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7 - Supply-Side Models, Linkages, and Important Coefficients

Published online by Cambridge University Press:  06 January 2022

Ronald E. Miller
Affiliation:
University of Pennsylvania
Peter D. Blair
Affiliation:
George Mason University
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Summary

Chapter 7 presents the so-called supply-side input–output model. It is discussed both as a quantity model (the early interpretation) and as a price model (the more modern interpretation). Relationships to the standard Leontief quantity and price models are also explored. In addition, the fast-growing literature on quantification of economic linkages and analysis of the overall structure of economies using input–output data is examined. Finally, approaches for identifying key or important coefficients in input–output models and alternative measures of coefficient importance are presented.

Type
Chapter
Information
Input-Output Analysis
Foundations and Extensions
, pp. 289 - 346
Publisher: Cambridge University Press
Print publication year: 2022

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References

Supplemental Appendix SA7.2, located on the internet web site associated with this text (http://www.cambridge.org/millerandblair), uses the basic operations of partitioned matrices developed in Appendix A to examine hypothetical extraction measures developed in this chapter. Cases examined include complete extraction of an economic sector, extraction of a sector’s intersectoral relationships, extraction of a sector’s intermediate purchases, extraction of a sector’s intermediate sales, extraction of a sector’s intersectoral intermediate purchases, and extraction of a sectors intersectoral intermediate sales. Some comparisons with the Ghosh Model developed in this chapter are also explored.Google Scholar

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