A pluralist perspective on input-output modeling: Searching for commensurability

Jakob Kapeller and Franz Scharnreitner

No 54, ifso working paper series from University of Duisburg-Essen, Institute for Socioeconomics (ifso)

Abstract: This paper revisits paradigmatic differences in economics with a focus on input-output modeling. We show that such differences represent deep divides in economic theorizing and impact strongly on the magnitude and signs of expected effects. At the same time estimates from input-output models are crucial for understanding the expected economic impacts of additional investment undertaken in the course of a socio-ecological transformation aiming to render social provisioning processes carbonneutral. Taking the transformation of the German housing sector as a practical example this paper illustrates the divergence between typical results obtained and explores two central axiomatic variations of a neoclassical approach - the introduction of CES-functions as well as labor slack - that promise to explore some middle ground in between established approaches. Thereby we hope to better illuminate how different axiomatic setups imprint on estimates of the economic effects of ecologically motivated transformation efforts to provide applied researchers with better guidance when it comes to choosing foundational model assumptions.

Keywords: input-output modeling; general equilibrium; Leontief Inverse; economic pluralism; socioecological transformation (search for similar items in EconPapers)
JEL-codes: C67 C68 D57 (search for similar items in EconPapers)
Date: 2025
New Economics Papers: this item is included in nep-hme and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/328264/1/1938191552.pdf (application/pdf)

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:zbw:ifsowp:328264

Access Statistics for this paper

More papers in ifso working paper series from University of Duisburg-Essen, Institute for Socioeconomics (ifso) Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().