Abstract:I. The Problem and its Analytical Formulation 1. The object of the computations described in this paper was to determine what effect a hypothetical reduction in military accompanied by a compensating increase in non-military demand would have on the industrial composition and regional distribution of employment in the continental United States. By compensation is meant the maintenance of the total level of employment in the economy.In a paper published four years ago,' inputoutput analysis was used to estimate… Show more
“…War has been justified by its ability to help an economy achieve full employment. As Keynes points out and as Leontief, et al (1965) demonstrate with a simulation, war is far from a first-best policy for doing so. Historically, employment has been relatively high in times of war.…”
Section: Thus Whilst Economists Were Accustomed To Applaud the Prevamentioning
“…War has been justified by its ability to help an economy achieve full employment. As Keynes points out and as Leontief, et al (1965) demonstrate with a simulation, war is far from a first-best policy for doing so. Historically, employment has been relatively high in times of war.…”
Section: Thus Whilst Economists Were Accustomed To Applaud the Prevamentioning
“…Beginning as early as the late 1940s, Leontief used his method in a number of applications, including the well-known analyses of the potential economic impact of disarmament for the United States of America and tests of the Heckscher-Ohlin theory now known as the 'Leontief Paradox' (Leontief 1953;Leontief et al 1965). The definitive source on input-output methodology, his book on the subject is a collection of his earlier works and serves as an excellent foundation for using input-output analysis (Leontief 1966).…”
“…For a brief description, see Higgs, Parmenter and Rimmer (1988), while a complete description of both ORANI and the ORES module is contained in Dixon, Parmenter, Sutton and Vincent (1982) -hereafter referred to as DPSV. ORES (ORANI Regional Equation System) is based on the method devised by Leontief, Morgan, Polenske, Simpson and Tower (1965) for disaggregating results from a national input-output model into regional results. Central to the method is a division of industries into two groups: national industries and local industries.…”
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