IDEAS home Printed from https://ideas.repec.org/a/taf/ecsysr/v15y2003i3p269-277.html
   My bibliography  Save this article

Some Potential Linkages for Input-Output Analysis with Flow-of-Funds

Author

Listed:
  • Lawrence Klein

Abstract

Three major, interrelated accounting statements, at the frontiers of quantitative economic analysis, are three interrelated systems, namely: (1) National income and product accounts (NIPA), (2) The input-output tableaux, (IO), and (3) flow-of- funds accounts (FF). The third-mentioned system is somewhat less available and used in only limited areas of macroeconomic analysis. This paper is mainly concerned with use of FF accounting systems. This system shows where financial resources originate, and where they go in support of real capital formation. In this respect, interest rates and other market-based financial rates are of key importance. While much macroeconomic analysis is based on the rates that fit the yield curve, showing the interest rate structure over various maturities of debt associated with a given degree of risk. In contrast, the FF accounts throw light on the whole spectrum of interest rates, across maturities and debt qualities. For example, in analysis of the real estate market and funding of capital formation there, it is important to have a full understanding of the course of mortgage rates of different maturities and qualities. In short, it is necessary to develop a full appreciation of supply and demand forces in the mortgage market, which often is not obviously related to movements of the operative rate for monetary policy, such as very short-term inter bank rates or call money rates. This paper attempts to provide material from the flow-of-funds accounts that would make it possible to analyze the movement of relevant mortgage rates or whatever other rates are needed to understand the financing of capital formation in real estate.

Suggested Citation

  • Lawrence Klein, 2003. "Some Potential Linkages for Input-Output Analysis with Flow-of-Funds," Economic Systems Research, Taylor & Francis Journals, vol. 15(3), pages 269-277.
    • Handle: RePEc:taf:ecsysr:v:15:y:2003:i:3:p:269-277
    DOI: 10.1080/0953531032000111772
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/0953531032000111772
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/0953531032000111772?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    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. Stone, Richard, 1997. "The Accounts of Society," American Economic Review, American Economic Association, vol. 87(6), pages 17-29, December.
    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. Mitsuo Yamada & Kiyoshi Fujikawa & Yoshito Umeda, 2019. "Scenario input–output analysis on the diffusion of fuel cell vehicles and alternative hydrogen supply systems," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 8(1), pages 1-22, December.
    2. Richters, Oliver, 2015. "Integrating Energy Use into Macroeconomic Stock-Flow Consistent Models," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 154764, September.
    3. Jiyoung Kim, 2017. "Inter-industry analysis in the Korean flow-of-funds accounts," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 6(1), pages 1-27, December.
    4. Jung Hoon Kim & Marc Lavoie, 2016. "A two-sector model with target-return pricing in a stock-flow consistent framework," Economic Systems Research, Taylor & Francis Journals, vol. 28(3), pages 403-427, September.
    5. Balwant Singh Mehta, 2020. "Inter-industry Linkages of ICT Sector in India," Indian Journal of Human Development, , vol. 14(1), pages 42-61, April.
    6. Hall, Stephen George & Roudoi, Andrei & Albu, Lucian Liviu & Lupu, Radu & Calin, Adrian Cantemir, 2014. "Lawrence R. Klein and the Economic Forecasting – A Survey," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 5-14, March.

