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Alternative Input-Output Matrix Updating Formulations

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  • Randall Jackson
  • Alan Murray

Abstract

There has been a recent resurgence of interest in biproportional adjustment methods for updating and interpreting change in matrix representations of regional structures, most commonly input-output accounts. Although the biproportional method, commonly called the RAS technique in the input-output literature, has been shown to have a number of theoretically appealing properties, various alternatives do exist. In this paper, we develop and empirically assess a number of alternatives, comparing performance and examining the attributes of these adjustment methods. Two of these are sign-preserving updating methods for use when tables contain both positive and negative entries. One of these is shown to generate less information gain than does a generalized RAS method that Junius & Oosterhaven (2003) formulated to deal with matrices with both positive and negative values. Overall, while the RAS method continues to be commonly used and its choice is often rational, alternative methods can perform as well or better along certain dimensions and in certain contexts.

Suggested Citation

  • Randall Jackson & Alan Murray, 2004. "Alternative Input-Output Matrix Updating Formulations," Economic Systems Research, Taylor & Francis Journals, vol. 16(2), pages 135-148.
  • Handle: RePEc:taf:ecsysr:v:16:y:2004:i:2:p:135-148
    DOI: 10.1080/0953531042000219268
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    Citations

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    Cited by:

    1. Dobrescu, Emilian, 2012. "Restatement of the I-O Coefficient Stability Problem," MPRA Paper 48567, University Library of Munich, Germany.
    2. Daniel Moran & Richard Wood, 2014. "Convergence Between The Eora, Wiod, Exiobase, And Openeu'S Consumption-Based Carbon Accounts," Economic Systems Research, Taylor & Francis Journals, vol. 26(3), pages 245-261, September.
    3. Diego Corredor & Oliver Enrique Pardo, 2008. "Matrices de Contabilidad Social 2003, 2004 y 2005," ARCHIVOS DE ECONOMÍA 004582, DEPARTAMENTO NACIONAL DE PLANEACIÓN.
    4. Paweł Zając & Piotr Gurgul, 2012. "Forecasting of migration matrices in business demography," Statistics in Transition new series, Główny Urząd Statystyczny (Polska), vol. 13(2), pages 387-404, June.
    5. Guo, Zhengquan & Zhang, Xingping & Zheng, Yuhua & Rao, Rao, 2014. "Exploring the impacts of a carbon tax on the Chinese economy using a CGE model with a detailed disaggregation of energy sectors," Energy Economics, Elsevier, vol. 45(C), pages 455-462.
    6. Jakub Boratyński, 2016. "A Bayesian Approach to Matrix Balancing: Transformation of Industry-Level Data under NACE Revision," Central European Journal of Economic Modelling and Econometrics, CEJEME, vol. 8(4), pages 219-239, December.
    7. Hosoe, Nobuhiro, 2014. "Estimation errors in input–output tables and prediction errors in computable general equilibrium analysis," Economic Modelling, Elsevier, vol. 42(C), pages 277-286.
    8. Druckman, A. & Bradley, P. & Papathanasopoulou, E. & Jackson, T., 2008. "Measuring progress towards carbon reduction in the UK," Ecological Economics, Elsevier, vol. 66(4), pages 594-604, July.
    9. Gordon, Peter & Park, JiYoung & Richardson, Harry W., 2009. "Modeling input-output impacts with substitutions in the household sector: A numerical example," Economic Modelling, Elsevier, vol. 26(3), pages 696-701, May.
    10. Eduardo Haddad & Vasco Silva & Alexandre Porsse & Tomaz Dentinho, 2015. "Multipliers in an Island Economy: The Case of the Azores," World Scientific Book Chapters,in: THE REGION AND TRADE New Analytical Directions, chapter 8, pages 205-226 World Scientific Publishing Co. Pte. Ltd..
    11. Umed Temurshoev & Marcel P. Timmer, 2011. "Joint estimation of supply and use tables," Papers in Regional Science, Wiley Blackwell, vol. 90(4), pages 863-882, November.
    12. Dobrescu, Emilian, 2013. "Restatement of the I-O Coefficient Stability Problem," Working Papers of Macroeconomic Modelling Seminar 132601, Institute for Economic Forecasting.
    13. Umed Temurshoev, 2015. "Uncertainty treatment in input-output analysis," Working Papers 2015-004, Universidad Loyola Andalucía, Department of Economics.
    14. Koutras, Vasileios M. & Drakos, Konstantinos, 2013. "A migration approach for USA banks' capitalization: Are the 00s the same with the 90s?," International Review of Financial Analysis, Elsevier, vol. 30(C), pages 131-140.
    15. Richard Wood & Konstantin Stadler & Tatyana Bulavskaya & Stephan Lutter & Stefan Giljum & Arjan de Koning & Jeroen Kuenen & Helmut Schütz & José Acosta-Fernández & Arkaitz Usubiaga & Moana Simas & Olg, 2014. "Global Sustainability Accounting—Developing EXIOBASE for Multi-Regional Footprint Analysis," Sustainability, MDPI, Open Access Journal, vol. 7(1), pages 1-26, December.
    16. Emilian Dobrescu & Viorel Gaftea, 2012. "On the Accuracy of RAS Method in an Emergent Economy," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 14(32), pages 502-521, June.
    17. 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.
    18. Bonfiglio, Andrea, 2005. "The Impact of EU Accession in Romania: An Analysis of Regional Development Policy Effects by a Multiregional I-O Model," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24492, European Association of Agricultural Economists.
    19. Koppány, Krisztián, 2017. "A növekedés lehetőségei és kockázatai. Magyarország feldolgozóipari exportteljesítményének és ágazati szerkezetének vizsgálata, 2010-2014
      [Growth opportunities and risks in Hungary's industrial mix
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 17-53.
    20. Roberto Mínguez & Jan Oosterhaven & Fernando Escobedo, 2009. "Cell-Corrected Ras Method (Cras) For Updating Or Regionalizing An Input-Output Matrix," Journal of Regional Science, Wiley Blackwell, vol. 49(2), pages 329-348.
    21. Andrea BONFIGLIO, 2005. "Analysing EU Accession Effects in Romania by a Multiregional I-O Model," Working Papers 226, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    22. repec:dgr:rugggd:gd-116 is not listed on IDEAS
    23. Erik Dietzenbacher & Ronald E. Miller, 2009. "Ras-Ing The Transactions Or The Coefficients: It Makes No Difference," Journal of Regional Science, Wiley Blackwell, vol. 49(3), pages 555-566.
    24. Fujimori, Shinichiro & Matsuoka, Yuzuru, 2011. "Development of method for estimation of world industrial energy consumption and its application," Energy Economics, Elsevier, vol. 33(3), pages 461-473, May.

    More about this item

    Keywords

    Updating; Biproportion; Ras; Distance Measures;

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