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Using Input-Output Analysis to Measure the U.S. Economic Structural Change Over a 24 Year Period


  • Jiemin Guo
  • Mark A. Planting

    (Bureau of Economic Analysis)


Many studies have been prepared on structural change in the U.S. economy using input-output analysis. These include, among others, Carter's examination of U.S. economic technological change over the 1939-1963 period and, more recently, Sonis’ new decomposition approaches to visually display structural change with application to U.S. input-output tables from 1947-1977./1/ This paper, using Sonis’ techniques of displaying structural change, evaluates changes in the U.S. economy over the 1972 to 1996 period, focusing on interindustry linkages and the effect of international trade on those linkages. The study shows that the relative impact of manufacturing on the economy has declined in the United States from 1972 to 1996 and that import penetration has been a major factor in this decline. The graphical presentation of interindustry relationships through the “Multiplier Product Matrix” (MPM) and its associated “economic landscape” provides a visualization of the U.S. economic structure for selected years and how it has changed over time.

Suggested Citation

  • Jiemin Guo & Mark A. Planting, 2000. "Using Input-Output Analysis to Measure the U.S. Economic Structural Change Over a 24 Year Period," BEA Papers 0004, Bureau of Economic Analysis.
  • Handle: RePEc:bea:papers:0004

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    References listed on IDEAS

    1. Dennis Fixler & Kimberly Zieschang, 1999. "The productivity of the banking sector: integrating financial and production approaches to measuring financial service output," Canadian Journal of Economics, Canadian Economics Association, vol. 32(2), pages 547-569, April.
    2. Barnett, William A., 1978. "The user cost of money," Economics Letters, Elsevier, vol. 1(2), pages 145-149.
    3. Donal J. Donovan, 1978. "Modeling the Demand for Liquid Assets: An Application to Canada (Etablissement d'un modèle de demande d'actifs liquides: application au Canada) (Construcción de un modelo de demanda de activos líqu," IMF Staff Papers, Palgrave Macmillan, vol. 25(4), pages 676-704, December.
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    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General


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