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Why Do We Need to Estimate “the Final Output” through the Output-Output Model in the Circulation of Production?

Ho Un Gim 1

1계명대학교

Accredited

ABSTRACT

In 2009, a new “Output-Output(OO) model” and table were originally developed by the author to solve the consecutive connection and overestimation problems naturally together through the circulation system of production derived from the interdependent relationship between final demand, total output, and final output. On the basis of the latest research findings in the literature of Output-Output model, the specific objectives of this paper are summarized as follows. (1) We verify the characteristics and economic interpretations of a new circulation system of production between input-output(IO), output-output(OO), and final demand-final output(FF) models. (2) We establish the various frames of economic analysis, based on the concepts of intermediate and final outputs, through the newly developed Output-Output model. (3) We perform an empirical analysis using the computed values of total and final outputs through the 2007 Output-Output Table of Korea constructed by the author.

Citation status

* References for papers published after 2022 are currently being built.