Structural Change, Intersectoral Linkages And Hollowing-Out in the Taiwanese Economy, 1976-1994

This paper analyses structural change in the Taiwanese economy over the period 1976-1994 using a series of input-output tables. Unlike other studies of structural change, this analysis investigates the evolving internal complexity of intersectoral interdependencies using Key Sector Analysis which gauges the strength of forward and backward linkages, and the recently developed method of Minimal Flow Analysis, which gauges the degree of connectivity of the system. This analysis indicates that there has been a "hollowing-out" of the Taiwanese economy as the density of intersectoral linkages has declined since the early 1980s, similar to what has been observed of the US and Japanese economies at a much later stage of their development.

How Useful Is The Genuine Savings Rate As A Macroeconomic Sustainability Indicator For Countries And Regions? Australia And Queensland Compared

This paper demonstrates how macroeconomic indicators of sustainable development can be applied to the Queensland economy. We derive a Genuine Savings Rate (GSR) for Queensland for the period 1989 to 1999, which is then compared with the World Bank estimate of Australia's GSR for the same period. Specifically, we examine how well a single "headline" indicator based on the World Bank's GSR performs as a measure of overall sustainability. In doing so, we review criticisms of the GSR and compare its potential policy directives with those emerging from the use of net state savings and then the GSR as part of a suite of indicators.