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Neoclassical Input-Output analysis




AbstractThe Canadian comparative advantage is determined by the maximization of foreign earnings, subject to 10 input–output relations between 29 industries and 92 commodities. Free trade would boost the mining, quarrying & oil wells, tobacco, and machinery sectors. The structure of the economy is not self-sufficient, as a necessary and sufficient price condition shows. When commodities are aggregated into the 29 sectors, the shadow prices of the programs fulfill the value equations of the input–output analysis and admit a decomposition of Canadian inefficiency in 5% X-inefficiency, 15% allocative inefficiency, and 80% international specialization mismatch.
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Suggested Citation

  • T. Ten Raa & Pierre Mohnen, 1992. "Neoclassical Input-Output analysis," Cahiers de recherche du Département des sciences économiques, UQAM 9204, Université du Québec à Montréal, Département des sciences économiques.
  • Handle: RePEc:cre:uqamwp:9204 Note: To receive copy, email author

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    References listed on IDEAS

    1. Joseph E. Stiglitz, 1974. "Incentives and Risk Sharing in Sharecropping," Review of Economic Studies, Oxford University Press, vol. 41(2), pages 219-255.
    2. Ahsan, Syed M, 1974. "Progression and Risk-Taking," Oxford Economic Papers, Oxford University Press, vol. 26(3), pages 318-328, November.
    3. Steven Shavell, 1979. "Risk Sharing and Incentives in the Principal and Agent Relationship," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 55-73, Spring.
    4. Bulow, Jeremy I & Summers, Lawrence H, 1984. "The Taxation of Risky Assets," Journal of Political Economy, University of Chicago Press, vol. 92(1), pages 20-39, February.
    5. Meyer, Jack, 1987. "Two-moment Decision Models and Expected Utility Maximization," American Economic Review, American Economic Association, vol. 77(3), pages 421-430, June.
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    Cited by:

    1. Sofiane Ghali & Pierre Mohnen, 2002. "Restructuring And Economic Performance: The Experience Of The Tunisian Economy," CIRANO Working Papers 2002s-26, CIRANO.
    2. Harada, Tsutomu, 2015. "Structural change and economic growth with relation-specific investment," Structural Change and Economic Dynamics, Elsevier, vol. 32(C), pages 1-10.
    3. repec:spr:annopr:v:247:y:2016:i:2:d:10.1007_s10479-014-1773-5 is not listed on IDEAS

    More about this item

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F37 - International Economics - - International Finance - - - International Finance Forecasting and Simulation: Models and Applications
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance


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