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Considering households in inter-industry models is an important issue for building a realistic macroeconomic model. This is why we examine three attempts to close the Leontief input-output model, the classical approach (Type I and Type II multipliers), ten Raa model, and Klein model. Then we...
Persistent link: https://www.econbiz.de/10012966908
The paper deals with the problem of productivity of a discrete version of Leontief's input-output dynamic model with "delaying" investment with respect to the increments of the output. A concept of the partially productive matrix is introduced with due regard to the properties of which...
Persistent link: https://www.econbiz.de/10012949313
Nowadays, many countries adopt an active agenda to mitigate the impact of greenhouse gas emissions by moving towards less polluting energy generation technologies. The environmental costs, directly or indirectly generated to achieve such a challenging objective, remain however largely...
Persistent link: https://www.econbiz.de/10013020112
This paper builds on the work of Acemoglu et al. (2012) and considers a production network with unobserved common technological factor and establishes general conditions under which the network structure contributes to aggregate fluctuations. It introduces the notions of strongly and weakly...
Persistent link: https://www.econbiz.de/10012981387
We propose the so-called domestic "embodied unit labor costs" (EULC) at the country-sector level as a new cost-related basis for measures of international competitiveness. EULC take into account that a sector's labor costs constitute only a small share of its total cost which to a large extent...
Persistent link: https://www.econbiz.de/10012919512
This paper presents, in Portuguese, an overview of the input-output theory, originally developed by Wassily Leontief …. The first and second chapters present the background of the theory of input-output, placing the work of Leontief in a … historical view. Chapter 3 presents the basic theory of input-output. Chapter 4 deals with how the input-output data is overall …
Persistent link: https://www.econbiz.de/10013121882
The purpose of this paper is twofold. First, the authors provide a detailed social accounting matrix (SAM), which incorporates the income and financial flows into the standard input-output matrix, for the Canadian economy for 2004. Second, they use the SAM to assess the strength of the...
Persistent link: https://www.econbiz.de/10013123860
Neoclassical growth accounting is a methodology used to measure the contribution of different production factors to economic growth and to indirectly compute the rate of technological progress. This model assumes constant returns to scale and perfectly competitive factor markets, which implies...
Persistent link: https://www.econbiz.de/10013100276
This chapter of the new European guidelines on national accounting (ESA 2010) provides an introduction and overview of supply and use tables and the input-output framework in the national accounts. It discusses its role as a statistical tool, e.g. in compiling estimates of value added by...
Persistent link: https://www.econbiz.de/10013102181
Input-output analysis is widely used in different scenarios, because it is easy to implement and interpret. Nevertheless, it is important to note that input-output coefficients should be built with caution, especially in the case of secondary production, as this may imply negative coefficients....
Persistent link: https://www.econbiz.de/10013103912