Method to Study the Importance of Automobile Industry Chain Based on the Input-Output Model

This paper proposes a study based on the importance of the automobile industry chain based on the input-output model (IOM) to verify the importance of the automobile industry chain in the national economy. The available data shows interdependence among various industrial sectors and the automobile i...

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Main Authors: Junlei Wang, Fan Zhang, Zhaozhao Zhang, Liangliang Wang, Collins Sam Ayipeh
Format: Article
Language:English
Published: Wiley 2022-01-01
Series:Discrete Dynamics in Nature and Society
Online Access:http://dx.doi.org/10.1155/2022/3105422
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author Junlei Wang
Fan Zhang
Zhaozhao Zhang
Liangliang Wang
Collins Sam Ayipeh
author_facet Junlei Wang
Fan Zhang
Zhaozhao Zhang
Liangliang Wang
Collins Sam Ayipeh
author_sort Junlei Wang
collection DOAJ
description This paper proposes a study based on the importance of the automobile industry chain based on the input-output model (IOM) to verify the importance of the automobile industry chain in the national economy. The available data shows interdependence among various industrial sectors and the automobile industry chain. The same is reflected in the input-output table. The input data is taken from the input-output table (IOTB) of the automobile industry chain. A mathematical model was developed that shows the equilibrium relationship indicating the direct and indirect technical as well as economic links amongst the different sectors. The static model of the IOM was selected. The static model herein reflects the technical and economic correlations amongst the sectors during the same period. The same was applied to analyze and study the contemporaneous production process. 153 fields(variables) were selected to verify multiple economic indicators of the automobile industry chain. The conclusion demonstrates that the auto parts and accessories in the automobile industry chain are in the top 10 among the 153 fields, in terms of their consumption coefficient (CC) and contribution degree. The purpose of the research was to verify the significance of the relationship between various fields which can optimize and upgrade the industrial structure. It also provides a scientific basis for formulating strategies and policies of the relevant industry chain.
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id doaj-art-e6ef3a34a05a4308859e7c6d06f61af8
institution Kabale University
issn 1607-887X
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publishDate 2022-01-01
publisher Wiley
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series Discrete Dynamics in Nature and Society
spelling doaj-art-e6ef3a34a05a4308859e7c6d06f61af82025-08-20T03:26:11ZengWileyDiscrete Dynamics in Nature and Society1607-887X2022-01-01202210.1155/2022/3105422Method to Study the Importance of Automobile Industry Chain Based on the Input-Output ModelJunlei Wang0Fan Zhang1Zhaozhao Zhang2Liangliang Wang3Collins Sam Ayipeh4China Automotive Technology & Research Center Co LtdChina Automotive Technology & Research Center Co LtdChina Automotive Technology & Research Center Co LtdChina Automotive Technology & Research Center Co LtdKwame Nkrumah University of Science and TechnologyThis paper proposes a study based on the importance of the automobile industry chain based on the input-output model (IOM) to verify the importance of the automobile industry chain in the national economy. The available data shows interdependence among various industrial sectors and the automobile industry chain. The same is reflected in the input-output table. The input data is taken from the input-output table (IOTB) of the automobile industry chain. A mathematical model was developed that shows the equilibrium relationship indicating the direct and indirect technical as well as economic links amongst the different sectors. The static model of the IOM was selected. The static model herein reflects the technical and economic correlations amongst the sectors during the same period. The same was applied to analyze and study the contemporaneous production process. 153 fields(variables) were selected to verify multiple economic indicators of the automobile industry chain. The conclusion demonstrates that the auto parts and accessories in the automobile industry chain are in the top 10 among the 153 fields, in terms of their consumption coefficient (CC) and contribution degree. The purpose of the research was to verify the significance of the relationship between various fields which can optimize and upgrade the industrial structure. It also provides a scientific basis for formulating strategies and policies of the relevant industry chain.http://dx.doi.org/10.1155/2022/3105422
spellingShingle Junlei Wang
Fan Zhang
Zhaozhao Zhang
Liangliang Wang
Collins Sam Ayipeh
Method to Study the Importance of Automobile Industry Chain Based on the Input-Output Model
Discrete Dynamics in Nature and Society
title Method to Study the Importance of Automobile Industry Chain Based on the Input-Output Model
title_full Method to Study the Importance of Automobile Industry Chain Based on the Input-Output Model
title_fullStr Method to Study the Importance of Automobile Industry Chain Based on the Input-Output Model
title_full_unstemmed Method to Study the Importance of Automobile Industry Chain Based on the Input-Output Model
title_short Method to Study the Importance of Automobile Industry Chain Based on the Input-Output Model
title_sort method to study the importance of automobile industry chain based on the input output model
url http://dx.doi.org/10.1155/2022/3105422
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AT fanzhang methodtostudytheimportanceofautomobileindustrychainbasedontheinputoutputmodel
AT zhaozhaozhang methodtostudytheimportanceofautomobileindustrychainbasedontheinputoutputmodel
AT liangliangwang methodtostudytheimportanceofautomobileindustrychainbasedontheinputoutputmodel
AT collinssamayipeh methodtostudytheimportanceofautomobileindustrychainbasedontheinputoutputmodel