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Neoclassical Input–Output Analysis

In: Input–Output Economics: Theory And Applications Featuring Asian Economies

Author

Listed:
  • Thijs ten Raa
  • Pierre Mohnen

Abstract

The Canadian comparative advantage is determined by the maximization of foreign earnings, subject to 10 input–output relations between 29 industries and 92 commodities. Free trade would boost the mining, quarrying & oil wells, tobacco, and machinery sectors. The structure of the economy is not self-sufficient, as a necessary and sufficient price condition shows. When commodities are aggregated into the 29 sectors, the shadow prices of the programs fulfill the value equations of the input–output analysis and admit a decomposition of Canadian inefficiency in 5% X-inefficiency, 15% allocative inefficiency, and 80% international specialization mismatch.

Suggested Citation

  • Thijs ten Raa & Pierre Mohnen, 2009. "Neoclassical Input–Output Analysis," World Scientific Book Chapters, in: Input–Output Economics: Theory And Applications Featuring Asian Economies, chapter 10, pages 151-179, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812833679_0010
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    Cited by:

    1. Sofiane Ghali & Pierre Mohnen, 2002. "Restructuring And Economic Performance: The Experience Of The Tunisian Economy," CIRANO Working Papers 2002s-26, CIRANO.
    2. C. Oliveira & D. Coelho & C. H. Antunes, 2016. "Coupling input–output analysis with multiobjective linear programming models for the study of economy–energy–environment–social (E3S) trade-offs: a review," Annals of Operations Research, Springer, vol. 247(2), pages 471-502, December.
    3. Harada, Tsutomu, 2015. "Structural change and economic growth with relation-specific investment," Structural Change and Economic Dynamics, Elsevier, vol. 32(C), pages 1-10.

    More about this item

    Keywords

    Input–Output Analysis; National Accounts; Productivity; Performance; Canadian Economy; Chinese Economy; Indian Economy; Asian Economics;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F37 - International Economics - - International Finance - - - International Finance Forecasting and Simulation: Models and Applications
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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