Embedding New Technologies and Extending Time Horizons in Input-Output Analysis

Randall Jackson () and Christa Court ()
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Christa Court: MRI Global

Working Papers from Regional Research Institute, West Virginia University

Abstract: Input-output analysts are often confronted with requests for impacts assessments for economic shocks that stretch uncomfortably the assumptions of standard input-output modeling. This paper presents an approach to confronting a subset of these challenges straightforwardly in a way that ameliorates some of the more restrictive input-output assumptions, maintains the inter-industry detail of the input-output model, and enhances the representation of certain economic behaviors without the additional complexities of moving to more complex computable general equilibrium or conjoined econometric input-output models. We conclude with the observation that direct changes to the input-output framework most often necessitate further modifications requiring additional behavioral assumptions and decisions on the part of the modeler.

Keywords: input-output; i-o; commodity by industry; modeling (search for similar items in EconPapers)
JEL-codes: C67 R15 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2012-01
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https://doi.org/10.4018/978-1-4666-4329-1.ch012

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Persistent link: https://EconPapers.repec.org/RePEc:rri:wpaper:2012rp01

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