On reconciling purchases and sales estimates of a regional input-output table

This paper develops two alternative methods for reconciling purchases and sales estimates of a regional input-output table. The present procedures are extentions of the well known Jensen-McGaurr (J-M) procedures. It is claimed that the proposed techniques would reduce to a great extent the subjective elements in the J-M procedure and thus lower the time costs to the researcher. The present methods have been applied to the data for the Central Queensland Economy and comparisons made between the results coming out of the present procedures and the J-M procedure. In particular, it has been found that the present procedures, though less subjective in nature, produce estimates that are as reliable as the J-M estimates.