Abstract
The Leontief Input-Output model is a valuable tool for economics. Many economic research works are devoted to analysis of Input-Output table [1]-[5]. In this paper, we consider a separation of Copper production subsector from Mining of metal ores sector which is one of the 55 economic sectors of Input-Output Table of Mongolia. We examine impact of this subsector on other economic sectors using Input-Output table for 2016 and Physical Measurement Method of Cost Accounting [6]. We compute input coefficients of new extended matrix as well as inverse coefficients.
Highlights
Politicians can use the inter relations between the various quadrants of the Input-Output Table (IOT) to anticipate the implications of their measures taken
We have identified the role of some final categories for individual production sectors based on structural analysis and impact analysis
Input coefficients are calculated by dividing each entry of the input-output table by the corresponding column total and can be interpreted as the shares of costs for goods, services and primary inputs in total output
Summary
Politicians can use the inter relations between the various quadrants of the IOT to anticipate the implications of their measures taken. Keywords Input Output Table, Leontief Model, Economic Sectors The main goal of the Leontief Input-Output model is to balance the total amount of goods produced to the total demand for that production. The method that the Leontief Input-Output model uses is the linear algebra.
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