Measuring the economic landscape of Italy: target efficiency and control effectiveness

Yousaf Ali, Maurizio Ciaschini, Rosita Pretaroli and Claudio Socci

Economia e Politica Industriale: Journal of Industrial and Business Economics, 2015, vol. 42, issue 3, 297-321

Abstract: Key industry analysis is traditionally used to evaluate the role, or the impact of a given industry in the economy, through the determination of convenient indices. In assessing the economic impact of a specific industry or a set of industries on an economy, input–output analysis has become a popular method. However there are problems in determining and analyzing all the information that can be obtained from this analytical approach. In this paper, we attempt rely on different contributions within the approach to provide a picture for identifying those industries that give a relevant contribution, either direct and indirect, to the output generation. We also propose two new indices extracted from the reduced form of the Leontief model, Leontief inverse, that show the relevance of each industry in determining the target-response of the highest policy control. The industry weights within these structures and their changes can give a picture on how the reaction of the structure changes through time. A comparison with existing methods is performed in an exercise on actual data on the Italian economy over the period of 1995–2011 focusing on the inter industry interactions. Copyright Associazione Amici di Economia e Politica Industriale 2015

Keywords: Key industry; Macro multiplier approach; Multiplier product matrix; Matrix synergetic interaction; C67; D57; L80 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://hdl.handle.net/10.1007/s40812-015-0012-7 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:epolin:v:42:y:2015:i:3:p:297-321

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40812

DOI: 10.1007/s40812-015-0012-7

Access Statistics for this article

Economia e Politica Industriale: Journal of Industrial and Business Economics is currently edited by C. Cambini, M.G. Colombo, L. Piscitello, L. Rondi and A. Zanfei

More articles in Economia e Politica Industriale: Journal of Industrial and Business Economics from Springer, Associazione Amici di Economia e Politica Industriale
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().