ABSTRACT
Most of the estimations carried out in Chapters 4–6 are illustrated in the current chapter with the use of an input–output table of the U.S. economy of 2014 aggregated into five sectors: namely, agriculture, manufacturing, utilities, finance-real estate and services. The capital stock matrix is also constructed using the investment flows table from the OECD of 1990 and the capital stock per industry from the socio-economic accounts. Using input–output data from the WIOD, we estimate the price paths, the wage–profit curves and construct the hyper-basic industry. All estimates are illustrated in step-by-step fashion, so the interested in reader can make comparisons looking at the actual data and, furthermore, apply the analysis to other data and countries.
