IDEAS home Printed from https://ideas.repec.org/a/taf/ecsysr/v19y2007i2p125-145.html
   My bibliography  Save this article

Modeling Unexpected Events in Temporally Disaggregated Econometric Input-Output Models of Regional Economies

Author

Listed:
  • Kieran P. Donaghy
  • Nazmiye Balta-Ozkan
  • Geoffrey J.D. Hewings

Abstract

Discrete-time econometric input-output models of regional economies, such as Regional Econometric Input-Output Models (REIMs), have been used to examine the impacts over time of unexpected (and usually extreme) events. Analyses carried out with such models have been limited, in part, because of their temporal orientation and their somewhat a-theoretical specification. In this paper we review how REIMs can accommodate disequilibrium adjustments in economies to unexpected events and then discuss analytical contributions made by sequential interindustry models (SIMs) before presenting the case for using continuous-time formulations of REIMs to capture both events with impacts over periods that are shorter than the observation/solution interval of the model and nonlinear continuous event recovery processes.

Suggested Citation

  • Kieran P. Donaghy & Nazmiye Balta-Ozkan & Geoffrey J.D. Hewings, 2007. "Modeling Unexpected Events in Temporally Disaggregated Econometric Input-Output Models of Regional Economies," Economic Systems Research, Taylor & Francis Journals, vol. 19(2), pages 125-145.
    • Handle: RePEc:taf:ecsysr:v:19:y:2007:i:2:p:125-145
    DOI: 10.1080/09535310701328484
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/09535310701328484
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09535310701328484?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. F. M. Fisher, 1970. "Simultaneous Equations Estimation: The State of the Art," Working papers 55, Massachusetts Institute of Technology (MIT), Department of Economics.
    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. Jinwen Qiu & Wenjian Liu & Ning Ning, 2020. "Evolution of Regional Innovation with Spatial Knowledge Spillovers: Convergence or Divergence?," Networks and Spatial Economics, Springer, vol. 20(1), pages 179-208, March.
    2. Olaf Jonkeren & Georgios Giannopoulos, 2014. "Analysing Critical Infrastructure Failure With A Resilience Inoperability Input--Output Model," Economic Systems Research, Taylor & Francis Journals, vol. 26(1), pages 39-59, March.
    3. Manfred Lenzen & Mengyu Li & Arunima Malik & Francesco Pomponi & Ya-Yen Sun & Thomas Wiedmann & Futu Faturay & Jacob Fry & Blanca Gallego & Arne Geschke & Jorge Gómez-Paredes & Keiichiro Kanemoto & St, 2020. "Global socio-economic losses and environmental gains from the Coronavirus pandemic," PLOS ONE, Public Library of Science, vol. 15(7), pages 1-13, July.
    4. Andre Fernandes Tomon Avelino, 2017. "Disaggregating input–output tables in time: the temporal input–output framework," Economic Systems Research, Taylor & Francis Journals, vol. 29(3), pages 313-334, July.
    5. Linn Svegrup & Jonas Johansson & Henrik Hassel, 2019. "Integration of Critical Infrastructure and Societal Consequence Models: Impact on Swedish Power System Mitigation Decisions," Risk Analysis, John Wiley & Sons, vol. 39(9), pages 1970-1996, September.
    6. Randall Jackson & Sergio Rey & Péter Járosi, 2016. "Object Orientation, Open Regional Science,and Cumulative Knowledge Building," Working Papers Working Paper 2016-02, Regional Research Institute, West Virginia University.
    7. Iman Rahimi Aloughareh & Mohsen Ghafory Ashtiany & Kiarash Nasserasadi, 2016. "An Integrated Methodology For Regional Macroeconomic Loss Estimation Of Earthquake: A Case Study Of Tehran," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(04), pages 1-24, September.

    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. Pradhan, Jadunath & Quilkey, John J., 1991. "Farm Household Models in Developing Countries," 1991 Conference (35th), February 11-14, 1991, Armidale, Australia 146111, Australian Agricultural and Resource Economics Society.
    2. Piggott, Ronald R. & Tomek, William G., 1976. "The Soiv Estimator: A Comparison With Alternative Estimators In A Model Of The U.S. Apple Industry," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 5(2), pages 1-18, October.
    3. Quilkey, John J. & Pradhan, Jadunath, 1993. "Modelling the Adoption of HYV Technology in Developing Economies: Theory and Empirics," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 61(02-2), pages 175-175, August.
    4. Piggott, Ronald R. & Tomek, William G., 1976. "The Soiv Estimator: A Comparison With Alternative Estimators In A Model Of The U.S. Apple Industry," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 2), pages 1-18, October.

    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:taf:ecsysr:v:19:y:2007:i:2:p:125-145. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CESR20 .

    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.