Theory and Methodologies: Input–Output, SCPM and CGE

Qisheng Pan () and Harry W. Richardson ()
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Qisheng Pan: Texas Southern University
Harry W. Richardson: Universidad Autónoma del Estado de Mexico

Chapter Chapter 2 in Regional Economic Impacts of Terrorist Attacks, Natural Disasters and Metropolitan Policies, 2015, pp 21-45 from Springer

Abstract: Abstract Input–output modeling of inter-industry analysis was introduced in English in the original work of Leontief (1928); it was first developed by Bogdanov in Russian in 1921. Leontief illustrated the circular flow of goods in an economy by examining the production, distribution and consumption of two sectors of commodities, e.g., consumption goods and production goods in an input–output system. This two-sector system was extended to incorporate multiple sectors in a real-world economic system (Leontief 1936, 1941, 1951) when he released a series of input–output tables of the American economy based on national accounting data. These models were elaborated in the standard Leontief input-out model. An economic system consists of a number of industries that are classified as industrial sectors. Each sector uses inputs from itself and from other industrial sectors. Distinguished from other interindusty models, the Leontief input–output model assumes that a given product is only served by one sector, no joint products are allowed, and the quantity of each input served in production by any industrial sector depends on the level of output of that sector only (Clark 1959, Chap. 2 ).

Keywords: Computable General Equilibrium; Final Demand; Computable General Equilibrium Model; Traffic Analysis Zone; Freight Flow (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/978-3-319-14322-4_2

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