Entropy estimation and interpretation of the inter-sectoral linkages of Turkish economy based on Leontief input/output model
Purpose – The purpose of this paper is to address an econometric procedure which revises and updates the technical production coefficients of latest Turkish input/output (I/O) table, as new information about sectoral productions become available. Design/methodology/approach – Both maximum entropy (ME) method, which estimates the technical production coefficients directly, and cross entropy (CE) estimation method using the Turkish 1996 I/O table as prior information are considered. Moreover, some linkage measures both traditional and relatively new ones are calculated and interpreted using the same data. Findings – Under squared error measure criterion, CE estimation method using the Turkish 1996 I/O table as prior information gives a better statistical fit than the ME method which estimates the coefficients directly. Also, Dietzenbacher and van der Linden method's linkage values are found to be in between those of the Chenery and Watanabe, and the Rasmussen methods for both backward or forward definitions using the Turkish data. Research limitations/implications – There still remains the job of collecting information about sectoral productions in the year where updating the latest I/O table is to be undertaken in order to complete the design to be used in practice. This paper suggests this vector to be estimated using some proxy or instrumental variables approaches as a topic for further research. Practical implications – During the last ten years in Turkey, the five-year state development plans losing their traditional importance and the free markets replacing them may have partly accounted for the highly infrequent constructions of such tables. However, academic researches continue to use them as a basis, and therefore an updating of the latest table using an econometric approach such as that of the paper may be necessary. Originality/value – If in practice the preparation of a new I/O table is costly and/or difficult without a political need, then an updating scheme may be valuable.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 36 (2009)
Issue (Month): 5 (October)
|Contact details of provider:|| Web page: http://www.emeraldinsight.com|
|Order Information:|| Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK|
Web: http://www.emeraldinsight.com/jes.htm Email:
When requesting a correction, please mention this item's handle: RePEc:eme:jespps:v:36:y:2009:i:5:p:409-507. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Virginia Chapman)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.