Author, as appears in the article.: Llop M

Department: Economia

URV's Author/s: Llop Llop, Maria

Keywords: Social accounting matrix Price impacts Output Multipliers Model Inter-regional and intra-regional price transmission Impacts Cost linkages

Abstract: © 2020 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group The International Input--Output Association. The literature of inter-regional social accounting matrices (SAM) focuses on quantity-oriented models that determine the transmission of income impacts. This paper develops a price version to identify the channels of price transmission at the inter-regional (or inter-country) level. The method proposed divides the total multiplier effects into intra-regional price multipliers (i.e. the cost impacts within a region), open loop inter-regional price multipliers (i.e. the cost impacts from one region on another by quantifying all the within-region impacts), and closed loop inter-regional price multipliers (i.e. the circular cost impacts transiting through the accounts in the other region and returning to the starting region). In addition, the intra-regional multipliers are divided into the intra-account, the inter-account and the cross-account (circular) effects. The empirical application, which uses a bi-regional SAM that distinguishes the United States (USA) and China (CHN), highlights the importance of the within-region interdependences for explaining price impacts.

Thematic Areas: Economics and econometrics Economics Economia Ciencias sociales Business and management

licence for use: https://creativecommons.org/licenses/by/3.0/es/

ISSN: 09535314

Author's mail: maria.llop@urv.cat

Author identifier: 0000-0001-6609-7528

Record's date: 2023-02-19

Papper version: info:eu-repo/semantics/publishedVersion

Link to the original source: https://www.tandfonline.com/doi/full/10.1080/09535314.2020.1804331

Licence document URL: http://repositori.urv.cat/ca/proteccio-de-dades/

Papper original source: Economic Systems Research. 33 (4): 492-508

APA: Llop M (2021). Defining prices in an inter-regional SAM system. Economic Systems Research, 33(4), 492-508. DOI: 10.1080/09535314.2020.1804331

Article's DOI: 10.1080/09535314.2020.1804331

Entity: Universitat Rovira i Virgili

Journal publication year: 2021

Publication Type: Journal Publications