Input-output system and economic structure change

Author: Xia Ming
Publisher:
Publish Date: 2006-05-01
Features: Unlike other quantitative methods such as input-output analysis and econometrics, it is not only an empirical research method but also has an inseparable connection with economic theory, and it is even a theory in itself. However, this has long been insufficiently recognized. This book systematically introduces and discusses several aspects of the connection between the input-output system and economic theory in China, including the equilibrium and stability of the Leontief system, the Sraffian system, the structured matrix multiplier of Keynesian theory, and the issue of technological choice, among others. It provides a comprehensive analysis and explanation of classic properties of the Leontief system, such as "dual stability" and the "no substitution theorem." The latter part of the book attempts to apply the multi-sector Leontief system directly and indirectly to theoretical and empirical research on structural transformation. This book can serve as a reference for teaching and research on input-output analysis, as well as for researchers in economic studies.