National Accounts, Planning and Prices

Thijs ten Raa

Chapter 1 in Input–Output Economics: Theory and Applications:Featuring Asian Economies, 2009, pp 3-16 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractInput–output analysis is the study of quantitative relations between the output levels of the various sectors of an economy, a practical tool for national accounting and planning. Neoclassical economics focusses on the pure theory of the price mechanism, equilibrating supply and demand in free market economies. This paper consolidates the two approaches. The mathematical theory of linear programming is used to establish price relations in an input–output model which match neoclassical results.

Keywords: Input–Output Analysis; National Accounts; Productivity; Performance; Canadian Economy; Chinese Economy; Indian Economy; Asian Economics (search for similar items in EconPapers)
Date: 2009
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