European multi regional input output data for 2008–2018

Abstract

Regioindustry trade flow data are useful inputs for economists and policy makers for a range of planning and disaster-response applications. Within the European Union (EU) whose members enjoy free trade, small variations in these granular trade flows can often propagate to other member-countries far beyond the original trade-shock. In spite of their importance, this information is either outdated or non-existent in the EU as the official databases only provide data at the national-sectoral or regional-only (non-industry specific) level. To fill this gap, we construct Multi-Regional Input-Output (MRIO) tables for 272 European NUTS-2 regions for the period 2008–2018, building on freight transport data as their main trade route across them. The database covers 10 sectors for industry, services and agriculture. We successfully validate our estimates through a direct comparison with a previous MRIO dataset for European regions (REGIO), a sub-sample of countries reporting regional trade flow data as the “ground truth” and a sensitivity analysis reporting relative standard errors well below the MRIO literature average.

The European regions in the global value chains: New results with new data

“…In recent days, our attention has been drawn to an effort in the development of a Python code aimed at constructing MRIO tables for NUTS-2 regions(Huang & Koutroumpis, 2023). This work was published on 18 April 2023, along with a link to the code (designated as version 6).…”