Structural change decomposition through a global sensitivity analysis of input-output models
Sensitivity analysis has become an important tool to test the robustness of estimated economic models. In this paper we propose the use of simulation-based sensitivity analysis to identify the fundamental structure of the economy. To show the possibilities of this technique, we provide empirical evidence on the path of structural change occurring in the Chicago economy by running simulations for projected input-output tables over the period 1975-2010.
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Volume (Year): 18 (2006)
Issue (Month): 2 ()
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