Arbeitspapier
Equivalence between input-output and value-added economies
I show that, under standard assumptions, input-output (or network) economies are equivalent to value-added ones. Using a generalized version of the model in Acemoglu et al. (Econometrica, 2012), I show that the degree of influence of a given sector is equal to its value added share. This occurs because - by using the input-output network - the output of a given sector indirectly contributes to the production of the final consumption of the rest of the sectors, which constitutes the source of its value. Thus, value-added economies deliver the same aggregate response to sectoral shocks than input-output ones. Despite this equivalence, the Leontief multiplier, which applies to sales and gross output, is intact.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Papers ; No. 2017-13
- Klassifikation
-
Wirtschaft
General Aggregative Models: General
General Aggregative Models: Social Accounting Matrix
Input-Output Models
- Thema
-
Input-output
Degree of influence
Value added
Network economies
Sectoral shocks
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Leal, Julio
- Ereignis
-
Veröffentlichung
- (wer)
-
Banco de México
- (wo)
-
Ciudad de México
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Leal, Julio
- Banco de México
Entstanden
- 2017
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