This study shows how import and export shocks propagate through domestic supply chains by using actual Japanese supply chain data and a world input-output table based on firm-level agent-based simulations. We propose three different models to connect the domestic firm-level supply chain to the...

Ready meals contribute to the economic performance of the UK economy. However, in 2020, demand declined due to the COVID-19 pandemic; chilled ready meals declined by 3.6 per cent but frozen and ambient ready meals grew by 10.1 per cent and 5.6 per cent, respectively. This has implications for the...

This study uses input-output labor-accounting to estimate the impact of rising imports from China on US employment. Our counterfactual analysis incorporates offsets from substitution for imports from other countries, increased US exports to China and other countries, and job gains in downstream...

The non-substitution theorem was first demonstrated by Samuelson and Georgescu-Roegen for a generalized model of Leontief. The theorem raised the question to know if the “deep-seated causes of [economic] development are to be found in the variations of the basic structural relationships...

Economic shocks due to COVID-19 were exceptional in their severity, suddenness and heterogeneity across industries. To study the upstream and downstream propagation of these industry-specific demand and supply shocks, we build a dynamic input-output model inspired by previous work on the...