STRUCTURAL CHANGE IN THE AMERICAN ECONOMY, BY FUNCTIONAL INDUSTRY GROUP

Roger H. Bezdek and Constance R. Dunham

Review of Income and Wealth, 1978, vol. 24, issue 1, 93-104

Abstract: In this paper, we reclassify U.S. input‐output data along functional lines by analyzing the use of products represented in the detailed coefficients of the 1967 interindustry study. Our new categories comprise 11 producing “industries,” services (nonproduction), energy (nonproduction), marketing, distribution, other general, crude materials, semi‐finished materials, energy production, service production, and machinery replacement, furnishing products to 80 consuming industries. This functional input‐output system is then used to analyze postwar structural change in the American economy. Distinct shifts in the uses of different types of inputs are indicated and the implications of these results are discussed.

Date: 1978
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