Input-output in Europe: Trends in research and applications

Abstract

Indubitably born in the USA, input-output analysis has an important European history, from its very beginnings in the Soviet Union to the postwar huge development of I/O techniques in West and North Europe. This paper studies the European experience of input-output analysis by surveying and analyzing some of the national experiences and especially the works in Great Britain of Richard Stone and his team. We show in particular how European economists have taken leadership in I/O research since the 1950s and more recently with the creation in 1989 of the journal of the International Input-Output Association, Economic System Research. In the latter European influence tends to focus works on theoretical and methodological issues more than empirical issues and applications.

Keywords

• input-output analysis
• Leontief (Wassily)
• Stone (Richard)
• applied economics
• SAM
• computable general equilibriun models