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A Nonlinear Supply-Driven Input-Output Model

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  • Nooraddin Sharify

Abstract

One of the major limitations of the supply-driven input-output (I-O) Ghosh model concerns its linear production function. Using the I-O table, this paper replaces the linear production function with the Cobb-Douglas (CD) production function within the supply-driven model. The two models are compared both theoretically and empirically. Nonlinear production function, relative substitutability of primary factors, and variability of the proportion of intermediate inputs over product levels are the characteristics of the proposed model. The consideration of sectors' Solow residual as Total Factor Productivity (TFP) of sectors is yet another characteristics of the proposed model. The model is also plausible in value added and supply shock computations.

Suggested Citation

  • Nooraddin Sharify, 2018. "A Nonlinear Supply-Driven Input-Output Model," Prague Economic Papers, Prague University of Economics and Business, vol. 2018(4), pages 494-502.
    • Handle: RePEc:prg:jnlpep:v:2018:y:2018:i:4:id:657:p:494-502
    DOI: 10.18267/j.pep.657
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    More about this item

    Keywords

    nonlinear input-output model; Cobb-Douglas production function; Ghosh model; plausible supply-driven input-output model;
    All these keywords.

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications

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