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This paper presents and estimates an input-output model in which input coefficient changes are functions of changing prices. The model produces results that mirror the characteristics of input demand functions based on the model of cost minimization subject to producing a desired level of...
Persistent link: https://www.econbiz.de/10009278589
Based on the general procedure described by Casler [(2011) Coefficient Change, Price Effects, and Implicit Elasticities: Estimating Microeconomic Determinants over Two Time Periods. <italic>Economic Systems Research</italic>, 23, 153--174], this paper presents an updated approach to the estimation of input...
Persistent link: https://www.econbiz.de/10010977070