Economic Systems Research · 2013 · 134 citations · 32 references
Social SciencesBusiness EconomicsEconomicsEconometricsMacroeconomicsMicroeconomicsEconomic AnalysisEconomic Impact AnalysisEconomic Impact AssessmentInput-output AnalysisMicroeconometricsInput-output AccountsInput-output BalancingInput-output Table ConstructionLeontief Input-output ModelOutput Expansion
In this paper, we generalize hypothetical extraction techniques. We suggest that the effect of certain economic phenomena can be measured by removing them from an input–output (I–O) table and by rebalancing the set of I–O accounts. The difference between the two sets of accounts yields the phenomenon's effect (or importance). We suggest that the approach can be used to measure the effect of changes in intermediate output, which are otherwise not easily rationalized within a Leontief framework. Of course, it can also be used to estimate the possible effects of the shutdown of a particular establishment or other identifiable segment of an economy. We demonstrate some properties and potential of the approach using the annual 2006 US I–O accounts.
32
Economic Inquiry · 1970 · 1.5K citations
On Deriving the Inverse of a Sum of Matrices
H. V. Henderson, S. R. Searle · SIAM Review · 1981 · 900 citations