Industrial Use of Input-Output Models — Austrian Experiences
Detailed economic scenarios based on an input-output model of the IN-FORUM type have been used by Austrian entrepreneurs and managers since 1973. In quite a number of large-scale and medium-size enterprises such results are considered as a highly important background information for medium-term corporate planning. Most of the users of the present model AUSTRIA III are engaged in the manufacturing sector, especially in the production of semi-manufactured intermediate commodities. Other users come from the banking, the wholesale and the transportation sector. During the last 12 years about 60–70% of the firms in manufacturing (taking total output or employment as indicators) have made use of the model results to a certain extento Based on the Austrian experience gained during this period, this paper will concentrate on three aspects, that have proved to be of high relevance for the industrial use of the input-output models results.
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