Reconciling Reconciliation Procedures in Regional Input-Output Analysis

Shelby D. Gerking
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Shelby D. Gerking: Department of Economics University of Wyoming Laramie, Wyoming 82071 USA

International Regional Science Review, 1979, vol. 4, issue 1, 23-36

Abstract: The primary aim of this paper is to extend my previous work on the reconciliation of regional coefficients in input-output models. Specifically, an effort is made to show how certain types of a priori or judgmental information may be incorporated into the minimum variance reconciliation (MVR) process. In addition, this paper provides a response to Miernyk's objections that the MVR method: (1) produces coefficient estimates of doubtful statistical or theoretical validity and (2) systematically underestimates diagonal regional coefficients as well as the sum of interindustry sales for a given sector.

Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:sae:inrsre:v:4:y:1979:i:1:p:23-36

DOI: 10.1177/016001767900400102

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