 High Employment Generating Sectors in Portugal: an Interindustry ApproachJoao Carlos Lopes International Journal of Finance, Insurance and Risk Management, 2012, vol. 2, issue 2, 125 Abstract: An increase in the unemployment rate is one of the most serious consequences of macroeconomic crises. In Portugal, the impact of the recent recession has been particularly strong. In this paper, after quantifying this macroeconomic problem, an interindustry approach is used in order to identify the high employment generating (or destructing) sectors. This approach is particularly interesting because it considers not only the direct flows of job creation and destruction, but also the employment changes attributable to the indirect and induced effects of interindustry connections (the flows of intermediate inputs supply and demand). Using the so-called hypothetical extraction (or “shut-down of industry”) method and the employment and interindustry data of the Portuguese economy, the key sectors in terms of multipliers, elasticities and the creation of jobs are identified. The empirical results of this paper can be useful in improving the policy responses to the crisis and carrying out the most appropriate measures to stimulate the economy. Keywords: Input-output analysis; hypothetical extraction; employment. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ers:ijfirm:v:2:y:2012:i:2:p:125 Access Statistics for this article More articles in International Journal of Finance, Insurance and Risk Management from International Journal of Finance, Insurance and Risk Management |
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