Straightening out the concept of direct and indirect input requirements
Sancho Pifarré, Ferran (Universitat Autònoma de Barcelona. Departament d'Economia i d'Història Econòmica)

Date:	2012
Description:	8 pàg.
Abstract:	Gim & Kim (1998) proposed a generalization of Jeong (1982, 1984) reinterpretation of the Hawkins-Simon condition for macroeconomic stability to off-diagonal matrix elements. This generalization is conceptually relevant for it offers a complementary view of interindustry linkages beyond final or net output influence. The extension is completely similar to the 'total flow' idea introduced by Szyrmer (1992) or the 'output-to-output' multiplier of Miller & Blair (2009). However the practical implementation of Gim & Kim is actually faulty since it confuses the appropriate order of output normalization. We provide a new and elementary solution for the correct formalization using standard interindustry concepts. The advantage of our approach is that it unravels and clarifies the step by step actual mechanisms behind the accounting rules.
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Language:	Anglès
Document:	Article ; recerca ; Versió publicada
Subject:	Output multipliers ; Input multipliers ; Leontief multipliers
Published in:	Economics bulletin, Vol. 32 Núm. 1 (2012) , p. 502-509, ISSN 1545-2921

8 p, 149.3 KB

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