This book mostly deals with forecasting developments at the macroeconomic level, even when discussing specific aspects such as financial markets (Chapter 8) or fiscal policy (Chapter 9). In contrast, sectoral forecasts follow a microeconomic approach. Here, the focus is on sectors, or even on one particular sector. This is a relevant perspective for a firm concerned with the outlook its sector faces, or for a local government wondering how much needs to be spent on infrastructure to ensure that firms in the area can grow without encountering local bottlenecks (such as road congestion).
KeywordsOutput Analysis Final Demand Economic Forecast Technical Coefficient Intermediate Consumption
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