What is the relationship between international trade and business cycle synchronization? Using data from 40 countries, we find that GDP comovement is significantly associated with trade in intermediate inputs but not with trade in final goods. Motivated by this new fact, we build a model of...

Economic sectors play a vital role in ensuring that government’s goals are achieved. This study analyzes the evolution of the structure and key sectors of an economy through the use of a sector prioritization index. This methodology integrates input-output analysis and analytic hierarchy...

This study puts forward a model of a multisector economy and embeds it in a novel theoretical framework to address the relationship between commodity revenues and manufacturing output with a special focus on the role of the agricultural sector. The three-sector model lays the groundwork for...

The Eurostat-JRC project "Full International and Global Accounts for Research in Input-Output Analysis" (FIGARO) has produced experimental EU inter-country supply, use and input-output tables for the year 2010 in line with ESA 2010 methodology (3). This paper uses FIGARO tables to analyse the...