COMMODITY CONTENT IN A GENERAL INPUT-OUTPUT MODEL: A REPLY TO BELLINO, YOSHIHARA AND VENEZIANI

摘要

In the Introduction to their comment, Yoshihara and Vene/iani (2010, hereafter YV) cast doubt on the theoretical meaning of our definition of 'commodity content'.rnFor the reader's convenience, we shall refer here to Bellino's formulation of the 'FO equations', with the understanding that A and B (differently from Bellino's use of them) involve household activities and heterogeneous labour.