Bank Transaction Data Meet Input–Output Analysis: Evidence on Inter‐Industry Money Flows
利用企业银行账户交易数据研究行业间资金流动，发现其与投入产出表中的实物流动高度相关，且卖方行业的滞后资金流能显著预测当前资金流，凸显供给侧前向关联的作用。
ABSTRACT This study utilizes novel bank transaction data from business accounts to analyze inter‐industry money flows and their relation to the input–output table. Results reveal a strong correlation between money flows in the bank data and physical flows in the input–output table. Further, lagged money flows from a selling industry significantly predict current money flows, highlighting the role of supply‐side forward linkage in shaping money flow dynamics.