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Is the Ghosh model interesting?

Author

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  • Louis de Mesnard

    (LEG - Laboratoire d'Economie et de Gestion - UB - Université de Bourgogne - CNRS - Centre National de la Recherche Scientifique)

Abstract

The overall value of the Ghosh model is appraised. Its treatment of quantities and prices is scrutinized by examining the variant with data in quantities and prices, and the variant with data in value and price indexes. The methodology involves returning to the accounting equations and shows that: (i) the Ghosh model offers solutions of limited interest, being incapable of providing prices or price indexes separately from quantities; (ii) what is taken to be the equation of Ghosh's value model is actually that of Ghosh's physical model; (iii) the Ghosh model may serve for cost-push exercises, but the dual of the Leontief model performs the same task in a much simpler and more natural way; and (iv) Cronin's mixed models do not actually mix Leontief and Ghosh hypotheses.

Suggested Citation

  • Louis de Mesnard, 2009. "Is the Ghosh model interesting?," Post-Print hal-00383926, HAL.
    • Handle: RePEc:hal:journl:hal-00383926
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    References listed on IDEAS

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    1. Louis De Mesnard, 2002. "Forecast output coincidence and biproportion: two criteria to determine the orientation of an economy. Comparison for France (1980-1997)," Applied Economics, Taylor & Francis Journals, vol. 34(16), pages 2085-2091.
    2. E Dietzenbacher, 1989. "On the Relationship between the Supply-Driven and the Demand-Driven Input — Output Model," Environment and Planning A, , vol. 21(11), pages 1533-1539, November.
    3. Louis de Mesnard, 1997. "A biproportional filter to compare technical and allocation coefficient variations," Post-Print hal-00383934, HAL.
    4. Bon, Ranko, 1986. "Comparative stability analysis of demand-side and supply-side input-output models," International Journal of Forecasting, Elsevier, vol. 2(2), pages 231-235.
    5. Louis de Mesnard, 1990. "Dynamique de la structure industrielle française," Post-Print hal-00383966, HAL.
    6. Gale, David, 1989. "The Theory of Linear Economic Models," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226278841, April.
    7. F Giarratani, 1976. "Application of an Interindustry Supply Model to Energy Issues," Environment and Planning A, , vol. 8(4), pages 447-454, June.
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    Cited by:

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    2. Shweta Singh & Bhavik R. Bakshi, 2014. "Accounting for Emissions and Sinks from the Biogeochemical Cycle of Carbon in the U.S. Economic Input-Output Model," Journal of Industrial Ecology, Yale University, vol. 18(6), pages 818-828, December.
    3. Pradeep V. Mandapaka & Edmond Y. M. Lo, 2023. "Assessing Shock Propagation and Cascading Uncertainties Using the Input–Output Framework: Analysis of an Oil Refinery Accident in Singapore," Sustainability, MDPI, vol. 15(2), pages 1-24, January.
    4. Richiardi, Matteo & Bronka, Patryk & Collado, Diego, 2020. "The Covid-19 crisis response helps the poor: the distributional and budgetary consequences of the UK lock-down," EUROMOD Working Papers EM11/20, EUROMOD at the Institute for Social and Economic Research.
    5. Manresa, Antonio & Sancho, Ferran, 2013. "Supply and demand biases in linear interindustry models," Economic Modelling, Elsevier, vol. 33(C), pages 94-100.
    6. Ana-Isabel Guerra, 2011. "Merging the Hypothetical Extraction Method and the Classical Multiplier Approach: A Hybrid Possibility for Identifying Key Distributive Sectors," UFAE and IAE Working Papers 886.11, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
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    8. Ana-Isabel Guerra & Ferran Sancho, 2010. "A Comparison Of Input-Output Models:Ghosh Reduces To Leontief (But 'Closing' Ghosh Makes It More Plausible)," UFAE and IAE Working Papers 823.10, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
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    12. Anton Pichler & J. Doyne Farmer, 2022. "Simultaneous supply and demand constraints in input–output networks: the case of Covid-19 in Germany, Italy, and Spain," Economic Systems Research, Taylor & Francis Journals, vol. 34(3), pages 273-293, July.
    13. Cardoso, Larissa & Balbinotto Neto, Giácomo & Santiago, Flaviane Souza & de Souza, Kênia Barreiro & de Souza, Rafael Morais, 2022. "Sugar-sweetened beverages tax and obesity: Simulation of economic impacts from input-output analysis for Brazil," Revista Brasileira de Estudos Regionais e Urbanos, Associação Brasileira de Estudos Regionais e Urbanos (ABER), vol. 16(2), pages 162-183.
    14. Aroche Reyes, Fidel & Marquez Mendoza, Marco Antonio, 2013. "The Demand Driven and the Supply-Sided Input-Output Models. Notes for the debate," MPRA Paper 58488, University Library of Munich, Germany, revised Jul 2014.
    15. Almeida, Lucas Milanez de Lima & Balanco, Paulo Antonio de Freitas, 2020. "Application of multivariate analysis as complementary instrument in studies about structural changes: An example of the multipliers in the US economy," Structural Change and Economic Dynamics, Elsevier, vol. 53(C), pages 189-207.
    16. Ana-Isabel Guerra & Ferran Sancho, 2011. "Revisiting The Original Ghosh Model: Can It Be More Plausible?," Working Papers 11.02, Universidad Pablo de Olavide, Department of Economics.
    17. Carmen Ramos Carvajal & Ana Salomé García-Muñiz & Blanca Moreno Cuartas, 2019. "Assessing Socioeconomic Impacts of Integrating Distributed Energy Resources in Electricity Markets through Input-Output Models," Energies, MDPI, vol. 12(23), pages 1-21, November.
    18. Oleksandr Galychyn & B.D. Fath & D. Wiedenhofer & E. Buonocore & P.P. Franzese, 2024. "An urban emergy footprint: Comparing supply- and use-extended input-output models for the case of Vienna, Austria," Post-Print hal-04507173, HAL.
    19. Casiano A. Manrique-de-Lara-Peñate & Dolores R. Santos-Peñate, 2017. "SAM updating using multi-objective optimization techniques," Papers in Regional Science, Wiley Blackwell, vol. 96(3), pages 647-667, August.
    20. Manuel De la Sen & Asier Ibeas & Santiago Alonso-Quesada, 2021. "On the Reachability of a Feedback Controlled Leontief-Type Singular Model Involving Scheduled Production, Recycling and Non-Renewable Resources," Mathematics, MDPI, vol. 9(17), pages 1-35, September.

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