Joint Estimation of Supply and Use Tables
We propose a new biproportional method specifically designed for joint projection of Supply and Use tables (SUTs). In contrast to standard inputoutput techniques, this method does not require the availability of total outputs by product for the projection year(s), a condition which is not often met in practice. The algorithm, called the SUT-RAS method, jointly estimates SUTs that are immediately consistent. It is applicable to different settings of SUTs, such as the frameworks with basic prices and purchasers? prices, and a setting in which Use tables are separated into domestic and imported uses. Our empirical evaluations show that the SUT-RAS method performs quite well compared to widely used short-cut methods.
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