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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. |
条目包含的文件 | 条目无相关文件。 |
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