Interindustry Economics

The primary objective of this classic work is to present a unified discussion of interindustry techniques and their empirical application. In the first section of the book the authors provide an introduction to interindustry theory, starting with the simplest input-output model and developing more complex systems by successive exstensions. The range of possible formulations is illustrated by eight models, each of which is presented in verbal and algebraic form and in numerical examples. Ultimately, the choice between input-output and linear-programming formulations is shown to depend on the nature of the problen and available data. Section Two discusses the main types of application for which analysis seems appropriate, illustrating each example with individual cases from the interindustry experience in various countires. Studies from the United States, Japan, Itlay.