THE EFFECTS OF REAL MULTIPLIER VERSUS RELATIVE PRICE CHANGES ON OUTPUT AND INCOME GENERATION IN INPUT-OUTPUT MODELS Reportar como inadecuado




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When using input-output analysis to measure the effect of exogenouschanges in the value of final demand, it is important toidentify the degree to which the change in value is due tochanges in prices or to changes in the volume of demand. A modifiedinput-output model is presented to incorporate changes inprices as well as changes in the volume of final demand. The empiricalresults demonstrate that changes in the volume of finaldemand stimulate output and income directly, while changes inprice have no effect on output but do influence income levels.

Keywords: Input-output ; impact analysis ; inflation

Subject(s): Production Economics

Research Methods/ Statistical Methods

Issue Date: 1977-01

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/147775 Published in: Agricultural Economics Research, Volume 29, Number 1 Page range: 1-6

Total Pages: 6

Record appears in: United States Department of Agriculture (USDA) > Economic Research Service > Agricultural Economics Research





Autor: Lee, Gene K. ; Schluter, Gerald E.

Fuente: http://ageconsearch.umn.edu/record/147775?ln=en







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