Commodity Technology Assumption
From Open Risk Manual
Definition
Commodity Technology Assumption. By this assumption, the production of each commodity requires a unique set of inputs no matter which industry produces that commodity. This assumption provides the basis for the redefinition of secondary products in the I-O accounts, whereby the secondary product and its associated inputs are redefined from the industry that produced it to the industry in which it is the primary product. See also Handbook of Input-Output Table Compilation and Analysis, Studies in Methods, Handbook of National Accounting, Series F, No. 74, (New York: United Nations, 1999): 91.[1]
References
- ↑ Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009
