Assessment 2A: Team Assignment Report: Hanoi Campus

Hanoi campus
ECON1267- Quantitative Analysis
Assessment 2A: Team

Assignment Report
Team name: HN_G01_Team 05
Team members: Pham Phuong Anh – s3756162
Nguyen Thi Nhat Anh – s3757073
Nguyen Duc Cuong – s3891765
Nguyen Thu Huyen – s3575663
Nguyen Ha Tuong Van – s3752054
Lecturer: Dr. Selim Ergun

Word count: 2,502 words.
1
Contents
Part A: China’s 34 Industries Performance Analysis.........................3

I. Introductory Review of Input-Output Table.............................................................3
II. Input-Output Table Analysis.........................................................................................5
a. Estimation of the technology matrix of the 34-industry from 2015 to 2017....................5
b. Input-Output Analysis of China’s 34 Industries...............................................................6
c. Profit and Profit Margin Analysis of China’s 34-industries.............................................7
d. Discussion of Findings......................................................................................................9
III. Effects of Economic Shock and Economic Policies..........................................11
a. Estimation of New Output to satisfy New External Demand in 2016 & 2017...............11
b. New Input-Output Table for 2016 & 2017.....................................................................12
c. Impacts of global economic shock and economic stimulation policies to the changes of
input-output and total profit(loss)...........................................................................................13
d. Most affected Industries during Economic Shock and Economic Stimulation Policies.15
IV. Conclusion...................................................................................................................17
Part B: Matrix Encryption...................................................................19
I. Design an Encryption process........................................................................19
II. Reflection.......................................................................................................22
Part C: References................................................................................23
Part D: Appendix..................................................................................26
2
Part A: China’s 34 Industries Performance Analysis
I. Introductory Review of Input-Output Table
Input-output-analysis technique was developed from economic data observation by Wassily
Leontief (Ronald & Peter n.d). This model is widely adopted in economics, with its primary
purpose is to analyze the interdependence between industries, which means outputs of one serve
as inputs for others (Heinz & Christian 2000). For instance, one industry purchases raw materials
or fuels (input) from other industries for their manufacturing purposes while adding labor and
capital to produce goods or services. Moreover, they sell these goods or services (output) to other
industries as raw materials for production, supplying final demand sectors including government,
business and households. Input-output tables (IOTs) record these transactions in rows and
columns pertaining to detailed product and industry classifications, exhibiting production and
consumption interdependencies on domestic and international scale (Paul 2013).
Regarding economic perspective, these IOTs’ recorded transactions illustrate the demand-supply
relationship of economic equilibrium. This shows final demands for goods and services with
compulsory inter-industry transactions to fulfil that demand which assists policymakers to
evaluate stages of economic growth for determining strategies (William 2020). For instance,
when automobile producer increases the number of cars they produce, firms will need more
workers to increase production thus, increase employment while also need to purchase more steel
or other related goods used manufacturing process. Since manufacturers increase their inputs
purchase, those inputs-producer including steel manufacturers need more workers and purchase
more of their inputs to satisfy the car manufacturer’s demand. This example indicates that IOTs
can analyze the influences and connections between sectors and economic projections (GDP)
while being a basis for planning and macroeconomic investigation (Ridwan, Ofya & Sony 2015).
Since GDP captures all final goods and services made within an economy, GDP growth rate is an
accurate indicator reflecting economic growth (Tim 2020). With various flows of commodities
and services involved in different industries, IOTs illustrate the final uses of goods and services
which are the basis for GDP growth rate’s calculation.
3
Pertaining to sustainable development of one economy, analyzing relationships between socio-
economic activities and the environment is critical for sustainable development planning at all
levels (Vito & Silvana 2004). IOTs can be used to track supply chain’s activities in terms off
assessing the link between economic development and its environmental consequences (United
Nation 2018). These environmentally-extended IOTs comprise all sectors in one economy with
additional flows of locally extracted materials, publicly water usage and emissions. With the
assistance of multicriteria decision aid tools to determine the most sustainable sector, the
government can facilitate economic progression while generating minimal environmental
impacts (Lenzen 2003).
However, IOTs has limitation regarding its inaccuracy of linear input coefficient (Smriti n.d).
Since its framework relies on recorded data and constancy assumption, the model eliminates
possibilities of unexpected economic events such as COVID 19 or market crash 2008 (United
Nation 2018). For instance, gasoline price might undesirably rise. As industries are connected,
those using gasoline input will fail to respond to the sudden shift, resulting in unrealistic
expectations for involved industries. Regardless, most identities notice the shortcoming of this
tool, thus only utilizing it as a suggestive foundation for overall economic performance.
4
II. Input-Output Table Analysis
a. Estimation of the technology matrix of the 34-industry from 2015 to 2017
Technology matrix is deviated from dividing the relative Input-Output Table cell to their relative
Total Output of the referred column industry.
c1 c2 c3 c4 c5 c6 c7 c8 c9 c10 c11 c12 c13 c14 c15 c16 c17 c18 c19 c20 c21 c22 c23 c24 c25 c26 c27 c28 c29 c30 c31 c32 c33 c34
c1 0.14 0.00 0.35 0.11 0.10 0.14 0.06 0.00 0.04 0.03 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.01 - 0.00 0.00 0.11 0.00 0.00 0.00 0.06 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.00
c2 0.00 0.10 0.00 0.00 0.00 0.00 0.01 0.57 0.04 0.01 0.11 0.14 0.01 0.00 0.00 0.01 0.19 0.01 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c3 0.10 0.00 0.24 0.00 0.10 0.00 0.01 0.01 0.03 0.01 0.01 0.01 0.01 0.00 0.00 0.01 0.00 0.00 - 0.00 0.00 0.31 0.00 0.02 0.03 0.02 0.01 0.00 0.00 0.01 0.02 0.04 0.02 0.04
c4 0.00 0.00 0.00 0.42 0.09 0.00 0.01 0.00 0.01 0.04 0.01 0.00 0.01 0.00 0.01 0.05 0.00 0.01 - 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.03 0.00 0.03 0.02
c5 0.00 0.00 0.00 0.02 0.33 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00
c6 0.00 0.01 0.00 0.00 0.00 0.40 0.02 0.00 0.00 0.00 0.01 0.01 0.01 0.00 0.00 0.11 0.00 0.04 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c7 0.00 0.00 0.01 0.00 0.01 0.01 0.29 0.00 0.01 0.01 0.01 0.00 0.00 0.01 0.00 0.02 0.00 0.00 - 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.04 0.02 0.02 0.00 0.02
c8 0.02 0.03 0.00 0.00 0.00 0.01 0.01 0.08 0.09 0.02 0.04 0.04 0.01 0.00 0.00 0.01 0.04 0.02 - 0.00 0.00 0.00 0.10 0.14 0.16 0.11 0.00 0.00 0.00 0.03 0.02 0.01 0.02 0.01
c9 0.06 0.02 0.01 0.06 0.03 0.05 0.09 0.03 0.29 0.29 0.06 0.02 0.02 0.03 0.01 0.03 0.01 0.03 - 0.00 0.00 0.01 0.01 0.01 0.01 0.02 0.00 0.00 0.00 0.02 0.01 0.02 0.32 0.04
c10 0.01 0.01 0.01 0.01 0.03 0.01 0.03 0.00 0.02 0.19 0.02 0.01 0.02 0.03 0.03 0.03 0.00 0.01 - 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01
c11 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.17 0.02 0.01 0.01 0.01 0.01 0.00 0.18 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c12 0.00 0.04 0.00 0.00 0.00 0.02 0.01 0.01 0.01 0.02 0.05 0.34 0.18 0.11 0.10 0.07 0.01 0.17 - 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.01
c13 0.01 0.04 0.00 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.03 0.03 0.18 0.02 0.05 0.01 0.01 0.01 - 0.00 0.00 0.00 0.00 0.02 0.03 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.00
c14 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.12 0.38 0.06 0.01 0.07 0.05 - 0.02 0.02 0.00 0.00 0.00 0.00 0.01 0.10 0.00 0.00 0.10 0.01 0.02 0.01 0.05
c15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.03 0.00 0.36 0.00 0.00 0.00 - 0.00 0.00 0.00 0.08 0.07 0.08 0.01 0.01 0.00 0.00 0.03 0.02 0.00 0.00 0.05
c16 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.02 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.01
c17 0.01 0.05 0.01 0.01 0.00 0.02 0.02 0.02 0.05 0.02 0.06 0.05 0.02 0.01 0.01 0.01 0.32 0.02 - 0.01 0.01 0.01 0.02 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.02
c18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.04 - 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.01 0.01 0.02 0.00 0.02 0.01 0.00 0.01
c19 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c20 0.02 0.01 0.05 0.05 0.07 0.02 0.03 0.02 0.03 0.04 0.03 0.02 0.03 0.04 0.05 0.03 0.02 0.02 - 0.04 0.00 0.06 0.01 0.02 0.02 0.02 0.02 0.01 0.00 0.04 0.02 0.02 0.05 0.04
c21 0.00 0.00 0.01 0.01 0.02 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.01 0.01 0.01 0.00 0.01 - 0.00 0.04 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.01
c22 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.01 - 0.01 0.01 0.00 0.02 0.00 0.01 0.01 0.01 0.04 0.00 0.03 0.05 0.04 0.01 0.02
c23 0.01 0.01 0.02 0.01 0.01 0.02 0.02 0.02 0.02 0.02 0.03 0.02 0.02 0.01 0.01 0.01 0.01 0.02 - 0.02 0.02 0.01 0.04 0.00 0.00 0.06 0.00 0.00 0.00 0.02 0.02 0.01 0.01 0.01
c24 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.01 0.01 0.00 0.00 0.07 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.07 0.02 0.00 0.00 0.00 0.01 0.02 0.02 0.00 0.01
c26 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 - 0.01 0.01 0.00 0.05 0.08 0.02 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01
c27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 - 0.00 0.00 0.01 0.00 0.03 0.01 0.01 0.10 0.02 0.00 0.02 0.04 0.03 0.02 0.01
c28 0.01 0.03 0.01 0.01 0.00 0.01 0.02 0.01 0.02 0.01 0.02 0.03 0.02 0.02 0.01 0.01 0.05 0.03 - 0.04 0.04 0.01 0.07 0.07 0.04 0.06 0.02 0.06 0.06 0.05 0.03 0.05 0.02 0.02
c29 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.06 0.06 0.01 0.00 0.00 0.00 0.01 0.01 0.04 0.02 0.01 0.01 0.01 0.01 0.04
c30 0.01 0.03 0.02 0.01 0.01 0.01 0.02 0.01 0.03 0.02 0.02 0.01 0.03 0.03 0.03 0.02 0.01 0.05 - 0.12 0.12 0.01 0.01 0.02 0.01 0.02 0.04 0.07 0.03 0.09 0.02 0.02 0.00 0.02
c31 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00
c32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.02 0.05 0.01 0.00
c33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.00
c34 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.01 0.01 - 0.01 0.01 0.01 0.02 0.01 0.01 0.05 0.01 0.02 0.00 0.01 0.04 0.03 0.02 0.05
c1 0.13 0.00 0.34 0.10 0.09 0.14 0.06 0.00 0.04 0.03 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.01 - 0.00 0.00 0.10 0.00 0.00 0.00 0.06 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.00
c2 0.00 0.09 0.00 0.00 0.00 0.00 0.01 0.56 0.04 0.01 0.11 0.13 0.01 0.00 0.00 0.01 0.18 0.01 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c3 0.10 0.00 0.24 0.00 0.10 0.00 0.01 0.01 0.03 0.01 0.01 0.01 0.01 0.00 0.00 0.01 0.01 0.00 - 0.00 0.00 0.31 0.00 0.02 0.03 0.02 0.01 0.00 0.00 0.01 0.02 0.03 0.02 0.04
c4 0.00 0.00 0.00 0.43 0.09 0.00 0.01 0.00 0.01 0.04 0.01 0.00 0.01 0.00 0.01 0.05 0.00 0.01 - 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.03 0.00 0.03 0.01
c5 0.00 0.00 0.00 0.02 0.34 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00
c6 0.00 0.01 0.00 0.00 0.00 0.40 0.02 0.00 0.00 0.00 0.01 0.01 0.01 0.00 0.00 0.11 0.00 0.04 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c7 0.00 0.00 0.01 0.00 0.01 0.01 0.30 0.00 0.01 0.01 0.01 0.00 0.00 0.01 0.00 0.02 0.00 0.00 - 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.04 0.02 0.02 0.00 0.02
c8 0.02 0.03 0.00 0.00 0.00 0.01 0.01 0.09 0.09 0.02 0.04 0.04 0.01 0.00 0.00 0.01 0.04 0.02 - 0.00 0.00 0.00 0.10 0.14 0.16 0.11 0.00 0.00 0.00 0.03 0.02 0.01 0.02 0.01
c9 0.06 0.02 0.01 0.06 0.03 0.05 0.09 0.03 0.30 0.29 0.06 0.02 0.02 0.03 0.01 0.03 0.01 0.03 - 0.00 0.00 0.01 0.01 0.01 0.01 0.02 0.00 0.00 0.00 0.02 0.01 0.02 0.30 0.03
c10 0.01 0.01 0.01 0.01 0.03 0.01 0.03 0.00 0.02 0.19 0.02 0.01 0.02 0.03 0.03 0.03 0.00 0.01 - 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01
c11 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.18 0.02 0.01 0.01 0.01 0.01 0.00 0.18 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c12 0.00 0.04 0.00 0.00 0.00 0.02 0.01 0.01 0.01 0.02 0.05 0.34 0.17 0.11 0.10 0.07 0.01 0.17 - 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.01
c13 0.01 0.04 0.00 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.03 0.03 0.18 0.02 0.05 0.01 0.01 0.01 - 0.00 0.00 0.00 0.00 0.02 0.03 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.00
c14 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.12 0.39 0.06 0.01 0.08 0.05 - 0.02 0.02 0.00 0.00 0.00 0.00 0.01 0.10 0.00 0.00 0.10 0.01 0.02 0.01 0.04
c15 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.04 0.00 0.38 0.00 0.00 0.00 - 0.00 0.00 0.00 0.09 0.07 0.08 0.01 0.01 0.00 0.00 0.03 0.02 0.00 0.00 0.04
c16 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.01 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.01
c17 0.01 0.05 0.01 0.01 0.00 0.02 0.02 0.02 0.05 0.02 0.06 0.05 0.02 0.01 0.01 0.01 0.33 0.01 - 0.01 0.01 0.01 0.02 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.02
c18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.05 - 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.01 0.02 0.00 0.02 0.01 0.01 0.01
c19 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c20 0.02 0.02 0.05 0.05 0.07 0.02 0.03 0.02 0.03 0.04 0.03 0.02 0.03 0.04 0.04 0.03 0.02 0.02 - 0.04 0.00 0.06 0.01 0.02 0.02 0.02 0.02 0.01 0.00 0.04 0.02 0.02 0.05 0.04
c21 0.00 0.00 0.01 0.01 0.02 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.01 0.01 0.01 0.00 0.01 - 0.00 0.04 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.01
