The Economics of Input-Output AnalysisInput-output analysis is the main tool of applied equilibrium analysis. This textbook is a systematic survey of its most recent developments and their applications, teaching students how to apply their knowledge to concrete economies. The national accounts of an economy are presented in detail and then used to build an economic model. Numbers are put on seemingly slippery issues such as efficiency, competitiveness, environmental protection, and globalization effects. Exercises and review questions are included at the end of each chapter, and solutions at the end of the book. |
Contents
Linear programming | 4 |
Inputoutput basics | 15 |
Multiplier effects | 29 |
Are inputoutput coefficients fixed? | 54 |
The System of National Accounts | 65 |
The construction of technical coefficients | 87 |
From inputoutput coefficients to the CobbDouglas | 99 |
The diagnosis of inefficiency | 108 |
Environmental inputoutput economics | 139 |
Productivity growth and spillovers | 151 |
11 | 165 |
The dynamic inverse | 166 |
2222 | 171 |
Stochastic inputoutput analysis | 176 |
Solutions to exercises 183 883 | 183 |
| 192 | |
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Common terms and phrases
active sectors activity levels allocation autarky billion guilders capital and labor chapter column vector commodity technology coefficients commodity vector competitive components consumption decomposition denoted determined domestic final demand dual constraint dual program employment multipliers energy equal equation equilibrium expansion factor exports factor inputs feasible free trade frontier fulfills given Hence industry inefficiency inequality input-output analysis input-output coefficients input-output model isoquant Lagrange multipliers lemma Leontief inverse linear program macroeconomic macroeconomic production function marginal productivities material balance matrix maximization measure national accounts net output non-negative non-substitution table objective function output phenomenon of complementary pollution primal production function production income multiplier production units productivity growth reallocations requirements returns to scale row vector shadow prices Solow residual solution spillovers technical coefficients terms of trade TFP growth theorem 4.1 unit of commodity value-added coefficients variables X-inefficiency yields zero