Input–output model
The different economic sectors of a country depend on each other. An input-ouptut model can be used to show these dependencies, or to show the dependencies between different regional economies.[1] Wassily Leontief (1906–1999) is credited with developing this type of analysis and earned the Nobel Prize in Economics for his development of this model.[1]
References
- ↑ 1.0 1.1 Thijs Ten Raa, Input–Output Economics: Theory and Applications: Featuring Asian Economies, World Scientific, 2009