Projecting supply and use tables: new variants and fair comparisons |
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Authors: | Juan M Valderas-Jaramillo Elena Olmedo Joerg Beutel |
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Institution: | 1. Joint Research Centre (European Commission), Seville, Spain;2. University of Seville, Seville, Spainvalderas@us.es;4. University of Seville, Seville, Spain;5. Konstanz University of Applied Sciences, Konstanz, Germany |
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Abstract: | ABSTRACTWe have introduced in this paper new variants of two methods for projecting Supply and Use Tables that are based on a distance minimisation approach (SUT-RAS) and the Leontief model (SUT-EURO). We have also compared them under similar and comparable exogenous information, i.e.: with and without exogenous industry output, and with explicit consideration of taxes less subsidies on products. We have conducted an empirical assessment of all of these methods against a set of annual tables between 2000 and 2005 for Austria, Belgium, Spain and Italy. From the empirical assessment, we obtained three main conclusions: (a) the use of extra information (i.e. industry output) generally improves projected estimates in both methods; (b) whenever industry output is available, the SUT-RAS method should be used and otherwise the SUT-EURO should be used instead; and (c) the total industry output is best estimated by the SUT-EURO method when this is not available. |
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Keywords: | SUT-EURO SUT-RAS updating projection supply and use tables |
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