Rethinking Input-Output Analysis: A Spatial Perspective

This textbook helps students understand the social, economic, and environmental importance of the mutual relations between industries in the same and in different regions and nations, and demonstrates how to model these relations using regional, interregional, and international input-output (IO) models. It also discusses the economic assumptions and usefulness of the supply-driven IO quantity model and its accompanying revenue-pull IO price model, and highlights three main applications of the IO model: economic impact analysis of negative supply shocks, linkages, key sector, and cluster analysis, and structural decomposition analysis.

Format: Hardback
Length: 155 pages
Publication date: 18 June 2022
Publisher: Springer International Publishing AG

This comprehensive textbook serves as a valuable resource for students seeking to comprehend the multifaceted significance of the interconnections between industries within and across regions and nations. It effectively demonstrates how to model these relations using regional, interregional, and international input-output (IO) models, thereby enabling readers to extend these basic IO models with endogenous household expenditures, employ supply-use tables (SUTs) that explicitly distinguish the products used and sold by industry, and utilize social accounting matrices (SAMs) that provide detailed insights into income generation, redistribution, and spending. In addition to the standard demand-driven IO quantity model and its accompanying cost-push IO price model, the book delves into the economic assumptions and practical applications of the supply-driven IO quantity model and its corresponding revenue-pull IO price model. The final chapters highlight three primary areas of application of the IO model: (1) conducting economic impact analysis of negative supply shocks caused by natural disasters, (2) exploring linkages, key sectors, and cluster analysis, and (3) undertaking structural decomposition analysis, particularly focused on regional, interregional, and international growth. Through these applications, the book underscores the strengths and weaknesses of IO analysis, making it an essential resource for graduate students in regional and spatial science, as well as economists and planners seeking to enhance their understanding of the foundations, power, applicability, and limitations of input-output analysis.

The second, extensively revised edition of this textbook further enhances its usefulness by incorporating updates to IO tables, modeling the disaster reconstruction phase, and providing an appendix on essential matrix algebra. By presenting a comprehensive and up-to-date exploration of the interrelationships between industries, this textbook equips students with the knowledge and tools necessary to navigate the complex dynamics of global economies and contribute to informed decision-making in various fields.

Weight: 421g
Dimension: 235 x 155 (mm)
ISBN-13: 9783031050862
Edition number: 2nd ed. 2022