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A CONVENIENT MULTISECTORAL POLICY CONTROL FOR ICT IN THE US ECONOMY
Author(s) -
Ciaschini Maurizio,
Pretaroli Rosita,
Socci Claudio
Publication year - 2009
Publication title -
metroeconomica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.256
H-Index - 29
eISSN - 1467-999X
pISSN - 0026-1386
DOI - 10.1111/j.1467-999x.2009.04054.x
Subject(s) - economics , multiplier (economics) , control (management) , macro , variable (mathematics) , set (abstract data type) , policy analysis , control variable , policy mix , matrix (chemical analysis) , mathematical economics , computer science , economy , macroeconomics , mathematics , political science , management , mathematical analysis , machine learning , law , programming language , materials science , composite material
Through the application of the Macro Multiplier (MM) approach on an Input–Output matrix for US economy in year 2005, the paper identifies the ‘convenient’ structure of a policy control on final demand, oriented to a particular policy objective. The approach quantifies a set of aggregated scale effects, called MM, and the associated structures of both policy and objective variables. In this way the policy maker can both get a complete picture of the patterns of the objective that can be attained and determine a ‘convenient’ structure of the policy variable that compels the model towards those patterns.