World Input-Output Model

From Open Risk Manual

Definition

A World Input-Output Model, also a Global IO Model is a Multiregional Input-Output Model that covers substantially the entirety of the human economy (hence eliminating the Rest Of World Account).

History

An early example is Leontief’s own world model in the early 1970s which was sponsored by the United Nations.[1]

References

  1. R.E. Miller and P.D. Blair, Input–Output Analysis: Foundations and Extensions, Second Edition, Cambridge University Press, 2009