c22 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.01 - 0.01 0.01 0.00 0.01 0.00 0.01 0.01 0.01 0.03 0.00 0.03 0.05 0.03 0.01 0.02
c23 0.01 0.01 0.02 0.01 0.01 0.02 0.02 0.02 0.02 0.02 0.03 0.02 0.02 0.01 0.01 0.01 0.01 0.02 - 0.01 0.01 0.01 0.03 0.00 0.00 0.06 0.00 0.00 0.00 0.01 0.02 0.01 0.01 0.01
c24 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.01 0.01 0.00 0.00 0.06 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.07 0.02 0.00 0.00 0.00 0.01 0.02 0.02 0.00 0.01
c26 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 - 0.01 0.01 0.00 0.05 0.08 0.01 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 - 0.00 0.00 0.01 0.00 0.03 0.01 0.01 0.10 0.02 0.00 0.02 0.04 0.03 0.02 0.01
c28 0.01 0.03 0.01 0.01 0.00 0.01 0.02 0.01 0.02 0.01 0.03 0.03 0.02 0.02 0.01 0.01 0.05 0.03 - 0.04 0.04 0.01 0.07 0.07 0.04 0.06 0.02 0.06 0.06 0.05 0.03 0.04 0.02 0.02
c29 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.05 0.05 0.01 0.00 0.00 0.00 0.01 0.01 0.04 0.02 0.01 0.01 0.01 0.01 0.03
c30 0.01 0.03 0.02 0.01 0.01 0.01 0.02 0.01 0.03 0.02 0.02 0.01 0.03 0.03 0.03 0.02 0.01 0.04 - 0.11 0.11 0.01 0.01 0.02 0.01 0.02 0.03 0.06 0.02 0.08 0.02 0.02 0.00 0.02
c31 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00
c32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.02 0.04 0.01 0.00
c33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.00
c34 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.01 0.01 - 0.01 0.01 0.01 0.02 0.00 0.01 0.05 0.01 0.02 0.00 0.01 0.04 0.03 0.02 0.04
c1 0.11 0.00 0.31 0.08 0.08 0.12 0.05 0.00 0.03 0.02 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.01 - 0.00 0.00 0.09 0.00 0.00 0.00 0.05 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.00
c2 0.00 0.09 0.00 0.00 0.00 0.00 0.01 0.56 0.04 0.01 0.11 0.13 0.01 0.00 0.00 0.01 0.18 0.01 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c3 0.11 0.00 0.25 0.00 0.10 0.00 0.01 0.01 0.03 0.01 0.01 0.01 0.01 0.00 0.00 0.01 0.00 0.00 - 0.00 0.00 0.32 0.00 0.02 0.03 0.02 0.01 0.00 0.00 0.01 0.01 0.03 0.02
5
b. Input-Output Analysis of China’s 34 Industries.
To evaluate the changes in three years, we will use conditional formatting to highlight the
industries with the most changes.
Agriculture, hunting,c1forestry, and fishing
-0.01 0.00 -0.01 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Mining and quarrying c2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.01 -0.01 0.00 0.00 0.00 0.00 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Food, beverages, and c3 tobacco 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.01
Textiles and textile products
c4 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leather, leather products,
c5 and footwear0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Wood and productsc6 of wood and cork 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Pulp, paper, paper products,
c7 printing, and
0.00publishing 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Coke, refined petroleum,
c8 and nuclear fuel
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Chemicals and chemical
c9 products 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.01 0.00
Rubber and plastics c10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other nonmetallic c11
minerals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Basic metals and fabricated
c12 metal 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Machinery, nec c13 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Electrical and optical
c14equipment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Transport equipment c15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Manufacturing, nec; c16
recycling 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Electricity, gas, and
c17
water supply 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Construction c18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Sale, maintenance, c19
and repair of motor0.00
vehicles and motorcycles;
0.00 retail sale of
0.00
fuel 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Wholesale trade and c20commission trade,0.00 except of motor0.00 vehicles and motorcycles
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Retail trade, exceptc21
of motor vehicles and0.00motorcycles; repair
0.00 of household goods 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Hotels and restaurants
c22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.01 0.00 0.00
Inland transport c23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Water transport c24 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Air transport c25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other supporting andc26auxiliary transport0.00
activities; activities
0.00of travel agencies0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Post and telecommunications
c27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial intermediation
c28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Real estate activities
c29 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.01
Renting of M&Eq and c30 other business activities
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.01 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.01 0.00 0.00 0.00 0.00
Public administration
c31and defense; compulsory
0.00 social security
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Education c32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Health and social work
c33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other community, c34social, and personal 0.00
services 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.01
Industry c1 c2 c3 c4 c5 c6 c7 c8 c9 c10 c11 c12 c13 c14 c15 c16 c17 c18 c19 c20 c21 c22 c23 c24 c25 c26 c27 c28 c29 c30 c31 c32 c33 c34
Agriculture, hunting,c1forestry, and fishing
-0.02 0.00 -0.04 -0.02 -0.02 -0.02 -0.01 0.00 -0.01 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.01 0.00 0.00 0.00 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Mining and quarrying c2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Food, beverages, and c3 tobacco 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c4 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c5 and footwear0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Wood and productsc6 of wood and cork 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c7 printing, and
0.00publishing 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c8 and nuclear fuel
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c9 products 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Rubber and plastics c10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
minerals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c12 metal 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Machinery, nec c13 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c14equipment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Transport equipment c15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
recycling 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c17
water supply 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Construction c18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Sale, maintenance,c19 and repair of motor0.00
vehicles and motorcycles;
0.00 retail sale of
0.00
fuel 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Wholesale trade and c20commission trade,0.00 except of motor0.00 vehicles and motorcycles
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
of motor vehicles and0.00motorcycles; repair
0.00 of household goods 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inland transport c23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Water transport c24 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Air transport c25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other supporting andc26auxiliary transport0.00
activities; activities
0.00of travel agencies0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c29 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c31and defense; compulsory
0.00 social security
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Education c32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00
c33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other community, c34social, and personal 0.00
services 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
The figures in the Agriculture (c1) row saw decline in many manufacturing industries: Food (c3);
Textiles (c4); Leather (c5); Wood (c6); Pulp, Paper (c7); Chemicals (c9); Rubber and Plastics
(c10) from 2015 to 2017 (Table 1,2). This indicates that these industries rely less on
Agricultures inputs while being more dependable on their own resources with growing figures
(Appendix 1). As the figures of own-resources consumption decreased, Agriculture saw itself
being more relied on other industries.
Other community services (c34) column saw decline in many industries in 2016, thus proving
that it consumed less resources from others.
6
c. Profit and Profit Margin Analysis of China’s 34-industries.
Profit is the difference between the Total Output to Total Input.
Industry c1 always had the highest profit figures implying that the industry had earned the most
for the economy. In contrast, Sale motorcycles(c19) consistently ranked last.
7
Additionally, from 2015 to 2016, Construction (c6), c4; Public administration (c31), Other
community service(c34), Health (c33) saw a rise in ranking.
Profit Margin is calculated by dividing Profit by Total Output.
In contrast to Profit rankings, c19, which ranked last previously, had the highest profit margin,
meaning it can generate the most out of $1 of output. Next, services-industries, Real estate (c29),
8
Financial Intermediation (c28), were occupied the top ranking unlike in Profit where it is the
division between Agriculture and Manufacture industries. Industry c1, while was the highest
profit generator, only ranked 7th. However, the top ranking industries are less utilizing their
output as input for other industries, resulting in much higher figures. Indeed, the last rankings are
Coke (c8), c5, Metals (c12), whose outputs are primarily consumed in other manufacturing and
transport industries, resulting in the lowest figures while had better performance in Profit and
output. Therefore, though excluding the scale of industries in measuring profitability, Profit
Margin hardly represents industry's performance.
Regarding the changes in 3 years, Paper (c7), Wood (c6)-manufacturing industry and Industry
c34, a service industry saw improvement in profitability with rising rank.
d. Discussion of Findings
Overall, China experienced economic development as both total production, expenditure and
Profit increased.
To evaluate each industry performances, profit growth from 2015 to 2017 of 34-industry is
computed.
9
The top-5-fastest-growth in Profit were service industríes, among which is c34, who driven the
most profit growth. This is reflected above where the industry outranked in profit and profit
margin performance (part c). Next, manufacturing industries are also a contributor because their
growth outpaced the economy, as shown in their ranks mainly in upper-middle. This is further
strengthened when manufacturing also ranked relatively high on Profit (part c) while developing
more dependence on its own resources (part b).
The last rank was shockingly C1, whose Profit was the highest (part c). It is important to point
out that both c1's input and output was decreased in 3 years, but as input decline more than
output, Profit still maintained (Appendix 2). The reduction in its input consumption from
manufacturing industries (part b) might imply the decreasing demand for agriculture, hence,
dragging down the total production.
While agriculture has the highest profit accounts in China economy, manufacturing industries
and some services industries had better-performance, which spurred economy’s development.
This might be because China is shifting from agriculture-base to industrialization. Consequently,
China can be concluded as an industrial country.
10
III. Effects of Economic Shock and Economic Policies
a. Estimation of New Output to satisfy New External Demand in 2016 & 2017
The total output of each industry to satisfy the external demands is calculated based on the
Leontief Input-Output Analysis equation
11
b. New Input-Output Table for 2016 & 2017
The new I-O table will be deduced by multiplying each industry’s newly calculated total output
by its technology matrix’s cell associated-industry-column. We then have:
External
Industry
Total c1 c2 c3 c4 c5 c6 c7 c8 c9 c10 c11 c12 c13 c14 c15 c16 c17 c18 c19 c20 c21 c22 c23 c24 c25 c26 c27 c28 c29 c30 c31 c32 c33 c34 Total Output
Demands
Output 1,585,169.52 1,328,676.27 1,687,741.59 947,441.08 254,304.89 376,353.93 332,456.84 818,758.44 1,646,180.63 508,631.59 855,270.80 2,388,641.96 1,130,291.04 2,673,338.78 1,587,931.52 199,102.39 977,912.06 2,915,143.29 1,035.70 1,357,690.38 281,064.71 494,781.94 583,676.00 136,747.31 111,230.34 162,402.25 361,186.37 1,018,236.05 676,892.50 1,246,473.55 874,231.91 625,476.35 563,369.87 588,595.28
c1 206,339.72 766.32 576,456.72 96,587.87 23,481.47 52,523.53 19,195.29 69.26 68,721.70 14,353.03 393.75 645.59 227.01 74.13 85.56 3,818.66 146.45 29,070.10 - 338.18 122.29 51,303.62 58.41 9.70 13.30 9,911.85 824.14 18.75 89.28 12,139.81 7.02 4,482.14 2,009.75 2,158.13 408,727.00 1,585,169.52
c2 1,234.83 125,926.28 3,745.10 2,380.47 144.17 1,175.11 4,035.27 462,410.57 68,400.35 3,517.01 92,549.73 314,100.54 6,835.40 7,328.06 3,952.44 1,021.74 175,291.99 25,703.08 - 251.59 51.52 179.99 1,541.22 370.56 367.67 381.22 98.08 166.87 68.23 1,452.38 1,054.25 1,146.04 1,980.55 973.95 18,840.00 1,328,676.27
c3 162,668.57 6,508.46 404,827.04 1,173.80 26,123.20 1,596.37 3,150.88 7,307.72 56,647.14 3,571.52 5,542.61 14,688.17 6,409.81 12,450.91 4,315.63 1,202.52 4,918.21 10,976.21 - 5,256.74 1,097.00 153,421.14 2,649.94 2,593.89 2,990.30 3,074.40 3,403.69 2,617.11 1,657.51 13,355.72 13,846.38 20,059.44 12,728.87 22,362.40 692,548.30 1,687,741.59
c4 1,279.40 4,034.85 2,894.62 406,537.73 22,387.92 1,172.07 2,674.54 937.67 14,963.88 18,252.69 8,036.35 9,703.51 5,700.16 6,486.02 13,191.23 9,849.59 1,349.73 15,805.71 - 1,870.05 386.40 4,817.75 1,147.58 43.69 444.53 1,187.89 579.95 3,436.51 916.74 9,391.12 24,959.51 2,031.83 16,149.15 8,452.45 326,368.23 947,441.08
c5 377.65 722.09 640.51 23,400.84 86,498.87 557.19 388.93 208.03 2,453.35 4,414.25 1,481.13 3,493.14 1,250.38 2,165.91 6,233.69 2,976.65 218.44 3,810.98 - 133.44 27.46 490.70 240.00 7.72 89.91 249.35 60.73 405.46 153.50 1,706.09 4,439.52 454.09 2,810.32 580.03 101,164.53 254,304.89
