Difference between revisions of "Proportionality Principle"
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== Definition == | == Definition == | ||
| − | '''Proportionality Principle'''. One of the three fundamental principles underlying the I-O accounts. Under this principle, all inputs consumed by an I-O industry are a linear function of the level of output - that is, the inputs consumed vary in direct proportion to output and there are no economies of scale. The other two principles are | + | '''Proportionality Principle'''. One of the three fundamental principles underlying the I-O accounts. Under this principle, all inputs consumed by an I-O industry are a linear function of the level of output - that is, the inputs consumed vary in direct proportion to output and there are no economies of scale. |
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| + | The other two principles are [[Consistency Principle]] and [[Homogeneity 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 23:55, 13 November 2023
Definition
Proportionality Principle. One of the three fundamental principles underlying the I-O accounts. Under this principle, all inputs consumed by an I-O industry are a linear function of the level of output - that is, the inputs consumed vary in direct proportion to output and there are no economies of scale.
The other two principles are Consistency Principle and Homogeneity Principle.[1]
References
- ↑ Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009
