Input-Output Analysis
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Contents
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.
A type of applied economic analysis that tracks the interdependence among various producing and consuming sectors of an economy. More particularly, it measures the relationship between a given set of demands for final goods and services and the inputs required to satisfy those demands.[1]
Usage
Input-output analysis aims to answer fundamental 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 F is to be produced.
See Also
References
- ↑ Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009
