Difference between revisions of "Input-Output Analysis"
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== Definition == | == Definition == | ||
| − | '''Input-Output Analysis''' is a subfield of economic analysis that is characterized by its employing [[Input-Output Model | models]] of economic systems as networks of exchange of goods and services between broadly defined economic sectors. | + | '''Input-Output Analysis''' is a subfield of economic analysis that is characterized by its employing [[Input-Output Model | models]] of economic systems as networks of exchange of goods and services between broadly defined economic sectors. The approach was first introduced by Leontief.<ref>Miller and Blair, 2009</ref> |
| + | |||
| + | The analysis tracks the interdependence among various producing and consuming sectors of an economy. Specifically it measures the relationship between a given set of demands for final goods and services and the inputs required to satisfy those demands.<ref>Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009</ref> | ||
== Usage == | == Usage == | ||
| − | Input-output analysis aims to answer | + | Input-output analysis aims to answer economic questions such as: what level of output X is required by industrial sectors that are interacting in complex [[Supply Chain | supply chains]] if a specific [[Final Demand]] vector <math>f</math> is to be produced. |
== See Also == | == See Also == | ||
| + | * [[Impact Analysis]] | ||
* [[Output Multiplier]] | * [[Output Multiplier]] | ||
* [[Environmental Impact]] | * [[Environmental Impact]] | ||
| + | |||
| + | == Further Resources == | ||
| + | * [https://www.openriskacademy.com/mod/page/view.php?id=800 Crash Course on Input-Output Model Mathematics] | ||
| + | * [https://www.openriskacademy.com/course/view.php?id=64 Introduction to Input-Output Models using Python] | ||
== References == | == References == | ||
Latest revision as of 12:32, 7 February 2024
Definition
Input-Output Analysis is a subfield of economic analysis that is characterized by its employing models of economic systems as networks of exchange of goods and services between broadly defined economic sectors. The approach was first introduced by Leontief.[1]
The analysis tracks the interdependence among various producing and consuming sectors of an economy. Specifically it measures the relationship between a given set of demands for final goods and services and the inputs required to satisfy those demands.[2]
Usage
Input-output analysis aims to answer economic questions such as: what level of output X is required by industrial sectors that are interacting in complex supply chains if a specific Final Demand vector 
is to be produced.
