Definition: Input–Output Table

Input–Output Table - "a table that describes the interrelationships among major industries and sectors, wages and salaries, surplus, investment, saving, consumption, government spending, taxes, exports, imports, the balance of payments, and national income. When divided horizontally, the table shows how the output of each industry is distributed among other industries and sectors of the economy. When divided vertically, the table shows the inputs to each industry from other industries and sectors." - source: Economic Development 4th Edition by E. Wayne Nafziger

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