COMPARATIVE DYNAMIC ANALYSIS OF VALUE ADDED CREATED BY INDUSTRY “MANUFACTURE OF WOOD AND OF PRODUCTS OF WOOD AND CORK, EXCEPT FURNITURE; MANUFACTURE OF ARTICLES OF STRAW AND PLAITING MATERIALS” IN BALTIC STATES AND FINLAND

The goal of the research is to carry out the comparative dynamic Input-Output analysis of economics of the industry “Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials” (C16) in the Baltic States and Finland. The information for the study is the National Input-Output Tables for the period 2000-2014 as part of the World Input-Output Database. The theoretical basis in the general sense is the Input-Output analysis and linear algebra as well. The investigation tool is the original version of the Input-Output model elaborated by the authors according to the structure of the National Input-Output Tables. The purpose of the work is the dynamic comparative Input-Output analysis of industry's C16 operating as an economic unit in the Baltic States and Finland in order to highlight the differences in the sales and purchases structures as factors for industry's value added creation and industry's influence to the national economy as a whole. The investigations concern the gross output sales structure, intermediate consumption structure, Leontief inverse, Ghosh inverse, direct and total backward linkages, direct and total forward linkages of the industry C16. Comparison the industry's C16 operating in Estonia, Finland, Latvia and Lithuania in the dynamic aspect allows us to discover the cost and revenue factors of the industry's “Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials” value added creation efficiency in the referred countries. All indicators calculated with help of the Input-Output model contain the pithy information for the managers of the industry “Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials”. Our results are original because of the specific object of current research and the dynamic comparative Input-Output investigation method employed by us.