Accounting framework Consider a world economy with g countries and n sectors Table l general Inter- Country Input-Output table Outputs Intermediate Use Final demand Total G OUtput Inputs z12z2 z1lry1y2…y1glx1 Intermediate 2221 222 z2gy21 y2 y29‖ly2 Inputs G‖1g1Z z99Yg1 Y92 Y99 X9 Value-added val2Va2|…Vas Total input x),(x2)- Xo)Accounting Framework Table 1 General Inter-Country Input-Output table Outputs Inputs Intermediate Use Final Demand Total 1 2 ⋯ G 1 2 ⋯ G Output Intermediate Inputs 1 𝑍 11 𝑍 12 ⋯ 𝑍 1𝑔 𝑌 11 𝑌 12 ⋯ 𝑌 1𝑔 𝑋 1 2 𝑍 21 𝑍 22 ⋯ 𝑍 2𝑔 𝑌 21 𝑌 22 ⋯ 𝑌 2𝑔 𝑋 2 ⋮ ⋮ ⋮ ⋱ ⋮ ⋮ ⋮ ⋱ ⋮ ⋮ G 𝑍 𝑔1 𝑍 𝑔2 ⋯ 𝑍 𝑔𝑔 𝑌 𝑔1 𝑌 𝑔2 ⋯ 𝑌 𝑔𝑔 𝑋 𝑔 Value-added 𝑉𝑎 1 𝑉𝑎 2 ⋯ 𝑉𝑎 𝑔 Total input (𝑋 1 ) ′ (𝑋 2 ) ′ ⋯ (𝑋 𝑔 ) ′ ◼ Consider a world economy with G countries and N sectors