c6 521.23 15,085.61 1,271.45 2,158.43 654.21 150,028.82 6,329.56 618.63 2,899.43 2,336.15 6,107.08 12,389.16 7,650.03 6,023.27 4,296.50 21,696.80 228.23 109,200.07 - 179.15 37.75 325.76 168.99 39.10 12.77 47.68 126.84 153.29 24.90 844.16 240.58 163.84 527.83 1,297.08 22,669.49 376,353.93
c7 610.11 1,340.04 17,064.12 4,171.75 1,478.04 2,866.37 100,114.98 440.90 9,999.95 3,081.84 12,077.95 4,436.07 4,936.97 17,183.64 2,512.92 3,875.07 1,129.40 4,219.43 - 15,298.08 3,164.59 1,139.72 441.12 26.21 69.79 172.62 1,857.50 12,163.99 1,076.66 50,128.24 15,151.61 10,600.90 2,268.64 10,159.61 17,197.99 332,456.84
c8 28,924.29 36,903.09 2,923.09 3,800.79 813.81 2,400.46 2,261.74 73,420.02 147,853.50 10,831.47 37,593.38 103,683.90 6,605.23 10,410.40 5,744.53 1,053.95 41,984.58 45,333.62 - 4,545.09 933.03 1,533.49 55,567.06 18,876.81 17,690.00 17,365.33 1,191.51 2,586.27 649.39 41,521.79 15,291.59 6,189.30 9,677.95 4,862.78 57,735.20 818,758.44
c9 92,119.30 32,109.23 10,626.39 57,218.05 6,765.11 17,776.83 28,685.38 24,746.33 492,640.70 149,234.74 51,059.13 56,826.46 18,741.77 78,125.26 18,049.57 6,650.00 6,828.82 87,445.34 - 811.10 166.14 3,232.61 2,930.63 969.61 873.13 3,184.93 508.29 748.60 305.52 30,385.07 6,431.05 13,007.08 171,395.22 19,609.67 155,973.56 1,646,180.63
c10 9,798.33 7,914.12 20,269.37 9,216.81 7,006.84 3,316.91 9,667.20 2,800.86 39,409.75 96,493.12 13,707.51 13,438.55 26,657.61 80,192.93 47,721.28 5,738.43 1,757.89 41,336.38 - 2,675.25 588.37 1,271.62 5,131.25 57.75 69.57 495.12 137.57 99.84 231.80 2,948.33 468.84 99.29 1,082.41 3,946.27 52,884.38 508,631.59
c11 829.67 7,174.90 6,054.35 852.61 174.70 778.61 724.73 8,202.73 10,327.66 2,869.81 150,778.32 36,276.24 7,107.00 38,683.50 12,749.51 1,179.56 1,737.50 512,631.44 - 166.11 36.04 203.99 304.85 39.19 93.87 383.38 341.58 127.02 51.67 2,310.87 2,588.77 1,691.03 1,030.36 1,417.30 45,351.93 855,270.80
c12 2,330.31 54,174.68 5,167.47 2,465.69 1,112.97 7,882.82 4,299.61 10,385.79 21,626.73 10,712.31 42,717.33 815,173.03 195,969.47 294,064.62 153,311.80 13,494.58 7,402.31 503,103.50 - 785.44 166.06 533.40 1,853.18 569.56 299.92 3,187.32 340.30 725.11 641.01 26,399.61 2,398.21 2,193.21 2,295.05 4,611.54 196,248.01 2,388,641.96
c13 10,040.70 50,331.76 4,657.47 6,556.09 727.03 4,083.39 4,083.96 8,476.13 17,176.64 4,437.22 26,129.82 75,396.87 208,327.72 66,045.32 73,727.66 1,469.31 7,836.03 39,536.07 - 837.78 177.75 355.52 1,556.99 2,267.71 3,487.18 4,731.33 779.35 1,373.28 342.42 3,751.72 881.91 1,176.56 19,901.19 2,147.69 477,483.48 1,130,291.04
c14 1,590.14 17,535.48 1,744.97 1,807.71 339.33 1,178.16 2,439.70 5,177.98 9,956.28 2,729.25 5,941.59 24,627.97 133,777.06 1,038,109.87 92,373.74 2,751.02 77,120.20 145,889.84 - 24,142.07 4,970.90 490.89 1,328.56 498.33 234.05 942.61 35,662.45 1,411.19 895.17 120,225.92 7,664.86 10,315.97 5,011.10 26,460.95 867,993.46 2,673,338.78
c15 3,947.61 7,016.74 702.23 934.34 199.77 503.69 912.35 977.37 3,172.17 1,074.59 7,521.87 14,084.22 40,696.73 10,926.64 599,867.89 568.94 1,132.34 11,658.56 - 5,342.84 1,105.62 837.65 50,076.61 9,491.67 9,300.95 1,089.38 3,587.33 1,446.62 160.04 41,919.61 17,931.90 448.71 2,613.77 25,733.63 710,947.14 1,587,931.52
c16 398.78 1,383.55 855.72 1,262.56 275.60 555.19 5,288.45 447.72 2,005.43 1,010.65 2,454.42 39,913.37 2,338.94 4,039.29 4,443.50 2,915.42 474.93 7,834.73 - 794.67 158.52 434.07 443.79 29.52 44.05 407.05 326.39 4,143.56 792.99 6,422.69 3,697.85 3,140.45 620.77 3,145.02 96,602.78 199,102.39
c17 13,629.01 66,771.69 13,304.76 13,610.68 1,079.99 6,423.11 7,918.26 19,349.16 78,078.35 9,524.40 50,415.48 115,660.02 19,538.04 25,466.80 12,681.01 1,731.72 320,862.35 43,641.78 - 15,699.64 3,248.00 5,412.96 12,343.42 151.95 290.15 1,102.86 4,692.64 3,395.15 2,620.53 5,438.51 7,680.05 5,994.88 5,105.19 9,060.63 75,988.91 977,912.06
c18 257.31 4,509.26 2,685.27 1,374.88 291.54 674.82 896.76 2,414.37 3,156.57 765.60 2,839.13 5,521.34 2,707.49 5,828.47 2,754.98 432.22 6,882.03 133,903.15 - 6,218.16 1,284.43 2,736.55 6,069.84 11.54 300.95 1,638.63 3,094.95 7,933.31 14,596.67 6,119.16 16,314.03 6,507.61 3,120.25 6,336.84 2,654,965.20 2,915,143.29
c19 9.01 19.79 10.81 16.85 4.66 3.40 10.45 14.44 52.31 18.88 21.09 88.96 71.62 324.01 88.00 13.24 19.38 44.77 - 22.41 4.21 2.57 7.25 2.19 2.56 4.38 8.13 40.95 1.51 44.23 24.96 8.89 7.97 21.83 - 1,035.70
c20 24,955.32 20,187.83 87,469.91 47,922.50 18,729.84 7,363.46 10,037.66 16,498.60 50,896.00 21,433.61 23,936.94 41,911.80 39,020.13 106,006.87 71,452.06 5,951.72 15,634.00 72,637.53 - 60,246.21 56.82 31,063.05 8,467.08 2,184.39 2,335.02 3,389.09 5,905.58 9,052.73 1,859.71 45,556.19 20,275.95 10,047.56 28,278.45 20,939.18 425,987.59 1,357,690.38
c21 5,173.33 4,042.04 18,120.69 9,865.22 3,875.96 1,517.40 2,073.38 2,920.06 10,455.64 4,418.21 4,846.19 8,296.33 8,095.19 23,085.82 14,769.47 1,235.92 3,083.50 14,996.58 - 68.55 12,421.69 6,444.04 1,763.00 450.68 482.23 704.72 1,240.83 1,924.81 390.73 9,576.20 4,253.99 2,114.67 5,849.97 4,370.40 88,137.27 281,064.71
c22 2,102.62 5,887.85 7,265.98 2,611.53 355.89 1,250.50 1,813.07 1,012.22 10,105.91 2,015.67 5,866.23 8,174.71 8,725.40 11,806.57 5,054.02 581.75 2,613.55 19,012.58 - 10,256.26 2,109.61 1,047.28 8,406.59 242.38 1,363.05 1,407.55 2,082.88 34,709.49 2,314.60 37,358.02 39,797.54 18,837.90 4,835.86 10,702.49 223,054.40 494,781.94
c23 9,925.00 18,665.32 30,674.64 10,551.85 2,310.57 6,465.50 6,904.08 14,195.17 29,570.29 8,329.24 23,656.76 41,198.16 18,251.86 25,987.05 19,695.07 1,926.17 11,056.28 71,273.37 - 20,050.04 4,143.26 5,411.67 20,075.25 409.53 542.21 9,624.39 1,362.97 3,621.34 664.13 17,955.78 14,055.06 5,578.31 5,886.90 6,469.86 117,188.91 583,676.00
c24 2,440.02 5,469.72 5,976.66 2,265.60 631.30 620.91 804.81 2,521.57 5,398.07 1,284.43 4,112.93 9,940.39 4,544.58 6,362.93 5,930.48 367.95 3,128.66 5,552.22 - 10,390.24 2,143.12 914.63 613.04 8,630.34 99.35 2,763.05 121.13 124.14 113.83 3,729.48 521.82 330.02 540.67 1,013.86 37,345.35 136,747.31
c25 347.07 734.87 893.15 717.00 209.49 211.08 382.37 184.32 2,309.84 552.63 985.02 1,774.77 2,683.33 7,212.01 2,311.62 183.46 551.70 4,543.59 - 4,258.51 862.10 293.06 325.48 62.09 8,228.73 2,612.24 948.38 2,392.41 935.50 10,229.35 15,266.09 10,156.22 1,150.57 3,078.27 23,644.02 111,230.34
c26 4,022.45 3,131.91 8,562.36 3,186.35 586.65 1,528.24 1,689.29 2,487.05 6,161.41 1,557.90 5,483.41 8,771.58 3,855.19 6,774.10 9,564.42 567.13 1,093.12 6,964.36 - 15,931.95 3,302.45 870.56 28,679.54 10,362.15 1,664.84 4,043.83 509.99 234.77 175.05 4,741.25 511.96 375.74 781.40 2,731.39 11,498.46 162,402.25
c27 2,742.31 2,402.41 2,105.82 933.37 466.71 463.84 690.16 346.69 3,010.06 669.93 1,782.93 2,741.56 3,278.64 5,305.26 1,532.15 253.16 2,335.53 45,442.58 - 6,150.94 1,274.88 2,681.32 2,575.41 4,037.66 586.14 1,203.76 34,855.51 22,594.72 2,198.59 18,895.99 38,374.72 16,005.99 11,061.99 4,243.83 117,941.82 361,186.37
c28 17,580.67 39,995.97 16,670.14 9,867.78 1,228.17 4,750.72 7,740.39 11,049.46 31,516.01 7,207.04 21,458.39 69,140.97 21,045.04 51,165.53 18,991.34 1,915.46 50,445.14 85,064.00 - 59,303.69 12,242.56 5,889.14 38,409.72 9,031.21 4,048.84 9,972.28 7,557.23 63,455.99 38,380.70 56,441.58 21,934.72 27,516.74 9,146.38 12,278.35 175,794.72 1,018,236.05
c29 20.69 260.57 391.90 444.78 90.36 156.87 261.66 148.47 313.54 487.53 587.86 891.72 846.90 1,855.48 415.21 157.18 151.63 269.69 - 74,188.26 15,347.89 4,697.82 575.27 28.71 501.75 1,456.38 4,305.71 39,756.59 13,042.72 10,466.10 8,601.77 7,313.96 4,176.14 19,758.67 464,922.72 676,892.50
c30 9,510.68 35,526.84 25,534.22 8,953.62 1,569.40 3,702.08 5,609.35 7,726.68 46,216.63 8,606.63 15,729.65 34,978.76 32,045.33 72,847.49 41,008.70 3,022.97 10,593.84 127,548.07 - 153,145.80 31,689.97 4,915.51 3,191.72 2,856.67 1,306.13 3,350.86 12,536.34 65,947.52 16,473.58 100,194.93 16,853.92 11,416.98 1,660.36 11,165.17 319,037.13 1,246,473.55
c31 1,202.24 993.83 1,057.87 453.30 7.51 387.62 305.58 289.19 1,361.89 433.58 792.74 2,335.99 1,404.54 4,154.36 4,406.16 81.51 450.46 2,461.78 - 1,366.36 282.01 182.45 336.85 20.43 89.39 219.45 1,019.04 2,028.69 1,316.86 12,575.86 12,657.38 2,635.76 998.65 1,809.61 814,112.98 874,231.91
c32 493.20 1,414.65 642.42 320.94 46.66 124.34 226.08 203.10 839.74 195.14 625.79 956.32 933.90 1,127.11 748.31 77.40 367.10 3,503.81 - 2,291.55 472.96 358.52 715.36 48.88 108.99 126.47 546.40 7,534.90 330.59 2,242.43 15,869.59 26,945.67 3,883.63 1,578.06 549,576.35 625,476.35
c33 633.06 979.51 336.08 88.20 268.07 137.40 200.48 1,200.67 488.28 92.47 602.68 1,555.20 1,092.95 1,172.56 865.58 44.79 762.54 1,700.03 - 1,123.43 231.05 135.94 419.08 102.62 14.23 58.28 113.07 577.28 136.66 291.66 5,073.81 892.49 6,688.65 414.46 534,876.62 563,369.87
c34 4,798.43 10,781.74 7,191.42 3,740.31 871.42 1,342.97 3,672.11 3,171.91 12,093.58 2,783.86 7,115.14 15,045.67 9,745.71 14,961.40 12,214.92 641.02 14,076.81 25,995.45 - 18,171.49 3,743.69 4,300.89 10,669.25 670.17 612.59 8,239.85 3,592.81 16,994.19 2,345.86 17,580.35 37,414.26 18,385.59 9,408.94 25,529.65 260,691.86 588,595.28
Total Input 622,853.07 590,702.96 1,288,794.71 737,450.31 210,807.24 285,519.80 245,488.53 692,360.83 1,260,278.78 399,296.40 634,950.33 1,907,861.02 851,117.11 2,043,753.62 1,267,060.94 99,447.01 773,664.67 2,258,110.42 - 522,311.07 108,050.15 297,929.89 269,083.35 75,194.59 58,658.16 98,729.51 134,319.30 313,942.45 105,954.67 724,340.19 392,535.50 248,264.84 354,684.90 279,421.08
12
External
Industry
Total c1 c2 c3 c4 c5 c6 c7 c8 c9 c10 c11 c12 c13 c14 c15 c16 c17 c18 c19 c20 c21 c22 c23 c24 c25 c26 c27 c28 c29 c30 c31 c32 c33 c34 Total Output
Demands
Output 1,852,519.95 1,696,353.45 2,166,593.30 1,215,684.92 326,377.77 483,529.25 426,257.29 1,050,248.70 2,102,339.11 652,559.69 1,097,153.59 3,054,529.58 1,446,600.98 3,429,265.97 2,035,227.89 252,562.17 1,249,689.88 3,623,894.08 1,306.18 1,676,314.75 347,412.77 609,688.52 735,490.37 172,516.18 138,690.59 204,779.24 455,483.71 1,240,564.43 856,633.21 1,604,821.37 1,109,079.42 793,338.00 714,517.17 744,796.24
c1 211,661.53 801.63 663,266.13 103,018.27 25,100.05 55,820.84 20,273.81 72.64 72,010.82 15,039.69 409.68 670.66 229.99 72.92 87.68 3,973.32 149.82 28,217.46 - 340.14 139.97 54,252.36 62.54 10.26 13.77 10,194.39 812.77 21.70 87.13 12,299.35 8.22 4,490.67 2,057.74 2,172.89 564,679.07 1,852,519.95
c2 1,544.15 157,077.32 4,944.25 3,038.74 187.98 1,497.77 5,164.99 589,905.08 88,554.85 4,466.74 116,098.89 394,618.79 8,372.46 9,148.30 4,795.60 1,299.37 219,918.55 29,800.96 - 297.00 61.23 235.30 1,880.14 455.17 453.01 480.34 118.79 194.98 83.95 1,810.99 1,268.69 1,370.31 2,354.82 1,193.75 43,660.17 1,696,353.45
c3 196,692.85 7,803.37 550,862.79 1,479.72 33,044.80 2,005.79 3,891.04 8,997.65 69,646.19 4,363.43 6,634.67 17,644.97 7,547.04 14,786.19 5,025.07 1,465.50 5,937.65 12,512.90 - 5,979.40 1,250.40 192,252.23 3,128.12 3,075.67 3,532.77 3,722.61 3,953.84 2,938.48 1,923.01 15,965.29 16,135.40 23,555.64 15,243.94 26,481.92 897,112.96 2,166,593.30
c4 1,608.61 5,035.69 4,099.16 533,404.29 29,481.50 1,538.42 3,440.22 1,201.07 19,159.40 23,247.21 10,010.41 12,120.08 6,982.89 8,013.28 15,989.32 12,501.82 1,695.89 18,793.76 - 2,212.39 458.34 6,266.72 1,416.37 54.08 546.10 1,498.48 701.55 4,019.97 1,192.30 11,671.71 30,322.13 2,501.80 20,108.73 10,431.67 413,959.56 1,215,684.92
c5 471.77 898.15 895.26 30,560.27 113,895.02 726.70 498.37 264.62 3,134.35 5,594.65 1,842.91 4,365.26 1,527.13 2,679.00 7,535.54 3,783.55 273.34 4,484.38 - 155.94 32.03 620.86 290.54 9.45 110.75 312.34 73.01 470.75 181.88 2,120.91 5,349.14 549.02 3,479.99 708.79 128,482.08 326,377.77
c6 677.31 19,089.19 1,819.34 2,867.59 873.98 199,315.39 8,253.24 804.17 3,769.58 3,015.18 7,716.26 15,717.50 9,506.27 7,565.27 5,281.03 27,975.07 290.71 131,965.65 - 213.29 45.70 426.83 209.47 48.95 15.97 60.67 155.15 177.51 32.46 1,068.00 292.97 200.34 666.33 1,618.76 31,794.13 483,529.25
c7 778.33 1,690.37 24,376.65 5,534.78 1,957.59 3,888.23 130,078.32 568.76 12,934.93 3,972.65 15,177.65 5,601.99 6,117.50 21,398.39 3,082.33 4,967.83 1,431.61 5,139.82 - 18,325.40 3,793.39 1,496.19 549.55 32.85 86.90 220.87 2,272.71 14,361.45 1,338.03 63,024.69 18,613.10 13,170.85 2,866.91 12,673.67 24,732.97 426,257.29
c8 36,552.11 46,229.76 4,153.07 4,997.10 1,073.35 3,184.52 2,930.53 94,479.49 190,144.17 13,834.37 47,022.69 130,090.99 8,118.24 12,917.68 6,986.81 1,346.02 52,917.08 53,887.16 - 5,371.74 1,116.72 2,003.53 68,486.53 23,370.22 21,895.61 21,917.01 1,446.20 3,043.17 807.92 51,847.83 18,574.62 7,565.96 12,073.74 6,009.55 93,853.21 1,050,248.70
c9 116,902.69 40,438.15 15,131.89 75,628.15 8,927.05 23,681.55 37,259.80 31,874.32 636,929.64 191,907.74 64,150.69 71,615.55 23,218.73 96,872.59 22,138.26 8,521.01 8,671.10 105,420.39 - 970.55 201.80 4,187.27 3,662.51 1,214.29 1,088.70 4,060.30 621.52 886.77 391.30 38,147.86 7,921.83 16,162.57 216,919.26 24,441.64 202,171.62 2,102,339.11
c10 12,595.23 10,056.16 29,309.73 12,322.00 9,347.28 4,454.60 12,682.74 3,651.14 51,345.46 125,439.91 17,370.07 17,084.44 33,342.99 100,569.09 58,954.27 7,423.38 2,245.71 50,293.12 - 3,247.36 725.88 1,693.88 6,465.00 72.87 86.68 639.60 170.33 121.05 298.96 3,730.83 580.36 124.21 1,395.99 4,962.71 69,756.65 652,559.69
c11 1,113.81 9,518.55 9,128.68 1,189.59 244.27 1,089.78 989.82 11,160.44 14,053.13 3,886.29 199,838.16 48,274.59 9,266.38 50,824.04 16,436.28 1,590.37 2,301.64 648,605.52 - 209.30 45.79 284.01 406.70 51.50 122.61 514.61 439.44 157.36 74.91 3,055.73 3,340.85 2,202.36 1,372.27 1,859.85 53,504.96 1,097,153.59
c12 3,070.10 70,178.84 7,623.85 3,352.85 1,518.08 10,763.27 5,733.38 13,823.57 28,800.14 14,176.97 55,294.81 1,058,284.12 249,403.19 377,987.36 193,108.38 17,844.48 9,656.02 617,919.09 - 963.25 207.18 720.54 2,355.49 730.51 382.42 4,176.06 426.27 871.73 825.73 34,115.75 3,016.83 2,774.83 2,981.58 5,897.64 255,545.28 3,054,529.58
c13 13,711.53 67,735.00 7,122.95 9,286.89 1,026.93 5,819.70 5,668.06 11,666.23 23,713.44 6,104.28 35,057.42 101,499.90 275,711.02 87,637.97 96,521.22 2,009.78 10,581.66 51,109.61 - 1,073.33 228.74 498.94 2,081.32 3,021.76 4,616.98 6,452.81 1,015.77 1,738.03 451.86 5,026.99 1,157.39 1,558.11 26,959.13 2,859.67 575,876.55 1,446,600.98
c14 2,114.30 22,923.69 2,575.39 2,490.65 465.04 1,622.31 3,288.68 6,896.90 13,364.22 3,647.76 7,754.70 32,266.53 172,277.43 1,343,627.64 117,839.65 3,668.15 101,176.11 183,020.00 - 29,840.92 6,111.80 641.41 1,707.79 645.48 299.78 1,244.56 45,173.66 1,784.31 1,179.61 157,039.86 9,790.59 13,208.43 6,500.53 34,152.44 1,098,925.63 3,429,265.97
c15 5,406.06 9,473.11 1,070.54 1,323.70 284.36 715.88 1,256.96 1,347.64 4,398.84 1,478.50 10,134.27 18,964.95 54,026.91 14,467.91 788,204.22 780.63 1,514.64 15,087.83 - 6,878.98 1,425.29 1,181.53 67,118.43 12,692.75 12,347.80 1,488.77 4,697.11 1,825.41 212.42 56,424.50 23,680.48 583.50 3,544.31 34,448.74 876,740.93 2,035,227.89
