@article{Foong_S-2021_41790,
title = {A criticality index for prioritizing economic sectors for post-crisis recovery in oleo-chemical industry},
author = {Foong, S. and Andiappan, V. and Aviso, K. and Chemmangattuvalappil, N. and Tan, R. and Yu, K. and Ng, D.},
month = {jul},
year = {2021},
abstract = {Most countries have implemented lockdowns as the main non-pharmaceutical intervention in response to the global Covid-19 pandemic. Such actions have resulted in negative economic impacts on different sectors, which include manufacturing and processing industry. This concern has led to the need to develop post-lockdown “exit strategies” to mitigate the adverse socio-economic impacts. In this work, a systematic approach is developed to quantify the criticality of economic sectors based on a sector criticality index (SCI) and rank them based on their importance relative to the entire national economy. SCI is a weighted composite score based on five criteria which capture relevant dimensions in judging the importance of sectors: economic impact, connectivity, sector size, income multiplier, and employment. The input-output model is then used to evaluate the interaction amongst the economic sectors. The use of the proposed approach is illustrated with a case study focusing on evaluating the impact on oleo-chemical industries and associated agro-industrial sectors in Malaysia.},
journal = {Journal of the Taiwan Institute of Chemical Engineers},
publisher = {Elsevier},
url = {https://doi.org/10.1016/j.jtice.2021.06.051},
}
