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ECIO Input-Output Relationships Generating Expected Output Series

Author

Listed:
  • Randall Jackson

    (Geology and Geography Department and Regional Research Institute, West Virginia University)

  • Péter Járosi

    (Regional Research Institute, West Virginia University)

Abstract

Generating expected output series is a critically important step in building Conway-type hybrid econometric input-output models. Because the RRI most often uses a modeling method that takes advantage of Jackson’s Rest-of-World industry mechanism for representing imports in the Supply (Make) table rather than in final demand, we must insure that this method for generating historical expected output series will be consistent with the way in which future expected output is estimated (Jackson, 1998). This brief TechDoc lays out the relevant mathematical foundations. In so doing, we also identify the appropriate corresponding impacts assessment formulation.

Suggested Citation

  • Randall Jackson & Péter Járosi, 2019. "ECIO Input-Output Relationships Generating Expected Output Series," Working Papers Technical Document 2020-0, Regional Research Institute, West Virginia University.
    • Handle: RePEc:rri:wpaper:2020td01
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    File URL: https://researchrepository.wvu.edu/rri_tech_docs/15/
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    Keywords

    Regional economics; General Equilibrium and Disequilibrium: Input-Output Tables and Analysis; General Regional Economics; Econometric and Input-Output Models; Other Models;
    All these keywords.

    JEL classification:

    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

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