Modelling economic structures from a qualitative input–output perspective: Greece in 2005 and 2010

Fidel Aroche Reyes and Ana Salomé García Muñiz

Metroeconomica, 2018, vol. 69, issue 1, 251-269

Abstract: Sectors in economic systems are interdependent because they trade goods that consuming sectors use as inputs; the relative values of those supply and demand links define economic structures. Industries play different roles depending on the relative number of connections they maintain with one another and on whether those links are preferably demands or supplies. On this regards, we extend a stochastic social structural model into the economic context. Further, we apply it to recent Greek data, analysing the role of different technological intensity sectors. We show that our results help to explain some structural features of this economy.

Date: 2018
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