Open AccessOn the comparison of two approaches to intersectoral balance analysis
Author(s) -
Н. К. Обросова,
А. А. Шананин,
A. V. Spiridonov
Publication year - 2021
Publication title -
journal of physics. conference series
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.21
H-Index - 85
eISSN - 1742-6596
pISSN - 1742-6588
DOI - 10.1088/1742-6596/2131/2/022112
Subject(s) - diversification (marketing strategy) , production (economics) , balance (ability) , economics , computer science , resource (disambiguation) , industrial organization , microeconomics , business , medicine , marketing , physical medicine and rehabilitation , computer network
The diversification of the inter-industry connections of modern economies seriously hindered the analysis of production networks evolution and input-output balances projection, that traditionally was made by the Leontief Input-Output balance model. That is why the new approaches have begun to develop, that take into account the substitutability of products and services in modern supply networks. In this work we discuss the quality of the new approach to the intersectoral linkages analysis, that is based on the nonlinear model of resource allocation with Cobb-Douglas production technologies. We compare this approach with the traditional Leontief’s scheme of intersectoral connection studying. We make evaluations using the both of methods for large economies, that are on different stages of economic development.