A Generalized Input-Output Multiplier Calculus for Australia

A static, generalized input-output framework for calculating simple multipliers is presented for Australian data. In this framework, capital investment and imports are internalized into domestic inter-industrial intermediate demand, non-square matrices are introduced in order to enable the inclusion of finer detail commodity data, and matrices in both monetary and physical units are employed. A range of labour and energy multipliers are calculated, referring to total output, final demand, final consumption, basic values, producers' prices, purchasers' prices, commodities and industries. Uncertainties of multipliers are assessed in detail, using Monte Carlo simulations.

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