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DISAGGREGATION OF STRUCTURAL CHANGE IN THE AMERICAN ECONOMY: 1947–1966
Author(s) -
BEZDEK ROGER H.,
WENDLING ROBERT M.
Publication year - 1976
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.1976.tb01149.x
Subject(s) - consumption (sociology) , final demand , economics , production (economics) , structural change , product (mathematics) , economy , agricultural economics , macroeconomics , mathematics , social science , geometry , sociology
This paper utilizes input‐output techniques to disaggregate and analyze structural change in the American economy between 1947 and 1966, focussing on the subperiods 1947‐58, 1958‐63, and 1963‐66‐periods determined by the availability of input‐output tables for the terminal years. There was wide variability in the changes in output requirements among industries, but in all periods changes in final demand and in input‐output coefficients tended to reinforce each other. Increases in final demand for an industry's output tended to be accompanied by increases in demand for its product as intermediate input, and vice versa. Plastics, utilities, drugs, and computing machines showed increases for both final consumption and intermediate consumption, whereas such industries as coal, wooden containers, and leather products were of declining importance for both consumption and production.