Measuring US sectoral shocks in the world input–output network

I measure the importance of sectoral shocks in US aggregate output by using the World Input–Output Table (WIOT). The WIOT allows me to correct potential sub-graph bias in previous literature, caused by using only the US industrial production input–output table. I report results from three closely related models to show how sensitive the analyses are to different specifications. The estimates vary from 10% to 45%.

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Year of publication:	2014
Authors:	Ando, Sakai
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 125.2014, 2, p. 204-207
Publisher:	Elsevier
Subject:	Sectoral shock \| Aggregate fluctuation \| Production network \| Factor analysis

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Type of publication:	Article
Classification:	E10 - General Aggregative Models. General ; E30 - Prices, Business Fluctuations, and Cycles. General ; C13 - Estimation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011076531