Using Input-Output Analysis to Measure the U.S. Economic Structural Change Over a 24 Year Period
AbstractMany studies have been prepared on structural change in the U.S. economy using input-output analysis. These include, among others, Carter's examination of U.S. economic technological change over the 1939-1963 period and, more recently, Sonis’ new decomposition approaches to visually display structural change with application to U.S. input-output tables from 1947-1977./1/ This paper, using Sonis’ techniques of displaying structural change, evaluates changes in the U.S. economy over the 1972 to 1996 period, focusing on interindustry linkages and the effect of international trade on those linkages. The study shows that the relative impact of manufacturing on the economy has declined in the United States from 1972 to 1996 and that import penetration has been a major factor in this decline. The graphical presentation of interindustry relationships through the “Multiplier Product Matrix” (MPM) and its associated “economic landscape” provides a visualization of the U.S. economic structure for selected years and how it has changed over time.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Bureau of Economic Analysis in its series BEA Papers with number 0004.
Date of creation: Aug 2000
Date of revision:
Find related papers by JEL classification:
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elizabeth Bernstein).
If references are entirely missing, you can add them using this form.