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Measuring the economic landscape of Italy: target efficiency and control effectiveness

Author

Listed:
  • Yousaf Ali
  • Maurizio Ciaschini
  • Rosita Pretaroli
  • Claudio Socci

Abstract

Key industry analysis is traditionally used to evaluate the role, or the impact of a given industry in the economy, through the determination of convenient indices. In assessing the economic impact of a specific industry or a set of industries on an economy, input–output analysis has become a popular method. However there are problems in determining and analyzing all the information that can be obtained from this analytical approach. In this paper, we attempt rely on different contributions within the approach to provide a picture for identifying those industries that give a relevant contribution, either direct and indirect, to the output generation. We also propose two new indices extracted from the reduced form of the Leontief model, Leontief inverse, that show the relevance of each industry in determining the target-response of the highest policy control. The industry weights within these structures and their changes can give a picture on how the reaction of the structure changes through time. A comparison with existing methods is performed in an exercise on actual data on the Italian economy over the period of 1995–2011 focusing on the inter industry interactions. Copyright Associazione Amici di Economia e Politica Industriale 2015

Suggested Citation

  • Yousaf Ali & Maurizio Ciaschini & Rosita Pretaroli & Claudio Socci, 2015. "Measuring the economic landscape of Italy: target efficiency and control effectiveness," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 42(3), pages 297-321, September.
    • Handle: RePEc:spr:epolin:v:42:y:2015:i:3:p:297-321
    DOI: 10.1007/s40812-015-0012-7
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    Citations

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    Cited by:

    1. Lu Liu & Jinhua Li & Zhibin Jia & Jing Liu, 2022. "Industrial metabolism analysis of a Chinese wine industry chain based on material flow and input–output analyses," Journal of Industrial Ecology, Yale University, vol. 26(2), pages 448-461, April.
    2. 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.
    3. Yousaf Ali & Rosita Pretaroli & Muhammad Sabir & Claudio Socci & Francesca Severini, 2020. "Structural changes in carbon dioxide (CO2) emissions in the United Kingdom (UK): an emission multiplier product matrix (EMPM) approach," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 25(8), pages 1545-1564, December.
    4. Amir Maghssudipour & Marco Bellandi & Annalisa Caloffi, 2023. "The role of language in international trade and the “made in Italy”," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 50(3), pages 677-702, September.

    More about this item

    Keywords

    Key industry; Macro multiplier approach; Multiplier product matrix; Matrix synergetic interaction; C67; D57; L80;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • L80 - Industrial Organization - - Industry Studies: Services - - - General

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