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A convenient multi sectoral policy control for ICT in the USA economy

Author

Listed:
  • Maurizio Ciaschini

    (not available)

  • Rosita Pretaroli

    (not available)

  • Claudio Socci

    (Università di Macerata)

Abstract

Through the application of the Macro Multiplier approach on a multisectoral model for the USA, the paper identifies the ”convenient” structure of a policy control on final demand, oriented to a particular policy objective (industry output), focusing on the Information and Communication Technology sector (ICT sector). The method used is based on a specific matrix decomposition that allows for the quantification of an aggregated scale-effect, called Macro Multiplier, that affects the objective (endogenous) variable each time the policy (exogenous) control assumes a specific structure. This type of quantification is of aggregated type, since the scalars obtained are valid for all sectoral components of both the policy variable and the objective variable. But it does not violate the conditions put forward by the aggregation theory, since the aggregated Macro Multipliers are consistent with the multi-sectoral features of the model. Once identified the structures and the associated Macro Multipliers, the policy maker can have a complete picture of the patterns of the objective variable that can be attained and determine a ”convenient” structure of the policy variable that compels the model towards those patterns. This is done choosing either one structure or a combination of the structures identified for the policy control. The application is done on data of the United State (U.S.) Input-Output table (Industry by Industry) for the year 2005. ICT manufacturing and service sectors are built following the indications of the OECD.

Suggested Citation

  • Maurizio Ciaschini & Rosita Pretaroli & Claudio Socci, 2007. "A convenient multi sectoral policy control for ICT in the USA economy," Working Papers 11-2007, Macerata University, Department of Studies on Economic Development (DiSSE), revised Mar 2009.
  • Handle: RePEc:mcr:wpaper:wpaper00011
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    References listed on IDEAS

    as
    1. Jeffrey I. Bernstein, 2000. "Canadian Manufacturing, U.S. R&D Spillovers, And Communication Infrastructure," The Review of Economics and Statistics, MIT Press, vol. 82(4), pages 608-615, November.
    2. Dale W. Jorgenson, 2001. "Information Technology and the U.S. Economy," American Economic Review, American Economic Association, vol. 91(1), pages 1-32, March.
    3. Ciaschini, Maurizio & Socci, Claudio, 2007. "Final demand impact on output: A macro multiplier approach," Journal of Policy Modeling, Elsevier, vol. 29(1), pages 115-132.
    4. Ciaschini, Maurizio, 1989. "Scale and structure in economic modelling," Economic Modelling, Elsevier, vol. 6(4), pages 355-373, October.
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    Cited by:

    1. Maurizio Ciaschini, Rosita Pretaroli, Francesca Severini, Claudio Socci, 2010. "The economic impact of the Green Certificate market through the Macro Multiplier approach," Working Papers 26-2010, Macerata University, Department of Studies on Economic Development (DiSSE), revised May 2010.
    2. Maurizio Ciaschini & Andrea Karim El Meligi & Nicoleta Anca Matei & Rosita Pretaroli & Claudio Socci, 2015. "European Structural Funds and Labor Force Requirement in Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 134-153, December.
    3. Ciaschini, Maurizio & Pretaroli, Rosita & Socci, Claudio, 2011. "Balance, Manhattan norm and Euclidean distance of industrial policies for the US," Structural Change and Economic Dynamics, Elsevier, vol. 22(3), pages 204-226, September.
    4. Y. Ali, M. Ciaschini & R. Pretaroli & F. Severini & C. Socci, 2014. "Economic relevance of Tourism industry: the Italian case," Working Papers 72-2014, Macerata University, Department of Finance and Economic Sciences, revised Dec 2015.

    More about this item

    Keywords

    IO model; Structural Change; Multipliers Analysis; ICT;

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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