Embedding New Technologies and Extending Time Horizons in Input-Output Analysis
AbstractInput-output analysts are often confronted with requests for impacts assessments for economic shocks that stretch uncomfortably the assumptions of standard input-output modeling. this paper presents an approach to confronting a subset of these challenges straightforwardly in a way that ameliorates some of the more restrictive input-output assumptions, maintains the inter-industry detail of the input-output model, and enhances the representation of certain economic behaviors without the additional complexities of moving the more complex CGE or conjoined econometric input-output models. We conclude with the observation that direct changes to the IO framework most often necessitate further modifications requiring additional behavioral assumptions and decisions on the part of the modeler.
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Bibliographic InfoPaper provided by Regional Research Institute, West Virginia University in its series Working Papers with number 201110.
Length: 13 pages
Date of creation: Oct 2011
Date of revision:
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Input-output; I-O; economic behavior; modeling;
Find related papers by JEL classification:
- C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
- D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
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