Information In Input Output Tables

Abstract

In traditional economic theory, the factors of production are considered as labor, land and capital. In the new economy, “knowledge” has been added to these production factors. Information is contained in the products and services sold or constitutes the product and service itself. Since information is a production factor, in this study, a method is introduced about how to place information in the input-output table in order to fully determine the role of information in the economy and to show the information flow. The method of Terleckyj (1974) was preferred for the related method. According to this method, first of all, a matrix called "information matrix" must be obtained. By means of this matrix obtained, in the value added block in the input-output table, besides labor and capital, the information factor; The final demand block includes consumption expenditures, investment expenditures, public expenditures, exports and imports, as well as R&D expenditures.