TY - UNPB
T1 - Long-run World Input-Output Database
T2 - Version 1.0 Sources and Methods
AU - Woltjer, P.J.
AU - Gouma, Reitze
AU - Timmer, Marcel P.
PY - 2021/12
Y1 - 2021/12
N2 - In this paper we outline the construction of the WIOD for a longer period, namely from 1965 onwards, hence the name Long-run WIOD (LR-WIOD). This encompasses the period of rapid growth in the world economy – the Golden Age of Growth according to Maddison (1995) – and characterized by increasing integration of production and consumption in the world economy, including the integration of Japan, South Korea and other East-Asian countries in the world economy, and the continuous integration of countries within the European Union. Related work has been performed by Johnson and Noguera (2012, 2016) and Pahl and Timmer (2020). Pahl and Timmer provide national input output tables for a wide set of 76 countries for 1970-2010, but do not link these together with bilateral trade data. Johnson and Noguera do link up national tables for 34 countries back to 1970 but only at a very aggregate sector level (for 4 sectors”agriculture, mining, manufacturing and services) obscuring many interesting developments within manufacturing and services. Moreover, the long-run WIOD provides not only nominal tables at current prices, but also volume tables at constant prices, as well as compatible information on labour and capital inputs used, thus greatly enhancing the type of research questions that can be handled. Last but not least, the LR-WIOD is an open access database providing full details on construction methods, allowing others to use the data, and also to generate alternative tables by modifying underlying assumptions.
AB - In this paper we outline the construction of the WIOD for a longer period, namely from 1965 onwards, hence the name Long-run WIOD (LR-WIOD). This encompasses the period of rapid growth in the world economy – the Golden Age of Growth according to Maddison (1995) – and characterized by increasing integration of production and consumption in the world economy, including the integration of Japan, South Korea and other East-Asian countries in the world economy, and the continuous integration of countries within the European Union. Related work has been performed by Johnson and Noguera (2012, 2016) and Pahl and Timmer (2020). Pahl and Timmer provide national input output tables for a wide set of 76 countries for 1970-2010, but do not link these together with bilateral trade data. Johnson and Noguera do link up national tables for 34 countries back to 1970 but only at a very aggregate sector level (for 4 sectors”agriculture, mining, manufacturing and services) obscuring many interesting developments within manufacturing and services. Moreover, the long-run WIOD provides not only nominal tables at current prices, but also volume tables at constant prices, as well as compatible information on labour and capital inputs used, thus greatly enhancing the type of research questions that can be handled. Last but not least, the LR-WIOD is an open access database providing full details on construction methods, allowing others to use the data, and also to generate alternative tables by modifying underlying assumptions.
M3 - Working paper
T3 - GGDC Research Memorandum
BT - Long-run World Input-Output Database
PB - Rijksuniversiteit Groningen
ER -