Arbeitspapier
Prices and Factor Demand in an Endogenized Input-Output Model
This paper combines factor demand functions and price equations derived from a Generalized Leontief cost function with the traditional input - output price model. At the first level of aggregation Generalized Leontief cost functions for the factors intermediate input and labour are set up for the manufacturing industries of the Austrian economy. These functions determine factor demand for materials and labour as well as output prices for given input prices. At the second level of aggregation the intermediate demand input is split up according to the input - output structure. There the repercussion of domestic prices on input prices as described in the traditional input - output - price model is taken into account. Model simulations reveal the link between the technical coefficients and the econometric equations for domestic prices, input prices and factor demand.
- Language
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Englisch
- Bibliographic citation
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Series: WIFO Working Papers ; No. 135
- Classification
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Wirtschaft
- Subject
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Input - output price model
Generalized Leontief cost functions
endogenous technical coefficients
Input-Output-Analyse
Faktornachfrage
Faktorpreis
Kostenfunktion
Preis
Theorie
- Event
-
Geistige Schöpfung
- (who)
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Kratena, Kurt
- Event
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Veröffentlichung
- (who)
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Austrian Institute of Economic Research (WIFO)
- (where)
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Vienna
- (when)
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2000
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Kratena, Kurt
- Austrian Institute of Economic Research (WIFO)
Time of origin
- 2000
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Applying the input-output price model to identify inflation processes
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Technology adoption in input-output networks
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Relations Input-Output
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Input-Output Methods in Forecasting
What is input output logic? : input/output logic, constraints, permissions
Applying the input-output price model to identify inflation processes
HYBRID INTERREGIONAL INPUT-OUTPUT CONSTRUCTION METHODS: APPLIED TO THE SEVEN REGION SPANISH INPUT-OUTPUT TABLE
Income differences and input-output structure
Metropolitan Multiregional Input-Output Modelling Framework
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