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National Research University Higher School of Economics → Continuing Professional Development → International Institute of Statistical EducationAPEC Conference "Building APEC Economies’ Capacities of Employing Input-Output Tables for Advanced Economic Modeling"

APEC Conference "Building APEC Economies’ Capacities of Employing Input-Output Tables for Advanced Economic Modeling"

Grand Copthorne Waterfront Hotel

Singapore 24-25 November 2011

APEC economies should seize the moment and absorb the policy advice arising from Input-Output modeling solutions, experts and participants agreed at a recently concluded conference in Singapore.

The Conference was held on November 24-25, 2011 as part of a self-funded project proposal developed by the Russian Federation and endorsed by the APEC Senior Officials’ Steering Committee on ECOTECH. The Conference was sponsored by the Ministry of Economic Development of the Russian Federation and organized by the Higher School of Economics, a Moscow-based National Research University.

Background

For more than two decades, APEC has been a vibrant forum for regional consultation and dialogue and has guided the increasingly interdependent Asia-Pacific economies towards a more effective and coherent cooperation. APEC pursues the overarching Bogor Goal of achieving free and open trade and investment in the Asia Pacific by 2020.

Setting out the vision of an economically integrated, robust and secure APEC community in Yokohama 2010 Declaration, APEC Leaders highlighted the need of concrete, practical, and measurable steps.

There has been renewed interest among APEC economies in activities that entail measurement of progress and analysis of impact of economic policies. Initiatives such as Supply Chain Connectivity Framework and APEC New Strategy for Structural Reform call for setting numerical targets which may be quantitatively assessed.

To attain the best design of domestic and external sector policies, policy makers may require qualitative and quantitative analytical tools. Examples include Regulatory Impact Assessment and Free Trade Impact Assessment studies which are effectively used by a growing number of APEC economies and worldwide.

Some of the most sophisticated modeling techniques utilise extensive flow of economic statistics in the form of Input-Output Tables (IOT). Input-Output Tables offer the most detailed portrait of an economy. They enable a detailed analysis of the process of production and the use of goods and services (products) and the income generated in that production. The tables are more complex than most other statistics and their compilation is challenging. But the benefits are large in many ways despite the required efforts.

With the globalisation and regionalisation of economic activities, many analysts have rediscovered the great utility of these specific statistics for several purposes of policy advice. In fact, inter-regional Input-Output techniques have recently produced exciting results in several areas of APEC interest. These include quantification of supply or value chains performance and environment policies impact assessments.

As an integral component of the System of National Accounts, IOT are frequently compiled and used by individual economies. Various collaborative projects also pursued compilation of international IOT databases, including the World Input-Output Database (WIOD) project, IDE-JETRO’s Asian Input-Output Tables and the Global Trade Analysis Project (GTAP).

An APEC-wide exchange of practices in the area of IOT may be beneficial to all member economies with a view to build capacity for application of advanced methodologies to quantify the effects of various regional processes and policies. The issue of availability and compatibility of IOT may also need to be addressed by exploring further statistical capacity building within APEC.

With consideration of the above, the Russian Federation developed an APEC self-funded project proposal "Building APEC Economies' Capacities of Employing Input-Output Tables for Advanced Economic Modeling". The project proposal (SCE 01/2011S) was endorsed by the APEC Senior Officials' Steering Committee on Economic and Technical Cooperation at the second 2011 meeting in Big Sky, Montana (USA). The Conference in Singapore was the project’s main activity.

Purpose

The self-funded project was designed to identify the need and interest among APEC economies in a closer collaboration on advanced economic policy modeling. The purpose of the conference was to explore whether international input-output tables and related models may be a practical tool for impact analysis of various APEC policy initiatives.

The first day of the conference included presentations and Q & A sessions to raise APEC members’ awareness about the academic achievements in the area of economic policy modeling and the applicability of results. The second day provided an avenue for discussion of what can be APEC’s role in building capacities in the area of producing and employing IOT in the foreseeable future.

Summary of the Conference and background materials

The Conference participants agreed to send a message to APEC Senior Officials in the form of a brief summary which, in particular, says that “If policy makers’ understanding of the economy and international economic linkages is refined, it may progressively change the way governments formulate and implement their policies”.

