Wassily Leontief and Input-Output Economics by Erik Dietzenbacher, Michael L. Lahr

By Erik Dietzenbacher, Michael L. Lahr

Wassily Leontief was once the founder of input-output economics, for which he acquired the Nobel Prize in 1973. This e-book deals a set of papers in his reminiscence by means of his scholars and shut colleagues. the 1st half focuses upon Leontief as anyone and pupil in addition to his own contributions to economics; the second one comprises new theoretical and empirical learn encouraged by means of Leontief's efforts. the gathering deals a finished pattern of the present country of interindustry economics and is probably going to entice quite a lot of pros.

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The data for the multiregional model are easily obtainable from census data in the United States. That is where Polenske (1970) and her research team at the Harvard Economic Research Project (HERP) obtained much of the data for the US MRIO model, the first full implementation of the LeontiefStrout multiregional input-output framework. The second unique characteristic of the Leontief-Strout model is the use of gravity coefficients instead of column coefficients to designate flows between regions. Leontief and Strout maintained that the flow of a good between region g and region h is equal to the amount of production in region g and amount of consumption in region h, divided by the overall production/consumption in the country.

Carter, Martin C. Kohli, Ali Shirvani-Mahdavi and two anonymous referees. The author, however, takes full responsibility for the views presented. Earlier versions of this paper were presented at the Allied Social Science Association meetings, Union of Radical Political Economists, in Boston, MA, January 8, 2000, and at the Thirteenth International Conference on Input-Output Techniques, Macerata, Italy, August 21–25, 2000. Both were special sessions in memory of Wassily W. Leontief. references Ayres, R.

A. Morgan, K. R. Polenske, D. Simpson and E. Tower (1965) The economic impact – industrial and regional – of an arms cut, Review of Economics and Statistics, 47, 217–241. Leontief, W. , and A. Strout (1963) Multiregional input-output analysis, in T. ) Structural Interdependence and Economic Development (New York, St Martin’s Press), 119–150. Leontief’s “magnificent machine” and other contributions 29 Madresehee, M. (1993) Factor prices, factor proportions, and factor endowments in the Pacific Northwest: a regional test of the Heckscher-Ohlin theorem for the N-factor case, Annals of Regional Science, 27, 143–152.

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