c16 438.24 1,630.85 985.24 1,464.58 355.88 688.96 6,376.81 535.81 2,475.46 1,193.32 2,943.94 47,939.59 2,700.62 4,868.21 5,156.35 3,649.06 561.64 8,203.18 - 799.10 148.22 387.58 451.24 33.28 53.38 470.41 365.69 4,449.58 635.13 7,752.93 4,168.13 3,405.57 642.62 3,544.52 133,087.04 252,562.17
c17 17,505.30 85,022.79 19,194.75 18,203.71 1,452.48 8,556.17 10,388.16 25,335.18 102,045.22 12,369.49 64,122.48 147,720.41 24,423.72 32,146.16 15,670.11 2,255.34 411,708.60 52,771.49 - 18,936.80 3,917.04 7,186.59 15,467.83 191.17 364.09 1,417.32 5,788.78 4,036.26 3,230.59 6,904.73 9,492.72 7,461.04 6,478.73 11,387.38 96,537.25 1,249,689.88
c18 363.84 6,315.85 4,246.06 2,025.17 433.25 988.36 1,297.21 3,410.81 4,555.11 1,095.61 3,977.67 7,746.10 3,729.29 8,124.95 3,756.37 618.89 9,723.06 178,102.18 - 8,243.78 1,700.81 3,972.19 8,350.76 15.75 417.57 2,323.10 4,210.51 10,390.69 19,587.93 8,581.23 22,234.77 8,926.50 4,335.24 8,780.45 3,271,313.04 3,623,894.08
c19 14.23 24.79 17.82 23.94 5.02 5.94 13.57 15.87 65.25 25.39 25.22 100.97 93.42 385.29 112.68 15.37 23.29 81.82 - 26.26 4.62 4.34 9.82 2.77 2.90 5.39 10.82 44.32 2.85 55.94 30.12 13.21 14.82 28.10 - 1,306.18
c20 30,672.73 24,515.26 120,602.25 61,326.53 24,030.75 9,409.41 12,579.22 20,233.80 63,437.52 26,617.08 29,033.44 50,814.01 46,646.98 127,272.05 84,371.23 7,368.71 19,043.25 84,345.25 - 69,426.50 75.16 39,391.66 10,148.63 2,628.61 2,793.42 4,163.05 6,968.45 10,296.46 2,212.54 55,245.65 23,959.79 11,978.06 34,337.52 25,160.88 535,208.90 1,676,314.75
c21 6,361.93 4,922.82 24,983.66 12,624.74 4,972.62 1,940.63 2,601.97 3,626.77 13,061.45 5,496.25 5,885.54 10,111.20 9,712.73 27,856.85 17,465.66 1,532.14 3,778.98 17,406.75 - 90.08 14,303.59 8,168.51 2,111.76 542.70 578.06 866.50 1,471.09 2,184.84 459.76 11,646.75 5,027.38 2,527.25 7,094.60 5,263.02 110,734.20 347,412.77
c22 2,651.29 7,492.90 10,196.16 3,457.38 481.52 1,643.04 2,373.75 1,324.45 13,263.80 2,607.68 7,480.66 10,458.86 10,902.10 15,020.70 6,255.60 753.41 3,353.25 22,583.77 - 12,138.92 2,474.17 1,324.06 10,270.71 302.53 1,726.98 1,798.35 2,556.17 40,933.15 2,693.12 47,593.16 48,917.65 23,151.10 5,914.69 13,358.94 272,234.49 609,688.52
c23 12,607.52 23,456.99 43,651.68 13,930.87 3,056.56 8,525.16 8,938.43 18,036.80 38,139.29 10,679.62 29,683.91 51,821.45 22,523.33 32,282.87 24,031.70 2,463.77 13,929.32 85,272.95 - 23,858.69 4,940.74 7,082.42 24,829.03 509.56 670.15 12,211.71 1,659.58 4,259.19 830.31 22,490.52 17,167.91 6,878.49 7,384.85 8,032.40 149,652.61 735,490.37
c24 3,129.17 6,923.54 8,612.02 3,030.45 840.64 844.87 1,054.97 3,269.21 7,010.32 1,666.60 5,193.97 12,603.37 5,671.02 7,934.45 7,307.35 475.69 3,982.00 6,806.17 - 12,499.93 2,570.13 1,203.17 765.36 10,815.64 127.71 3,534.21 151.97 152.29 146.18 4,708.78 652.15 416.20 685.65 1,270.33 46,460.66 172,516.18
c25 446.13 923.35 1,255.51 953.17 266.67 302.56 498.50 229.02 2,976.41 714.30 1,227.24 2,200.83 3,349.65 8,715.64 2,870.62 232.07 683.57 5,699.50 - 5,096.18 1,009.17 358.44 402.42 81.44 10,323.37 3,345.59 1,159.57 2,930.39 1,163.26 12,786.08 19,310.21 13,009.74 1,412.39 3,870.79 28,886.79 138,690.59
c26 5,099.93 3,932.39 12,192.20 4,204.41 776.91 2,013.21 2,186.03 3,193.12 7,936.28 1,996.14 6,874.10 11,033.40 4,753.29 8,417.71 11,655.73 725.38 1,377.93 8,331.87 - 18,953.75 3,929.93 1,141.88 35,450.14 12,876.52 2,057.57 5,132.75 620.69 279.93 219.00 5,934.75 627.64 464.83 980.05 3,386.46 16,023.32 204,779.24
c27 3,604.40 3,124.63 3,109.62 1,276.45 639.48 634.10 925.20 460.23 4,015.27 889.47 2,314.27 3,568.98 4,188.93 6,818.58 1,935.28 334.26 3,058.23 56,326.67 - 7,587.39 1,574.67 3,640.96 3,302.89 5,198.79 750.46 1,582.26 43,951.60 27,468.63 2,795.35 24,510.71 48,533.21 20,400.95 14,365.75 5,455.53 147,140.49 455,483.71
c28 22,045.96 49,762.13 23,525.58 12,939.97 1,612.51 6,200.39 9,931.15 14,135.69 40,257.66 9,160.44 26,670.27 86,273.37 25,724.23 63,107.38 22,945.20 2,433.71 63,239.84 100,434.63 - 69,746.17 14,415.75 7,646.85 46,911.33 11,128.84 4,971.67 12,493.07 9,106.63 73,598.65 46,331.71 70,065.58 26,494.94 33,476.21 11,327.54 15,070.67 207,378.71 1,240,564.43
c29 27.98 349.30 595.78 626.93 128.05 220.08 361.75 204.57 431.16 667.27 787.72 1,199.37 1,115.53 2,466.94 540.49 215.10 204.83 340.65 - 94,285.60 19,505.38 6,574.59 759.59 38.03 663.49 1,972.76 5,597.64 49,762.62 16,939.80 14,006.78 11,204.66 9,593.23 5,585.84 26,169.72 583,489.99 856,633.21
c30 13,116.10 48,284.31 39,450.84 12,807.00 2,239.58 5,302.56 7,855.25 10,639.02 64,421.08 11,951.67 21,314.11 47,588.23 42,834.47 97,913.24 54,233.46 4,171.00 14,463.89 165,467.96 - 198,004.25 40,941.14 7,037.21 4,330.15 3,837.05 1,734.06 4,622.58 16,498.36 84,229.85 22,114.25 135,798.83 22,341.84 15,278.50 2,270.66 15,006.80 366,722.08 1,604,821.37
c31 1,986.82 1,627.38 1,964.53 785.27 8.95 614.09 511.62 418.35 2,303.50 725.67 1,304.82 3,852.65 2,296.28 6,883.30 7,150.97 134.60 694.11 3,826.21 - 2,126.44 436.59 304.73 539.66 32.54 147.36 365.82 1,646.73 3,121.11 2,101.62 20,986.91 20,509.85 4,278.91 1,625.85 2,968.29 1,010,797.91 1,109,079.42
c32 733.06 2,092.11 1,066.35 497.85 72.93 191.37 344.50 308.17 1,272.10 293.77 924.98 1,412.11 1,351.69 1,632.70 1,071.72 116.80 546.58 4,906.70 - 3,200.11 661.33 545.87 1,033.54 71.33 159.74 188.55 783.34 10,397.45 468.40 3,308.68 22,803.33 38,935.44 5,679.17 2,303.78 683,962.45 793,338.00
c33 906.34 1,395.98 537.66 131.58 405.10 202.50 292.73 1,760.34 714.88 134.20 859.12 2,216.48 1,526.90 1,660.38 1,197.07 64.97 1,095.60 2,272.27 - 1,503.14 310.74 198.70 577.98 144.97 20.11 83.72 155.77 762.69 189.52 411.55 6,977.76 1,232.65 9,220.75 579.55 674,773.45 714,517.17
c34 6,354.62 14,139.96 10,602.64 5,141.57 1,201.84 1,835.68 4,953.17 4,258.67 16,249.95 3,728.13 9,330.44 19,780.31 12,557.80 19,500.69 15,578.81 852.19 18,472.03 32,213.28 - 22,476.70 4,680.65 5,705.23 13,724.91 867.74 794.06 10,917.25 4,567.21 20,553.56 2,887.56 23,039.18 47,602.03 23,584.81 12,196.15 33,020.65 321,426.77 744,796.24
Total Input 732,965.99 754,886.31 1,653,170.03 945,946.15 270,408.03 366,243.82 314,893.97 888,109.59 1,616,590.88 512,187.47 814,467.16 2,447,262.02 1,091,750.17 2,621,575.73 1,625,292.06 127,562.78 988,701.53 2,791,650.95 - 645,078.78 133,444.09 368,636.60 339,258.27 94,805.08 73,956.00 124,477.83 169,348.71 382,464.35 134,090.33 933,179.04 498,108.70 315,031.28 450,078.14 354,571.96
c. Impacts of global economic shock and economic stimulation policies to the changes of
input-output and total profit(loss)
In this part, we will analyze the impact by comparing the changes input-output and total profit in
original 2015 – 2016 to the changes in 2015 – 2016 after the economic shock. Likewise, the
same method will be used when evaluating the impact of economic policies from 2016 – 2017.
Overall, Global economic shock in 2016 leads to a downward trend in the changes of input-
output and total profit of the industries.
Total output change Total input change Total Profit change
2015 to 2016 with
2015 to 2016 with 2015 to 2016 with Original 2015 to
Original 2015 to 2016 (%) Changes (%) Original 2015 to 2016 (%) Changes (%) Economic Shock Changes (%)
Industry Economic Shock (%) Economic Shock (%) 2016 (%)
(%)
Agriculture, hunting,c1forestry, and fishing -2.52% -12.27% -9.75% -4.01% -13.61% -9.60% -1.53% -11.38% -9.85%
Mining and quarrying c2 -1.61% -11.45% -9.84% -1.44% -11.30% -9.86% -1.74% -11.57% -9.83%
Food, beverages, and c3 tobacco 1.56% -8.60% -10.16% 1.58% -8.58% -10.16% 1.51% -8.65% -10.15%
c4 1.61% -8.56% -10.16% 1.66% -8.51% -10.17% 1.42% -8.73% -10.14%
c5 and footwear 3.72% -6.65% -10.37% 4.51% -5.94% -10.45% 0.07% -9.93% -10.01%
Wood and productsc6 of wood and cork 1.58% -8.57% -10.16% 1.97% -8.23% -10.20% 0.40% -9.64% -10.04%
c7 printing, and publishing
1.51% -8.64% -10.15% 1.95% -8.24% -10.20% 0.28% -9.75% -10.03%
c8 and nuclear fuel 1.44% -8.70% -10.14% 3.45% -6.90% -10.34% -8.29% -17.46% -9.17%
c9 products 1.41% -8.73% -10.14% 2.04% -8.17% -10.20% -0.61% -10.55% -9.94%
Rubber and plastics c10 1.77% -8.40% -10.18% 2.02% -8.18% -10.20% 0.88% -9.21% -10.09%
minerals 3.99% -6.41% -10.40% 5.09% -5.42% -10.51% 0.94% -9.16% -10.09%
c12 metal 2.06% -8.15% -10.21% 2.89% -7.40% -10.29% -1.11% -11.00% -9.89%
Machinery, nec c13 1.49% -8.66% -10.15% 1.51% -8.64% -10.15% 1.40% -8.74% -10.14%
c14equipment 1.03% -9.08% -10.10% 2.54% -7.72% -10.25% -3.58% -13.22% -9.64%
Transport equipment c15 4.50% -5.95% -10.45% 5.33% -5.20% -10.53% 1.35% -8.78% -10.14%
recycling 0.60% -9.46% -10.06% 1.30% -8.83% -10.13% -0.07% -10.07% -9.99%
c17
water supply 1.46% -8.69% -10.15% 2.34% -7.89% -10.23% -1.76% -11.59% -9.82%
Construction c18 5.32% -5.21% -10.53% 6.60% -4.06% -10.66% 1.16% -8.95% -10.12%
Sale, maintenance,c19 and repair of motor vehicles5.84%
and motorcycles; retail sale
-4.74%
of fuel -10.58% 0.00% 0.00% 0.00% 5.84% -4.74% -10.58%
Wholesale trade and c20commission trade, except0.92%of motor vehicles and motorcycles
-9.17% -10.09% -0.82% -10.74% -9.92% 2.04% -8.16% -10.20%
of motor vehicles and motorcycles;
0.96% repair of household -9.14%
goods -10.10% -0.82% -10.74% -9.92% 2.10% -8.11% -10.21%
c22 -6.00% -15.40% -9.40% -6.84% -16.15% -9.32% -4.70% -14.23% -9.53%
Inland transport c23 -0.57% -10.51% -9.94% -2.18% -11.96% -9.78% 0.86% -9.23% -10.09%
Water transport c24 -3.59% -13.23% -9.64% -6.49% -15.84% -9.35% 0.21% -9.81% -10.02%
Air transport c25 -1.30% -11.17% -9.87% -0.36% -10.32% -9.96% -2.33% -12.10% -9.77%
Other supporting andc26auxiliary transport activities;
-1.34%activities of travel agencies
-11.21% -9.87% -2.60% -12.34% -9.74% 0.67% -9.39% -10.07%
c27 2.75% -7.52% -10.28% 2.80% -7.48% -10.28% 2.72% -7.55% -10.27%
c28 0.15% -9.86% -10.02% 0.13% -9.88% -10.01% 0.16% -9.86% -10.02%
c29 -2.18% -11.96% -9.78% -7.79% -17.01% -9.22% -1.06% -10.95% -9.89%
Renting of M&Eq and c30 other business activities-5.38% -14.84% -9.46% -7.37% -16.63% -9.26% -2.48% -12.23% -9.75%
c31and defense; compulsory 11.44%
social security 0.30% -11.14% 11.47% 0.33% -11.15% 11.41% 0.27% -11.14%
Education c32 0.40% -9.64% -10.04% -9.04% -18.14% -9.10% 7.77% -3.00% -10.78%
c33 0.54% -9.52% -10.05% -3.31% -12.98% -9.67% 7.83% -2.95% -10.78%
Other community, c34social, and personal services 0.55% -9.50% -10.06% -11.03% -19.93% -8.90% 13.96% 2.56% -11.40%
13
As shown in the table above, the change in the total input, output and profit from 2015 to 2016
decrease around 8 to 11%. To be more specific, regarding input changes, Construction (c18) and
Public administration and defence; compulsory social security (c31) suffered the most. The
figures decreased from 6,60% to -4,06% and 11,47% to 0,33%, respectively.
Besides, considering changes in total output and profit, Public administration industry also
decreased most significantly from 11,44% to 0,30% in output and 11,41% to 0,27% in profit.
In general, with Economic policies implementation, the industries' changes of input-output and
total profit witnessed a slight increase in 2017.
Total output change Total input change Total Profit change
2016 to 2017 with Policies 2016 to 2017 with Policies Original 2016 to 2016 to 2017 with
Original 2016 to 2017 (%) Changes (%) Original 2016 to 2017 (%) Changes (%) Changes (%)
Industry (%) (%) 2017 (%) Policies (%)
Agriculture, hunting,c1forestry, and fishing 2.12% 5.18% 3.06% 2.83% 5.91% 3.08% 1.66% 4.71% 3.05%
Mining and quarrying c2 11.56% 14.91% 3.35% 11.67% 15.02% 3.35% 11.47% 14.82% 3.34%
Food, beverages, and c3 tobacco 12.17% 15.54% 3.37% 12.08% 15.45% 3.36% 12.45% 15.83% 3.37%
c4 12.12% 15.48% 3.36% 12.08% 15.45% 3.36% 12.24% 15.61% 3.37%
c5 and footwear 12.14% 15.51% 3.36% 12.08% 15.45% 3.36% 12.43% 15.81% 3.37%
Wood and productsc6 of wood and cork 12.26% 15.63% 3.37% 12.08% 15.45% 3.36% 12.82% 16.21% 3.38%
c7 printing, and publishing
12.03% 15.39% 3.36% 12.08% 15.45% 3.36% 11.89% 15.25% 3.36%
c8 and nuclear fuel 12.08% 15.45% 3.36% 12.08% 15.45% 3.36% 12.09% 15.45% 3.36%
c9 products 11.59% 14.94% 3.35% 12.08% 15.45% 3.36% 9.99% 13.29% 3.30%
Rubber and plastics c10 12.10% 15.47% 3.36% 12.08% 15.45% 3.36% 12.18% 15.55% 3.37%
minerals 12.09% 15.45% 3.36% 12.08% 15.45% 3.36% 12.11% 15.48% 3.36%
c12 metal 11.74% 15.09% 3.35% 12.08% 15.45% 3.36% 10.37% 13.68% 3.31%
Machinery, nec c13 11.83% 15.19% 3.35% 12.08% 15.45% 3.36% 11.06% 14.40% 3.33%
c14equipment 12.09% 15.45% 3.36% 12.08% 15.45% 3.36% 12.10% 15.46% 3.36%
Transport equipment c15 11.99% 15.35% 3.36% 12.08% 15.45% 3.36% 11.63% 14.98% 3.35%
recycling 10.84% 14.17% 3.33% 12.08% 15.44% 3.36% 9.60% 12.89% 3.29%
c17
water supply 11.66% 15.01% 3.35% 11.67% 15.02% 3.35% 11.65% 15.00% 3.35%
Construction c18 8.62% 11.88% 3.26% 8.02% 11.26% 3.24% 10.68% 14.00% 3.32%
Sale, maintenance,c19 and repair of motor vehicles
10.20%
and motorcycles; retail sale
13.50%
of fuel 3.31% 0.00% 0.00% 0.00% 10.20% 13.50% 3.31%
Wholesale trade and c20commission trade, except7.88%of motor vehicles and motorcycles
11.12% 3.24% 7.92% 11.15% 3.24% 7.86% 11.10% 3.24%
of motor vehicles and motorcycles;
8.01% repair of household 11.25%
goods 3.24% 7.91% 11.15% 3.24% 8.06% 11.30% 3.24%
c22 7.67% 10.90% 3.23% 8.12% 11.36% 3.24% 7.00% 10.21% 3.21%
Inland transport c23 10.11% 13.41% 3.30% 10.17% 13.47% 3.30% 10.05% 13.36% 3.30%
Water transport c24 10.23% 13.54% 3.31% 10.17% 13.47% 3.31% 10.32% 13.63% 3.31%
Air transport c25 8.95% 12.22% 3.27% 10.17% 13.47% 3.31% 7.59% 10.82% 3.23%
Other supporting andc26auxiliary transport activities;
10.18% activities of travel agencies
13.48% 3.31% 10.17% 13.47% 3.31% 10.20% 13.50% 3.31%
c27 10.19% 13.50% 3.31% 10.17% 13.47% 3.30% 10.21% 13.51% 3.31%
c28 6.46% 9.65% 3.19% 6.45% 9.64% 3.19% 6.46% 9.65% 3.19%
c29 10.58% 13.90% 3.32% 10.58% 13.90% 3.32% 10.58% 13.90% 3.32%
12.50% 15.87% 3.37% 12.57% 15.95% 3.38% 12.40% 15.77% 3.37%
c31and defense; compulsory 10.85%
social security 14.18% 3.33% 10.88% 14.21% 3.33% 10.83% 14.15% 3.32%
Education c32 10.83% 14.15% 3.32% 10.88% 14.20% 3.33% 10.80% 14.12% 3.32%
c33 10.82% 14.15% 3.32% 10.88% 14.21% 3.33% 10.72% 14.05% 3.32%
Other community, c34social, and personal services
10.57% 13.88% 3.32% 10.88% 14.21% 3.33% 10.28% 13.59% 3.31%
As presented in the table above, the total input, output, and profit changes from 2016 to 2017
increase around 3% due to the economic policies. Firstly, Renting (c30) is the industry gain the
most in the changes of input-output in 2017. In precise, it is increased from 12,57% to 15,95%
and 12,50% to 15,87%, correspondingly. Moreover, Wood (c6) industry hit the biggest changes
from 12,82% to 16,21% in the total profit in 2017.
14
d. Most affected Industries during Economic Shock and Economic Stimulation Policies.
The table below presented the changes in the total profit between 2015 – 2016 and 2016 – 2017.
Total Profit change

