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Rural Development Through Input–Output Modeling

In: Advances in Modeling Agricultural Systems

Author

Listed:
  • Konstadinos Mattas

    (Aristotle University of Thessaloniki)

  • Efstratios Loizou
  • Vangelis Tzouvelekas

Abstract

Input–output (I-O) models developed in the late 1930s and ever since have been applied extensively. Though the contribution of I-O models in depicting economic transactions was recognized early on, computational constraints have limited their use. This is mainly because of huge data requirements, difficulties in computational handling, and lack of software developed and adjusted for I-O analysis. Today, I-O analysis can be applied extensively in regional and local economies and can provide valuable information on growth and investment priorities, sectoral interrelationships, and policy impacts. I-O analysis has been employed in research on both agriculture and rural development to evaluate the importance of agricultural activities, the interdependence among agriculture and the rest of the economy, the intensity of the rate of growth, and the impacts of policy interventions.

Suggested Citation

  • Konstadinos Mattas & Efstratios Loizou & Vangelis Tzouvelekas, 2009. "Rural Development Through Input–Output Modeling," Springer Optimization and Its Applications, in: Panos M. Pardalos & Petraq J. Papajorgji (ed.), Advances in Modeling Agricultural Systems, pages 273-295, Springer.
    • Handle: RePEc:spr:spochp:978-0-387-75181-8_13
    DOI: 10.1007/978-0-387-75181-8_13
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    Cited by:

    1. Giannakis, Elias & Efstratoglou, Sophia & Psaltopoulos, Demetris, 2014. "Modelling the impacts of alternative CAP scenarios through a system dynamics approach," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 15(2), pages 1-20.
    2. Piotr Jurga & Efstratios Loizou & Stelios Rozakis, 2021. "Comparing Bioeconomy Potential at National vs. Regional Level Employing Input-Output Modeling," Energies, MDPI, vol. 14(6), pages 1-17, March.
    3. Eduardo Malagon-Zaldua & Mirene Begiristain-Zubillaga & Aintzira Onederra-Aramendi, 2018. "Measuring the Economic Impact of Farmers’ Markets on Local Economies in the Basque Country," Agriculture, MDPI, vol. 8(1), pages 1-14, January.
    4. Efstratios Loizou & Piotr Jurga & Stelios Rozakis & Antoni Faber, 2019. "Assessing the Potentials of Bioeconomy Sectors in Poland Employing Input-Output Modeling," Sustainability, MDPI, vol. 11(3), pages 1-12, January.

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