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The Conversion of the Supply and Use Tables to Symmetric Input-Output Tables: A Critical Review

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  • Soklis, George

Abstract

This paper reviews the available methods used to convert Supply and Use Tables of actual economic systems to Symmetric Input-Output Tables. It is argued that all conversion methods rest on the unrealistic assumption that single production, and not joint production, characterizes the economic structure of the real world. Finally, a straightforward treatment, based on general joint-product models inspired by von Neumann (1945) and Sraffa (1960), of the Supply and Use Tables is proposed as a way out of the inconsistencies of the conversion methods.

Suggested Citation

  • Soklis, George, 2009. "The Conversion of the Supply and Use Tables to Symmetric Input-Output Tables: A Critical Review," MPRA Paper 46873, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:46873
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    References listed on IDEAS

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    2. Dennis Nchor & Tomáš Konderla, 2016. "Economic Multipliers and Sectoral Linkages: Ghana and the New Oil Sector," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 64(2), pages 635-642.

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    More about this item

    Keywords

    Conversion Methods; Input-Output Analysis; Joint Production; Sraffian Analysis; Supply and Use Tables; Symmetric Input-Output Tables.;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis

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