Industry Original 2015 to 2016 (%) 2015 to 2016 with Economic Shock (%) Changes (%)
Other community, social, and personal services c34 13.96% 2.56% -11.40%
Public administration and defense; compulsory social security c31 11.41% 0.27% -11.14%
Health and social work c33 7.83% -2.95% -10.78%
Education c32 7.77% -3.00% -10.78%
Sale, maintenance, and repair of motor vehicles and motorcycles; retail sale of fuel c19 5.84% -4.74% -10.58%
Post and telecommunications c27 2.72% -7.55% -10.27%
Retail trade, except of motor vehicles and motorcycles; repair of household goods c21 2.10% -8.11% -10.21%
Wholesale trade and commission trade, except of motor vehicles and motorcycles c20 2.04% -8.16% -10.20%
Food, beverages, and tobacco c3 1.51% -8.65% -10.15%
Textiles and textile products c4 1.42% -8.73% -10.14%
Machinery, nec c13 1.40% -8.74% -10.14%
Transport equipment c15 1.35% -8.78% -10.14%
Construction c18 1.16% -8.95% -10.12%
Other nonmetallic minerals c11 0.94% -9.16% -10.09%
Rubber and plastics c10 0.88% -9.21% -10.09%
Inland transport c23 0.86% -9.23% -10.09%
Other supporting and auxiliary transport activities; activities of travel agencies c26 0.67% -9.39% -10.07%
Wood and products of wood and cork c6 0.40% -9.64% -10.04%
Pulp, paper, paper products, printing, and publishing c7 0.28% -9.75% -10.03%
Water transport c24 0.21% -9.81% -10.02%
Financial intermediation c28 0.16% -9.86% -10.02%
Leather, leather products, and footwear c5 0.07% -9.93% -10.01%
Manufacturing, nec; recycling c16 -0.07% -10.07% -9.99%
Chemicals and chemical products c9 -0.61% -10.55% -9.94%
Real estate activities c29 -1.06% -10.95% -9.89%
Basic metals and fabricated metal c12 -1.11% -11.00% -9.89%
Agriculture, hunting, forestry, and fishing c1 -1.53% -11.38% -9.85%
Mining and quarrying c2 -1.74% -11.57% -9.83%
Electricity, gas, and water supply c17 -1.76% -11.59% -9.82%
Air transport c25 -2.33% -12.10% -9.77%
Renting of M&Eq and other business activities c30 -2.48% -12.23% -9.75%
Electrical and optical equipment c14 -3.58% -13.22% -9.64%
Hotels and restaurants c22 -4.70% -14.23% -9.53%
Coke, refined petroleum, and nuclear fuel c8 -8.29% -17.46% -9.17%
During 2016, the table data clearly shows that Other community, social, and personal services
industry (c34) was the most vulnerable to the economic shock with a substantial decrease of
11,40%.
15
Total Profit change
Industry Original 2016 to 2017 (%) 2016 to 2017 with Policies (%) Changes (%)
Wood and products of wood and cork c6 12.82% 16.21% 3.38%
Food, beverages, and tobacco c3 12.45% 15.83% 3.37%
Leather, leather products, and footwear c5 12.43% 15.81% 3.37%
Renting of M&Eq and other business activities c30 12.40% 15.77% 3.37%
Textiles and textile products c4 12.24% 15.61% 3.37%
Rubber and plastics c10 12.18% 15.55% 3.37%
Other nonmetallic minerals c11 12.11% 15.48% 3.36%
Electrical and optical equipment c14 12.10% 15.46% 3.36%
Coke, refined petroleum, and nuclear fuel c8 12.09% 15.45% 3.36%
Pulp, paper, paper products, printing, and publishing c7 11.89% 15.25% 3.36%
Electricity, gas, and water supply c17 11.65% 15.00% 3.35%
Transport equipment c15 11.63% 14.98% 3.35%
Mining and quarrying c2 11.47% 14.82% 3.34%
Machinery, nec c13 11.06% 14.40% 3.33%
Public administration and defense; compulsory social security c31 10.83% 14.15% 3.32%
Education c32 10.80% 14.12% 3.32%
Health and social work c33 10.72% 14.05% 3.32%
Construction c18 10.68% 14.00% 3.32%
Real estate activities c29 10.58% 13.90% 3.32%
Basic metals and fabricated metal c12 10.37% 13.68% 3.31%
Water transport c24 10.32% 13.63% 3.31%
Other community, social, and personal services c34 10.28% 13.59% 3.31%
Post and telecommunications c27 10.21% 13.51% 3.31%
Sale, maintenance, and repair of motor vehicles and motorcycles; retail sale of fuel c19 10.20% 13.50% 3.31%
Other supporting and auxiliary transport activities; activities of travel agencies c26 10.20% 13.50% 3.31%
Inland transport c23 10.05% 13.36% 3.30%
Chemicals and chemical products c9 9.99% 13.29% 3.30%
Manufacturing, nec; recycling c16 9.60% 12.89% 3.29%
Retail trade, except of motor vehicles and motorcycles; repair of household goods c21 8.06% 11.30% 3.24%
Wholesale trade and commission trade, except of motor vehicles and motorcycles c20 7.86% 11.10% 3.24%
Air transport c25 7.59% 10.82% 3.23%
Hotels and restaurants c22 7.00% 10.21% 3.21%
Financial intermediation c28 6.46% 9.65% 3.19%
Agriculture, hunting, forestry, and fishing c1 1.66% 4.71% 3.05%
Due to the country government implementing some economic stimulation policies, it is clear
from the data that Wood and products of wood and cork industry got the most benefit with an
increase of 3,38% in 2017.
16
IV. Conclusion
In conclusion, this report provided detailed analysis of China’s inter-industry dependencies and
effects of economic crisis on the national output.
Regarding part 1, Input-Output Table (IOT)’s function is demonstrated. Specifically, IOT is used
for interdependence between industries analysis, indicating one industry's outputs are important
inputs for others. IOT presents the impacts and relationships between sectors and economic
projections through its revelation of the demand and supply of economic-equilibrium. Also, IOT
is effective in monitoring supply chain’s involved activities, thereby supporting investigation of
economy environmental impacts to ensure sustainable development.
In part 2, after evaluating the total profit value and profit margin of 34-industry, it is conclusive
that the fastest profit growth belongs to Other community service (c34). However, it should be
noted that this industry is less reliant on domestic resources as its input coefficient decreased in
many industries. Additionally, Manufacturing Industries witnessed considerable growth.
Meanwhile, the lowest is Agriculture (c1) despite the highest profit. This industry suffered from
less consumption of its input, thus lead to production decrease. Indeed, China has transformed
from an agricultural dominant economy to an industry giant. For agriculture industry, China is
recommended to invest in advanced technology to promote higher labor productivity, and in
overall management to ensure the size of the high-skilled labor force. Labors and technology are
two key factors in the agriculture industry, which can better production performance. Also,
China should turn their focus more on the service sectors because of its potential global growth
by implementing more effective policies related to the industry (CFI n.d.) (Appendix 6).
Part 3 shows that Economic shocks created a downward trend in total input, output and profit
while effective economic policies drove up China's performance. This indicated that changes in
External Demands always affects industries to certain degrees. Other services industry (c34) is
the most vulnerable during the shock whereas Wood industry (c6) benefits most from stimulation
policies. Firms within the Other service (c34), which is most vulnerable by external demand, it’s
recommended to have detailed risk management procedures and review them frequently as it can
gauge the weights of external risks, thus preparing to react in times of downturn. Government is
suggested implementing the financial support for most firms. Firstly, it will support employment
retention and maintenance of industrial connections (Haraguchi 2020). Moreover, this policy
17
eases the financial burden and maintains liquidity for firms even in the normal state to supports
them well-operates their business and face fewer challenges even in the economic shock.
Additionally, government can also aid this service industry by cutting its dependence on external
force with the expansion of domestic market (Appendix 7).
18
Part B: Matrix Encryption
I. Design an Encryption process
Assigned A as 1, B as 2, C as 3 and continued.
Given the encoding matrix of positive integers:
Message 1. ATTACK DELAWARE ON WEDNESDAY
We multiply matrix M with matrix A to encoded the responding message.
Therefore, the encoded message in rows is:
66, 235, 168, 197, 145, 37, 120, 73, 125, 48, 89, 274, 145, 210, 75, 67, 182, 140, 174, 123, 56,
183, 106, 199, 107, 31, 171, 96, 189, 131.
19
This resulted in message 1: ATTACK DELAWARE ON WEDNESDAY
Message 2. ATTACK NEWYORK NEXT SATURDAY
We multiply matrix M by matrix B to encode the responding message.

