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Bayesian Approach to the Extension of 'Input-Output' Tables
[Байесовский Подход К Продлению Таблиц «Затраты–Выпуск»]

Author

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  • Lugovoy, Oleg (Луговой, Олег)

    (Russian presidental academy of national economy and public administration (RANEPA))

  • Polbin, Andrey Vladimirovich (Полбин, Андрей Владимирович)

    (Russian presidental academy of national economy and public administration (RANEPA))

  • Potashnikоv, Vladimir Yurievich (Поташников, Владимир Юрьевич)

    (Russian presidental academy of national economy and public administration (RANEPA))

Abstract

The paper discusses the Bayesian approach to the extension of "input-output" tables. In contrast to the popular methods of extension (RAS, minimizing cross-entropy), the proposed approach uses the technique of sample matrices that allow us to estimate the probability distribution of the coefficients of direct costs for the extension of interbranch balance. This probability distribution is determined by a set (sample) evaluated tables, each of which does not contradict the available data and limitations. Unlike point estimates, stochastic table directly incorporate uncertainty information of each estimated table cells "input-output", given the relationship between them. With a view to testing the proposed method performed experimental evaluation of "input-output" tables of the Russian economy in 2003 based on the tables from 1998-2002.

Suggested Citation

  • Lugovoy, Oleg (Луговой, Олег) & Polbin, Andrey Vladimirovich (Полбин, Андрей Владимирович) & Potashnikоv, Vladimir Yurievich (Поташников, Владимир Юрьевич), 2015. "Bayesian Approach to the Extension of 'Input-Output' Tables [Байесовский Подход К Продлению Таблиц «Затраты–Выпуск»]," Published Papers om31, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:ppaper:om31
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    References listed on IDEAS

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    Cited by:

    1. Umed Temurshoev, 2015. "Uncertainty treatment in input-output analysis," Working Papers 2015-004, Universidad Loyola Andalucía, Department of Economics.

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