Measuring US sectoral shocks in the world input-output network

被引：21

作者：

Ando, Sakai ^{[1
]}

机构：

[1] Columbia Univ, New York, NY 10027 USA

来源：

ECONOMICS LETTERS | 2014年 / 125卷 / 02期

关键词：

Sectoral shock; Aggregate fluctuation; Production network; Factor analysis; FACTOR MODELS;

D O I：

10.1016/j.econlet.2014.09.007

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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%. (C) 2014 Elsevier B.V. All rights reserved.

引用

页码：204 / 207

页数：4

共 8 条

[1] Inferential theory for factor models of large dimensions. [J].