Economic Insights Unveiled: A Journey through Input-Output Analysis in Non-Linear Mathematics
Digital Object Identifier:
10.58578/mikailalsys.v1i3.1865
Viewed : 262 times
Downloaded : 130 times
Please do not hesitate to contact us if you would like to obtain more information about the submission process or if you have further questions.
Abstract
This project work explores the world of input-output analysis, a powerful economic tool that reveals the complicated web of economic interdependencies that exist within a region or nation. By meticulously exploring the foundations, applications, and implications of this analytical method, we set out on a journey to understand the profound impact it has on economic systems. The project begins with a comprehensive introduction to the theory of input-output analysis, shedding light on its historical evolution and underlying assumptions. It meticulously outlines the step-by-step process of constructing input-output tables and interprets the matrix algebra involved, ensuring that even a novice can grasp the fundamentals. Two hypothetical case studies add practicality to the project, vividly demonstrating how input-output analysis can be applied to real-world scenarios, such as the infrastructure sector, the energy sector, and local economic development. Through these case studies, we witness the transformative potential of this analysis, both in terms of economic growth and sustainable practices. Furthermore, the project explores the strengths and limitations of input-output analysis, paving the way for informed discussions and decisions in the realms of economic policy and planning. In the end, the project leaves no stone unturned, presenting a comprehensive view of input-output analysis as a dynamic instrument that empowers us to unravel economic intricacies, fostering a prosperous and sustainable future.
Downloads
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
References
Sahani, S.K. (2023). The Effective Theory of Producer and Consumer Surplus; Positive Demand, Negative Supply, Central Asian Journal of Mathematics Theory and Computer Sciences, Vol.4, Issue 8,70-76.
Sahani, S.K. et al. (2023). The International Pricing of Risk; An Empirical Investigation of the World Capital Market Structure, American Journal of Science and Learning Development, Vol,2, No.7,49-65.
Sahani, S.K. and Prasad, K.S. (2023). Study and Analysis of Input| Output Analysis to Non-Linear Science, ACCST Research Journal, Vol. XXL, No.1,22-30.
Sahani, S.K. (2023). Youth on Employment and Job Creation in African Countries; Opportunities, Challenges, Characteristics Determinants and Performance of Self-Employment Among Them the Youth in African Countries, Central Asian Journal of Mathematics Theory and Computer Sciences, Vol.04, No.7,27-41.
Chenery, H.B. and Paul, G.C. (1959). Interindustry Economics. New York: John Wiley and Sons.
Miernyk, W. (1965). The Elements of Input-Output Analysis. New York: Random House.
Miller, R.E. and Peter D.B. (1985). Input-Output Analysis: Foundations and Extensions. Englewood Cliffs, NJ: Prentice-Hall.
Richardson, H.W. (1972). Input-Output and Regional Economics. New York: John Wiley and Sons (Halsted Press).
Stone, R. (1961). Input-Output and National Accounts. Paris: Organization for Economic Cooperation and Development.
Yan, Chiou-Shuang. (1969). Introduction to Input-Output Economics.New York: Holt, Rinehart and Winston.
Jiang, T., Yu, Y., Jahanger, A. and Balsalobre-Lorente, D. (2022). Structural emissions reduction of China's power and heating industry under the goal of double carbon: A perspective from input-output analysis,Sustainable Production and Consumption,Vol.31,346-356,https://doi.org/10.1016/j.spc.2022.03.003.
Bunsen, J. and Finkbeiner, M. (2023). An Introductory Review of Input-Output Analysis in Sustainability Sciences Including Potential Implications of Aggregation, Sustainability, Vol.15(1),46,https://doi.org/10.3390/su15010046.
Santos, J. (2020). Using input-output analysis to model the impact of pandemic mitigation and suppression measures on the workforce, Sustainable Production and Consumption, Vol.23, 249-255,https://doi.org/10.1016/j.spc.2020.06.001.
Kosemani, Babajide S. and Bamgboye, Isaac. A. (2020). Energy input-output analysis of rice production in Nigeria, Energy, Vol. 207, 118-258 ,https://doi.org/10.1016/j.energy.2020.118258.
Kitzes, J. (2013). An Introduction to Environmentally-Extended Input-Output Analysis, Resources, Vol.2(4), 489-503, https://doi.org/10.3390/resources2040489.
Dietzenbacher, E., Lenzen, M., Los, B., Guan, D., Lahr, M.L., Sancho, F., Suh, S. and Yang, C. (2013). Input-Output Analysis: The Next 25 Years,Economic Systems Research,Vol. 25(4),369-389.
Wang, F., Huisman, J., Stevels, A. and Baldé, C.P.(2013). Enhancing e-waste estimates: Improving data quality by multivariate Input-Output Analysis,Waste Management,Vol.33(11),2397-2407,https://doi.org/10.1016/j.wasman.2013.07.005.
Cheng, D. and Daniels, P. (2017). Input-output analysis, International Encyclopedia of Geography: People, the Earth, Environment and Technology.
Morrissey, K. and O’Donoghue, C. (2013). The role of the marine sector in the Irish national economy: An input–output analysis, Marine Policy,Vol.37, 230-238, https://doi.org/10.1016/j.marpol.2012.05.004.
Markaki, M., Belegri-Roboli, A., Michaelides, P., Mirasgedis, S. and Lalas, D.P. (2013). The impact of clean energy investments on the Greek economy: An input–output analysis (2010–2020), Energy Policy, Vol.57, 263-275, https://doi.org/10.1016/j.enpol.2013.01.047.
