{"id":57919,"date":"2023-12-01T20:16:14","date_gmt":"2023-12-01T19:16:14","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/the-concept-of-functionalities-in-a-macroeconomic-modelling-framework-insights-for-austria\/"},"modified":"2025-07-08T17:48:08","modified_gmt":"2025-07-08T15:48:08","slug":"the-concept-of-functionalities-in-a-macroeconomic-modelling-framework-insights-for-austria","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/57919\/","title":{"rendered":"The Concept of \"Functionalities\" in a Macroeconomic Modelling Framework \u2013 Insights for Austria"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-57919","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"EconTrans Working Paper #3","text":"In this paper we take up the challenge to integrate new aspects into macroeconomic modelling and to consider economic activities from an outcome-oriented perspective, so called functionalities. The basic idea is, that functionalities lie behind the demand for commodities and services and therefore are the actual reason for economic activities. Functionalities describe (basic) human needs, such as housing, nutrition, or mobility, and are determinants of human well-being. A crucial aspect of functionalities is the interaction between stocks and flows. The paper presents the operationalisation of functionalities within the framework of an Input-Output (IO) model. Three extensions of the IOT are performed: Firstly, an appropriate allocation of energy supply, transformation and demand to sectors is made. This allows linking the monetary structure with physical units of the total energy and useful energy balances. Secondly, greenhouse gas emissions and other material consumption were additionally allocated to sectoral production. Thirdly, groups of goods of private and public consumption as well as exports were allocated to specific functionalities.","onlinedate":"2021-07-09 12:00:00","lang":"English","publication_series":"","publication_date":"20210701","publication_date_year":"","publication_date_full":false,"publication_num_pages":"41","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":428517,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"635","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":"2021-07-09 12:00:00","types":[44410],"research_groups":[3655],"collaboration":"","persons":[3743,3671,4953,13433,16689,16691,13041],"persons_data":"[{\"personId\":3743,\"personName\":\"Mark Sommer\",\"organisationNames\":[]},{\"personId\":3671,\"personName\":\"Angela K\u00f6ppl\",\"organisationNames\":[]},{\"personId\":4953,\"personName\":\"Stefan Schleicher\",\"organisationNames\":[]},{\"personId\":13433,\"personName\":\"Gabriel Bachner\",\"organisationNames\":[]},{\"personId\":16689,\"personName\":\"Jakob Mayer\",\"organisationNames\":[]},{\"personId\":16691,\"personName\":\"Laura Fischer\",\"organisationNames\":[]},{\"personId\":13041,\"personName\":\"Karl W. 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(2021). <span>The Concept of \\\"Functionalities\\\" in a Macroeconomic Modelling Framework \u2013 Insights for Austria: EconTrans Working Paper #3<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (635).<\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Sommer M<\\\/span><span>, K\u00f6ppl A<\\\/span><span>, Schleicher S<\\\/span>, Bachner G, Mayer J, Fischer L et al. <span class=\\\"title\\\"><span>The Concept of \\\"Functionalities\\\" in a Macroeconomic Modelling Framework \u2013 Insights for Austria: <span class=\\\"subtitle\\\">EconTrans Working Paper #3<\\\/span><\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2021 Jul;(635).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{2926cea9b19b401d9bfbfb3d6cb8d55a,<\\\/div><div>  title    = \\\"The Concept of {\\\"}Functionalities{\\\"} in a Macroeconomic Modelling Framework \u2013 Insights for Austria: EconTrans Working Paper \\\\#3\\\",<\\\/div><div>  abstract = \\\"In this paper we take up the challenge to integrate new aspects into macroeconomic modelling and to consider economic activities from an outcome-oriented perspective, so called functionalities. The basic idea is, that functionalities lie behind the demand for commodities and services and therefore are the actual reason for economic activities. Functionalities describe (basic) human needs, such as housing, nutrition, or mobility, and are determinants of human well-being. A crucial aspect of functionalities is the interaction between stocks and flows. The paper presents the operationalisation of functionalities within the framework of an Input-Output (IO) model. Three extensions of the IOT are performed: Firstly, an appropriate allocation of energy supply, transformation and demand to sectors is made. This allows linking the monetary structure with physical units of the total energy and useful energy balances. Secondly, greenhouse gas emissions and other material consumption were additionally allocated to sectoral production. Thirdly, groups of goods of private and public consumption as well as exports were allocated to specific functionalities.