Naqvi, Syed Ali Asjad - 2025 - This version: 14 April 2025
-Output (MRIO) dataset to estimate global demand and supply elasticities across intermediate vs. final, and domestic vs. foreign … sectors. Using pooled data from 2021-2023, results show that supply is generally less responsive to income changes than demand … final goods has outpaced supply, reflecting a growing dependence on foreign inputs with low substitutability. At a more …
