Measuring US sectoral shocks in the world input–output network |
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Authors: | Sakai Ando |
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Institution: | Columbia University, 420 W. 118th Street, MC 3308, New York, NY, 10027, USA |
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Abstract: | I measure the importance of sectoral shocks in US aggregate output by using the World Input–Output Table (WIOT). The WIOT allows me to correct potential sub-graph bias in previous literature, caused by using only the US industrial production input–output table. I report results from three closely related models to show how sensitive the analyses are to different specifications. The estimates vary from 10% to 45%. |
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Keywords: | E10 E30 C13 |
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