An Input-output Analysis of the Maritime Industry in Thailand
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This study examines the role of the maritime industry in Thailand’s economy since it is crucial to the determination of marine policy measures. The five major marine sectors are disaggregated from the input-output table for 2000, 2005, 2010, and 2015 and the inter-industry linkage effect assessed. The linkage effect is applied to measure the forward and backward linkages of all sectors in the entire economy. The forward linkage indicates the importance of the marine industry as a supplier, whereas the backward linkage represents its importance from the demand perspective. The results indicate that the maritime industry has a relatively strong backward linkage effect and a weak forward linkage effect on other sectors. Furthermore, the five major marine sectors are treated as exogenous, and the economic impact of Thailand’s maritime industry then analyzed in terms of production-inducing and sectoral supply shortage effects. The findings of this study provide at least a preliminary indication of the role played by the maritime industry and how it influences Thailand’s policymakers in their decision-making when formulating maritime policies and systems management.
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