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The efficiency of the cross-entropy method when estimating the technical coefficients of input–output tables

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  • Giuseppe R. Lamonica
  • Maria C. Recchioni
  • Francesco M. Chelli
  • Luca Salvati

Abstract

Updating or estimating regional input–output tables is a challenging task addressed with non-survey methods. These can be classified into two groups: location quotient (LQ) methods and constrained matrix-balancing methods. This paper focuses on the second group and, specifically, on the performance of the cross-entropy method (CE). The most important finding is that the RAS method slightly outperforms the CE method on average, but its efficiency varies greatly from country to country. On the contrary, the performance of the CE method is more stable over countries and time. More interestingly, a fair implementation of the CE method boosted by the Flegg location quotient (FLQ) method outperforming the competing CE approach in terms of accuracy.

Suggested Citation

  • Giuseppe R. Lamonica & Maria C. Recchioni & Francesco M. Chelli & Luca Salvati, 2020. "The efficiency of the cross-entropy method when estimating the technical coefficients of input–output tables," Spatial Economic Analysis, Taylor & Francis Journals, vol. 15(1), pages 62-91, January.
    • Handle: RePEc:taf:specan:v:15:y:2020:i:1:p:62-91
    DOI: 10.1080/17421772.2019.1615634
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    Cited by:

    1. Gianluca Egidi & Luca Salvati & Andrea Falcone & Giovanni Quaranta & Rosanna Salvia & Renata Vcelakova & Antonio Giménez-Morera, 2021. "Re-Framing the Latent Nexus between Land-Use Change, Urbanization and Demographic Transitions in Advanced Economies," Sustainability, MDPI, vol. 13(2), pages 1-17, January.
    2. Vinci, Sabato & Bartolacci, Francesca & Salvia, Rosanna & Salvati, Luca, 2022. "Housing markets, the great crisis, and metropolitan gradients: Insights from Greece, 2000–2014," Socio-Economic Planning Sciences, Elsevier, vol. 80(C).
    3. Luca Salvati, 2022. "Exploring long-term urban cycles with multivariate time-series analysis," Environment and Planning B, , vol. 49(4), pages 1212-1227, May.
    4. Xesús Pereira-López & Napoleón Guillermo Sánchez-Chóez & Melchor Fernández-Fernández, 2021. "Performance of bidimensional location quotients for constructing input–output tables," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 10(1), pages 1-16, December.
    5. Enrico Maria Mosconi & Andrea Colantoni & Filippo Gambella & Eva Cudlinová & Luca Salvati & Jesús Rodrigo-Comino, 2020. "Revisiting the Environmental Kuznets Curve: The Spatial Interaction between Economy and Territory," Economies, MDPI, vol. 8(3), pages 1-20, September.
    6. Leonardo Bianchini & Alvaro Marucci & Adele Sateriano & Valerio Di Stefano & Riccardo Alemanno & Andrea Colantoni, 2021. "Urbanization and Long-Term Forest Dynamics in a Metropolitan Region of Southern Europe (1936–2018)," Sustainability, MDPI, vol. 13(21), pages 1-13, November.
    7. Federico Benassi & Alessia Naccarato & Luca Salvati, 2023. "Testing Taylor’s Law in Urban Population Dynamics Worldwide with Simultaneous Equation Models," Economies, MDPI, vol. 11(2), pages 1-17, February.
    8. Rosanna Salvia & Gianluca Egidi & Luca Salvati & Jesús Rodrigo-Comino & Giovanni Quaranta, 2020. "In-Between ‘Smart’ Urban Growth and ‘Sluggish’ Rural Development? Reframing Population Dynamics in Greece, 1940–2019," Sustainability, MDPI, vol. 12(15), pages 1-18, July.
    9. Salvati, Luca, 2023. "Two wrongs don't make a right: A multi-step decomposition of latent dimensions of sustainable development and desertification risk in Italy," Ecological Economics, Elsevier, vol. 212(C).
    10. Kostas Rontos & Maria-Eleni Syrmali & Luca Salvati & Ioannis Vavouras, 2024. "Competitiveness, corruption, and income inequalities: approaching the ‘Janus’ face of development with simultaneous equation modelling," Quality & Quantity: International Journal of Methodology, Springer, vol. 58(1), pages 343-364, February.
    11. Anthony T. Flegg & Guiseppe R. Lamonica & Francesco M. Chelli & Maria C. Recchioni & Timo Tohmo, 2021. "A new approach to modelling the input–output structure of regional economies using non-survey methods," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 10(1), pages 1-31, December.

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