Abstract
The elasticity of imports with respect to final demand, calculated from the 1964 and 1970 input-output tables for Austria, is equal to 1.35. Input-output analysis makes it possible to show how the value of the import elasticity is related to following structural changes: i) Changes in the shares of final demand components (i.e. of consumption, capital formation and exports) on total final demand; ii) changes in the pattern of final demand components; iii) changes in the technology matrix; iv) substitution of domestic output by imports in the final demand; and v) substitution of the domestic output by imports in the intermediate demand.
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Skolka, J.V. Input-output anatomy of import elasticities. Empirical Economics 2, 123–136 (1977). https://doi.org/10.1007/BF01760396
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DOI: https://doi.org/10.1007/BF01760396