The Relationship Between Final Consumption and Economic Sectors – A Structural Path Analysis Approach

There are many ways to measure the importance and the level of interdependent impact between consumption and production, in which structural path analysis is considered as one of the most powerful methods. Application of extended structural path method captures not only the linkages within the production system but also the transfer of the induced effect into different layers of impacts. Final demand purchases initiate production processes that ultimately lead to grow sectoral output into various channels. This evaluates the role of consumers' decisions in determining the production scale. The previous findings show that it is necessary to require two approaches for policy to focus on sustainable production in order to fully identify important sectors in conditions of limited resources.
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The Relationship Between Final Consumption and Economic Sectors – A Structural Path Analysis Approach