Future: What to Forget, to Maintain and to Extend

What is it about?

This book has shown that the four basic IO models are unsuited as prediction models. Demand-driven IO models, however, are shown to be a perfect descriptive device to measure the direct and indirect value added or natural resources embodied per unit consumption or exports etc., whereas IOTs, or better SUTs, or even better SAMs, have proven to provide the indispensable data for ever more sophisticated, econometrically extended IO models and interindustry CGE models, both for single and for multiple regions and nations.

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