Rethinking Input Output Analysis
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Rethinking Input-Output Analysis
This textbook helps students to understand the social, economic, and environmental importance of the mutual relations between industries in the same and in different regions and nations and demonstrates how to model these relations using regional, interregional, and international input-output (IO) models. It enables readers to extend these basic IO models with endogenous household expenditures, to employ supply-use tables (SUTs) that explicitly distinguish the products used and sold by industry, and to use social accounting matrices (SAMs) that detail the generation, redistribution and spending of income. In addition to the standard demand-driven IO quantity model and its accompanying cost-push IO price model, the book also discusses the economic assumptions and usefulness of the supply-driven IO quantity model and its accompanying revenue-pull IO price model. The final chapters highlight three main applications of the IO model: (1) economic impact analysis of negative supply shocks as caused by, for example, natural disasters, (2) linkages, key sector, and cluster analysis, (3) structural decomposition analysis, especially of regional, interregional, and international growth, and demonstrate the strengths and weaknesses of these IO applications. Written for graduate students of regional and spatial science as well as for economists and planners, this book provides a better understanding of the foundations, the power, the applicability and the limitations of input-output analysis. The second, completely revised edition expands on updating IO tables, modelling the disaster reconstruction phase, and includes an appendix on the necessary matrix algebra.
Economic Insights from Input–Output Tables for Asia and the Pacific
Author: Asian Development Bank
language: en
Publisher: Asian Development Bank
Release Date: 2022-07-01
This publication features a broad suite of statistical indicators characterizing the supply-and-use interactions of economic sectors within and across 25 economies of Asia and the Pacific. The indicators include sector- and economy-specific multipliers and linkages, trade orientation and openness, participation in global value chains, patterns of product specialization, and domestic agglomeration, among many others. Supplementing these analyses are special chapters on the economic impacts of the COVID-19 pandemic, the contribution of the digital economy, and the significance of activities related to real estate. All analyses and indicators draw on the Multiregional Input–Output database maintained by the Asian Development Bank.
Regional Policy
Regional policy is an essential in any government’s toolkit for promoting socioeconomic prosperity. It comes in many forms and can be used to target the development of weak and stronger regions. This textbook provides comprehensive and systematic coverage of regional policy, dealing with core theories and looking at contemporary challenges in practice, addressing regional policy across the world. Structured in four parts, the book opens with an exploration of regional policy’s characterisation, aims and rationale. The second part is devoted to issues of implementation and the instruments available to policymakers for intervention. The third part addresses regional policy evaluation, as well as statistics and modelling in policymaking. Finally, the book discusses how regional policy is applied in different contexts. Each chapter contains real-life examples of a regional policy topic in action and highlights supplementary topics for advanced readers. With its broad coverage of the subject, Regional Policy: Theory and Practice will prove a valuable resource for advanced students, researchers and practitioners in regional policy, regional economics, economic geography, planning and public policy.