Abstract
This study analyzes changes in input-output coefficients for the West Virginia economy. The study uses the 1965 and 1975 survey-based West Virginia input-output tables. First, changes are reported on demand (input) and supply (output) sides, using direct coefficient and Leontief inverse matrices. Second, pictorial representations of input-output changes are analyzed using graph-theoretic techniques.
Highlights
Virginia input-output tables.' First, changes are reported on demand and supply sides, using direct coefficient and Leontief inverse matrices
Carter [4] has emphasized the reason for using both direct coefficient and Leontief inverse matrices in analyzing changing input-output structures: Measures of structural change based on inverse coefficients have some important advantages over direct coefficient comparisons
The results indicate that significant structural change occurred in the West
Summary
Aij"' = the Leontief inverse showing direct and indirect purchases from sector i by sector j in year t per dollar of delivery to final demand by sector j, and jYj. Finding the amount of inputs necessary for satisfying final demand for using 1965 technology requires the following: TO ssQir'vjYi. Using 1975 technology in equation (3) requires use of the 1975 Leontief inverse vs^i)-. Giarratani [6|, has emphasized,"the in put-output table is a neutral image of an economy, emphasizing neither supply nor demand forces but rather recording equilibrium values at one point in time."". Gross outlay(= output)in year t is solved for as a function of primary inputs as follows:. Intermediate inputs (yjZj and yjWj)—given in Table 2 with gross outlays—are determined by subtract ing value added (Vj)from gross outlay (Xj)in equation (7)for both years
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
