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This paper identifies a fundamental challenge in the development of input-output databases of the world economy intended for analysis of alternative scenarios with a model of the world economy. Primary data sources for individual economies generally do not use the same sectoral classification...
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In the Input-Output Analytic framework, production (X) is related to final demand (C) through the B [while B= INV(I-A), where A is the technical coefficients matrix and INV(.) means inverted (.)], such that X=BC. Generally, the elements of A and C are considered to be non-stochastic and...
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