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Extending the input-output model with assets

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  • Xikang Chen
  • Ju-e Guo
  • Cuihong Yang

Abstract

In this paper, the input-output model is extended with assets. It allows us to examine the various assets that are held and used in production. The requirements of assets that must be held by each sector can thus be specified. Extending the input-output model with assets provides a better alternative to the capital stock matrix in the standard Systems of National Accounts. The input-output model is extended by taking the depreciation of fixed assets into full account. This extension allows for the calculation of total holding coefficients that express the amount of assets that are required to be held in each sector in order to satisfy a unit of final demand. In addition, a dynamic version of the extended model is presented. The extended input-output model has been widely applied in China for various purposes.

Suggested Citation

  • Xikang Chen & Ju-e Guo & Cuihong Yang, 2005. "Extending the input-output model with assets," Economic Systems Research, Taylor & Francis Journals, vol. 17(2), pages 211-225.
    • Handle: RePEc:taf:ecsysr:v:17:y:2005:i:2:p:211-225
    DOI: 10.1080/09535310500115074
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    1. Leontief, Wassily, 1977. "The future of the world economy+," Socio-Economic Planning Sciences, Elsevier, vol. 11(3), pages 171-182.
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    1. Chen, Xikang & Cheng, Leonard K. & Fung, K.C. & Lau, Lawrence J. & Sung, Yun-Wing & Zhu, K. & Yang, C. & Pei, J. & Duan, Y., 2012. "Domestic value added and employment generated by Chinese exports: A quantitative estimation," China Economic Review, Elsevier, vol. 23(4), pages 850-864.
    2. repec:zbw:bofitp:2008_031 is not listed on IDEAS
    3. Chuai, Xiaowei & Gao, Runyi & Huang, Xianjin & Lu, Qinli & Zhao, Rongqin, 2021. "The embodied flow of built-up land in China's interregional trade and its implications for regional carbon balance," Ecological Economics, Elsevier, vol. 184(C).
    4. Fu, Xue & Lahr, Michael & Yaxiong, Zhang & Meng, Bo, 2017. "Actions on climate change, Intended Reducing carbon emissions in China via optimal industry shifts: Toward hi-tech industries, cleaner resources and higher carbon shares in less-develop regions," Energy Policy, Elsevier, vol. 102(C), pages 616-638.
    5. Dean, Judith & Fung, K.C. & Wang, Zhi, 2008. "How vertically specialized is Chinese trade?," BOFIT Discussion Papers 31/2008, Bank of Finland, Institute for Economies in Transition.
    6. Marwil J. Dávila-Fernández & Lionello F. Punzo, 2018. "A Multi-Sectoral Approach to Financialisation," Department of Economics University of Siena 794, Department of Economics, University of Siena.

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