South American Input-Output Matrix is launched at FIESP
On November 18, FIESP’s main offices in São Paulo held the pre-release of the South American Input-Output Matrix. The result of work developed over two years, the Matrix is the product of a coordinated effort by IPEA, with the technical collaboration of FGV/NPII and statistical support of CEPAL’s Regional Integration Division, in Santiago de Chile.
Ten national consultants from the ten South American countries (except Suriname) participated in the project, compiling and adjusting the matrixes and trade flows in their economies. Several funding sources contributed to the project, highlighting the Inter-American Development Bank (IDB) and the Development Bank of Latin America (CAF) among the multilateral organizations.
The preliminarily released version covers eight countries and it is currently being tested. Ecuador and Paraguay, still not included in the matrix, should be incorporated until early 2016.
Professor Renato Flôres, director of FGV/NPII and technical coordinator of the project, presented, at the event, a series of indicators and initial conclusions drawn from the information provided by this initial version. These data is primarily dedicated to assess the degree of integration among South American economies.
The project will present several developments, focused on existing or potential value chains in the continent. The South American matrix, as an international public good, will be available to all interested parties by mid-2016.