Measuring US sectoral shocks in the world input–output network

Sakai Ando

Economics Letters, 2014, vol. 125, issue 2, 204-207

Abstract: I measure the importance of sectoral shocks in US aggregate output by using the World Input–Output Table (WIOT). The WIOT allows me to correct potential sub-graph bias in previous literature, caused by using only the US industrial production input–output table. I report results from three closely related models to show how sensitive the analyses are to different specifications. The estimates vary from 10% to 45%.

Keywords: Sectoral shock; Aggregate fluctuation; Production network; Factor analysis (search for similar items in EconPapers)
JEL-codes: C13 E10 E30 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:125:y:2014:i:2:p:204-207

DOI: 10.1016/j.econlet.2014.09.007

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