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Chapter 6 examines a number of key summary analytical measures known as multipliers that can be derived from input–output models to estimate the effects of exogenous changes on (1) new outputs of economic sectors, (2) income earned by households resulting from new outputs, and (3) employment generated from new outputs, (4) value-added generated by production, or (5) energy and environmental effects. The general structure of multiplier analysis and special considerations associated with regional, IRIO, and MRIO models are developed. Extensions to capture the effects of income generation for various household groups are explored, as well as additional multiplier variants. Chapter appendices expand on mathematical formulations of household and income multipliers.
This essential reference for students and scholars in the input-output research and applications community has been fully revised and updated to reflect important developments in the field. Expanded coverage includes construction and application of multiregional and interregional models, including international models and their application to global economic issues such as climate change and international trade; structural decomposition and path analysis; linkages and key sector identification and hypothetical extraction analysis; the connection of national income and product accounts to input-output accounts; supply and use tables for commodity-by-industry accounting and models; social accounting matrices; non-survey estimation techniques; and energy and environmental applications. Input-Output Analysis is an ideal introduction to the subject for advanced undergraduate and graduate students in many scholarly fields, including economics, regional science, regional economics, city, regional and urban planning, environmental planning, public policy analysis and public management.
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