Multilateral Comparison of Cost Structures in the Input–Output Tables of Japan,the US and West Germany |
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| Authors: | Kiyoshi Fujikawa Hiroshi Izumi Carlo Milana |
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| Institution: | 1. Osaka University of Economics , 2–2-8 Osumi, Osaka , 533 , JapanHigashi-yodogawa;2. ISPE (Institute of Studies for Economic Planning) , Corso Vittorio Emanuele, 282, Rome , 1–00186 , Italy(to whom correspondence should be addressed) |
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| Abstract: | This paper presents a multilateral comparison of relative levels and structures of costs of production in Japan, the US and West Germany. The analysis is carried out by using harmonized input–output tables, which are converted at US prices by using adjusted sectoral purchasing power parities. A new accounting methodology is derived from recent developments of index number theory, whereas the chosen multilateral comparison procedure gives results that are invariant with respect to the order of the pairs of countries examined. |
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| Keywords: | Input–output total factor productivity costs of production multilateral comparisons |
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