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Both direct and indirect linkage effects could be captured under this model to analyse sectoral impact of output change.
As one would expect, the proportional impact of output changes on total hours worked approximately equals the sum of its proportional impact on employment and working time9.
In order to explore to what extent the impact of output on the labour market of interest can be summarised by a contemporaneous relationship as in (2a) or whether some of the impact of output only occurs with a lag, the model is also estimated by lagging output changes and STW take-up by, respectively, one and two quarters.
STW has a tendency to mitigate the unemployment impact of output shocks: the increase in unemployment as a result of a reduction in output tends to be smaller in the context of STW.
Moreover, the impact of STW on the elasticity of the unemployment rate with respect to output materialises only with a lag, reflecting the lagged impact of output changes on employment.
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Kenmare is trading at a significant discount to our 36p a share net asset value because of soft product markets and the impact on output of erratic power.
The income multiplier translates the impacts of output changes into changes in income received by households.
This result seems inconsistent with the prevailing negative impact on output of financial commodities described by Fig. 3.
Direct effects refer to the impact on output of the industry/development. Indirect effects refer to the impact arising from downstream or upstream inter-sectoral linkages, such as the income or jobs accruing to suppliers.
Advanced bibliometric techniques, integrated systematically with other methods for assessing the full range of impact of scientific output, can yield important information for evaluation and monitoring an entity's productivity.
Here we use a computable general equilibrium model to analyse the impacts of output-based allocation, given the possibility of recycling net revenues to reduce prior distorting taxes.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com