Related Experiment Video
Updated: Apr 10, 2026
06:54
Methods for Presenting Real-world Objects Under Controlled Laboratory Conditions
Published on: June 21, 2019
6.4K
Input-output impact analysis in current or constant prices: does it matter?
Erik Dietzenbacher1, Umed Temurshoev1
1Faculty of Economics and Business, University of Groningen, PO Box 800, 9700 AV Groningen, The Netherlands.
Journal of Economic Structures
|June 13, 2015
Summary
Input-output (IO) impact analyses yield similar results whether using current or constant prices. This study found minimal differences in gross output and employment predictions, especially at the economy-wide level.
Area of Science:
- Economics
- Econometrics
Background:
- Input-output (IO) analysis is a key tool for economic impact assessment.
- The choice of price framework (current vs. constant prices) can influence analytical outcomes.
Purpose of the Study:
- To investigate whether input-output (IO) impact analyses produce divergent results when employing current versus constant price frameworks.
- To quantify the extent of these differences on key economic indicators.
Main Methods:
- Comparative analysis of IO impact models.
- Exogenous stimulus of final demand applied in current prices.
- Assessment of impacts on gross output (constant prices) and employment.
Main Results:
- Empirical application to Denmark demonstrates highly similar predicted effects across both price frameworks.
- Economy-wide aggregate results show negligible differences.
- Sectoral level results exhibit minor variations.
Conclusions:
- The choice between current and constant price frameworks has a limited impact on the outcomes of IO analyses.
- Findings suggest robustness of IO impact assessments regardless of the price basis used for analysis.
Related Concept Videos
01:13Parameters Affecting Nonlinear Elimination: Zero-Order Input, First-Order Absorption and Two-Compartment Model
399
Drugs administered through various routes can lead to nonlinear elimination, resulting in complex pharmacokinetic behaviors crucial to understanding efficacious drug dosing.
When a drug is administered through a constant intravenous infusion and eliminated via nonlinear pharmacokinetics, it follows zero-order input. For example, oral drugs undergo first-order absorption upon administration and are eliminated through nonlinear pharmacokinetics.
In the case of subcutaneously administered drugs,...
When a drug is administered through a constant intravenous infusion and eliminated via nonlinear pharmacokinetics, it follows zero-order input. For example, oral drugs undergo first-order absorption upon administration and are eliminated through nonlinear pharmacokinetics.
In the case of subcutaneously administered drugs,...
399
01:29Application of Differentiation to Business
322
Calculus offers essential techniques for businesses seeking to optimize pricing strategies and revenue. In this case, a bakery wants to determine the ideal price and daily sales volume to maximize revenue. By modeling how changes in price affect demand and revenue, the bakery can apply calculus to make data-driven decisions.The demand function relates the price per cupcake to the number of cupcakes sold and captures how lower prices increase sales. Based on market data, the demand function can...
322
01:07Effective Value of a Periodic Waveform
1.5K
The concept of effective value, the root mean square (RMS) value, is crucial in understanding electrical circuits and power delivery. This idea emerges from the necessity to measure the effectiveness of a voltage or current source in supplying power to a resistive load.
The effective value of a periodic current represents the direct current (DC) that conveys the same average power to a resistor as the periodic current itself. This concept is crucial when assessing AC circuits. To determine the...
The effective value of a periodic current represents the direct current (DC) that conveys the same average power to a resistor as the periodic current itself. This concept is crucial when assessing AC circuits. To determine the...
1.5K
00:57Power Expended by a Constant Force
9.3K
The relationship between work done and the time taken to do it can be explained using the concept of power. For example, several sprinters in a race may have the same velocity when they reach the finish line, therefore doing the same amount of work, but the winner does it in the least amount of time. Thus, power is defined as the rate of doing work. Since work can vary as a function of time, the average power is defined as the work done during a time interval, divided by the time interval.
9.3K
01:29Applications of Integration to Find Consumer Surplus
126
In microeconomics, consumer surplus represents the economic gain that consumers experience when they purchase a good or service for less than the highest price they are willing to pay. This surplus arises from the characteristics of the demand function, which links the quantity of a good to the price consumers are willing to pay. As the quantity of a good increases, the price that consumers are willing to pay for each additional unit typically decreases, resulting in a downward-sloping demand...
126
01:10Electrical Energy
1.9K
Using electric appliances for a longer period of time consumes more electrical energy and results in a higher electric bill. The energy produced by the transfer of electrons from one point to another is known as electrical energy. If power is delivered at a constant rate, the electrical energy can be defined as the product of power used by the device for a period of time. The energy unit on electric bills is the kilowatt-hour, where one kilowatt-hour is equivalent to 3.6 × 106 joules.
1.9K