Abstract
Recent contributions of Mrs. Balderston and Mr. Whitin (1954) and of M.E. Malinvaud (1954) have stressed the importance of the aggregation problems in input-output analysis. A solution of these problems is clearly desirable; for, although input-output analysis itself was designed in order to show certain basic relations in more detail than the “usual” type of econometric macroanalysis (in terms of regression and structural equations) does, the degree of aggregation is still considerable, even for very large input-output tables.
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This article first appeared in Econometrica, 25 (1957), 111–122. Reprinted with the permission of the Econometric Society. The author is indebted to Messrs. Carl F. Christ of the University of Chicago and E. Malinvaud of the I.N.S.E.E., Paris, for their comments, especially for the latter’s contribution to the analysis of homogeneous input structures (section 9).
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References
Balderston, J.B, and T.M. Whitin: 1954, “Aggregation in the Input-Output Model,” in O. Morgenstern, ed., Economic Activity Analysis, John Wiley and Sons, Inc., New York.
Malinvaud, E.: 1954, “Aggregation Problems in Input-Output Models,” in The Structural Interdependence of the Economy, Proceedings of an International Conference on Input-Output Analysis, Varenna, 189–202.
Theil, H.: 1954, Linear Aggregation of Economic Relations, North Holland Publishing Company, Amsterdam. (Vol. VII of the series “Contributions to Economic Analysis.”)
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© 1992 Springer Science+Business Media Dordrecht
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Theil, H. (1992). Linear Aggregation in Input-Output Analysis. In: Raj, B., Koerts, J. (eds) Henri Theil’s Contributions to Economics and Econometrics. Advanced Studies in Theoretical and Applied Econometrics, vol 25. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-2408-9_23
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DOI: https://doi.org/10.1007/978-94-011-2408-9_23
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