The present study is to indicate that the comparison between sectoral production multipliers of an input-output (I/O) model and a social accounting matrix (SAM) framework is almost impossible without taking into account accounting balances and theoretical considerations. Theoretically, the I/O model provides the Leontief’s production function, on the basis of which sectoral output multiplier ca...

Twelve kinds of special semipositive matrices and their basic characters are presented. Employing these matrices and the previous results in Zeng (2008), we research the conditions for the balances between final output values and values-added, and between input multipliers and output multipliers in an economy. A necessary and sufficient condition that (i) there exists a unique vector of output ...

Abstract This paper proposes a new approach to the regionalization of national input–output tables where suitable regional data are scarce and analysts considering using location quotients (LQs). We focus on FLQ formula, which frequently yields best results pure LQ-based methods, develop an enhanced way implementing this approach. use modified cross-entropy (MCE) method, along with regression m...

Price changes and output growth, both at the aggregate and the sectoral level, appear to be negatively correlated. At a basic level, this suggests that sectoral “supply” shocks are more prevalent than sectoral “demand” shocks. However, it is not clear what these sectoral price-output correlations mean once one thinks in terms of general equilibrium. To help us understand the implication of thes...

Motivated by recent evidence pointing at an increase in the TFP following higher government spending, we explore how technology affects sectoral fiscal multipliers open economy. Our estimates for eighteen OECD countries over 1970-2015 reveal that a spending shock increases significantly non-traded-goods-sector share of total hours worked while response value added non-tradables (at constant pri...

Bu çalışmada Avrupa Birliği yekpare bir devlet olsaydı, hangi sektörlerin Üretim, İstihdam ve Gelir Çarpanları öne çıkardı sorusuna cevap aranmaktadır. bağlamda tüm AB ülkelerinin en güncel verilerine sahip olduğu için World Input Output Database (WIOD; Timmer vd., 2015:575)’de yer alan 2014 yılı Girdi-Çıktı tabloları kullanılmıştır. Çalışma kapsamında AB’yi tek ülke halinde inceleyebilmek adın...

Abstract By applying network analysis techniques to large input–output system, we identify key sectors in the local/regional economy. We overcome limitations of traditional measures centrality by using random-walk based measures, as an extension Blöchl et al. (Phys Rev E 83(4):046127, 2011). These are more appropriate analyze very dense networks, i.e. those which most nodes connected all other ...

We document sectoral differences in changes in output, hours worked, prices and nominal wages in the US during the Great Depression. We explore whether contractionary monetary shocks combined with different degrees of nominal wage frictions across sectors are consistent with both sectoral as well as aggregate facts. To do so, we construct a two-sector model where goods from each sector are used...

The support of economic sectors that exploit natural bio-based resources in a particular region is an opportunity to benefit from local potentials terms sustainability, employment, output, and household income. Hence relevant question emerges, namely, how can bioeconomy be adequately supported? Within this context, another issue whether the development strategy at national level should same as ...