The inoperability extended multisectoral model and the Role of Income Distribution: A U.K. Case Study
In this paper, an effort is made to enrich the current input–output (I–O) methodologies employed for studying disruptive events, by extending the I–O framework and including all the phases of the circular flow of income into the overall disaster impact. In this respect, the Inoperability Extended Mu...
Published in: | Review of Income and Wealth |
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Online Access: | https://doi.org/10.1111/roiw.12368 |
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ftrepec:oai:RePEc:bla:revinw:v:65:y:2019:i:3:p:617-631 2024-04-14T08:11:17+00:00 The inoperability extended multisectoral model and the Role of Income Distribution: A U.K. Case Study Andrea Karim El Meligi Maurizio Ciaschini Yousaf Ali Khan Rosita Pretaroli Francesca Severini Claudio Socci https://doi.org/10.1111/roiw.12368 unknown https://doi.org/10.1111/roiw.12368 article ftrepec https://doi.org/10.1111/roiw.12368 2024-03-19T10:31:08Z In this paper, an effort is made to enrich the current input–output (I–O) methodologies employed for studying disruptive events, by extending the I–O framework and including all the phases of the circular flow of income into the overall disaster impact. In this respect, the Inoperability Extended Multisectoral Model is created and implemented in order to estimate the higher‐order effects in terms of value added and disposable income. The social accounting matrix, referred to the United Kingdom, is constructed and proposed as a starting point for assessing the effects of a system perturbation related to the eruption of the Volcano Eyjafjallajökull, in mid‐April 2010, which affected air transport services due to the full closure of the U.K.'s airspace for several days. Finally, the ranking of those commodities and institutional sectors which are badly affected can provide guidance to policymakers in order to minimize the overall impact on the economy. Article in Journal/Newspaper Eyjafjallajökull RePEc (Research Papers in Economics) Review of Income and Wealth 65 3 617 631 |
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Open Polar |
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RePEc (Research Papers in Economics) |
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unknown |
description |
In this paper, an effort is made to enrich the current input–output (I–O) methodologies employed for studying disruptive events, by extending the I–O framework and including all the phases of the circular flow of income into the overall disaster impact. In this respect, the Inoperability Extended Multisectoral Model is created and implemented in order to estimate the higher‐order effects in terms of value added and disposable income. The social accounting matrix, referred to the United Kingdom, is constructed and proposed as a starting point for assessing the effects of a system perturbation related to the eruption of the Volcano Eyjafjallajökull, in mid‐April 2010, which affected air transport services due to the full closure of the U.K.'s airspace for several days. Finally, the ranking of those commodities and institutional sectors which are badly affected can provide guidance to policymakers in order to minimize the overall impact on the economy. |
format |
Article in Journal/Newspaper |
author |
Andrea Karim El Meligi Maurizio Ciaschini Yousaf Ali Khan Rosita Pretaroli Francesca Severini Claudio Socci |
spellingShingle |
Andrea Karim El Meligi Maurizio Ciaschini Yousaf Ali Khan Rosita Pretaroli Francesca Severini Claudio Socci The inoperability extended multisectoral model and the Role of Income Distribution: A U.K. Case Study |
author_facet |
Andrea Karim El Meligi Maurizio Ciaschini Yousaf Ali Khan Rosita Pretaroli Francesca Severini Claudio Socci |
author_sort |
Andrea Karim El Meligi |
title |
The inoperability extended multisectoral model and the Role of Income Distribution: A U.K. Case Study |
title_short |
The inoperability extended multisectoral model and the Role of Income Distribution: A U.K. Case Study |
title_full |
The inoperability extended multisectoral model and the Role of Income Distribution: A U.K. Case Study |
title_fullStr |
The inoperability extended multisectoral model and the Role of Income Distribution: A U.K. Case Study |
title_full_unstemmed |
The inoperability extended multisectoral model and the Role of Income Distribution: A U.K. Case Study |
title_sort |
inoperability extended multisectoral model and the role of income distribution: a u.k. case study |
url |
https://doi.org/10.1111/roiw.12368 |
genre |
Eyjafjallajökull |
genre_facet |
Eyjafjallajökull |
op_relation |
https://doi.org/10.1111/roiw.12368 |
op_doi |
https://doi.org/10.1111/roiw.12368 |
container_title |
Review of Income and Wealth |
container_volume |
65 |
container_issue |
3 |
container_start_page |
617 |
op_container_end_page |
631 |
_version_ |
1796308986719371264 |