IDEAS home Printed from https://ideas.repec.org/a/rjr/romjef/vy2013i3p59-89.html
   My bibliography  Save this article

Modelling the Sectoral Structure of the Final Output

Author

Listed:
  • Dobrescu, Emilian

    (Centre for Macroeconomic Modelling, National Institute of Economic Research. Romanian Academy.)

Abstract

This paper examines the modelling complications that appear when some macroeconomic behavioral relationships interact with structural variables, even under a given A matrix. The main problem is related to the situation when: a) the final consumption, gross fixed capital formation, inventory changes, export, import (all of them at market prices), and gross value added (at production prices) are estimated as macro-indicators; and b) the output (at production prices) is determined at a disaggregated level. The so-called demand-side or supply-side approaches are possible; here, the supply-side approach is in focus. With such a goal, the regression and linear weighted average (in the Fisher version) techniques are discussed as the main tools for estimating sectoral weights of the final output. For the linear weighted average method, the paper sketches – as a discussion proposal – a methodology for the optimal selection of the length (number of terms) of the moving average. As a primary database, the Romanian input-output tables for 1989–2009, aggregated into 10 sectors, were used

Suggested Citation

  • Dobrescu, Emilian, 2013. "Modelling the Sectoral Structure of the Final Output," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 59-89, October.
    • Handle: RePEc:rjr:romjef:v::y:2013:i:3:p:59-89
    as

    Download full text from publisher

    File URL: http://www.ipe.ro/rjef/rjef3_13/rjef3_2013p59-89.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Miller,Ronald E. & Blair,Peter D., 2009. "Input-Output Analysis," Cambridge Books, Cambridge University Press, number 9780521517133.
    2. Miller,Ronald E. & Blair,Peter D., 2009. "Input-Output Analysis," Cambridge Books, Cambridge University Press, number 9780521739023.
    3. Emilian Dobrescu, 2006. "Integration of Macroeconomic Behavioural Relationships and the Input-output Block (Romanian Modelling Experience)," EcoMod2006 272100018, EcoMod.
    4. Dobrescu, Emilian & Gaftea, Viorel & Scutaru, Cornelia, 2010. "Using the Leontief Matrix to Estimate the Impact of Investments upon the Global Output," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 176-187, July.
    5. Dobrescu, Emilian, 2009. "Measuring the Interaction of Structural Changes with Inflation," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 6(5), pages 5-99.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Emilian Dobrescu, 2014. "A Hybrid Forecasting Approach," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 16(35), pages 390-390, February.
    2. Emilian Dobrescu, 2015. "Net Indirect Taxes and Sectoral Structure of Economy," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 5-29, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Emilian Dobrescu, 2013. "Restatement of the I-O Coefficient Stability Problem," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 2(1), pages 1-67, December.
    2. Afonso, António & Gomes, Pedro & Taamouti, Abderrahim, 2014. "Sovereign credit ratings, market volatility, and financial gains," Computational Statistics & Data Analysis, Elsevier, vol. 76(C), pages 20-33.
    3. Maurizio Ciaschini & Francesca Severini, 2010. "The Economic Impact of the Green Certificate Market through the Macro Multiplier Approach," Working Papers 2010.105, Fondazione Eni Enrico Mattei.
    4. Johann Audrain & Mateo Cordier & Sylvie Faucheux & Martin O’Connor, 2013. "Écologie territoriale et indicateurs pour un développement durable de la métropole parisienne," Revue d'économie régionale et urbaine, Armand Colin, vol. 0(3), pages 523-559.
    5. Daniel Croner & Ivan Frankovic, 2018. "A Structural Decomposition Analysis of Global and NationalEnergy Intensity Trends," The Energy Journal, , vol. 39(2), pages 103-122, March.
    6. Lach, Łukasz, 2022. "Optimization based structural decomposition analysis as a tool for supporting environmental policymaking," Energy Economics, Elsevier, vol. 115(C).
    7. Arne J. Nagengast & Robert Stehrer, 2016. "Accounting for the Differences Between Gross and Value Added Trade Balances," The World Economy, Wiley Blackwell, vol. 39(9), pages 1276-1306, September.
    8. Lee, Frederic, 2011. "Old controversy revisited: pricing, market structure, and competition," MPRA Paper 30490, University Library of Munich, Germany.
    9. repec:ilo:ilowps:485511 is not listed on IDEAS
    10. Arne J. Nagengast & Robert Stehrer, 2016. "The Great Collapse in Value Added Trade," Review of International Economics, Wiley Blackwell, vol. 24(2), pages 392-421, May.
    11. Fontagné, Lionel & Santoni, Gianluca, 2021. "GVCs and the endogenous geography of RTAs," European Economic Review, Elsevier, vol. 132(C).
    12. Garry Mcdonald, 2010. "A didactic Input-Output model for territorial ecology analyses," Working Papers hal-00911640, HAL.
    13. Mihail Busu & Madalina Vanesa Vargas & Sorin Anagnoste, 2023. "Navigating the Intricate Relationship between Investments and Global Output: A Leontief Matrix Case Study of Romania," JRFM, MDPI, vol. 16(12), pages 1-21, December.
    14. Bustos, Paul S., 2011. "Actividades económicas en Bolivia: un análisis de encadenamiento," Revista Latinoamericana de Desarrollo Economico, Carrera de Economía de la Universidad Católica Boliviana (UCB) "San Pablo", issue 16, pages 39-56, Noviembre.
    15. Kristinn Hermannsson, 2015. "Expenditure and Displacement effects of Students in the Periphery: Impact on the Scottish Highlands and Islands," ERSA conference papers ersa15p1601, European Regional Science Association.
    16. Moretto, Antonio Carlos & Rodrigues, Rossana Lott & Sesso Filho, Umberto Antonio & Guilhoto, Joaquim José Martins & Maia, Katy, 2012. "Regiões polarizadas no Paraná: relações inter setoriais e inter regionais em 2006," MPRA Paper 46996, University Library of Munich, Germany.
    17. Usón, Sergio & Valero, Antonio & Agudelo, Andrés, 2012. "Thermoeconomics and Industrial Symbiosis. Effect of by-product integration in cost assessment," Energy, Elsevier, vol. 45(1), pages 43-51.
    18. Torre Cepeda Leonardo E. & Chapa Cantú Joana C. & González González Eva Edith, 2020. "Economic Integration Mexico-United States and Regional Performance in Mexico," Working Papers 2020-06, Banco de México.
    19. Zhang, Bo & Chen, Z.M. & Xia, X.H. & Xu, X.Y. & Chen, Y.B., 2013. "The impact of domestic trade on China's regional energy uses: A multi-regional input–output modeling," Energy Policy, Elsevier, vol. 63(C), pages 1169-1181.
    20. Eduardo A. Haddad & Juan M. G. Samaniego, Alexandre A. Porsse, Diego Ochoa, Santiago Ochoa, Luiz G. A. de Souza, 2011. "Interregional Input-Ouptut System for Ecuador, 2007: Methodology and Results," Working Papers, Department of Economics 2011_08, University of São Paulo (FEA-USP).
    21. Matías Piaggio & Vicent Alcántara Escolano & Emilio Padilla, 2012. "Economic structure and key sectors analysis of greenhouse gas emissions in Uruguay," Working Papers wpdea1204, Department of Applied Economics at Universitat Autonoma of Barcelona.

    More about this item

    Keywords

    final output; sectoral structure; regression; moving average;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C36 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Instrumental Variables (IV) Estimation
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rjr:romjef:v::y:2013:i:3:p:59-89. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Corina Saman (email available below). General contact details of provider: https://edirc.repec.org/data/ipacaro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.