This paper presents two new kinds of input-output multipliers that may be of considerable use in national or regional economic development policy. In addition to standard Leontief row, column and growth equalized multipliers, multipliers showing the effects of capital depreciation and net capital formation are specified and calculated for the U.S. (1972 and 1977) and Japan (1970 and 1980). These new multipliers include the induced effects of capital replacement and the induced effects of capital growth resulting from the expansion of individual vertically integrated economic sectors.
机构:
Univ Kitakyushu, Grad Sch Social Syst Studies, Kitakyushu, Fukuoka, JapanUniv Kitakyushu, Grad Sch Social Syst Studies, Kitakyushu, Fukuoka, Japan
Okuyama, Yasuhide
Santos, Joost R.
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机构:
George Washington Univ, Dept Engn Management & Syst Engn, Washington, DC USAUniv Kitakyushu, Grad Sch Social Syst Studies, Kitakyushu, Fukuoka, Japan