Theoretical and Applied Economics
No. 2 / 2017 (611), Summer
Using the input-output model in macroeconomic analysis and forecasting studies
The Bucharest University of Economic Studies, Romania
„Artifex” University of Bucharest, Romania
Alexandru MANOLE
„Artifex” University of Bucharest, Romania
Mădălina-Gabriela ANGHEL
„Artifex” University of Bucharest, Romania
Abstract. In this article the authors present the main aspects of a country's macroeconomic system. It shows that it is a complex structured economic sectors (pure sectors). Also it makes reference to the free market, placing the problem of identifying the interaction of market forces. Inside the national economy there is an intermediate consumption that is showing the amount consumed by branch "c" from all other branches. Input fields are used in this respect in order to show that at a macroeconomic level the model is complex, on the basis of the model calculation and analysis of economic is performed. On the basis of coefficients the existence and intensity of links between branches of national economy is determined. It is important to establish the how aggregation of branches is taking place. The number of branches and the concentration degree are subordinate requirements of study links and proportions that are performed in an economic activity. Aggregation of activities in order to establish the branches used for creating input-output tables is made according to several criteria such as: product identification, common destination of the finished product, similarity raw materials consumed or technological processes and likeness of quantitative structure cost price of production.
The branches for the balance should be homogeneous and represent a grouping of homogeneous production units.
Contents
The role of fiscal policy in the financial crisis. Challenges and solutions
Using the input-output model in macroeconomic analysis and forecasting studies
Panel causality analysis between exchange rates and stock indexes for fragile five
Modeling of stock indices with HMM-SV models
The impact of private sector credit on income inequalities in European Union (15 member states)
Economic freedom, economic growth and international tourism for post-communist (transition) countries: A panel causality analysis
The main correlations between the monetary-banking indicators
Impact of governance on budget deficit in developing countries
Private equity market developments in central and Eastern Europe
Public-Private Partnerships for clean energy investment in developing and emerging economies: Allocating risks and sharing rewards
Science is measurement, yet not all sciences can be evaluated using the same measurement
The effects of real exchange rates and income on the trade balance: A second generation panel data analysis for transition economies and Turkey
Child policy changes and estimation of income distribution effects
An enquiry into the dynamics of real oil prices: A state space approach
Wage inequalities in Romania under successive adjustments in minimum wage levels
An examination of bilateral J-curve: Evidence from Turkey and her 20 major trading partners
Do military expenditures converge in NATO countries? Linear and nonlinear unit root test evidence
Impact of GDP and tax revenue on health care financing: An empirical investigation from Indian states
The relation between foreign direct investments and some economic indicators. The case of Romanian economy
Economic freedom and foreign direct investment in South Asian countries
New software for identification and evaluation of environmental and waste management in the companies
An analysis of the effect of monetary policy changes on macroeconomic factors
The costs of Brexit for UK economy