Economic structure is uniquely represented in the input-output matrix of interindustry transactions. Although changes in this matrix representation reflect certain changes in economic structure, there is no consensus on the measurement and interpretation of these changes. This paper assesses the utility of constant causative matrix methods for measuring, for interpreting, and potentially for forecasting structural economic change. The paper concludes with a discussion of special considerations and future research directions.
ASJC Scopus subject areas
- Economics and Econometrics