We argue that benchmarking sign-volatile series should be based on the principle of movement and sign preservation, which states that a bench-marked series should reproduce the movement and signs in the original series. We show that the widely used variants of Denton (1971) method and the growth...

We consider ten widely used key sector measures (linkages) and identify groups of the most similar indicators on both analytical and empirical grounds. We derive new closed-form formulas for the generalized complete and incomplete hypothetical extraction linkages and add the up till now...

Using the world input-output tables available from the WIOD project (www.wiod.org), we quantify production line positions of 35 industries for 40 countries and the rest of the world region over 1996-2009. In contrast to the previous related literature we do not focus only on the output supply...

This paper addresses the question whether the results of input-output (IO) impact analyses differ (and to what extent) when a framework in current prices or in constant prices is used. We consider the effect of an exogenous stimulus of final demand in current prices on (a) gross output in...

Linear programming approach to economic modelling of petroleum refining has important shortcomings that make it less useful and less robust for the purposes of impact assessments of related policies. These have to do with its natural inability to calibrate observed data and obtaining jumpy...

This paper modifies the well-known conjectural variation model of Clarke and Davis (1982) by taking into account partial cross ownership (PCO) links among firms. It is shown that, unlike in the no PCO case, the link between firms' price-cost margins and the degree of tacit collusion is nonlinear...