Structural Change in the USA and Japan: An Extended Input-Output Analysis

John M Gowdy
Authors registered in the RePEc Author Service: John Gowdy () and John Malcolm Gowdy

Economic Systems Research, 1991, vol. 3, issue 4, pages 413-23

Abstract: This paper examines structural change in the Japanese and U.S. economies over the period 1958-1986. Integrating the Leontief and Ghoshian input-output systems the author defines inner and final structure matrices, then interprets these structures in terms of input-output multipliers. Various multipliers are calculated and compared for the United States and Japan. He then discusses several measures of total connectedness for the two economies. All these measures show a marked shift away from manufacturing and toward services in both countries. Both countries experienced decreases in the ratio of total intermediate inputs to total industry output. In general, the results confirm other studies showing a greater increase in vertical integration in the Japanese economy compared with the United States. The increasing importance and connectedness of the government sector in Japan is also apparent. Copyright 1991 by Taylor and Francis Group

Date: 1991
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Persistent link: http://EconPapers.repec.org/RePEc:taf:ecsysr:v:3:y:1991:i:4:p:413-23

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