The present day economic circumstances require the design of policy controls strongly oriented to specic industrial sectors suitable for supporting output and mitigate the eect of recession. Within the scientic debate the implementation of such policies highlights a set of problems of choice of the macro variables that make up the policy control - nal demand components, disposable income or other - of the determination of its amount, structure and balance. In a multi-sectoral framework these issues require a careful identication of the relationship among amount and structure of the policy control - which normally is brought back to a demand control - since the aggregation criterion in uences the achievable results and their interpretability. The Macro Multiplier approach, which extends the Leontief multipliers analysis, identies the complete representation of the structures of the macro variables, components of nal demand, consistent with the technologies in use. The set of MM gives then a set of scalars in which each MM operates, in an aggregated fashion, on an associated structure of the macro variable in a multiplicative way. The potentialities of the reply in the objectives will rise out, as well as the compatibility of the nal demand structures with the technologies characterizing the producing processes. Within the contributions on the attempt to attenuate a recession phase through demand oriented policies, the work proposed tries to identify the "convenient" composition of the policy control variable and its impact on production. The application is performed on an Input-Output table for the year 2007.

BALANCE, MANHATTAN NORM AND EUCLIDEAN DISTANCE OF INDUSTRIAL POLICIES FOR THE US.

CIASCHINI, Maurizio;SOCCI, CLAUDIO;PRETAROLI, ROSITA
2009-01-01

Abstract

The present day economic circumstances require the design of policy controls strongly oriented to specic industrial sectors suitable for supporting output and mitigate the eect of recession. Within the scientic debate the implementation of such policies highlights a set of problems of choice of the macro variables that make up the policy control - nal demand components, disposable income or other - of the determination of its amount, structure and balance. In a multi-sectoral framework these issues require a careful identication of the relationship among amount and structure of the policy control - which normally is brought back to a demand control - since the aggregation criterion in uences the achievable results and their interpretability. The Macro Multiplier approach, which extends the Leontief multipliers analysis, identies the complete representation of the structures of the macro variables, components of nal demand, consistent with the technologies in use. The set of MM gives then a set of scalars in which each MM operates, in an aggregated fashion, on an associated structure of the macro variable in a multiplicative way. The potentialities of the reply in the objectives will rise out, as well as the compatibility of the nal demand structures with the technologies characterizing the producing processes. Within the contributions on the attempt to attenuate a recession phase through demand oriented policies, the work proposed tries to identify the "convenient" composition of the policy control variable and its impact on production. The application is performed on an Input-Output table for the year 2007.
2009
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11393/44799
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