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Direct and indirect transactions and requirements

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  • Coskun, Husna Betul

Abstract

The indirect transactions between sectors of an economic system has been a long-standing open problem. There have been numerous attempts to define and mathematically formulate this concept in various other scientific fields in literature as well. The existing indirect effects formulations, however, can neither determine the direct and indirect transactions separately nor quantify these transactions between two individual sectors of interest in an economic system. The novel concepts of the direct, indirect and total transactions} between any two sectors are introduced, and the corresponding requirements matrices are systematically formulated relative to both final demands and gross outputs, based on the system decomposition theory. It is demonstrated theoretically and through illustrative examples that the proposed requirements matrices accurately define and quantify the corresponding direct, indirect, and total interactions and relationships. The proposed requirements matrices for the US economy using aggregated input-output tables for multiple years are then presented and briefly analyzed.

Suggested Citation

  • Coskun, Husna Betul, 2019. "Direct and indirect transactions and requirements," OSF Preprints w2a4d, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:w2a4d
    DOI: 10.31219/osf.io/w2a4d
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    References listed on IDEAS

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    1. Parikh, A, 1975. "Various Definitions of Direct and Indirect Requirements in Input-Output Analysis," The Review of Economics and Statistics, MIT Press, vol. 57(3), pages 375-377, August.
    2. Steenge, Albert E., 1990. "The commodity technology revisited : Theoretical basis and an application to error location in the make-use framework," Economic Modelling, Elsevier, vol. 7(4), pages 376-387, October.
    3. Heinz Kurz & Neri Salvadori, 2000. "'Classical' Roots of Input-Output Analysis: A Short Account of its Long Prehistory," Economic Systems Research, Taylor & Francis Journals, vol. 12(2), pages 153-179.
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