Direct and indirect transactions and requirements

Husna Betul Coskun

No w2a4d, OSF Preprints from Center for Open Science

Abstract: The indirect transactions between sectors of an economic system has been a long-standing open problem. There have been numerous attempts to define and mathematically formulate this concept in various other scientific fields in literature as well. The existing indirect effects formulations, however, can neither determine the direct and indirect transactions separately nor quantify these transactions between two individual sectors of interest in an economic system. The novel concepts of the direct, indirect and total transactions} between any two sectors are introduced, and the corresponding requirements matrices are systematically formulated relative to both final demands and gross outputs, based on the system decomposition theory. It is demonstrated theoretically and through illustrative examples that the proposed requirements matrices accurately define and quantify the corresponding direct, indirect, and total interactions and relationships. The proposed requirements matrices for the US economy using aggregated input-output tables for multiple years are then presented and briefly analyzed.

Date: 2019-11-23
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://osf.io/download/5dd8f7f6fbde36000b900c1b/

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:w2a4d

DOI: 10.31219/osf.io/w2a4d

Access Statistics for this paper

More papers in OSF Preprints from Center for Open Science
Bibliographic data for series maintained by OSF ().