IDEAS home Printed from https://ideas.repec.org/a/eee/streco/v22y2011i3p204-226.html
   My bibliography  Save this article

Balance, Manhattan norm and Euclidean distance of industrial policies for the US

Author

Listed:
  • Ciaschini, Maurizio
  • Pretaroli, Rosita
  • Socci, Claudio

Abstract

The design of policy controls oriented to stimulate specific industrial activities highlights a set of problems that involve the choice of the macro variables that make up the policy control, the determination of their aggregate amount as well as their sectoral composition and their inner balance. In a multi-sectoral framework these issues require a careful identification of the relationship between the scale (aggregate value) and structure (inner composition) of both the policy control and policy target. The Macro Multiplier approach identifies the complete set of aggregate scalars that are hidden within the complexity of the multi industry relations and how they are strictly linked with predetermined structures both of the policy control and of the policy target. The application exercise is performed on an Input-Output table for the US for the year 2007, the applied exercise focuses on the government strategies for the "Manufacture of Motor vehicles" sector.

Suggested Citation

  • Ciaschini, Maurizio & Pretaroli, Rosita & Socci, Claudio, 2011. "Balance, Manhattan norm and Euclidean distance of industrial policies for the US," Structural Change and Economic Dynamics, Elsevier, vol. 22(3), pages 204-226, September.
    • Handle: RePEc:eee:streco:v:22:y:2011:i:3:p:204-226
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0954349X11000324
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Shiro Takeda, 2010. "A computable general equilibrium analysis of the welfare effects of trade liberalization under different market structures," International Review of Applied Economics, Taylor & Francis Journals, vol. 24(1), pages 75-93.
    2. repec:ebl:ecbull:v:28:y:2004:i:18:p:a0 is not listed on IDEAS
    3. Neri Salvadori (ed.), 2006. "Economic Growth and Distribution," Books, Edward Elgar Publishing, number 3798.
    4. Maurizio Ciaschini & Rosita Pretaroli & Claudio Socci, 2009. "A Convenient Multisectoral Policy Control For Ict In The Us Economy," Metroeconomica, Wiley Blackwell, vol. 60(4), pages 660-685, November.
    5. Ciaschini, Maurizio & Socci, Claudio, 2007. "Final demand impact on output: A macro multiplier approach," Journal of Policy Modeling, Elsevier, vol. 29(1), pages 115-132.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Claudio Socci & Maurizio Ciaschini & Andrea Karim El Meligi, 2014. "CO2 emissions and value added change: assessing the trade-off through the macro multiplier approach," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2014(2), pages 49-74.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Maurizio Ciaschini & Francesca Severini, 2010. "The Economic Impact of the Green Certificate Market through the Macro Multiplier Approach," Working Papers 2010.105, Fondazione Eni Enrico Mattei.
    2. Irfan Ahmed & Claudio Socci & Francesca Severini & Qaiser Rafique Yasser & Rosita Pretaroli, 2018. "The structures of production, final demand and agricultural output: a Macro Multipliers analysis of the Nigerian economy," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 35(3), pages 691-739, December.
    3. Claudio Socci & Maurizio Ciaschini & Lorenzo Toffoli, 2015. "Education services and reallocation of government expenditure," International Journal of Education Economics and Development, Inderscience Enterprises Ltd, vol. 6(1), pages 38-58.
    4. Y. Ali, M. Ciaschini & R. Pretaroli & F. Severini & C. Socci, 2014. "Economic relevance of Tourism industry: the Italian case," Working Papers 72-2014, Macerata University, Department of Finance and Economic Sciences, revised Dec 2015.
    5. Yousaf Ali & Claudio Socci & Rosita Pretaroli & Francesca Severini, 2018. "Economic and environmental impact of transport sector on Europe economy," Asia-Pacific Journal of Regional Science, Springer, vol. 2(2), pages 361-397, August.
    6. Yousaf Ali & Maurizio Ciaschini & Claudio Socci & Rosita Pretaroli & Muhammad Sabir, 2019. "Identifying the sources of structural changes in CO2 emissions in Italy," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 36(2), pages 509-526, July.
    7. Maurizio Ciaschini & Andrea Karim El Meligi & Nicoleta Anca Matei & Rosita Pretaroli & Claudio Socci, 2015. "European Structural Funds and Labor Force Requirement in Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 134-153, December.
    8. Eugenio Caverzasi & Antoine Godin, 2013. "Stock-flow Consistent Modeling through the Ages," Economics Working Paper Archive wp_745, Levy Economics Institute.
    9. Yong‐Shik Lee, 2020. "New general theory of economic development: Innovative growth and distribution," Review of Development Economics, Wiley Blackwell, vol. 24(2), pages 402-423, May.
    10. Meacci, Ferdinando, 2020. "The Link Between Capital Accumulation And Increasing Wages In An Updated Version Of Smith’S Theory Of Population," Journal of the History of Economic Thought, Cambridge University Press, vol. 42(3), pages 385-400, September.
    11. Balaguer, Jacint & Ripollés, Jordi, 2014. "Are the transport fuel retail markets regionally integrated in Spain? Evidence from price transmission," Economic Modelling, Elsevier, vol. 42(C), pages 323-332.
    12. Irfan Ahmed & Claudio Socci & Francesca Severini & Qaiser Rafique Yasser & Rosita Pretaroli, 2018. "Forecasting investment and consumption behavior of economic agents through dynamic computable general equilibrium model," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 4(1), pages 1-21, December.
    13. Christos Pierros, 2021. "Assessing the internal devaluation policy implemented in Greece in an empirical stock‐flow consistent model," Metroeconomica, Wiley Blackwell, vol. 72(4), pages 905-943, November.
    14. Wei, Taoyuan & Zhu, Qin & Glomsrød, Solveig, 2018. "How Will Demographic Characteristics of the Labor Force Matter for the Global Economy and Carbon Dioxide Emissions?," Ecological Economics, Elsevier, vol. 147(C), pages 197-207.
    15. Jean‐Bernard Chatelain, 2010. "The Profit–Investment–Unemployment Nexus And Capacity Utilization In A Stock‐Flow Consistent Model," Metroeconomica, Wiley Blackwell, vol. 61(3), pages 454-472, July.
    16. Christos Pierros, 2020. "A Labor Market-Augmented Empirical Stock-Flow Consistent Model Applied to the Greek Economy," Economics Working Paper Archive wp_949, Levy Economics Institute.
    17. Sergio Cesaratto, 2013. "The implications of TARGET2 in the European balance of payments crisis and beyond," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(3), pages 359-382.
    18. Russo, Alberto, 2011. "Towards a stochastic model with heterogeneous agents and class division," MPRA Paper 31733, University Library of Munich, Germany.
    19. Parui, Pintu, 2021. "Financialization and endogenous technological change: A post-Kaleckian perspective," Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 221-244.
    20. Lucrezia Fanti, 2018. "An AB-SFC Model of Induced Technical Change along Classical and Keynesian Lines," Working Papers 3/18, Sapienza University of Rome, DISS.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:streco:v:22:y:2011:i:3:p:204-226. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/525148 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.