Modeling the price changes in an economy with the use of input-output tools

T. Prykhod'ko

Economy and Forecasting, 2000, issue 1, 59-69

Abstract: The author develops a set of tools for factor analysis and forecasting of price changes in the economy based on the use of intersectoral inut-output model and designed for estimation of the influence of price fluctuations on material resources consumed and changes in wages, profits and other components of gross value-added by economic branches. The author analyses model-based calculations as regards the consequences of the increase in sectoral prices and the influence of change in factor incomes. The article investigates the problem of overcoming the deformations and value distortions in the structure of gross output and value-added that have aggravated in recent years under the conditions of the weaker state's role in regulation of macro-economic proportions.

Date: 2000
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