IDEAS home Printed from https://ideas.repec.org/p/cen/wpaper/94-1.html
   My bibliography  Save this paper

The Choice of Input-Out Table Embedded in Regional Econometric Input-Out Models

Author

Listed:
  • P R Israilevich
  • R Mahidhara
  • G J Hewings

Abstract

In this paper we investigate the role of input-output data source in the regional econometric input-output models. While there has been a great deal of experimentation focused on the accuracy of alternative methods for estimating regional input-output coefficients, little attention has been directed to the role of accuracy when the input-output system is nested within a broader accounting framework. The issues of accuracy were considered in two contexts, forecasting and impact analysis focusing on a model developed for the Chicago Region. We experimented with three input-output data sources: observed regional data, national input-output, and randomly generated input-output coefficients. The effects of different sources of input-output data on regional econometric input-output model revealed that there are significant differences in results obtained in impact analyses. However, the adjustment processes inherent in the econometric input-output system seem to mute the initial differences in input- output data when the model is used for forecasting. Since applications of these types of models involve both impact and forecasting exercises, there would still seem to be a strong motivation for basing the system on the most accurate set of input-output accounts.

Suggested Citation

  • P R Israilevich & R Mahidhara & G J Hewings, 1994. "The Choice of Input-Out Table Embedded in Regional Econometric Input-Out Models," Working Papers 94-1, Center for Economic Studies, U.S. Census Bureau.
    • Handle: RePEc:cen:wpaper:94-1
    as

    Download full text from publisher

    File URL: https://www2.census.gov/ces/wp/1994/CES-WP-94-01.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hewings, Geoffrey J. D., 1984. "The role of prior information in updating regional input-output models," Socio-Economic Planning Sciences, Elsevier, vol. 18(5), pages 319-336.
    2. Katz, Joseph L & Burford, Roger L, 1985. "Shortcut Formulas for Output, Income and Employment Multipliers," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 19(2), pages 61-76, July.
    3. Philip R. Israilevich & Ramamohan Mahidhara, 1991. "Hog butchers no longer: 20 years of employment change in metropolitan Chicago," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 15(Mar), pages 2-13.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Xiuli Liu & Geoffrey J. D. Hewings, 2019. "Identification of changes in the economic interactions among sectors from 1995 to 2010 for Chicago economy using hierarchical feedback loop analysis," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 62(3), pages 637-655, June.
    2. Sergio J. Rey, 1998. "The Performance of Alternative Integration Strategies for Combining Regional Econometric and Input-Output Models," International Regional Science Review, , vol. 21(1), pages 1-35, April.
    3. Yasuhide Okuyama & Michael Sonis & Geoffrey Hewings, 2006. "Typology of structural change in a regional economy: a temporal inverse analysis," Economic Systems Research, Taylor & Francis Journals, vol. 18(2), pages 133-153.
    4. Geoffrey J. D. Hewings & Philip R. Israilevich & Graham Schindler, 1998. "The export-occupation interface: the Chicago experience," Assessing the Midwest Economy GL-8, Federal Reserve Bank of Chicago.
    5. Geoffrey J.D. Hewings & Suahasil Nazara & Chokri Dridi, 2004. "Channels of synthesis forty years on: integrated analysis of spatial economic systems," Journal of Geographical Systems, Springer, vol. 6(1), pages 7-25, April.
    6. Kazumi Hitomi & Yasuhide Okuyama & Geoffrey Hewings & Michael Sonis, 2000. "The Role of Interregional Trade in Generating Change in the Regional Economies of Japan, 1980-1990," Economic Systems Research, Taylor & Francis Journals, vol. 12(4), pages 515-537.
    7. René C. Hinojosa & Arturo J. Ríos, 1991. "Constructing Economic Base Models or Developing Countries: Lessons from a Case Study in Panama," International Regional Science Review, , vol. 14(2), pages 149-162, August.
    8. Steven G. Cochrane, 1990. "Input-Output Linkages in a Frontier Region of Indonesia," International Regional Science Review, , vol. 13(1-2), pages 183-203, April.
    9. Ali Jalili, 2000. "Exogenous information and input-output updating: An evaluation," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 6(1), pages 50-66, February.
    10. Vito Albino & Erik Dietzenbacher & Silvana Kuhtz, 2003. "Analysing Materials and Energy Flows in an Industrial District using an Enterprise Input-Output Model," Economic Systems Research, Taylor & Francis Journals, vol. 15(4), pages 457-480.
    11. Mohd Khairul Hisyam Hassan & Zaleha Mohd Noor & Normaz Wana Ismail & Alias Radam & Zakariah Abdul Rashid, 2017. "The Regional Input-Output Model for East Malaysia Region: Construction and Application," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(12), pages 712-731, December.
    12. Jan A van der Linden & Erik Dietzenbacher, 2000. "The Determinants of Structural Change in the European Union: A New Application of RAS," Environment and Planning A, , vol. 32(12), pages 2205-2229, December.
    13. Ali Reza Jalili, 2000. "Comparison of Two Methods of Identifying Input-Output Coefficients for Exogenous Estimation," Economic Systems Research, Taylor & Francis Journals, vol. 12(1), pages 113-129.
    14. S J Rey & R W Jackson, 1999. "Labor-Productivity Changes in Regional Econometric +Input−Output Models," Environment and Planning A, , vol. 31(9), pages 1583-1599, September.
    15. A Nagurney & Referee H K Chen, 1989. "An Algorithm for the Solution of a Quadratic Programming Problem, with Application to Constrained Matrix and Spatial Price Equilibrium Problems," Environment and Planning A, , vol. 21(1), pages 99-114, January.
    16. Silvia Bartolucci & Fabio Caccioli & Francesco Caravelli & Pierpaolo Vivo, 2020. "Upstreamness and downstreamness in input-output analysis from local and aggregate information," Papers 2009.06350, arXiv.org, revised Feb 2024.
    17. Marco Percoco & Geoffrey Hewings & Lanfranco Senn, 2006. "Structural change decomposition through a global sensitivity analysis of input-output models," Economic Systems Research, Taylor & Francis Journals, vol. 18(2), pages 115-131.
    18. Dietzenbacher, Erik & Romero Luna, Isidoro & Bosma, Niels S., 2005. "Using Average Propagation Lengths to Identify Production Chains in the Andalusian Economy/Empleando Longitudes Medias de Propagación para identificar Cadenas Productivas en la Economía Andaluza," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 23, pages 405-422, Agosto.
    19. repec:dgr:rugsom:95d36 is not listed on IDEAS

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cen:wpaper:94-1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dawn Anderson (email available below). General contact details of provider: https://edirc.repec.org/data/cesgvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.