Concept information
Preferred term
input-output models
Definition
- Developed by Wassily Leontief in 1936, input-output models are an alternative to simple economic base and Keynesian approaches to modeling an economic system. Essentially, the models are used to describe and analyze forward and backward economic linkages between industries. [Source: Encyclopedia of Geography; Input-Output Models]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/input-output_models
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