TY - JOUR
AU - Foong, S. Z. Y.
AU - Andiappan, Viknesh
AU - Aviso, K. B.
AU - Chemmangattuvalappil, N. G.
AU - Tan, R. R.
AU - Yu, K. D. S.
AU - Ng, D. K. S.
PY - 2021
DA - July
TI - A criticality index for prioritizing economic sectors for post-crisis recovery in oleo-chemical industry
JO - Journal of the Taiwan Institute of Chemical Engineers
DO - https://doi.org/10.1016/j.jtice.2021.06.051
AB - 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.
PB - Elsevier
UR - https://researchportal.hw.ac.uk/en/publications/13d98456-6deb-4706-9a7c-f73da4d71df7
KW - Coronavirus (COVID-19)
ER