Return of the capital coefficients matrix

Abstract

A core ingredient of post-disaster input-output recovery models is the reconstruction of lost production capacity. Therefore, one would expect a set of models endowed with capital coefficients matrices to be available for analysis. However, this is not the case, possibly due to earlier negative experiences with such models. Nevertheless, in this paper, we aim to show that there is a class of problems that can be addressed successfully with a dynamic input-output model with a fully functioning capital coefficients matrix. We put forward that if reconstruction is tightly planned, investment and therewith gross output essentially become pre-determined. This also means that traditional final demand becomes an endogenous residual, with the model being transformed into a distribution and allocation model. We begin with a reordering of variables and equations as proposed in Leontief's dynamic inverse, and then move on directly to the newly proposed model. Suggestions for further work are given. ARTICLE HISTORY

A New Input-Output Table Built from Neoclassical Analysis that Considers Economic Rent

“…Given that existing data does not suffice to build Table 1 and Table 2, a numerical illustration of both tables with three input goods and two final goods is presented as Supporting Information to illustrate the proposed framework and show that the equations work. This is not ideal, yet commonly done when new frameworks are incompatible with existing data as done in Sancho (2019), Steenge and Reyes (2020), Manresa and Sancho (2020), Steenge and Serrano (2012), Guerra and Sancho (2011), and others.…”

Опыт Экспериментальной Оценки Матрицы Коэффициентов Импортных Капитальных Затрат В Динамической Модели Леонтьева Для Белорусской Экономики В 2016-2020 Годах

“…270-272], модель НИЭИ Министерства экономики Республики Беларусь [23] и др.). Однако интерес к динамической модели все-таки постепенно снижался [24].…”