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The Economics of Input-Output Analysis (Hardcover)
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The Economics of Input-Output Analysis (Hardcover)
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Input-output analysis is the main tool of applied equilibrium
analysis. This textbook provides a systematic survey of the most
recent developments in input-output analysis and their
applications, helping us to examine questions such as: which
industries are competitive? What are the multiplier effects of an
investment program? How do environmental restrictions impact on
prices? Linear programming and national accounting are introduced
and used to resolve issues such as the choice of technique, the
comparative advantage of a national economy, its efficiency and
dynamic performance. Technological and environmental spillovers are
analysed, both at the national level (between industries) and the
international level (the measurement of globalisation effects). The
book is self-contained, but assumes some familiarity with calculus,
matrix algebra, and the microeconomic principle of optimizing
behaviour. Exercises and review questions are included at the end
of each chapter, and solutions at the end of the book.
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