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A Convenient Multisectoral Policy Control For Ict In The Us Economy

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  • Maurizio Ciaschini
  • Rosita Pretaroli
  • Claudio Socci

Abstract

Through the application of the Macro Multiplier (MM) approach on an Input-Output matrix for US economy in year 2005, the paper identifies the 'convenient' structure of a policy control on final demand, oriented to a particular policy objective. The approach quantifies a set of aggregated scale effects, called MM, and the associated structures of both policy and objective variables. In this way the policy maker can both get a complete picture of the patterns of the objective that can be attained and determine a 'convenient' structure of the policy variable that compels the model towards those patterns. Copyright � 2009 The Authors. Journal compilation � 2009 Blackwell Publishing Ltd.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Metroeconomica.

Volume (Year): 60 (2009)
Issue (Month): 4 (November)
Pages: 660-685

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Handle: RePEc:bla:metroe:v:60:y:2009:i:4:p:660-685

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  1. Jeffrey I. Bernstein, 2000. "Canadian Manufacturing, U.S. R&D Spillovers, And Communication Infrastructure," The Review of Economics and Statistics, MIT Press, vol. 82(4), pages 608-615, November.
  2. Ciaschini, Maurizio & Socci, Claudio, 2007. "Final demand impact on output: A macro multiplier approach," Journal of Policy Modeling, Elsevier, Elsevier, vol. 29(1), pages 115-132.
  3. Dale W. Jorgenson, 2001. "Information Technology and the U.S. Economy," American Economic Review, American Economic Association, vol. 91(1), pages 1-32, March.
  4. Ciaschini, Maurizio, 1989. "Scale and structure in economic modelling," Economic Modelling, Elsevier, vol. 6(4), pages 355-373, October.
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Cited by:
  1. Maurizio Ciaschini & Francesca Severini, 2010. "The Economic Impact of the Green Certificate Market through the Macro Multiplier Approach," Working Papers 2010.105, Fondazione Eni Enrico Mattei.
  2. Ciaschini, Maurizio & Pretaroli, Rosita & Socci, Claudio, 2011. "Balance, Manhattan norm and Euclidean distance of industrial policies for the US," Structural Change and Economic Dynamics, Elsevier, Elsevier, vol. 22(3), pages 204-226, September.

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