Input–output model
QUANTITATIVE ECONOMIC MODEL THAT REPRESENTS THE INTERDEPENDENCIES BETWEEN DIFFERENT SECTORS OF A NATIONAL ECONOMY OR DIFFERENT REGIONAL ECONOMIES
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In economics, an input–output model is a quantitative economic model that represents the interdependencies between different sectors of a national economy or different regional economies.Thijs Ten Raa, Input–Output Economics: Theory and Applications: Featuring Asian Economies, World Scientific, 2009 Wassily Leontief (1906–1999) is credited with developing this type of analysis and earned the Nobel Prize in Economics for his development of this model.