66, 235, 168, 197, 145, 58, 191, 114, 217, 109, 95, 371, 240, 319, 156, 88, 385, 173, 380, 164,
101, 387, 180, 403, 160, 31, 171, 96, 189, 131.
This resulted in message 2: ATTACK NEWYORK NEXT SATURDAY

20
Message 3. ATTACK NEWYORK NEXT THURSDAY
66, 235, 168, 197, 145, 58, 191, 114, 217, 109, 95, 371, 240, 319, 156, 88, 385, 173, 380, 164,
112, 409, 220, 405, 178, 31, 171, 96, 189, 131.
This resulted in message 3: ATTACK NEWYORK NEXT THURSDAY
II. Reflection
The process of encoding messages provides us fundamental reflection of matrix applied

cryptography. By assigning the letters to numbers freely, which our group began at 1, we can add
confusion in the original message to avoid hackers. Additionally, the larger size encoding matrix
of 5x5 and the messages also provides more possibilities compared to 2x2 matrix. Afterwards,
21
the coded messages were unrecognizable and cannot be assigned into meaningful letters using
the pre-coding allocation.
But, because only depended on encoding matrix (keys) and matrix multiplication, messages
exposure might still happen. With computer development, thousands keys can be tried out in
seconds, making this method vulnerable to online hackers (Pugliano & Sehestedt 2017).
However, matrix encryption was the basis for later encryptions like Advanced Encryption
Methods (AES) (Upadhyay 2021). High-degree matrix multiplication in combination of
diffusion methods such as SubstituteBytes Transformation, ShiftRows-Transformation and large
key size allow AES –256 to be impossible to break using current computer power (Guy-Cedric
& Suchithra 2018). For that, AES is a notable example of integrating matrix in online data
management for Google or Facebook, where users’-information-exposure remains a pressing
concern. In application, whenever senders and recipients communicate, they share a unique key
to decipher messages, which is even inaccessible by the main serve (Google Cloud 2020).
Furthermore, another key is used to encrypt the key to the protected data, creating double-layer
protection, which ensures online data leakage's risk is at the lowest.
Part C: References
Albino, V & Kuhtz, S 2004, ‘Enterprise input–output model for local sustainable development—
the case of a tiles manufacturer in Italy’, Resources, Conservation and Recycling, pp. 165-176,
viewed 21 April 2021.
22
Anas, R & Tamin, O & Wibowo, S 2015, ‘Applying Input-output Model to Estimate the Broader
Economic Benefits of Cipularang Toll Road Investment to Bandung District’, Procedia
Engineering, pp 489-497, viewed 20 April 2021.
Callen, T 2020, ‘Gross Domestic Product: An Economy’s All’, International Monetary Fund,
viewed 21 April 2021, <https://www.imf.org/external/pubs/ft/fandd/basics/gdp.htm>.
CFI n.d., ‘Service Sector’, Corporate Finance Institute, viewed 24 April 2021,
<https://corporatefinanceinstitute.com/resources/knowledge/economics/service-sector/>.
Chakraborty, D 2014, ‘Book Review: Donghyun Park and Marcus Noland (Eds), Developing the
Service Sector: As an Engine of Growth for Asia.’, Foreign Trade Review, vol. 49, no. 2, pp.
213–18.
Chand, S n.d, ‘Input-Output Accounting: Limitation and Importance’, Your Article Library, viewed 23 April
2021, <https://www.yourarticlelibrary.com/microeconomics/national-income-microeconomics/input-
output-accounting-limitation-and-importance/30799>.
Google Cloud 2020. ‘Encryption at rest in Google Cloud’, Google Cloud, viewed 24 April 2021,
<https://cloud.google.com/security/encryption-at-rest/default-encryption#:~:text=Google
%20uses%20the%20Advanced%20Encryption,to%202015%20that%20use%20AES128>.
Gretton, P 2013, ‘On input-output tables: uses and abuses’, Productivity Commission Staff
Research Note, viewed 20 April 2021, <https://www.pc.gov.au/research/supporting/input-output-
tables/input-output-tables.pdf>.
Guy-Cedric, T & Suchithra, R 2018, 'A Comparative Study on AES 128 BIT AND AES 256 BIT
', International Journal of Scientific Research in Computer Science and Engineering, vol. 6, no.
4, pp. 30-33.
Haraguchi, N 2020, ‘How to minimize the negative impact on industry’, Industrial Analytics
Platforms, 14 April, viewed 24 April 2021, < https://iap.unido.org/articles/how-minimize-
negative-impact-industry>.
Investopia Staff 2020, ‘Service Sector’, Investopia, 10 March, viewed 24 April 2021,
<https://www.investopedia.com/terms/s/service-sector.asp>.
Kurz, H & Lager, C 2000, ‘Introduction: Input-Output Analysis and Classical Economic
Theory’, Economic Systems Research, viewed 20 April 2021.
23
Manfred, L 2003, ‘Environmentally important paths, linkages and key sectors in the Australian
economy’, Structural Change and Economic Dynamics, pp1–34, viewed 21 April 2021.
Mathur, N & Bansode R 2016, 'AES Based Text Encryption Using 12 Rounds with Dynamic
Key Selection', Procedia Computer Science, vol. 79, pp. 1036-1043.
Miernyk, W 2020, ‘The Elements of Input-Output Analysis’, WVU Research Repository, viewed

