The traditional dynamic Leontief model is synchronous: every vertex acts simultaneously. A model with delays of action has been proposed, but it still remains synchronous. In this paper the author proposes an asynchronous version of the model that allows realistic computations. He furnishes an...

The paper discusses qualitative input-output methods. It is shown that information is lost. Because the binary relation constructed by qualitative methods is not transitive, the model lacks economic consistency. Qualitative methods are tending to become more sophisticated, but some problems of...

The method of forecast output coincidence used to determine if sectors are demandsided or supply-sided in an input-output framework mixes two effects, the structural effect (choosing between demand and supply side models) and the effect of an exogenous factor (final demand or added-value). The...

This paper adopts a macroeconomic structural decomposition approach to investigate the sources of economic growth of the PRC, particularly the contributions of the import substitution of the intermediate inputs, the private consumption goods and the investment goods. The latter three are...

We analyze the transmission of producer price inflation shocks across the U.S. manufacturing industries from 1947 to 2018 using the Diebold-Yilmaz Connectedness Index framework, which fully utilizes the information in generalized variance decompositions from vector autoregressions. The results...

Measuring international competitiveness is a highly contested issue in contemporary economics. The emergence of global value chains limits the accuracy of traditional export-based measures and calls for the employment of techniques capable of accounting for value added input of individual...

Many firms operate multiple units that produce and sell similar products and services using similar marketing and operating practices. Although local managers may be exposed to varying local conditions, firms typically attempt to control their operations to assure that their customers experience...

The agricultural sector plays a central role in the climate change adaptation and mitigation strategies. As one of the key global emitters of greenhouse gasses (GHGs), much effort has to be put in order to reduce its carbon footprint (Smith el al., 2014). At the same time, according to many...

We address a practical problem often faced by economic development organizations using data from the Greater Pittsburgh area. Local economic development organizations are often tasked with promoting the health and vitality of the regional economy. However, the unique composition of each...

The goal of this paper is to simultaneously unbundle two interacting reduced-form building blocks of traditional macroeconomic models: the representative agent and the aggregate production function. We introduce a broad class of disaggregated general equilibrium models with Heterogeneous Agents...