Shortcut formulas for output,income and employment multipliers |
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Authors: | Joseph L Katz Roger L Burford |
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Affiliation: | (1) Georgia State University, USA;(2) Louisiana State University, USA |
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Abstract: | Although Input-Output models provide a method to measure the output, income, and employment impacts of an industry sector on its regional economy, the extensive data requirements make the construction of an accurate survey based input-output model extremely expensive. Using the random matrix approach, this paper derives and empirically tests shortcut formulas for output, income, and employment impacts that closely approximate the actual effects. |
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