20 April 2021, <https://researchrepository.wvu.edu/cgi/viewcontent.cgi?
article=1005&context=rri-web-book>.
Miller, R & Blair, P 2009, ‘Input-Output Analysis Foundation and Extensions’, Cambridge
University Press, pp. 35-36, viewed 20 April 2021.
OECD 2005, Enhancing the Performance of the Services Sector. Organization for Economic
Cooperation & Development, viewed 24 April 2021, OECD database.
Pugliano, J & Sehestedt, B 2017, ‘Cryptography: Matrices and Encryption’, Linear Algebra -
Spring 2017, The University of Utah.
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Extensions and Applications’, Handbook of National Accounting, viewed 21 April 2021,
<https://ec.europa.eu/eurostat/documents/51957/51999/Handbook+on+Supply
%2C+Use+and+Input-Output+Tables+with+Extensions+and+Applications/f27c451a-86ca-45f6-
97a5-5b25dd5933dd>.
Upadhyay, I 2021, 'Hill Cipher: A Comprehensive Guide', Jigsaw Academy, viewed 24 April
2021, <https://www.jigsawacademy.com/blogs/cyber-security/hill-cipher/?
fbclid=IwAR2CuVF_NaUyXg7KfGS5FVDuom6Oe6VMLkI1oaYnALHdsPcF8XMqAchdiPQ>
.
Yao, K 2020, ‘What we know about China's 'dual circulation' economic strategy’, Reuters, 16
September 2020, < https://www.reuters.com/article/china-economy-transformation-explainer-
idUSKBN2600B5>.
24
Part D: Appendix
Appendix 1:
25
Industry 2015 Change 2016 Change 2017
0.14
Agriculture, hunting,c1forestry, and fishing -0.01 0.13 -0.02 0.11
Mining and quarrying c2 0.10 0.00 0.09 0.00 0.09
Food, beverages, and c3 tobacco 0.24 0.00 0.24 0.01 0.25
c4 0.42 0.01 0.43 0.01 0.44
c5 and 0.33
footwear 0.01 0.34 0.01 0.35
Wood and productsc6 of wood and 0.40
cork 0.00 0.40 0.01 0.41
c7 0.29 and publishing
printing, 0.01 0.30 0.00 0.31
c8 0.08 fuel
and nuclear 0.01 0.09 0.00 0.09
c9 products 0.29 0.01 0.30 0.00 0.30
Rubber and plastics c10 0.19 0.00 0.19 0.00 0.19
minerals 0.17 0.00 0.18 0.01 0.18
c12 0.34
metal 0.01 0.34 0.01 0.35
Machinery, nec c13 0.18 0.01 0.18 0.01 0.19
c14equipment 0.38 0.01 0.39 0.00 0.39
Transport equipment c15 0.36 0.02 0.38 0.01 0.39
recycling 0.02 0.00 0.01 0.00 0.01
c17
water supply0.32 0.00 0.33 0.00 0.33
Construction c18 0.04 0.01 0.05 0.00 0.05
Sale, maintenance,c19 and repair 0.00
of motor vehicles and 0.00
motorcycles; retail0.00
sale of fuel 0.00 0.00
Wholesale trade and c20commission 0.04trade, except of 0.00
motor vehicles and0.04 motorcycles 0.00 0.04
Retail trade, exceptc21 0.04 and motorcycles;
of motor vehicles 0.00 repair of household
0.04 goods 0.00 0.04
c22 0.00 0.00 0.00 0.00 0.00
Inland transport c23 0.04 0.00 0.03 0.00 0.03
Water transport c24 0.07 0.00 0.06 0.00 0.06
Air transport c25 0.07 0.00 0.07 0.00 0.07
Other supporting and 0.03
c26 auxiliary transport activities; 0.00 0.02
activities of travel agencies 0.00 0.03
c27 0.10 0.00 0.10 0.00 0.10
c28 0.06 0.00 0.06 0.00 0.06
c29 0.02 0.00 0.02 0.00 0.02
Renting of M&Eq and 0.09
c30 other business activities -0.01 0.08 0.00 0.08
Public administration 0.01 0.00
c31and defense; compulsory social security 0.01 0.00 0.02
Education c32 0.05 0.00 0.04 0.01 0.05
c33 0.01 0.00 0.01 0.00 0.01
Other community, c34 0.05
social, and personal services -0.01 0.04 0.00 0.04
Table. 22 China-34 Industries’ Consumption of their own resources with changes from 2015 to 2017
(Refer to Excel Question 2b)
Appendix 2:
26
Agriculture, hunting, forestry, and fishing (c1) Elements changes from 2015-2017
%Change
Year 2015 % Change 2016 % Change 2017
from 2015
Total 1,806,853.45 -2.52% 1,761,299.47 2.12% 1,798,563.06 -0.46%

