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Wassily Leontief and Input-Output Economics

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Wassily Leontief was the founding father of input-output economics, for which he received the Nobel Prize in 1973. This book offers a collection of papers in his memory by his students and close colleagues. The first part focuses upon Leontief as an individual and scholar as well as his personal contributions to economics; the second includes new theoretical and empirical research inspired by Leontief's efforts. The collection offers a comprehensive sample of the current state of interindustry economics and is likely to appeal to a wide range of professionals.

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Editorial Reviews

From the Publisher
'… this is a great volume, especially its first backward-looking part. The volume excels in containing many articles that would do well in master courses emphasizing structural change and economic dynamics, while it is also of interest for courses on spatial, i.e. interregional and international, interactions.' Economic Systems Research
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Product Details

  • ISBN-13: 9780521049436
  • Publisher: Cambridge University Press
  • Publication date: 1/7/2008
  • Pages: 420
  • Product dimensions: 6.00 (w) x 8.90 (h) x 1.10 (d)

Meet the Author

Erik Dietzenbacher is Associate Professor of International Economics and Business at the University of Groningen, The Netherlands. He is co-editor of Input-Output Analysis: Frontiers and Extensions (with Michael L. Lahr, 2001), Input-Output Analysis (three volumes, with Heinz D. Kurz and Christian Lager, 1998) and is currently editor of Economic Systems Research, the official journal of the International Input-Output Association.

Michael L. Lahr is Associate Research Professor at the Center for Urban Policy Research, Rutgers University, New Jersey. He is co-editor of Input-Output Analysis: Frontiers and Extensions (with Erik Dietzenbacher, 2001) and Regional Science Perspectives in Economics: A Festschrift in Memory of Benjamin H. Stevens (with Ronald E. Miller, 2001).

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Table of Contents

List of contributors
List of figures
List of tables
1 A portrait of the master as a young man 3
2 Leontief's "magnificent machine" and other contributions to applied economics 9
3 Leontief and the future of the world economy 30
4 International trade: evolution in the thought and analysis of Wassily Leontief 47
5 Leontief's input-output table and the French Development Plan 65
6 Leontief and dynamic regional models 90
7 Experiences with input-output and isomorphic analytical tools in spatial economics 102
8 Leontief and Schumpeter: a joint heritage with surprises 123
9 Some highlights in the life of Wassily Leontief - an interview with Estelle and Wassily Leontief 135
10 A neoclassical analysis of total factor productivity using input-output prices 151
11 What has happened to the Leontief Paradox? 166
12 The decline in labor compensation's share of GDP: a structural decomposition analysis for the United States, 1982 to 1997 188
13 An oligopoly model in a Leontief framework 213
14 Economies of plant scale and structural change 232
15 Technological change and accumulated capital: a dynamic decomposition of Japan's growth 256
16 Japan's economic growth and policy-making in the context of input-output models 294
17 Contributions of input-output analysis to the understanding of technological change: the information sector in the United States 311
18 How much can investment change trade patterns? An application of dynamic input-output models linked by international trade to an Italian policy question 337
19 Social cost in the Leontief environmental model: rules and limits to policy 367
Subject index 387
Author index 393
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