The Economics of Input-Output Analysis

'This book demonstrates the author's superior mastery and insights into the subject matter. Even those who have achieved mastery of input-output and linear programming analysis will find many valuable insights to add to their store of knowledge. This volume is a substantial addition to the literature.' William Baumol, New York University and Princeton University

'One great merit of this meticulous book is that it presents the input-output apparatus as a part of general equilibrium analysis, and therefore as part of mainstream economics rather than as just a free-standing technique. Another great advantage is that it connects up with the National Accounts at the other end. A careful student of this text will be thoroughly prepared to move on to applications.' Robert M. Solow, Department of Economics, MIT, and 1987 winner of the Nobel Memorial Prize in Economics

'Wassily Leontief defined and used input-output analysis in the modern era. He and his close followers took the subject far during the 20th century. Thijs ten Raa has taken the established system of economic analysis imbedded in input-output analysis and shown how it underlies the wide body of thought in the whole of the economy's supply side and production activities, both theoretical and applied, in a masterly treatment.' Lawrence R. Klein, University of Pennsylvania, and 1980 winner of the Nobel Memorial Prize in Economics

Thijs ten Raa is Associate Professor of Economics at Tilburg University.

Preface; 1. Introduction; 2. Input-output basics; 3. Multiplier effects; 4. Linear programming; 5. Are input-output coefficients fixed?; 6. The system of national accounts; 7. The construction of technical coefficients; 8. From input-output coefficients to the Cobb-Douglas function; 9. The diagnosis of inefficiency; 10. Input-output analysis of international trade; 11. Environmental input-output economics; 12. Productivity growth and spillovers; 13. The dynamic inverse; 14. Stochastic input-output analysis.