A Variable Input-Output Model for Inflation, Growth, and Energy for the Korean Economy.
NAVAL POSTGRADUATE SCHOOL MONTEREY CA
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Regional multipliers are a useful and popular tool in the economic study of a region. However, conventional regional multipliers derived from a static input-output model fail to provide the time path of the impact over period. In many cases, the time restricts the impact within a year period. To alleviate the problem, this thesis introduces a regional dynamic multiplier model which spreads the impact out over time. In the absence of technical change, each periods multiplier adds up to the static multiplier. Utilizing the Korean economy data, the thesis estimates the capital coefficients and the dynamic multipliers for the Korean economy. Finally, it provides a comparative simulation study in addition to the dynamic multipliers for various industry. Author
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