A table of this type shows how the production of interrelated industries depends each on the product of the other.
This type of study involves constructing a table in which each horizontal row describes how one industry's total product is divided among various production processes and final consumption. Numbers added across one row then give the total quantity of product. A table of this type shows how the production of interrelated industries depends each on the product of the other. FTP, identify this type of analysis in econometrics, developed by 1973 Nobel Economics Prize-winner Wassily Leontief.
This type of study involves constructing a table in which each horizontal row describes how one industry's total product is divided among various production processes and final consumption.
{input-output} analysis