Possibilities of Time Input-Output Tables

The importance of the input-output analysis has been increasing in the Czech Republic in recent years. The use of input-output tables is spreading among experts because of the possibilities for creation of different models. These models are aimed at various fields of economic and social life. Our paper is focused on the time input-output analysis of the Czech economy. The time input-output tables were not usually compiled in the Czech Republic. Special attention is devoted to the hours worked. The analysis is focused on the domestic production and its use because the value of imported goods and services is not directly connected with hours worked in the Czech Republic. The emphasis is put on the labor intensity development and the comparison with the development of capital endowment of labour. Besides, the development of real gross value added is taken into account. The labor intensity is the time spent by the production of the product according to product classification CZ-CPA. Such use of the physical units for the input-output analysis has evident ad-vantages in comparison with widely used monetary approach for the elimination of different price levels. The analysis focuses on the Czech economy between 1990 and 2010.