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Is the Ghosh model interesting?

Author

Listed:
  • Louis de Mesnard

    (LEG - Laboratoire d'Economie et de Gestion - UB - Université de Bourgogne - CNRS - Centre National de la Recherche Scientifique)

Abstract

The overall value of the Ghosh model is appraised. Its treatment of quantities and prices is scrutinized by examining the variant with data in quantities and prices, and the variant with data in value and price indexes. The methodology involves returning to the accounting equations and shows that: (i) the Ghosh model offers solutions of limited interest, being incapable of providing prices or price indexes separately from quantities; (ii) what is taken to be the equation of Ghosh's value model is actually that of Ghosh's physical model; (iii) the Ghosh model may serve for cost-push exercises, but the dual of the Leontief model performs the same task in a much simpler and more natural way; and (iv) Cronin's mixed models do not actually mix Leontief and Ghosh hypotheses.

Suggested Citation

  • Louis de Mesnard, 2009. "Is the Ghosh model interesting?," Post-Print hal-00383926, HAL.
    • Handle: RePEc:hal:journl:hal-00383926
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    References listed on IDEAS

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    Cited by:

    1. Ana-Isabel Guerra, 2011. "Merging the Hypothetical Extraction Method and the Classical Multiplier Approach: A Hybrid Possibility for Identifying Key Distributive Sectors," UFAE and IAE Working Papers 886.11, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    2. Almeida, Lucas Milanez de Lima & Balanco, Paulo Antonio de Freitas, 2020. "Application of multivariate analysis as complementary instrument in studies about structural changes: An example of the multipliers in the US economy," Structural Change and Economic Dynamics, Elsevier, vol. 53(C), pages 189-207.
    3. Anton Pichler & J. Doyne Farmer, 2022. "Simultaneous supply and demand constraints in input–output networks: the case of Covid-19 in Germany, Italy, and Spain," Economic Systems Research, Taylor & Francis Journals, vol. 34(3), pages 273-293, July.
    4. Ana-Isabel Guerra & Ferran Sancho, 2011. "Revisiting The Original Ghosh Model: Can It Be More Plausible?," Working Papers 11.02, Universidad Pablo de Olavide, Department of Economics.
    5. Linn Svegrup & Jonas Johansson & Henrik Hassel, 2019. "Integration of Critical Infrastructure and Societal Consequence Models: Impact on Swedish Power System Mitigation Decisions," Risk Analysis, John Wiley & Sons, vol. 39(9), pages 1970-1996, September.
    6. Carmen Ramos Carvajal & Ana Salomé García-Muñiz & Blanca Moreno Cuartas, 2019. "Assessing Socioeconomic Impacts of Integrating Distributed Energy Resources in Electricity Markets through Input-Output Models," Energies, MDPI, vol. 12(23), pages 1-21, November.
    7. Oleksandr Galychyn & B.D. Fath & D. Wiedenhofer & E. Buonocore & P.P. Franzese, 2024. "An urban emergy footprint: Comparing supply- and use-extended input-output models for the case of Vienna, Austria," Post-Print hal-04507173, HAL.
    8. Cardoso, Larissa & Balbinotto Neto, Giácomo & Santiago, Flaviane Souza & de Souza, Kênia Barreiro & de Souza, Rafael Morais, 2022. "Sugar-sweetened beverages tax and obesity: Simulation of economic impacts from input-output analysis for Brazil," Revista Brasileira de Estudos Regionais e Urbanos, Associação Brasileira de Estudos Regionais e Urbanos (ABER), vol. 16(2), pages 162-183.
    9. Ana-Isabel Guerra & Ferran Sancho, 2010. "A Comparison Of Input-Output Models:Ghosh Reduces To Leontief (But 'Closing' Ghosh Makes It More Plausible)," UFAE and IAE Working Papers 823.10, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    10. Fidel Aroche Reyes & Marco Antonio Marquez Mendoza, 2021. "Demand-Driven and Supply-Sided Input–Output Models," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 19(2), pages 251-267, June.
    11. Louis de Mesnard, 2024. "Input-output price indexes: forgoing the Leontief and Ghosh models," Economic Systems Research, Taylor & Francis Journals, vol. 36(2), pages 201-225, April.
    12. da Silva Freitas, Lucio Flavio & de Santana Ribeiro, Luiz Carlos & de Souza, Kênia Barreiro & Hewings, Geoffrey John Dennis, 2016. "The distributional effects of emissions taxation in Brazil and their implications for climate policy," Energy Economics, Elsevier, vol. 59(C), pages 37-44.
    13. Meng, Bo & Yamano, Norihiko & Webb, Colin, 2010. "Vertical specialisation indicator based on supply-driven input-output model," IDE Discussion Papers 270, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    14. Christos Tsirimokos, 2025. "A Comprehensive Input–Output Analysis Model for Quantifying Environmental Linkages and Leakages: Evidence from Greece," Biophysical Economics and Resource Quality, Springer, vol. 10(1), pages 1-22, June.
    15. Shweta Singh & Bhavik R. Bakshi, 2014. "Accounting for Emissions and Sinks from the Biogeochemical Cycle of Carbon in the U.S. Economic Input-Output Model," Journal of Industrial Ecology, Yale University, vol. 18(6), pages 818-828, December.
    16. Casiano A. Manrique-de-Lara-Peñate & Dolores R. Santos-Peñate, 2017. "SAM updating using multi-objective optimization techniques," Papers in Regional Science, Wiley Blackwell, vol. 96(3), pages 647-667, August.
    17. Chen, Quanrun & Chen, Xikang & Pei, Jiansuo & Yang, Cuihong & Zhu, Kunfu, 2020. "Estimating domestic content in China’s exports: Accounting for a dual-trade regime," Economic Modelling, Elsevier, vol. 89(C), pages 43-54.
    18. Aroche Reyes, Fidel & Marquez Mendoza, Marco Antonio, 2013. "The Demand Driven and the Supply-Sided Input-Output Models. Notes for the debate," MPRA Paper 61132, University Library of Munich, Germany.
    19. Manuel De la Sen & Asier Ibeas & Santiago Alonso-Quesada, 2021. "On the Reachability of a Feedback Controlled Leontief-Type Singular Model Involving Scheduled Production, Recycling and Non-Renewable Resources," Mathematics, MDPI, vol. 9(17), pages 1-35, September.
    20. Pradeep V. Mandapaka & Edmond Y. M. Lo, 2023. "Assessing Shock Propagation and Cascading Uncertainties Using the Input–Output Framework: Analysis of an Oil Refinery Accident in Singapore," Sustainability, MDPI, vol. 15(2), pages 1-24, January.
    21. Richiardi, Matteo & Bronka, Patryk & Collado, Diego, 2020. "The Covid-19 crisis response helps the poor: the distributional and budgetary consequences of the UK lock-down," Centre for Microsimulation and Policy Analysis Working Paper Series CEMPA5/20, Centre for Microsimulation and Policy Analysis at the Institute for Social and Economic Research.
    22. Manresa, Antonio & Sancho, Ferran, 2013. "Supply and demand biases in linear interindustry models," Economic Modelling, Elsevier, vol. 33(C), pages 94-100.

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