An Input Output Analysis Model for the Spanish Economy Based on Working Hours

Abstract

In labor economics, the input-output models have had little development. In the second half of the 20th century, various input-output analyses focused on the use of time in the German economy were initiated and resulted in the Input output tables of time (TIOT). However, despite the fact that this methodology has been included in the manual published by Eurostat on the elaboration of input-output frameworks, there is little research and analysis with this type of tables.

In this study we obtained the TIOT for the Spanish economy in 2016 and on the basis of the analysis of Passinetti and Saffra on interindustry relationships,, it presents an analysis of input-output on the basis of the TIOT which gives rise to an open model of Leontief, and a model of shadow prices for the hours worked, which can be used for the analysis of the impacts on the economy that lead to changes in the distribution of hours worked in consequence of the extension of new technologies.