The Role of the Energy Sector in Regional Economy: Estimating Multiplicative Effects

• Main Authors: Natalia Gennadyevna Zakharchenko, Olga Valeryevna Dyomina
• Format: Article
• Language: Russian
• Published: Economic Research Institute of the Far East Branch of the Russian Academy of Sciences 2013-03-01
• Series: Prostranstvennaâ Èkonomika
• Subjects: мultiplier; social accounting matrix; intersectional effects; final demand effects; key intermediaries; linkages structure; fuel and energy complex; Khabarovsk Territory
• Online Access: http://spatial-economics.com/eng/images/spatial-econimics/1_2013/SE.2013.1.033-054.Zakharchenko.pdf

This paper concludes the fuel and energy complex as an output and income growth generating element of the regional economic system. The authors develop the social accounting matrix (SAM) for 2010 which includes a symmetric input-output table, to analyze interactions between the fuel and energy complex and the economy of Khabarovsky Krai. The authors use the matrix to estimate multipliers of linkages between the fuel and energy complex and region’s economy. The article also uses the social accounting matrix to estimate the shares of intersectional and final demand effects in the structure of multipliers. The SAM also enables the authors to identify key intermediaries which define the regional economy’s reaction to changes in development strategies of the fuel and energy complex