This function creates the data objects (matrices, vectors and scalars) necessary to implement the SI and NI.
Usage
createdata(country, year, datasea, dataio)
Value
A list with the following elements:
Ahat
The input-output matrix
l
The direct labor input vector (complex labor)
l_simple
The direct labor input vector (simple labor)
Q
The gross output vector
wavg
The average or uniform nominal wage rate
wagevector_all
The vector of nominal wage rates
vlp
Value of labor power
b
The consumption or real wage bundle
pshare
Average profit share
Arguments
country
country code as a character (e.g. "USA").
year
year (eg. 2000).
datasea
the socio economic accounts (data frame).
dataio
the input-output (data frame).
References
Basu, Deepankar and Moraitis, Athanasios, "Alternative Approaches to Labor Values andPrices of Production: Theory and Evidence" (2023). Economics Department Working Paper Series. 347. URL: https://scholarworks.umass.edu/econ_workingpaper/347/