We reconsider in this paper the alleged implausibility of Ghosh’s model and we do so reformulating the model to incorporate an alternative closure rule. Our proposed closure rule is in line with the original allocation rules defined by A. Ghosh. The closure solves, to some extent, the...

This paper is built around a theorem proved analytically and exemplified empirically in Flaschel, Franke and Veneziani (2010) which states that profitable capital-using labor-saving technical change is under mild conditions always reducing the labor content of commodities. This type of technical...

Using an applied general equilibrium model we reproduce an input-output model which in turn is used to estimate multipliers as well as some additional impacts for Mexico. While the results are conceptually the same as those of a Leontief model, their interpretation is simpler and the model is...

The main particularity of Tourism is to be defined from the demand side, instead from the supply side like the other economic activities. For this reason, Tourism impact studies are usually performed with demand models based on input output (IO) methodology. Moreover, these types of models allow...

Disruptions to the freight transportation system are costly due to freight's critical relationship to economic productivity. This research will analyze the current methods of estimating the economic impacts of disruptions to the freight transportation system. A review of existing literature will...

Ghosh's model is discussed in this paper under two alternative scenarios. In an open version we compare it with Leontief's model and prove that they reduce to each other under some specific productive conditions. We then move onto reconsidering Ghosh's model alleged implausibility and we do so...