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

George Soklis

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Conversion Methods; Input-Output Analysis; Joint Production; Sraffian Analysis; Supply and Use Tables; Symmetric Input-Output Tables. (search for similar items in EconPapers)
JEL-codes: B51 C67 D57 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (4)

Published in Bulletin of Political Economy 1.3(2009): pp. 51-70

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Journal Article: The Conversion of the Supply and Use Tables to Symmetric Input-Output Tables: A Critical Review (2009)
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