Input-Output

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Input-Output

 

a method of the simultaneous description of expenditures for the production of specified products and the use (distribution) of the production. The method was first used in the USSR in calculating the intersectoral balance as a part of the national economic balance for 1923–24. In capitalist countries the input-output method was used in the 1930’s for studying the structure of the American economy. In the input-output method the expenditures for and the distribution of production are clearly shown on a table resembling a chess board; in the table a line and a column correspond to each type of product included in the nomenclature. The elements shown in each column characterize the use of the production as input for the production of all the other products being analyzed, as well as for other purposes.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
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With this update, net output ratios will be based on 2012 Input-Output Account data from the Bureau of Economic Analysis (BEA) of the U.S.
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Mori, T and Sasaki H (2007) "Interdependence of production and income in Asia-Pacific economies: an international input-output approach", Bank of Japan Working Paper, Series No.
The industry accounts consist of the annual industry accounts (the input-output accounts and the gross-domestic-product-by-industry accounts), the benchmark input-output accounts, and one satellite account.
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