ABSTRACT

This chapter provides input-output at the regional level, some of the basic fundamentals are most easily described if the regional aspect is ignored. The input-output framework of analysis was developed by Wassily Leontief in the late 1920s and early 1930s. The chapter examines some of the ways in which real-world input-output studies have dealt with the issue of data availability. It also examines the kinds of connections that input-output accounts and models have with other techniques of regional analysis. The chapter explores the character of an input-output model for a single economy in isolation, in the sense that imports from suppliers and exports to buyers outside the economy were treated as exogenous to the model. It also provides regional and interregional input-output is an indispensable tool for providing estimates of the size of the market that not only exists but will come to exist to absorb the output of a firm.