earticle

영어

In 2009, a new󰡒Output-Output(OO) model and table󰡓were developed and constructed by the author for the 2000 Input-Output Tables of Korea to solve the consecutive connection problem and the limit on net multipliers together, which was introduced first by Oosterhaven and Stelder(2002), through the output requirements matrix for output derived from the decomposition by factors in the Input-Output(IO) model. On the basis of the latest research findings and results in the economic literature on Output-Output analysis, the specific objectives of this study can be summarized as follows. (1 ) We clarify the interdependent relationship between final demand(), total output(), and final output() through a new circulation system of production based on IO, OO, and FF(final demand-final output) models. (2) We derive three types of Output-Output multipliers: ① total output-final output multipliers(), ② total output-total output multipliers(), and ③ final output-final output multipliers() on the basis of the newly developed Output-Output model, and then we explore the characteristics and economic meanings of the three different multipliers developed by the above. (3) We examine the economic interpretations and compare the differences among the Output-Output multipliers, which have the different interindustry relationships of multi-sector multiplier, for the 2007 Input-Output Tables of Korea compiled by the Bank of Korea. The major findings from the empirical analysis are followed below. (1) When comparing the averages of multiplier effects, it was shown in general that >>. (2) The Spearman's rank correlation coefficients (SRCC) between the multipliers showed fairly higher (positive) correlations.