MEASURING THE EFFECT OF COST VARIATION ON INDUSTRIAL OUTPUTS*
提出家庭交互式可变投入产出模型，用于衡量成本变动对产业产出的影响，并利用1980年韩国投入产出表计算工资和进口价格对产业价格、产出和进口需求的影响。
ABSTRACT. This paper introduces the household interactive variable input‐output (HIVIO) model to measure the effect of cost variation on industrial outputs. The model produces a variety of cost elasticities that separate out impacts on industrial prices, imports, and outputs, with “own” and “cross” elasticity components. Like the conventional input‐output multipliers, these cost elasticities can be useful parameters to evaluate the substituting behavior of firms and consumers. By using the 1980 Korean input‐output transactions table, we find the wage and import price effects on industrial prices, outputs, and import demands.