Mathematics in Education, Research and Applications (MERAA), 2018(4), 1
Published online 2018-12-18
Input-output modeling approach to measuring structural shift of output and macroeconomic productivity: the case of Slovakia
Slovak university of Agriculture in Nitra, Nitra, Slovak Republic
Article Fulltext (PDF), pp. 39–48
- The scope of the paper was an analysis of structural relations, sectoral output and changes in Slovak economy between the time periods
of 2010 – 2014. As a main research method was used the input-output analysis, based on the Leontief input-output model. The results have shown, that in
terms of the sectoral output, the highest production multipliers were found in sector of Industry (2.72), Financials (1.88) and Energetics (1.86).
In terms of structural relations among the sectors highest spillover effects were recorded by the sector of Accomodation (1.44), Administrative services
(1.53) and Professional services (1.35). Finally, most profounding structural changes in terms of the sectoral output were recorded in case of the Mining,
Construction and Financials. Also, in these sectors, main driving forces had acted contradictory and thus countervailing.
- Keywords: structural changes, Leontief input-output model, input-output tables
- JEL Classification: E160, C1