Neoclassical Input–Output Analysis

Thijs ten Raa and Pierre Mohnen

Chapter 10 in Input–Output Economics: Theory and Applications:Featuring Asian Economies, 2009, pp 151-179 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe Canadian comparative advantage is determined by the maximization of foreign earnings, subject to 10 input–output relations between 29 industries and 92 commodities. Free trade would boost the mining, quarrying & oil wells, tobacco, and machinery sectors. The structure of the economy is not self-sufficient, as a necessary and sufficient price condition shows. When commodities are aggregated into the 29 sectors, the shadow prices of the programs fulfill the value equations of the input–output analysis and admit a decomposition of Canadian inefficiency in 5% X-inefficiency, 15% allocative inefficiency, and 80% international specialization mismatch.

Keywords: Input–Output Analysis; National Accounts; Productivity; Performance; Canadian Economy; Chinese Economy; Indian Economy; Asian Economics (search for similar items in EconPapers)
Date: 2009
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Related works:
Journal Article: Neoclassical input-output analysis (1994)
Working Paper: Neoclassical Input-Output analysis (1992)
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