Virtual Workshop on Input-Output Analysis
The CAREC Institute in collaboration with the Asian Development Bank (ADB) delivered the five-days virtual workshop on Input-Output analysis from April 4 to April 8, 2022.
Considering the demand from member countries, since 2017, the CAREC Institute has been collaborating with the Asian Development Bank’s Economic Research and Regional Cooperation Department to enhance the capacities of relevant government organizations in the CAREC countries to produce high-quality economic data in the system of national accounts framework, providing effective knowledge solutions to statistical and analytical issues encountered by governmental organizations.
Data analysis is important in the decision-making process, and it enables evidence-based decisions, reduces the risk, decreases bias, and leads to a better strategic outcome. The input-output framework is essential to many macroeconomic analyses and gives guidance in the development of policies, strategies and plans for economic growth. It is vital for depicting production, consumption, and trade activities attributable to any given economy. Economic analyses and econometric models based on input-output tables provide a deeper understanding of the state, functioning, and evolution of an economy and its various sectors. Thus, the input-output framework, models and analysis effectively facilitate systematic data collection and evidence-based policymaking by providing high-quality data-driven insights on economic issues.
The main aim of the workshop was to enhance the capacities of the government officials, statisticians, and analysts involved in national accounts and macroeconomic analysis, including but not limited to, government officials engaged in macroeconomic analysis, macroeconomic analysts from think-tanks, and macroeconomists from academic institutions to produce high-quality economic data and analysis through the Input-Output framework.
The five-day virtual workshop consisted of a lecture series and hands-on training on input-output analysis and its applications. All participants were enabled to discuss virtually with experts on input-output data analysis to resolve issues encountered during the application of the Input-output analysis in their work.
All materials and webinar recordings are available through the CAREC Institute’s e-learning platform.