EU trade: deviations in multi-country input-output tables and their implications for trade policy

Over the past two decades, research institutions around the world have undertaken numerous projects to develop global multi-country input-output (MCIO) databases. This effort has resulted in the creation of several notable databases, including WIOD, Exiobase, GTAP-MRIO, OECD-ICIO, FIGARO, and Eora. These databases have allowed international organizations and countries to conduct comprehensive assessments of socioeconomic, environmental, and trade impacts. The trade-in-value-added indicators, in particular, have been widely used and have undergone detailed evaluations to compare the results across different databases. However, there has been limited examination of the compilation processes and underlying data that contribute to variations in indicators and trade values, and their implications for policy decisions. In this paper, we explored the significant discrepancies in trade policy-relevant indicators depending on the MCIO used, and delved into the reasons behind these deviations.

PINERO MIRA Pablo;  KUTLINA-DIMITROVA Zornitsa;  RUEDA CANTUCHE Jose; 

2025-12-02

AIMS Press

JRC142941

https://www.aimspress.com/article/doi/10.3934/NAR.2025023,    https://publications.jrc.ec.europa.eu/repository/handle/JRC142941,   

10.3934/NAR.2025023 (online),