Input-Output Analysis: Foundations and Extensions

by Ronald E. Miller, Peter D. Blair

Overview

This essential reference for students and scholars in the input-output research and applications community has been fully revised and updated to reflect important developments in the field. Expanded coverage includes construction and application of multiregional and interregional models, including international models and their application to global economic issues such as climate change and international trade; structural decomposition and path analysis; linkages and key sector identification and hypothetical extraction analysis; the connection of national income and product accounts to input-output accounts; supply and use tables for commodity-by-industry accounting and models; social accounting matrices; non-survey estimation techniques; and energy and environmental applications. Input-Output Analysis is an ideal introduction to the subject for advanced undergraduate and graduate students in many scholarly fields, including economics, regional science, regional economics, city, regional and urban planning, environmental planning, public policy analysis and public management.

Product Details

ISBN-13:	9781108723534
Publisher:	Cambridge University Press
Publication date:	01/13/2022
Edition description:	3rd Revised ed.
Pages:	850
Sales rank:	873,225
Product dimensions:	6.61(w) x 9.65(h) x 1.77(d)

About the Author

Ronald E. Miller is Professor Emeritus of Regional Science at the University of Pennsylvania. A pioneer in the development of interregional input-output models, his research providing key insights about interregional feedback effects and many other features of regional economic models spans five decades.

Peter D. Blair is Distinguished Senior Fellow in the Schar School of Policy and Government, George Mason University. Published widely in many fields, his career includes management, research and teaching at the National Academy of Sciences, the Congressional Office of Technology Assessment, Technecon Analytic Research and the University of Pennsylvania.

Table of Contents

1. Introduction and overview; 2. Foundations of input-output analysis; 3. Input-output models at the regional level; 4. Organization of basic data for input-output models; 5. The commodity-by-industry approach in input-output models; 6. Multipliers in the input-output model; 7. Supply-side models, linkages, and important coefficients; 8. Decomposition approaches; 9. Nonsurvey and partial-survey methods – fundamentals; 10. Nonsurvey and partial-survey methods – extensions; 11. Social accounting matrices; 12. Energy input-output analysis; 13. Environmental input-output analysis; 14. Mixed and dynamic models; 15. Additional topics; Postscript.

What People are Saying About This

From the Publisher

“Generations of scholars and practitioners in input-output grew up with Miller and Blair (MB). The last generation had to learn the trade using a worn out copy from the library or a thumbed xerox copy of a xerox copy of MB. With the new version, MB2, input-output seems well equipped for future generations. […] MB has been THE input-output textbook for the past decades. I anticipate that MB2 will be THE textbook in input-output for many decades to come.” - ERIK DIETZENBACHER, University of Groningen

“Miller and Blair have done a great service by updating and expanding their important book. The long-anticipated second edition is remarkably comprehensive. No other source is so thorough, clear, and authoritative. Input-Output Analysis is both text book and indispensable reference work. Beginners will start with the fundamentals of the model, including theory, algebra, and data issues. Experts will realize how much more there is to learn and be directed, via ample references, to journal articles and advanced books. If they study this book, skilled practitioners and consultants who do economic impact studies will avoid logical errors and nonsensical results.” - ANDREW ISSERMAN, University of Illinois at Urbana-Champaign

“The new edition of Miller and Blair’s superb volume on input-output analysis covers much of the same ground as the first edition but in even greater depth. The chapters on energy and environmental input-output analysis have been significantly expanded reflecting the heightened interest in environmental/energy-economy interactions. However, new chapters on social accounting matrices build a bridge to analysis of structural decomposition, and lead to links with general equilibrium models. Additional chapters on supply side models, expanded coverage of non-survey methods and mixed and dynamic models provide, in one volume, an impressive intellectual smorgasbord of theory and applications that will serve both the academic community and practitioners.” - GEOFFREY HEWINGS, University of Illinois at Urbana-Champaign

“This long-awaited Second Edition of Miller and Blair’s Input-Output Analysis: Foundations and Extensions is destined to become a bestseller. They methodically and excellently review in fourteen chapters the basic input-output accounts, and they expand the accounting framework to new energy, environmental, and ecological issues. Readers should grab a copy to learn the basics, but, most importantly, to update their knowledge with the latest accounting concepts, and to learn in each chapter how to apply the accounting basics to sample problems of analysis.” - KAREN R. POLENSKE, Massachusetts Institute of Technology

Editorial Reviews

‘It is not an exaggeration to call this book the Bible of input-output practitioners. Past editions of this book have served as the undergraduate and post-graduate textbook, introducing scholars from outside the Economics discipline to extended topics such as social accounting, resource depletion, pollution, and environmental impacts. The book has recently enjoyed increased popularity and attention at higher levels of academic and decision-making impact. Therefore, this latest edition book is a timely update of a truly seminal foundation.’ Manfred Lenzen, The University of Sydney

‘This book comes just at a time when multi-country input-output analysis has become the key instrument to understand the economic, social and environmental consequences of international trade flows between sectors, global value chains or supply chains disruptions, caused for example by COVID-19. The authors draw on the traditional literature and expand it again very smartly to incorporate the latest advances in input-output analysis, thus offering the reader a reference unique for students, professionals, researchers and policy makers around the world.’ José M. Rueda-Cantuche, European Commission Joint Research Centre

‘Since the publication of the second edition of this book, the world changed rapidly when production activities became organized in global value chains and we started to realize that our consumption at home also had environmental consequences on the other side of the globe. To handle the new circumstances, today’s analyses require global input-output tables and models. This new, third edition includes a discussion of such tables and models, and their application to relevant issues such as climate change and international trade. In other words, the input-output textbook is up-to-date again.’ Erik Dietzenbacher, University of Groningen

‘The expanding community of scholars and practitioners who have used the prior two editions will welcome the addition of a third version that addresses the increasing use of input-output systems in environmental and trade modeling, with attention to life-cycle analysis and value chains. This edition retains the book’s stature as an amazingly valuable digestion of an ever-expanding literature that is presented in a logical and clear fashion.’ Geoffrey J.D. Hewings, University of Illinois

'It is highly difficult if not impossible for input-output researchers to write a new textbook on the field, because they already have at hand Input-Output Analysis: Foundations and Extensions. This book is so comprehensive in coverage and continuously evolving for updates, allowing very little room for other scholars to supplement. The book also embraces readers of differing levels and areas of interest, from university undergraduates to professionals, from trade economists to environmental analysts, which again makes it hard to imagine a substitute of any kind. The book is really a must-read literature.' Satoshi Inomata, The President of the International Input-Output Association & Chief Senior Researcher of Institute of Developing Economies, JETRO

From the Publisher