Description
Title: Extended Structural Decomposition Analysis for Measuring Technological Change: An Application to EU-28 Primary Sectors (2010–2015)
Abstract: The structural decomposition of input and output for economic analysis is covered in this paper. The goal is to identify the factors that led to production changes in these industries, with a focus on breaking down the technological change into distribution factors connected to a particular normalization of the Leontief inverse. It was attempted to satisfactorily exclude each sector’s own consumption when calculating the net multipliers. To prevent shaky measurements, more research is needed on how to treat own consumption when a time factor is present. The agricultural, forestry, and fishing sectors in six EU-28 nations (Austria, Belgium, France, Germany, Italy, and Spain) from 2010 to 2015 are the subject of an empirical application. The accumulation of a sizeable portion of their own consumption, made possible by the creation of their own symmetric accounting methods, is typically a characteristic of primary sectors. In order to uncover potential analysis techniques that will add nuance or validate existing techniques, attention is therefore concentrated on these sectors.
Keywords: structural decomposition analysis; technological change; primary sectors
Paper Quality: SCOPUS / Web of Science Level Research Paper
Subject: Economics
Writer Experience: 20+ Years
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