Economics at your fingertips  

Sectoral linkages and economic crisis: An input-output analysis of the Cypriot economy

Elias Giannakis () and Theofanis Mamuneas ()
Additional contact information
Elias Giannakis: Energy, Environment and Water Research Center, The Cyprus Institute

Cyprus Economic Policy Review, 2018, vol. 12, issue 1, 28-40

Abstract: The objective of this paper is to analyse the inter-industry linkages and interdependencies in Cyprus economy during the recent economic crisis. The input-output multiplier analysis indicates that the food manufacturing industry and the transportation sector are the sectors with the highest backward linkages in the Cypriot economy overtime. The food manufacturing industry and the agricultural sector achieved to increase their positive economy-wide effects in the economy during the recession. Supporting the partnership of these sectors can enhance the whole agri-food chain and invigorate economic growth in both good and bad times. The banking-financing sector, although it suffered the brunt of the economic recession impacts, also managed to increase its multiplier effect, thus confirming its important role on the stability of the Cypriot economy. The size of the economy-wide multiplier effect of economic sectors is a key criterion in judging industries’ potential on promoting economic growth.

Keywords: Economic crisis; Input-output analysis; Inter-industry linkages; Agri-food sector; Banking-financing; Cyprus. (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

Access Statistics for this article

Cyprus Economic Policy Review is currently edited by Prof. Elena Andreou

More articles in Cyprus Economic Policy Review from University of Cyprus, Economics Research Centre Contact information at EDIRC.
Bibliographic data for series maintained by Vasiliki Bozani ().

Page updated 2023-05-18
Handle: RePEc:erc:cypepr:v:12:y:2018:i:1:p:28-40