Purpose – The purpose of this paper is to solve the problem of overestimation of industry profits due to the presence of cross-shareholding (CS) links among firms that is inherent to the profit formulations in existing literature. Design/methodology/approach – In proposing a new profits...

Purpose – The purpose of this paper is to solve the problem of overestimation of industry profits due to the presence of cross‐shareholding (CS) links among firms that is inherent to the profit formulations in existing literature. Design/methodology/approach – In proposing a new profits...

Ballester, Calvo-Armengol, and Zenou (2006, Econometrica, 74/5, pp. 1403-17) show that in a network game with local payoff complementarities, together with global uniform payoff substitutability and own concavity effects, the intercentrality measure identifies the key player - a player who, once...

This paper examines how free international trade affects the environment in the developed and less developed worlds. Using input-output techniques, tests of the pollution haven hypothesis (PHH) and the factor endowment hypothesis (FEH) for the US and China were empirically carried out. We found...

We present eight existing projection methods and test their relative performance in estimating Supply and Use tables (SUTs) of the Netherlands and Spain. Some of the methods presented have received little attention in the literature, and some have been slightly revised to better deal with...

We formulate the problems of finding a "key sector" and a "key group" of sectors in the economy by the hypothetical extraction method (HEM), and derive their analytic solutions that are termed industries' "factor worths". It is shown that the key group of <formula format="inline"><simplemath>"k" ≥ 2</simplemath></formula> sectors is, in...

This paper addresses the question whether the results of input-output (IO) impact analyses differ (and to what extent) when a framework in current prices or in constant prices is used. We consider the effect of an exogenous stimulus of final demand in current prices on (a) gross output in...

We propose a new biproportional method specifically designed for joint projection of Supply and Use tables (SUTs). In contrast to standard inputoutput techniques, this method does not require the availability of total outputs by product for the projection year(s), a condition which is not often...