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Input-Output Economics

Table of Contents
I Aim of the study/paper
II Introduction
III The Beginning of Input-Output Economics
IV The Leontief Paradox
V The Input-Output Model Today
VI Calculation of the Input-Output Table Multipliers
VII Computer Program for the Inverse of a Matrix
VIII Regional Input-Output Analysis
VIIII The Use of Input-Output Analysis with Regard to the Environment
IX Conclusion
X Bibliography

List of Illustrative Material

I Input-Output Table for the US Economy in 1947
II Table: Labour and Capital needed to reduce exports and increase i
mport substitutes by $1 million in the United States in 1947
III Transaction Table
IV Direct Requirements Table
V Total Requirements Table
VI Output, Income and Employment Measures from Input-Output Analysis, an example
VII Example Questionnaire used in the Survey Approach to Input-Output Analysis

Abstract
The aim of this study, and thereby this paper, is to discover the field of input-output economics as an integral component of the wider trade theory.

We start therefore, with an introduction to the discipline, its history and its place today within the global economic context.

We move on to explain in detail the calculation of an input-output table as it is used for the total output calculations of a national as well as a regional economy. The concept of the multiplier will also be discussed here.

To conclude, we will present an example of the application of input- output economics to a specific, current issue namely, the environment.

An Introduction
The wider discipline of trade theory within which we find the field of input-output economics consists of four broader areas. Input-output economics, based on the Heckscher-Ohlin theory and defined by the findings of Wassily Leontief forms the biggest most well known part. However, there are other areas which deserve to be mentioned in order to round out the discussion. These other areas are the...