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  • Erik Dietzenbacher

Abstract

Recently, Oosterhaven and Stelder (2002, "Journal of Regional Science", 42, 533-543) (OS) addressed the issue of measuring the economic importance of an industry. In practice, the traditional multipliers are commonly multiplied by, for example, the outputs. According to OS, this is a misuse that leads to double counting, a correction for which results in their net multipliers. In this note, I will provide an economic interpretation, which suggests that net multipliers may be a good choice for descriptive purposes. The comment by de Mesnard (2002, "Journal of Regional Science", 42, 545-548) adopts a different viewpoint. Following his approach, I will show that also the common procedure-which was the central point of rejection in OS-has a sound economic interpretation. In its turn, this yields an alternative interpretation for the matrices used in supply-driven input-output models. Copyright Blackwell Publishing Inc. 2005

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Journal of Regional Science.

Volume (Year): 45 (2005)
Issue (Month): 2 ()
Pages: 421-426

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Handle: RePEc:bla:jregsc:v:45:y:2005:i:2:p:421-426

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Cited by:
  1. Antonio Carlos Moretto & João Dias & João Carlos Lopes, & Rossana Lott Rodrigues, 2013. "Effects of demand shocks in the Brazilian economy: new production and value added multipliers," Working Papers Department of Economics 2013/22, ISEG - School of Economics and Management, Department of Economics, University of Lisbon.
  2. Miguel Vélez, Francisco Javier de & Llop Llop, Maria & Manresa, Antonio, 1954-, 2013. "Supply Multipliers in Two Regional Economies," Working Papers 2072/213636, Universitat Rovira i Virgili, Department of Economics.
  3. Martin Borowiecki & Bernhard Dachs & Doris Hanzl-Weiss & Steffen Kinkel & Johannes Pöschl & Magdolna Sass & Thomas Christian Schmall & Robert Stehrer & Andrea Szalavetz, 2012. "Global Value Chains and the EU Industry," wiiw Research Reports 383, The Vienna Institute for International Economic Studies, wiiw.
  4. Afonso, António & Gomes, Pedro & Taamouti, Abderrahim, 2014. "Sovereign credit ratings, market volatility, and financial gains," Working Paper Series 1654, European Central Bank.
  5. Ho Gim & Koonchan Kim, 2009. "A study on the building of a new “output–output model” and its usefulness: based on a comparative analysis of the input–output model," The Annals of Regional Science, Springer, vol. 43(3), pages 807-829, September.
  6. onder Nomaler & Bart Verspagen, 2008. "Knowledge Flows, Patent Citations and the Impact of Science on Technology," Economic Systems Research, Taylor & Francis Journals, vol. 20(4), pages 339-366.
  7. Gunnar Lindberg, 2011. "On the appropriate use of (input-output) coefficients to generate non-survey regional input-output tables: Implications for the determination of output multipliers," ERSA conference papers ersa10p800, European Regional Science Association.
  8. Giannis Karagiannis & Vangelis Tzouvelekas, 2003. "Sectoral Linkages and Industrial Efficiency: A Dilemma or a Requisition in Identifying Development Priorities?," Working Papers 0413, University of Crete, Department of Economics.
  9. Ferran Sancho, 2013. "Some conceptual difficulties regarding ‘net’ multipliers," The Annals of Regional Science, Springer, vol. 51(2), pages 537-552, October.
  10. João Do Amaral & João Dias & João Lopes, 2012. "A new kind of production and value-added multiplier for assessing the scale and structure effects of demand shocks in input–output frameworks," The Annals of Regional Science, Springer, vol. 49(1), pages 103-115, August.
  11. Barbara Diaz & Laura Moniche & Antonio Morillas, 2006. "A Fuzzy clustering approach to the key sectors of the Spanish economy," Economic Systems Research, Taylor & Francis Journals, vol. 18(3), pages 299-318.
  12. Cámara Sánchez , Ángeles & Flores García, Mónica & Fuentes Saguar, Patricia D., 2011. "Análisis económico y medioambiental del sector eléctrico en España/Economic and Environmental Analysis of the Electricity Sector in Spain," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 29, pages 493-514, Agosto.
  13. Argyrios D. Kolokontes & Chrysovalantis Karafillis & Fotios Chatzitheodoridis, 2008. "Peculiarities And Usefulness Of Multipliers, Elasticities And Location Quotients For The Regional Development Planning: An Other View," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 2(2), pages 118-133, December.
  14. Garbellini, Nadia & Wirkierman, Ariel Luis, 2014. "Blocks and circularity in labour requirements: An interplay between clusters and subsystems in the EU," Structural Change and Economic Dynamics, Elsevier, vol. 28(C), pages 60-74.
  15. Louis Mesnard, 2007. "A critical comment on Oosterhaven–Stelder net multipliers," The Annals of Regional Science, Springer, vol. 41(2), pages 249-271, June.
  16. Louis Mesnard, 2007. "Reply to Oosterhaven’s: the net multiplier is a new key sector indicator," The Annals of Regional Science, Springer, vol. 41(2), pages 285-296, June.
  17. Miguel, Francisco Javier de & Llop Llop, Maria & Manresa, Antonio, 1954-, 2011. "Simulating the Impact of Sectorial Productivity Gains on Two Regional Economies: Key Sectors from a Supply Side Perspective," Working Papers 2072/169681, Universitat Rovira i Virgili, Department of Economics.
  18. Chang Seung & Edward Waters, 2013. "Calculating impacts of exogenous output changes: application of a social accounting matrix (SAM) model to Alaska fisheries," The Annals of Regional Science, Springer, vol. 51(2), pages 553-573, October.
  19. Jan Oosterhaven, 2007. "The net multiplier is a new key sector indicator: reply to De Mesnard’s comment," The Annals of Regional Science, Springer, vol. 41(2), pages 273-283, June.
  20. Andrew Dyck & U. Sumaila, 2010. "Economic impact of ocean fish populations in the global fishery," Journal of Bioeconomics, Springer, vol. 12(3), pages 227-243, October.

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