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Construction, Stability And Predictability Of An Input-Output Time-Series For Australia

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  • Richard Wood
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    Abstract

    This paper documents the development of a time series of Australian input-output tables. It describes the construction techniques employed in order to overcome the major issues encountered. Environmentally important processes were delineated using a range of detailed commodity data, thus expanding the original tables from roughly 100 industries into a temporally consistent 344 industries. Data confidentiality and inconsistency were overcome using an iterative constrained optimisation method called KRAS - a recent modification of RAS (Lenzen et al. 2006; 2007; 2009). The article concludes by analysing the stability of input-output coefficients over time similar to work in Dietzenbacher and Hoen (2006). The issue of stability of coefficients and multipliers was investigated under the Leontief and Ghosh models of supply/demand. Finally, the predictability of the models was examined under updated final demand or primary inputs and over varying time scales.

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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Economic Systems Research.

    Volume (Year): 23 (2011)
    Issue (Month): 2 ()
    Pages: 175-211

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    Handle: RePEc:taf:ecsysr:v:23:y:2011:i:2:p:175-211

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    Related research

    Keywords: Input-output analysis; Time series; Constrained optimisation; Stability; Predictability;

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