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- W1767371 abstract "This chapter discusses the generality of economic analysis. The decomposability of an input–output table is very stark if the analysis is shifted to approximations—if numerically small relationships are ignored. An input–output model represents a trivial model, providing data but no significant interindustry multiplications. Pure graph theory, emphasizing cycles and connectivity, is not helpful in probing the commodity structure of an economy; techniques are needed that utilize quantities associated with the graph and also ways of keeping track of the extent of approximation. For input–output, decomposition is a result, not of the use of graph theory, but of the computation of significance. For many sectors of an input–output model, significance can be identified by enumerating the large chains. This is an empirical property of input–output tables, applying to most of its sectors. The input–output table is a balanced set of accounts from which final demand and value added are removed by treating as exogenous." @default.
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- W1767371 date "1981-01-01" @default.
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- W1767371 title "PARTICULARIZING THE GENERALITY OF ECONOMIC ANALYSIS" @default.
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- W1767371 doi "https://doi.org/10.1016/b978-0-12-299680-1.50021-5" @default.
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