Difference between revisions of "Closed Input-Output Model"
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== Definition == | == Definition == | ||
| − | A '''Closed Input-Output Model''' is any [[Input-Output Model]] that includes | + | A '''Closed Input-Output Model''' is any [[Input-Output Model]] that includes all modeled economic transactions and transfers between all economic agents. |
| + | |||
| + | In terms of network or graph language, a closed input-output model does not involve any source or sink nodes. | ||
== Usage == | == Usage == | ||
| − | As a simplified model that disregards the external | + | As a simplified model that disregards the external [[Value Added]] contribution and [[Final Demand]] and focuses on inter-industrial relationships. |
== See Also == | == See Also == | ||
Latest revision as of 15:55, 16 November 2023
Contents
Definition
A Closed Input-Output Model is any Input-Output Model that includes all modeled economic transactions and transfers between all economic agents.
In terms of network or graph language, a closed input-output model does not involve any source or sink nodes.
Usage
As a simplified model that disregards the external Value Added contribution and Final Demand and focuses on inter-industrial relationships.
See Also
