Abstract
The author presents a neoclassical input-output-model for the Federal Republic of Germany, which is based on “make”- and “use”-tables instead of input-output-tables. The advantage of this approach is, that the model is able to discriminate volumes and prices for industries and commodities. The analytical frame-work gives economic hypotheses to explain the coefficients of “make”- and “use”-matrices. So a blended functional/institutional input-output-model can be constructed, which offers the opportunity to use different schemes for the disaggregation of final demand and primary inputs. The article describes the theoretical model and the numerical specification of an econometric model, which is based on it. At the end the results of an ex-post-projection with this econometric model are discussed.
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References
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Meyer, B. A neoclassical input-output-model based on “make”- and “use”-tables. Empirical Economics 14, 1–19 (1989). https://doi.org/10.1007/BF01980533
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DOI: https://doi.org/10.1007/BF01980533