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Extended input-output models: progress and potential.

P W Batey, A Z Rose

    International Regional Science Review
    |January 1, 1990
    PubMed
    Summary
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    This survey reviews extended input-output models for demographic-economic and socio-economic analysis. It highlights labor market and income distribution research, comparing these models with social accounting matrices.

    Area of Science:

    • Economics
    • Demography
    • Sociology

    Background:

    • Extended input-output models are crucial for analyzing complex demographic-economic and socio-economic interactions.
    • Existing research provides a foundation for understanding these intricate systems.

    Purpose of the Study:

    • To critically survey research on extended input-output models.
    • To emphasize recent advancements in demographic-economic and socio-economic analysis.
    • To illustrate current research directions through detailed examination of labor market and income distribution.

    Main Methods:

    • Review of basic principles in extended input-output model design and construction.
    • Analysis of a representative selection of extended models.
    • Comparative assessment of extended models against social accounting matrices.
    Keywords:
    CritiqueEconomic FactorsEstimation TechnicsHuman ResourcesIncomeIncome DistributionLabor ForceModels, TheoreticalResearch MethodologySocioeconomic FactorsWorld

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    Main Results:

    • Identification of key developments in extended input-output modeling.
    • Detailed exploration of labor market and income distribution as focal research areas.
    • Clarification of the relationship and distinctions between extended models and social accounting matrices.

    Conclusions:

    • Extended input-output models offer a robust framework for integrated socio-economic and demographic analysis.
    • Current research trends indicate a growing sophistication in applying these models to specific economic and social issues.
    • Understanding the nuances between extended models and social accounting matrices is vital for appropriate application.