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Negatives in Symmetric Input-Output Tables : The Impossible Quest for the Holy Grail

In the Supply-Use (or Make-Use) input-output models, “product-technology” (PT) or “fixed-industry-sales-structure” (FISS) assumptions are more widely adopted (SNA, Eurostat) for deriving symmetric input-output tables (SIOT) than “industry-technology” or “fixed-product-sales-structure” assumptions, but generate negatives in the SIOT. A SIOT deduced from the Supply-Use model is considered as satisfactory as soon as it contains no more negatives; scholars have focused on the negatives in the SIOT and on how to remove them. However, as a SIOT may include no negatives even if there are some negatives in the inverse Supply matrix, we have completely reversed the reasoning. A counter-example demonstrates that computing the inverse Supply matrix, as imposed by PT or FISS assumptions, is mathematically a nonsense operation even when the symmetric input-output tables do not include any negative; this result is new. Hence, deriving a SIOT under PT or FISS assumption must be rejected. Three applications are provided: Austria 2000 and 2005 and USA 2007
Year of publication:
2011
Authors: de Mesnard, Louis
Publisher: [2011]: [S.l.] : SSRN
Subject: Input-Output-Analyse | Input-output analysis | Volkswirtschaftliche Gesamtrechnung | National accounts | Österreich | Austria | Statistische Methode | Statistical method
Description of contents: Abstract [papers.ssrn.com]
Extent:
1 Online-Ressource
Type of publication: Book / Working Paper
Language: English
Notes:
In: Annals of Regional Science, Vol. 46, No. 2, pp. 427-454, 2011
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 30, 2009 erstellt
Volltext nicht verfügbar
Classification: C67 - Input-Output Models ; D57 - Input-Output Analysis
Source:
ECONIS - Online Catalogue of the ZBW
Persistent link: https://ebvufind01.dmz1.zbw.eu/10013134243
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