    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. Suzuki, Tomo, 2003. "The accounting figuration of business statistics as a foundation for the spread of economic ideas," Accounting, Organizations and Society, Elsevier, vol. 28(1), pages 65-95, January.
    2. Wiese, Arthur M., 1994. "Contructing Data for Use in Applied General Equilibrium Models from the U.S. National Income and Product Accounts: An ERS Data Base," Staff Reports 278749, United States Department of Agriculture, Economic Research Service.
    3. Prof. Dr. Bernd Meyer & Gerd Ahlert & Roland Zieschank & Prof. Dr. Hans Diefenbacher, 2012. "Grundstrukturen eines nachhaltigen Wohlfahrtsmodells und Implikationen für die Politik," GWS Discussion Paper Series 12-6, GWS - Institute of Economic Structures Research.
    4. Yuri Biondi & Simone Righi, 2019. "Inequality, mobility and the financial accumulation process: a computational economic analysis," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 14(1), pages 93-119, March.
    5. D.P. Doessel & Ruth F.G. Williams, 2012. "The New Welfare Measures," Working Papers 2012.07, School of Economics, La Trobe University.
    6. Susana SANTOS, 2016. "The Informal Aspects of the Activity of Countries Studied Through Social Accounting and Socio-Demographic Matrices," Journal of Economic and Social Thought, KSP Journals, vol. 3(1), pages 49-78, March.
    7. Santos, Susana, 2013. "Socio-economic studies with social accounting and socio-demographic Matrices. An (attempted) application to Mozambique," MPRA Paper 47999, University Library of Munich, Germany.
    8. Marcus Noland & Sherman Robinson & Ligang Liu, 1999. "The economics of korean unification," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 3(3), pages 255-299.
    9. Alfredo J. Mainar Causape & Emanuele Ferrari & Scott McDonald, 2018. "Social accounting matrices: basic aspects and main steps for estimation," JRC Research Reports JRC112075, Joint Research Centre.
    10. Akhabbar, Amanar & Antille, Gabrielle & Fontela, Emilio & Pulido, Antonio, 2011. "Input-Output in Europe: Trends in Research and Applications," OEconomia, Editions NecPlus, vol. 2011(01), pages 75-99, March.
    11. Noland, Marcus & Robinson, Sherman & Scatasta, Monica, 1997. "Modeling economic reform in North Korea," Journal of Asian Economics, Elsevier, vol. 8(1), pages 15-38.
    12. Susana Santos, 2014. "Studying the informal aspects of the activity of countries with Social Accounting and Socio- Demographic Matrices," Working Papers Department of Economics 2014/17, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    13. Prof. Dr. Bernd Meyer & Gerd Ahlert & Roland Zieschank & Prof. Dr. Hans Diefenbacher, 2013. "Basic Structures and Political Implications of a Sustainable Welfare Model," GWS Discussion Paper Series 13-2, GWS - Institute of Economic Structures Research.
    14. Bolt, Jutta & Hillbom, Ellen, 2013. "Social Structures and Income Distribution in Colonial sub-Saharan Africa. The Case of Bechuanaland Protectorate 1936-1964," Lund Papers in Economic History 130, Lund University, Department of Economic History.
    15. Charles G. Renfro, 2009. "The Practice of Econometric Theory," Advanced Studies in Theoretical and Applied Econometrics, Springer, number 978-3-540-75571-5.
    16. Mr. Thomas F Alexander & Ms. Claudia H Dziobek & Tadeusz Galeza, 2018. "Sustainable Development Goals (SDGs) and GDP: What National Accounts Bring to the Table," IMF Working Papers 2018/041, International Monetary Fund.
    17. Garbinti, Bertrand & Goupille-Lebret, Jonathan & Piketty, Thomas, 2018. "Income inequality in France, 1900–2014: Evidence from Distributional National Accounts (DINA)," Journal of Public Economics, Elsevier, vol. 162(C), pages 63-77.
    18. Bryant John R. & Graham Patrick, 2015. "A Bayesian Approach to Population Estimation with Administrative Data," Journal of Official Statistics, Sciendo, vol. 31(3), pages 475-487, September.
    19. Ooms, M., 2008. "Trends in Applied Econometrics Software Development 1985-2008, an analysis of Journal of Applied Econometrics research articles, software reviews, data and code," Serie Research Memoranda 0021, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    20. M. Sirgy & Alex Michalos & Abbott Ferriss & Richard Easterlin & Donald Patrick & William Pavot, 2006. "The Qualityity-of-Life (QOL) Research Movement: Past, Present, and Future," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 76(3), pages 343-466, May.

    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:taf:ecsysr:v:15:y:2003:i:3:p:269-277. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CESR20 .

    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.