Summary of the Conference

Discussion Paper: APEC Agenda and Input-Output Modeling. Preliminary Ideas for Collaboration

Speaker and Moderator Biographies

 

Agenda and Presentations

24 November 2011 (Thursday)

8:30am - 9:00am

 

Registration

9:00am - 9:10am

 

Introduction and Welcome

Ambassador Muhamad Noor Yacob

Executive Director of the APEC Secretariat

Note

9:10am - 9:30am

 

Keynote address: Employing Input-Output Tables for Advanced Economic Modeling

Alexey Ponomarenko

Director, International Institute for Education in Statistics

Higher School of Economics (National Research University), Russia

Presentation

9:30am - 10:30am

 

Session 1: Towards an Economically Integrated APEC Community

 

 

Moderator: Kirill Muradov

Research and Education Progammes Coordinator, International Institute for Education in Statistics, Higher School of Economics (National Research University), Russia

 

 

APEC’s strategic objectives and regional economic integration initiatives

Denis Hew

Director, Policy Support Unit, APEC Secretariat

Presentation

 

 

A Generalized Framework for Input-Output Relations in the APEC Area

Masaaki Kuboniwa

Professor, Institute of Economic Research, Hitotsubashi University, Japan

Presentation

10:30am - 11:00am

 

Coffee Break

11:00am - 12:30pm

 

Session 2: Input-Output Modeling Techniques: Applications and Results (Part I). Tracing Regional Value Chains/Supply Chains

 

 

Moderator: Kirill Muradov

Research and Education Progammes Coordinator, International Institute for Education in Statistics, Higher School of Economics (National Research University), Russia

 

 

From Trade in Goods to Trade in Value-Added: An Evolutionary Perspective on Production Networks in the Asia-Pacific Region

Satoshi Inomata

Research Fellow, Director of International Input-Output Analysis Studies Group, IDE-JETRO, Japan

Presentation

 

 

Give Credit Where Credit Is Due: Tracing Value Added in Global Production Chains

William Powers

International Economist

Research Division, Office of Economics, US International Trade Commission

Presentation

 

 

The Impact of Global Supply Chains on Trade: Towards a Measure of Trade in Value Added and Implications for Trade Policy

Christophe Degain

Senior Statistical Officer, Economic Research and Statistics Division, World Trade Organization

Presentation

12:30pm - 2:00pm

 

Lunch

2:00pm - 3:30pm

 

Session 3: Input-Output Modeling Techniques: Applications and Results (Part II). Testing a Better Design of Green Growth Policies

 

 

Moderator: Yuichi Hasebe

Professor, International Graduate School of Social Sciences, Yokohama National University

 

 

Multi-region Input-Output Frameworks and Their Use for Global Environmental Policy

Manfred Lenzen

Professor of Sustainability Research

School of Physics, Faculty of Science, The University of Sydney

Presentation

 

 

The Input-Output and Emission Reduction in China

Zhang Yaxiong

Assistant Director-General and Division Chief

Department of Economic Forecasting

State Information Centre, China

Presentation

 

 

Sustainable Development of the Mining and Metallurgical Industries in the APEC economies: Input-Output Based Modeling

Victor Kovshevny

CEO of "Intellectual Resources" Centre, Moscow Institute of Steel and Alloys

3:30pm - 3:50pm

 

Coffee Break

3:50pm - 4:50pm

 

Session 4: National and International Input-Output Tables. Compilation and Mapping Issues

 

 

Moderator: Alexey Ponomarenko

Director, International Institute for Education in Statistics

Higher School of Economics (National Research University), Russia

 

 

A Brief Review of Chinese Taipei’s Input-Output Tables and Their Applications

Hung-Chyn Chen

Deputy Director

Taiwan Research Institute, Chinese Taipei

Presentation

4:50pm - 5:00pm

 

Wrap-up of Day 1

Alexey Ponomarenko

6:30pm - 8:00pm

 

Reception (venue: Cardinal Room, Level 3)

 

 

 

25 November 2011 (Friday)

09:00am - 10:20am

 

Session 5: Putting Input-Output Models at APEC Service. Ideas for Further Collaboration

 

 

Moderator: Alexey Ponomarenko

Director, International Institute for Education in Statistics

Higher School of Economics (National Research University), Russia

 

 

APEC Agenda and Input-Output Modeling. Preliminary Ideas for Collaboration

Kirill Muradov

Research and Education Progammes Coordinator, International Institute for Education in Statistics, Higher School of Economics (National Research University), Russia

Presentation

 

 

Application of Input-Output Tables to APEC Work

Ekaterina Loburtsova

Expert, Ministry of Economic Development of the Russian Federation

Note

 

 

Roundtable Discussion, Circulation of Draft Summary

10:20am - 10:30am

 

Wrap-up of Day 2 and Overview of the Conference Outcome

Alexey Ponomarenko

 

Additional materials

APEC News Release

All Documents for Download as a Single Batch (RAR Archive)

 

Useful Links