Analysis of Input-output Multiplier Time Lag

Abstract

Abstract:

Input-output technique has been widely used in many fields of national economy.At its core is the complete demand coeffi-cient matrix, namely the input-output multiplier.This paper attempts to explore the time lag of input-output multiplier by its power series expansion.This study first illustrates the significance of this work.Then we introduce a method to calculate the time lag of input-output multiplier, and further extend it to partial-closed input-output model and input-occupancy-output model.Finally, with the time lag effect considered, we calculate the effect of the increasing number of Chinese visitors to the U.S.on U.S.value added and employment.

Key words: time lag, multiplier, partial-closed model, input-occupancy-output model

Li Xinru, Liu Peng, Chen Xikang. Analysis of Input-output Multiplier Time Lag[J]. , 2017, 29(7): 29-35,92.

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