Difference between revisions of "Homogeneity Principle"
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== Definition == | == Definition == | ||
| − | '''Homogeneity Principle'''. One of the three fundamental principles underlying the I-O accounts. Under this principle, each industry’s output is produced with a unique set of inputs or a unique production function. The other two principles are | + | '''Homogeneity Principle'''. One of the three fundamental principles underlying the I-O accounts. Under this principle, each industry’s output is produced with a unique set of inputs or a unique production function. |
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| + | The other two principles are the [[Consistency Principle]] and the [[Proportionality Principle]].<ref>Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009</ref> | ||
== References == | == References == | ||
<references/> | <references/> | ||
| − | [[Category: | + | [[Category:EEIO]] |
Latest revision as of 23:33, 13 November 2023
Definition
Homogeneity Principle. One of the three fundamental principles underlying the I-O accounts. Under this principle, each industry’s output is produced with a unique set of inputs or a unique production function.
The other two principles are the Consistency Principle and the Proportionality Principle.[1]
References
- ↑ Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009
