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Elasticities: Supplementary Statistics From Interindustry Studies

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  • Ayer, Harry W.
  • Baskett, James

Abstract

Elasticities are developed to incorporate both a sector's multiplier impact and its initial relative size to give a better estimator of the sector's importance to a region's economy. A current, empirical example of the differences between multipliers and elasticities, and their use in policy is given. Elasticities, compared to multipliers, are also often easier to employ in analysis because they are used with more readily available and comprehended data.

Suggested Citation

  • Ayer, Harry W. & Baskett, James, 1978. "Elasticities: Supplementary Statistics From Interindustry Studies," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 3(01), pages 1-6, July.
    • Handle: RePEc:ags:wjagec:32401
    DOI: 10.22004/ag.econ.32401
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    File URL: https://ageconsearch.umn.edu/record/32401/files/03010075.pdf
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    References listed on IDEAS

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    1. Robert J. Kalter & William B. Lord, 1968. "Measurement of the Impact of Recreation Investments on a Local Economy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 50(2), pages 243-256.
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    Cited by:

    1. Seeley, Ralph, 1985. "Price Elasticities From The Iiasa World Agriculture Model," Staff Reports 277684, United States Department of Agriculture, Economic Research Service.
    2. Brucker, Sharon M., 1980. "New Measures From Input-Output Studies: A Comparison Of Traditional Multipliers And Growth-Equalized Multipliers," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 2), pages 1-7, October.
    3. Brucker, Sharon M., 1980. "New Measures From Input-Output Studies: A Comparison Of Traditional Multipliers And Growth-Equalized Multipliers," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 9(2), pages 1-7, October.

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