MEASURING THE EFFECT OF COST VARIATION ON INDUSTRIAL OUTPUTS*

ABSTRACT. This paper introduces the household interactive variable input-output (HIVIO) model to measure the effect of cost variation on industrial outputs. The model produces a variety of cost elasticities that separate out impacts on industrial prices, imports, and outputs, with “own” and “cross” elasticity components. Like the conventional input-output multipliers, these cost elasticities can be useful parameters to evaluate the substituting behavior of firms and consumers. By using the 1980 Korean input-output transactions table, we find the wage and import price effects on industrial prices, outputs, and import demands.     

Late pleistocene human adaptations in eastern North America

Eastern North America in late Pleistocene times was characterized by two major environmental regions: a periglacial tundra or open spruce parkland and an extensive complex boreal/deciduous forest in the unglaciated, lower latitudes. These environments selected for different adaptive strategies on the part of human foraging groups—known archaeologically as Paleoindians. Those in the tundra and tundra-forest region were highly mobile, possibly specialized hunters, exploiting caribou; those in the forest were generalists, exploiting a variety of subsistence resources with a less mobile settlement system. There is little evidence in either area for hunting of Pleistocene megafauna. These differences in adaptive strategies are reflected in the record of sites and isolated fluted points scattered throughout the region, as well as aspects of tool technology, function, and patterns of stone use.