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What is Input-Output Matrix Analysis Guide about?

This document discusses how to find the production matrix (X) for open and closed input-output models. For an open model: 1) Form the input-output matrix (A) with commodity requirements per unit of production in each column. 2) Calculate (I - A) and find its inverse. 3) Multiply the inverse by the demand matrix (D) to obtain X = (I - A)-1D, the production matrix. For a closed model, solve the system of equations (I - A)X = O to obtain X, where each column of A sums to 1 and production is consumed internally

Author

Maheen Khan

Language

EN