Structural change decomposition through a global sensitivity analysis of input-output models

Marco Percoco, Geoffrey Hewings and Lanfranco Senn

Economic Systems Research, 2006, vol. 18, issue 2, 115-131

Abstract: Sensitivity analysis has become an important tool to test the robustness of estimated economic models. In this paper we propose the use of simulation-based sensitivity analysis to identify the fundamental structure of the economy. To show the possibilities of this technique, we provide empirical evidence on the path of structural change occurring in the Chicago economy by running simulations for projected input-output tables over the period 1975-2010.

Keywords: Input-output models; sensitivity analysis; importance matrix (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (6)

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DOI: 10.1080/09535310600652919

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