\\\",<\\\/div><div>  author   = \\\"Mark Sommer and Angela K{\\\\\\\"o}ppl and Stefan Schleicher and Gabriel Bachner and Jakob Mayer and Laura Fischer and Steininger, \\\\{Karl W.\\\\}\\\",<\\\/div><div>  note     = \\\"The Concept of {\\\"}Functionalities{\\\"} in a Macroeconomic Modelling Framework \u2013 Insights for Austria. EconTrans Working Paper \\\\#3\\\",<\\\/div><div>  year     = \\\"2021\\\",<\\\/div><div>  month    = jul,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - The Concept of \\\"Functionalities\\\" in a Macroeconomic Modelling Framework \u2013 Insights for Austria<\\\/p><p>T2  - EconTrans Working Paper #3<\\\/p><p>AU  - Sommer, Mark<\\\/p><p>AU  - K\u00f6ppl, Angela<\\\/p><p>AU  - Schleicher, Stefan<\\\/p><p>AU  - Bachner, Gabriel<\\\/p><p>AU  - Mayer, Jakob<\\\/p><p>AU  - Fischer, Laura<\\\/p><p>AU  - Steininger, Karl W.<\\\/p><p>N1  - The Concept of \\\"Functionalities\\\" in a Macroeconomic Modelling Framework \u2013 Insights for Austria. EconTrans Working Paper #3<\\\/p><p>PY  - 2021\\\/7<\\\/p><p>Y1  - 2021\\\/7<\\\/p><p>N2  - In this paper we take up the challenge to integrate new aspects into macroeconomic modelling and to consider economic activities from an outcome-oriented perspective, so called functionalities. The basic idea is, that functionalities lie behind the demand for commodities and services and therefore are the actual reason for economic activities. Functionalities describe (basic) human needs, such as housing, nutrition, or mobility, and are determinants of human well-being. A crucial aspect of functionalities is the interaction between stocks and flows. The paper presents the operationalisation of functionalities within the framework of an Input-Output (IO) model. Three extensions of the IOT are performed: Firstly, an appropriate allocation of energy supply, transformation and demand to sectors is made. This allows linking the monetary structure with physical units of the total energy and useful energy balances. Secondly, greenhouse gas emissions and other material consumption were additionally allocated to sectoral production. Thirdly, groups of goods of private and public consumption as well as exports were allocated to specific functionalities.<\\\/p><p>AB  - In this paper we take up the challenge to integrate new aspects into macroeconomic modelling and to consider economic activities from an outcome-oriented perspective, so called functionalities. The basic idea is, that functionalities lie behind the demand for commodities and services and therefore are the actual reason for economic activities. Functionalities describe (basic) human needs, such as housing, nutrition, or mobility, and are determinants of human well-being. A crucial aspect of functionalities is the interaction between stocks and flows. The paper presents the operationalisation of functionalities within the framework of an Input-Output (IO) model. Three extensions of the IOT are performed: Firstly, an appropriate allocation of energy supply, transformation and demand to sectors is made. This allows linking the monetary structure with physical units of the total energy and useful energy balances. Secondly, greenhouse gas emissions and other material consumption were additionally allocated to sectoral production. Thirdly, groups of goods of private and public consumption as well as exports were allocated to specific functionalities.<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Working Papers<\\\/p><p>JF  - WIFO Working Papers<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Concept of &quot;Functionalities&quot; in a Macroeconomic Modelling Framework \u2013 Insights for Austria - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/57919\/\" \/>\n<meta property=\"og:locale\" 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