An HEI-Disaggregated Input-Output Table for Wales*

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

No 1021, Working Papers from University of Strathclyde Business School, Department of Economics

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)
JEL-codes: D57 H75 I23 R15 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2010-10
New Economics Papers: this item is included in nep-cmp
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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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:str:wpaper:1021

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