THE EFFECTS OF REAL MULTIPLIER VERSUS RELATIVE PRICE CHANGES ON OUTPUT AND INCOME GENERATION IN INPUT-OUTPUT MODELS

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dc.creatorLee, Gene K.
dc.creatorSchluter, Gerald E.
dc.date2017-04-01T14:04:49Z
dc.date.accessioned2026-07-09T07:01:32Z
dc.descriptionWhen using input-output analysis to measure the effect of exogenous changes in the value of final demand, it is important to identify the degree to which the change in value is due to changes in prices or to changes in the volume of demand. A modified input-output model is presented to incorporate changes in prices as well as changes in the volume of final demand. The empirical results demonstrate that changes in the volume of final demand stimulate output and income directly, while changes in price have no effect on output but do influence income levels.
dc.identifierdoi:10.22004/ag.econ.147775
dc.identifierhttps://ageconsearch.umn.edu/record/147775/files/2Lee_29_1.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/147775
dc.identifier.urihttp://hdl.handle.net/123456789/583603
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/147775
dc.titleTHE EFFECTS OF REAL MULTIPLIER VERSUS RELATIVE PRICE CHANGES ON OUTPUT AND INCOME GENERATION IN INPUT-OUTPUT MODELS
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