ECIO Input-Output Relationships Generating Expected Output Series

Randall Jackson () and Péter Járosi ()
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Péter Járosi: Regional Research Institute, West Virginia University

Working Papers from Regional Research Institute, West Virginia University

Abstract: Generating expected output series is a critically important step in building Conway-type hybrid econometric input-output models. Because the RRI most often uses a modeling method that takes advantage of Jackson’s Rest-of-World industry mechanism for representing imports in the Supply (Make) table rather than in final demand, we must insure that this method for generating historical expected output series will be consistent with the way in which future expected output is estimated (Jackson, 1998). This brief TechDoc lays out the relevant mathematical foundations. In so doing, we also identify the appropriate corresponding impacts assessment formulation.

Keywords: Regional economics; General Equilibrium and Disequilibrium: Input-Output Tables and Analysis; General Regional Economics; Econometric and Input-Output Models; Other Models (search for similar items in EconPapers)
JEL-codes: D57 R1 R15 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2019-12-10
New Economics Papers: this item is included in nep-hme and nep-ore
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Persistent link: https://EconPapers.repec.org/RePEc:rri:wpaper:2020td01

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