Multi-regional Input-output Dataset for the UK from 2017 to 2022

Area of Science:

• Economics
• Regional Science
• Econometrics

Background:

• Brexit has significantly altered the UK's domestic supply chains and European trade relationships.
• Existing multi-regional input-output (MRIO) databases lack the necessary resolution for detailed UK analysis, especially post-Brexit.
• There is a need for granular, up-to-date data to understand regional economic dynamics.

Purpose of the Study:

• To construct a novel, time-series multi-regional input-output (MRIO) dataset for 12 UK regions.
• To provide high industry granularity (105 sectors) and cover final demand categories (6) from 2017 to 2022.
• To facilitate in-depth analysis of regional and global value chain shifts influenced by Brexit and other major events.

Main Methods:

• Compilation of a time-series MRIO dataset using data from the UK Office for National Statistics (ONS).
• Ensuring annual updates for raw data and consistency in final tables regarding values, scope, and layout.
• Developing a dataset with high industry granularity for 12 UK International Territorial Level-1 regions.

Main Results:

• A comprehensive MRIO dataset for UK regions covering 2017-2022 has been created.
• The dataset features high industry granularity and is based on annually updated ONS data.
• The final tables are validated for consistency with official UK statistics.

Conclusions:

• The new MRIO dataset offers a valuable resource for analyzing complex economic phenomena.
• It supports detailed examination of regional supply chains and global value chains within the UK.
• The dataset is crucial for understanding the economic, social, and environmental implications of Brexit, COVID-19, and other international events on UK regions.