Bayesian Approach to the Extension of 'Input-Output' Tables

Байесовский подход к продлению таблиц «Затраты–Выпуск»

Lugovoy, Oleg (Луговой, Олег) (), Andrey Polbin and Potashnikоv, Vladimir Yurievich (Поташников, Владимир Юрьевич) ()
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Lugovoy, Oleg (Луговой, Олег): Russian presidental academy of national economy and public administration (RANEPA)
Potashnikоv, Vladimir Yurievich (Поташников, Владимир Юрьевич): Russian presidental academy of national economy and public administration (RANEPA)
Authors registered in the RePEc Author Service: Vladimir Potashnikov ()

Published Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: The paper discusses the Bayesian approach to the extension of "input-output" tables. In contrast to the popular methods of extension (RAS, minimizing cross-entropy), the proposed approach uses the technique of sample matrices that allow us to estimate the probability distribution of the coefficients of direct costs for the extension of interbranch balance. This probability distribution is determined by a set (sample) evaluated tables, each of which does not contradict the available data and limitations. Unlike point estimates, stochastic table directly incorporate uncertainty information of each estimated table cells "input-output", given the relationship between them. With a view to testing the proposed method performed experimental evaluation of "input-output" tables of the Russian economy in 2003 based on the tables from 1998-2002.

Keywords: extension and balancing of 'input-output' tables; the Bayesian method; Monte Carlo Markov chain scheme method (search for similar items in EconPapers)
Pages: 16 pages
Date: 2015-04-15
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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