Producti
Total 720,999.86 -4.01% 692,058.96 2.83% 711,617.46 -1.30%
Expendit
Profit 1,085,853.58 -1.53% 1,069,240.51 1.66% 1,086,945.60 0.10%
(US$
Table. 23 Agriculture, hunting, forestry, and fishing (c1) Elements changes from 2015-2017 Refer to
Excel Question 2d)
Appendix 3:
c1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c3 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c4 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c5 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c6 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c7 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c8 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c9 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c10 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c11 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c12 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c13 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c14 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c15 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c16 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c18 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c19 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c20 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c21 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0
c22 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0
c23 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0
c24 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0
c25 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0
c26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0
c27 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0
c28 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0
c29 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0
c30 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0
c31 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0
c32 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0
c33 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0
c34 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1
Table. 24 Identity Matrix of 34x34 (Refer to Excel Question 3ab 2016 & 2017).
Appendix 4:
D (New External Demands) = Old External Demand * (100%-10%) = Old External Demand * 90%.
27
Indu D (US$million)
Old External Demand (US$ million)
stry
c1 454,141.11 408,727.0001533
c2 20,933.34 18,840.0021313
c3 769,498.11 692,548.2997208
c4 362,631.36 326,368.2259302
c5 112,405.03 101,164.5304652
c6 25,188.33 22,669.4935682
c7 19,108.88 17,197.9909054
c8 64,150.22 57,735.1965400
c9 173,303.96 155,973.5615258
c10 58,760.42 52,884.3756552
c11 50,391.03 45,351.9294918
c12 218,053.34 196,248.0090845
c13 530,537.20 477,483.4763907
c14 964,437.18 867,993.4635917
c15 789,941.26 710,947.1379990
c16 107,336.42 96,602.7763176
c17 84,432.12 75,988.9115729
c18 2,949,961.34 2,654,965.2036540
c19 0 0.0000000
c20 473,319.54 425,987.5875939
c21 97,930.30 88,137.2685917
c22 247,838.22 223,054.3970057
c23 130,209.90 117,188.9068260
c24 41,494.84 37,345.3533902
c25 26,271.13 23,644.0151085
c26 12,776.06 11,498.4576473
c27 131,046.46 117,941.8169754
c28 195,327.47 175,794.7221041
c29 516,580.80 464,922.7239247
c30 354,485.70 319,037.1268243
c31 904,569.97 814,112.9762505
c32 610,640.39 549,576.3497316
c33 594,307.35 534,876.6171659
c34 289,657.63 260,691.8625510
Table. 25 Calculations of New External Demand after Economic Shock in 2016 (Refer to Excel Question
3ab 2016).
Appendix 5:
D (New External Demands) = Old External Demand * (100%+3%) = Old External Demand * 103%.
Industry Old External Demand (US$ million) D (US$million)
c1 548,232.10 564,679.07
c2 42,388.51 43,660.17
c3 870,983.46 897,112.96
c4 401,902.48 413,959.56
c5 124,739.88 128,482.08
c6 30,868.08 31,794.13
c7 24,012.59 24,732.97
c8 91,119.62 93,853.21
c9 196,283.13 202,171.62
c10 67,724.90 69,756.65
c11 51,946.57 53,504.96
c12 248,102.21 255,545.28
c13 559,103.45 575,876.55
c14 1,066,918.09 1,098,925.63
c15 851,204.79 876,740.93
c16 129,210.72 133,087.04
c17 93,725.49 96,537.25
c18 3,176,032.08 3,271,313.04
c19 0 0.00
c20 519,620.29 535,208.90
c21 107,508.93 110,734.20
c22 264,305.33 272,234.49
c23 145,293.79 149,652.61
c24 45,107.44 46,460.66
c25 28,045.43 28,886.79
c26 15,556.62 16,023.32
c27 142,854.85 147,140.49
c28 201,338.55 207,378.71
c29 566,495.14 583,489.99
c30 356,040.85 366,722.08
c31 981,357.19 1,010,797.91
c32 664,041.21 683,962.45
c33 655,119.85 674,773.45
c34 312,064.82 321,426.77
28
Table 26. Calculations of New External Demand after the effect of Economic Stimulation Policies in 2017
(Refer to Excel Question 3ab 2017).
Appendix 6:
Over the past century, it is true that the service sectors have notably expanded over the world,
taking up to 70% of total OECD value added in 2000 (CFI n.d.). Being a developing country in
Asia, it is clear that China will focus more on the service sector than the industrial sector to
promote national wealth (Chakraborty 2014). As a result, China should execute the following
suggestions to improve the country's economic performance in the future. First of all, China
needs to boost more innovation in their service industry to enhance the quality of service further
and expand products and service ranges (OECD 2005). This can be obtained by creating policy
to stimulate firms to innovate more, especially in terms of technology. Businesses can adopt
technology to either promote their production, improve speed and efficiency, or optimize the
number of workers in the operating process (Investopedia Staff 2020). This undoubtedly limits
the costs and bolsters the incoming revenue streams. Secondly, with advancements in technology
and online space, China should also pay more attention to Information and Communication
Technologies (ICTs) and digital content service by encouraging firms to implement these factors
in their systems.
Appendix 7:
Considering the most impact of External Demands on China's other communication and personal
services (c34), it is imperative that the government focus on cutting this industry reliance on
external markets. This could be done by expanding the domestic markets with the urbanization
program to covert migrant workers into cities' inhabitants, expanding the middle-class (Yao
2020). As more people earned middle-level income, services that C34 provided, such as
hairdresser and funeral, would likely consume more. Thus, this industry is more dependent on
domestic demand and reduce the risks of externals.
29

Assessment 2A: Team Assignment Report: Hanoi Campus

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Hanoi campus

ECON1267- Quantitative Analysis

Assessment 2A: Team

Lecturer: Dr. Selim Ergun

Part A: China’s 34 Industries Performance Analysis.........................3

a. Estimation of the technology matrix of the 34-industry from 2015 to 2017

Profit is the difference between the Total Output to Total Input.

Profit Margin is calculated by dividing Profit by Total Output.

Leontief Input-Output Analysis equation

by its technology matrix’s cell associated-industry-column. We then have:

Total Profit change

Assigned A as 1, B as 2, C as 3 and continued.

Given the encoding matrix of positive integers:

Message 1. ATTACK DELAWARE ON WEDNESDAY

We multiply matrix M with matrix A to encoded the responding message.

Therefore, the encoded message in rows is:

Message 2. ATTACK NEWYORK NEXT SATURDAY

We multiply matrix M by matrix B to encode the responding message.

Therefore, the encoded message in rows is:

This resulted in message 2: ATTACK NEWYORK NEXT SATURDAY

Therefore, the encoded message in rows is:

This resulted in message 3: ATTACK NEWYORK NEXT THURSDAY

The process of encoding messages provides us fundamental reflection of matrix applied

Miernyk, W 2020, ‘The Elements of Input-Output Analysis’, WVU Research Repository, viewed

Total 1,806,853.45 -2.52% 1,761,299.47 2.12% 1,798,563.06 -0.46%

Industry Old External Demand (US$ million) D (US$million)

(Refer to Excel Question 3ab 2017).

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