Methods of Valuation of Output Multipliers’ in the Absence of Complete Input-Output Table

Sergey Alekseevich Voropanov ()
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Sergey Alekseevich Voropanov: Russian Presidential Academy of National Economy and Public Administration, Tolyatti Branch

Spatial Economics=Prostranstvennaya Ekonomika, 2015, issue 4, 148-164

Abstract: The review presents relatively little-known in the Russian literature methods to obtain estimates of output multipliers (final demand multipliers) in terms of minimum information. In these circumstances a researcher has to choose among three following approaches: 1) SBT (Survey-Based Tables) approach - independent development of regional tables on the basis of extensive one-time survey; 2) RIMS (Regional Input-Output Modeling System) approach - building estimated regional tables on the basis of national (base or calculated) tables; and 3) SM (Shortcut Methods) approach or methods of minimum information - specific calculations based on traditional statistics information or information that can be derived from traditional statistics, with the least amount of resources for its processing. The author pays special attention to the SM approach: its evolution, critique of presuppositions and results of empirical testing. The study shows that most of the numerous experiments (conducted for different countries, regions, tables of different dimensions and for different years) based on the SM approach give quite acceptable accuracy of multipliers’ estimation. On the basis of the theory of positive operators the author obtains two-sided estimates of output multipliers.

Keywords: SBT; (Survey-Based; Tables); ?; RIMS; (Regional; Input-Output; Modeling; System); ?; SM; (Shortcut; Methods); ?; input-output; model; ?; regional; input-output; analysis; ?; output; multipliers; ?; final; demand; multipliers; ?; multipliers’; valuation; methods; ?; SBT; (Survey-Based; Tables); ?; RIMS; (Regional; Input-; Output; Modeling; System); ?; SM; (Shortcut; Methods) (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:far:spaeco:y:2015:i:4:p:148-164

DOI: 10.14530/se.2015.4.148-164

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