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European multi regional input output data for 2008-2018.

Siyu Huang1,2, Pantelis Koutroumpis3

  • 1School of Systems Science, Beijing Normal University, Beijing, 100875, China.

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Summary

This study constructs detailed European regional trade flow data (Multi-Regional Input-Output tables) from 2008-2018. This fills a critical gap for economic analysis and policy-making across the European Union.

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Area of Science:

  • Economics
  • Regional Science
  • Economic Geography

Background:

  • Granular industry trade flow data is crucial for economic planning and disaster response within the European Union (EU).
  • Existing EU databases lack detailed regional-industry trade flow information, providing only national-sectoral or regional-only data.
  • Trade shocks in one EU member can significantly impact other member countries due to free trade agreements.

Purpose of the Study:

  • To construct comprehensive Multi-Regional Input-Output (MRIO) tables for 272 European NUTS-2 regions.
  • To cover the period from 2008 to 2018, incorporating freight transport data.
  • To address the data gap in granular regional-industry trade flows within the EU.

Main Methods:

  • Development of Multi-Regional Input-Output (MRIO) tables using freight transport data.
  • Construction of tables for 272 European NUTS-2 regions covering 10 sectors (industry, services, agriculture).
  • Data compilation for the period 2008-2018.

Main Results:

  • Successful construction of novel MRIO tables for European regions, detailing inter-regional trade flows.
  • Validation of the constructed dataset against the REGIO MRIO dataset and ground truth regional trade data.
  • Sensitivity analysis indicating relative standard errors below the average in MRIO literature.

Conclusions:

  • The developed MRIO tables provide a valuable, up-to-date resource for economic analysis and policy-making in the EU.
  • The methodology successfully fills a critical data gap, enabling more accurate assessments of trade impacts.
  • The validated dataset offers a reliable foundation for understanding and managing regional economic interdependencies.