全球智库信息集成服务系统(G2TT): DP11547 Income Differences and Input-Output Structure

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP11547
	DP11547 Income Differences and Input-Output Structure
	Harald Fadinger; Mariya Teteryatnikova; Christian Ghiglino
发表日期	2016-09-30
出版年	2016
语种	英语
摘要	We consider a multi-sector general equilibrium model with input-output (IO) linkages and sector-specific productivities to investigate how the IO structure interacts with sectoral productivities in determining cross-country differences in aggregate income per worker. Using tools from network theory, we show that aggregate income can be approximated as a simple function of the first and second moments of the joint distribution of the IO multipliers and sectoral productivities. We then estimate the parameters of the model to fit their joint empirical distribution. Poor countries have few high-multiplier sectors, while most sectors have very low multipliers; by contrast, rich countries have more sectors with intermediate multipliers. Moreover, the correlations of sectoral IO multipliers with productivities are positive in poor countries, while being negative in rich ones. The estimated model predicts cross-country income differences extremely well and significantly better than a multi-sector model without IO linkages. Finally, we perform a number of counterfactuals and compute optimal tax rates.
主题	Macroeconomics and Growth
关键词	Input-output structure Networks Productivity Cross-country income differences Development
URL	https://cepr.org/publications/dp11547
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/540361
推荐引用方式 GB/T 7714	Harald Fadinger,Mariya Teteryatnikova,Christian Ghiglino. DP11547 Income Differences and Input-Output Structure. 2016.