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Embedding New Technologies and Extending Time Horizons in Input-Output Analysis

Author

Listed:
  • Randall Jackson

    (Regional Research Institute, West Virginia University)

  • Christa Court

    (MRI Global)

Abstract

Input-output analysts are often confronted with requests for impacts assessments for economic shocks that stretch uncomfortably the assumptions of standard input-output modeling. This paper presents an approach to confronting a subset of these challenges straightforwardly in a way that ameliorates some of the more restrictive input-output assumptions, maintains the inter-industry detail of the input-output model, and enhances the representation of certain economic behaviors without the additional complexities of moving to more complex computable general equilibrium or conjoined econometric input-output models. We conclude with the observation that direct changes to the input-output framework most often necessitate further modifications requiring additional behavioral assumptions and decisions on the part of the modeler.

Suggested Citation

  • Randall Jackson & Christa Court, 2012. "Embedding New Technologies and Extending Time Horizons in Input-Output Analysis," Working Papers Research Paper 2012-01, Regional Research Institute, West Virginia University.
    • Handle: RePEc:rri:wpaper:2012rp01
    DOI: 10.4018/978-1-4666-4329-1.ch012
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    More about this item

    Keywords

    input-output; i-o; commodity by industry; modeling;
    All these keywords.

    JEL classification:

    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models

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