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The Conversion of the Supply and Use Tables to Symmetric Input-Output Tables: A Critical Review

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  • George Soklis

Abstract

This paper reviews the available methods used to convert Supply and Use Tables of actual economic systems to Symmetric Input-Output Tables. It is argued that all conversion methods rest on the unrealistic assumption that single production, and not joint production, characterizes the economic structure of the real world. Finally, a straightforward treatment, based on general joint-product models inspired by von Neumann (1945) and Sraffa (1960), of the Supply and Use Tables is proposed as a way out of the inconsistencies of the conversion methods.

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  • George Soklis, 2009. "The Conversion of the Supply and Use Tables to Symmetric Input-Output Tables: A Critical Review," Bulletin of Political Economy, Bulletin of Political Economy, vol. 3(1), pages 51-70, June.
    • Handle: RePEc:awu:journl:v:3:y:2009:i:1:p:51-70
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    Cited by:

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    2. Goran Buturac & Željko Lovrinèeviæ & Davor Mikuliæ, 2017. "International Competitiveness and Restructuring of the Croatian Food Industry," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 67(3), pages 435-462, September.
    3. Dennis Nchor & Tomáš Konderla, 2016. "Economic Multipliers and Sectoral Linkages: Ghana and the New Oil Sector," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 64(2), pages 635-642.

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    More about this item

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis

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