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Type II Errors in IO Multipliers

Author

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  • Emonts-Holley, Tobias
  • Ross, Andrew
  • Swales, J Kim

Abstract

This paper compares methods for calculating Input-Output (IO) Type II multipliers. These are formulations of the standard Leontief IO model which endogenise elements of household consumption. An analytical comparison of the two basic IO Type II multiplier methods with the Social Accounting Matrix (SAM) multiplier approach identifies the treatment of non-wage income generated in production as a central problem. The multiplier values for each of the IO and SAM methods are calculated using Scottish data for 2009. These results can be used to choose which Type II IO multiplier to adopt where SAM multiplier values are unavailable.

Suggested Citation

  • Emonts-Holley, Tobias & Ross, Andrew & Swales, J Kim, 2015. "Type II Errors in IO Multipliers," SIRE Discussion Papers 2015-56, Scottish Institute for Research in Economics (SIRE).
    • Handle: RePEc:edn:sirdps:644
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    File URL: http://hdl.handle.net/10943/644
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    References listed on IDEAS

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    1. Geoffrey J.D. Hewings, 1985. "Regional Input-Output Analysis," Wholbk, Regional Research Institute, West Virginia University, number 11 edited by Grant I. Thrall, Fall.
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    Cited by:

    1. Grant Allan & David Comerford & Kevin Connolly & Peter McGregor & Andrew G Ross, 2019. "Economic and environmental impacts of UK offshore wind development to 2029: the importance of local content," Working Papers 1910, University of Strathclyde Business School, Department of Economics.
    2. Allan, Grant J. & Lecca, Patrizio & Swales, Kim, 2017. "The impacts of temporary but anticipated tourism spending: An application to the Glasgow 2014 Commonwealth Games," Tourism Management, Elsevier, vol. 59(C), pages 325-337.
    3. Allan, Grant & Comerford, David & Connolly, Kevin & McGregor, Peter & Ross, Andrew G., 2020. "The economic and environmental impacts of UK offshore wind development: The importance of local content," Energy, Elsevier, vol. 199(C).

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    More about this item

    Keywords

    Input-Output; Social Accounting Matrix; multipliers; Scotland;
    All these keywords.

    JEL classification:

    • E16 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Social Accounting Matrix
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

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