An HEI-Disaggregated Input-Output Table for Wales

Kristinn Hermannsson, Katerina Lisenkova, Peter McGregor and John Swales ()

No 2010-70, SIRE Discussion Papers from Scottish Institute for Research in Economics (SIRE)

Abstract: This paper describes how the education sector of the Welsh Input-Output tables is disaggregated to identify a separate sector for each of Wales’s twelve Higher Education Institutions (HEIs). The process draws on accounting and survey data to accurately determine the incomes and expenditures of each institution. In particular we emphasise determining the HEIs incomes source of origin to inform their treatment, as endogenous or exogenous, in subsequent analyses. The HEI-disaggregated Input-Output table provides a useful descriptive snapshot of the Welsh economy and the role of HEIs within it for a particular year, 2006. The table can be used to derive multipliers and conduct various impact studies of each institution or the sector as a whole. The table is furthermore useful to calibrate other multi-sectoral, HEI-disaggregated models of regional economies, including Social Accounting Matrix (SAM) and computable general equilibrium (CGE) models.

Keywords: Higher Education Institutions; Universities; Input-Output; Wales; Impact study; Multipliers; Devolution (search for similar items in EconPapers)
Date: 2010
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Working Paper: An HEI-Disaggregated Input-Output Table for Wales* (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:edn:sirdps:199

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