Effects of demand shocks in the Brazilian economy: new production and value added multipliers
AbstractAssuming that the traditional input-output multipliers lead to a misinterpretation of macroeconomic concepts for multisectoral analysis of a given economy, the aim of this article is to calculate the new multipliers of variation in the final demand on the production and value added by the sectors of the Brazilian economy in the period between 1995 and 2009. Using the Euclidean distance method proposed in Amaral et al (2012) and data from input-output tables, the main results showed that: a) the structural change effect was more important than the scale effect, both for the production and for the value added, although it was less important for the latter; b) Brazil is still a major exporter of unprocessed products which will generate jobs, income and taxes abroad, depriving the country of this important benefit; c) the main key sectors were Agricultural (1), Mining (2), Steel industry (4), Chemistry (11), Food industry (16) and some service sectors, such as Public Utilities (18), Trade, (20) Transportation (21), Communication (22), Public administration (24) and Other services (25), revealing the gain in importance of these activities in the national economy.
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Bibliographic InfoPaper provided by ISEG - School of Economics and Management, Department of Economics, University of Lisbon in its series Working Papers Department of Economics with number 2013/22.
Date of creation: Dec 2013
Date of revision:
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Postal: Department of Economics, ISEG - School of Economics and Management, University of Lisbon, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL
Web page: https://aquila1.iseg.ulisboa.pt/aquila/departamentos/EC
input-output; Euclidean distance multipliers; structural changes; Brazil;
Find related papers by JEL classification:
- C57 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Econometrics of Games
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-12-15 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Guilhoto, Joaquim José Martins & Sesso Filho, Umberto Antonio, 2010.
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[Estimation of input-output matrix using preliminary data from national accounts]," MPRA Paper 38212, University Library of Munich, Germany.
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