G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11547
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
URLhttps://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.
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