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Article: The Leontief-BLS partnership: a new framework for measurement.(Bureau of Labor Statistics' use of Wassily Leontief's input-output analysis model)(Statistical Data Included)
- Article from:
- Monthly Labor Review
- Article date:
- June 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 U.S. Bureau of Labor Statistics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The ongoing collaboration between Wassily Leontief and the Bureau of Labor Statistics was mutually beneficial, bringing to Leontief confirmation of the utility of input-output analysis and to the Bureau tables that remained useful for decades to come
"The Department of Labor," according to Wassily Leontief, "was the first government agency to take an active interest in the `input-output' approach to the study of the American economy and the continual cooperative relationship with its Bureau of Labor Statistics has benefited our work most decisively."(1) The specifics of the Bureau's role, however, are not well known. Referring to the forecasts the Bureau made ...