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A Comparison of Annual and Benchmark Input-Output Tables in Regional Economic Modeling


  • Stover, Mark Edward


As the economy evolves, so do the coefficients of input-output (I-O) tables. Yet input substitutions occur primarily within economic sectors rather than between them. Consequently, at broader levels of economic aggregation, the annual revision of I-O tables may prove unnecessary. This study compares annual I-O accounts to a fixed benchmark I-O table using integrated-small area modeling of the industrial sector. The model uses annual data on manufacturing employment at primarily the 2-digit SIC level for the St. Louis metropolitan area. Annual I-O accounts do not appear to improve the estimation results at this degree of aggregation.

Suggested Citation

  • Stover, Mark Edward, 1994. "A Comparison of Annual and Benchmark Input-Output Tables in Regional Economic Modeling," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 28(2), pages 223-228.
  • Handle: RePEc:spr:anresc:v:28:y:1994:i:2:p:223-28

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    Cited by:

    1. Motii, Bahman Brian, 2005. "A Dynamic Integration Approach in Regional Input-Output and Econometric Models," The Review of Regional Studies, Southern Regional Science Association, vol. 35(2), pages 139-160.

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