Structural change decomposition through a global sensitivity analysis of input-output models

Marco Percoco, Geoffrey J.D. Hewings, Lanfranco Senn

Research output: Contribution to journalArticle

Abstract

Sensitivity analysis has become an important tool to test the robustness of estimated economic models. In this paper we propose the use of simulation-based sensitivity analysis to identify the fundamental structure of the economy. To show the possibilities of this technique, we provide empirical evidence on the path of structural change occurring in the Chicago economy by running simulations for projected input-output tables over the period 1975-2010.

Original languageEnglish (US)
Pages (from-to)115-131
Number of pages17
JournalEconomic Systems Research
Volume18
Issue number2
DOIs
StatePublished - Jun 1 2006

Keywords

  • Importance matrix
  • Input-output models
  • Sensitivity analysis

ASJC Scopus subject areas

  • Economics and Econometrics

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