On input-output type output multipliers from incomplete information

✍ Scribed by Gunter Lorenzen

• Publisher: Springer US
• Year: 1987
• Tongue: English
• Weight: 449 KB
• Volume: 21
• Category: Article
• ISSN: 1573-9414
• DOI: 10.1007/bf00178801

✦ Synopsis

Incomplete knowledge of data usually hinders the establishment of detailed input-output tables. It is for this reason that up-dating procedures (RAS) as well as short-cut methods have been developed. In this paper the short-cut output multiplier formula by Drake ( 1976) is compared with the output multiplier involved in the RAS procedures. It will turn out that both these output multiplier estimates are two special cases of a more general class of estimating procedures. It is demonstrated by an empirical example how this generalized procedure should be applied in practice. The kind of reasoning underlying this paper can be extended to other problems of input-output analysis as well.