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This collection of writings provides the only comprehensive introduction to the input-output model for which Leontief was awarded the Nobel Prize in 1973. The structural approach to economics developed by Leontief, and known as input-output analysis, paved the way for the transformation of economics into a truly empirical discipline that could utilize modern data processing technology. This thoroughly revised second edition includes twenty essays--twelve of which are new to this edition--that reflect the past developments and the present state of the field. Beginning with an introductory chapter, the book leads the reader into an understanding of the input-output approach--not only as formal theory but also as a research strategy and powerful tool for dealing with a complex modern economy.
Regional Input-Output Analysis applies standard macroeconomic accounting principles to geographic and regional studies. Hewings develops an analytic framework and constructs regional input-output models. He then expands the model to consider interaction between regions. He links the model to linear programming and demographic models to provide a more sophisticated representation of reality.
In this collection of 17 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view. - Presents coherent summaries of CGE theories that inform major model types - Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results - Shows how CGE modeling has made a contribution to economic policy
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The Handbook of Regional Science is a multi-volume reference work providing a state-of-the-art knowledge on regional science composed by renowned scientists in the field. The Handbook is intended to serve the academic needs of graduate students, and junior and senior scientists in regional science and related fields, with an interest in studying local and regional socio-economic issues. The multi-volume handbook seeks to cover the field of regional science comprehensively, including areas such as regional housing and labor markets, regional economic growth, innovation and regional economic development, new and evolutionary economic geography, location and interaction, the environment and natural resources, spatial analysis and geo-computation as well as spatial statistics and econometrics.
The greatest challenge facing mankind today is the immense disparity in the levels of income among people in different parts of the globe. The growth rate of income of the poor countries is consistantiy far below the rate of the advanced, industrialized nations. Due to low income and a high propensity to consume, there is very little left in these countries for investment. A major portion of the resources available is devoted to military expenditures. This continual decline in the standard of living, coupled with poverty and unemployment, will lead to social and political upheaval in these countries, which affects developed countries. Because of high capacity and low population growth, the market of the developed countries is already saturated. To maintain the high standard of living in the developed countries it is necessary to have a strong and stable developing world. It is gratifying to see that both groups of countries see the need for peaceful economic growth; however, the amount of cooperation between countries and the material help from the developed countries are far from satisfactory. The economic and social scientists have investigated the best way to achieve the transformation from a poverty-ridden condition to a decent existence. Their studies have proceeded in two different directions. One is a more descriptive, historical analysis and the other is theoretical model building. Although these studies have achieved a relatively high level of perfection, one significant factor is sometimes missing.