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Shortcut formulas for output, income and employment multipliers
Abstract Although Input-Output models provide a method to measure the output, income, and employment impacts of an industry sector on its regional economy, the extensive data requirements make the construction of an accurate survey based input-output model extremely expensive. Using the “random matrix approach,” this paper derives and empirically tests shortcut formulas for output, income, and employment impacts that closely approximate the actual effects.
Shortcut formulas for output, income and employment multipliers
Abstract Although Input-Output models provide a method to measure the output, income, and employment impacts of an industry sector on its regional economy, the extensive data requirements make the construction of an accurate survey based input-output model extremely expensive. Using the “random matrix approach,” this paper derives and empirically tests shortcut formulas for output, income, and employment impacts that closely approximate the actual effects.
Shortcut formulas for output, income and employment multipliers
Katz, Joseph L. (author) / Burford, Roger L. (author)
1985
Article (Journal)
English
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