting Matrix referred to the United Kingdom, is constructed and it is proposed as a starting point for assessing the effects of a system perturbation. The case of study is related to the eruption of the Volcano Eyjafjallajökull in mid April 2010 which became an international disruptive event heavily affecting the air transport services due to a full closure of British Air Space for several days. Finally the ranking of those commodities which are badly affected can provide guidance to the policy makers to minimize the overall impact on the economy

Suggested Citation

  • M. Ciaschini & A.K. El Meligi & R. Pretaroli & F. Severini & C. Socci, 2016. "Inoperability and Income Distribution: the IEM Approach," Working Papers 80-2016, Macerata University, Department of Finance and Economic Sciences, revised May 2016.
    • Handle: RePEc:mcr:wpdief:wpaper00080
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    More about this item

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • E16 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Social Accounting Matrix
    • L93 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Air Transportation
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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