Regional input-output multipliers without a full I-O table

Burford, Roger L.; Katz, Joseph

doi:10.1007/bf01286115

Cited by 12 publications

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“…The variance can be measured either through simulation techniques as provided in Burford and Katz [4] or through the actual theoretical derivation of the variance. Generally, simulations of the variance for the various shortcut formulas show them to be extremely small, which points out the relative insensitivity of input-output multipliers to the unknown matrix information.…”

Section: )mentioning

confidence: 99%

“…Previously, by following an approach due to Drake, shortcut formulas were derived for the output, direct indirect income, total and direct indirect induced income multipliers as follows [4]:…”

Section: Notation and Definitionsmentioning

confidence: 99%

“…The shortcut multiplier formula technique is another approach that is based on the idea that not every input-output coefficient is important in the formation of a particular industry's multipliers, but rather there are several parameters that critically affect the size of each multiplier (see for example Burford and Katz [4], Katz and Burford [8]). This method attempts to construct a formula using these "critical parameters" which represent only a small part of the data required by the actual input-output matrix.…”

Section: Introductionmentioning

confidence: 99%

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Shortcut formulas for output, income and employment multipliers

Katz

Burford

1985

Ann Reg Sci

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Although Input-Output models provide a method to measure the output, income, and employment impacts of an industry sector on its regional economy, the extensive data requirements make the construction of an accurate survey based input-output model extremely expensive. Using the "random matrix approach," this paper derives and empirically tests shortcut formulas for output, income, and employment impacts that closely approximate the actual effects.

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Section: )mentioning

confidence: 99%

Section: Notation and Definitionsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Shortcut formulas for output, income and employment multipliers

Katz

Burford

1985

Ann Reg Sci

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“…This method was used by BURFORD and KATZ (1977;pp.21-38). They showed that the output multipliers were primarily determined by the column sums of the A matrix.…”

Section: Coefficient Sum and Means Methodsmentioning

confidence: 99%

Assessing Economic Connectedness Degree of the Malaysian Economy: Input-Output Model Approach

Bekhet¹

2009

IJEF

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Economic connectedness can be defined as the degree of internal connectedness of interdependence between the sectors of an economy. In input-output models intersectoral connectedness is a crucial feature of analysis, and there are many different methods of measuring it. These measures are believed to be important structural indicators, helpful in model estimation. Also, such measures could be analytical useful, along with the input-output models themselves, as descriptions of the nature of the modeled economies, as aids in model estimation, and perhaps as indication of the level of economic development. However, they allow for a summary description and comparative analysis of various linear flow systems. Most of the measures, however, have important drawbacks to be used as a good indicator of economic connectedness, because they were not explicitly made with this purpose in mind. In this paper, I present, discuss, compare and interpretation empirically different indexes of economic connectedness as sectoral connectedness, using a set of four empirical models for the Malaysian economy. The results suggest that mean intermediate coefficient total per sector, % intermediate transaction and % nonzero coefficients are the most generally useful interconnectedness measures for Malaysian Economy.

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“…A number of papers have examined some of the characteristics of the input-output model, and some of the conventions and practices followed in the preparation of input-output tables. A short and non-exhaustive list of these would include the effects of aggregation (for example Doekson and Little [5] and Hewings [I0]), the problem of reconciliation of row and column estimates (Gerking [9], Jensen and McGaurr [12], Miernyk [14]), uncertainty in technical coefficients (Gerking [8]), the distinction between price change and 'real' multiplier effects (Lee and Sehluter [13]), the relationship between inputoutput and other research approaches (Bradley and Gander [I]), and possible alternative methods to obtain estimates of input-output multipliers (Davis [4], Drake [6], Miernyk [14], Burford and Katz [2]). These studies are timely in that they open for discussion new facets of the input-output technique, many of which have been taken for granted as acceptable by virtue of established practice, and remind analysts that procedural choices and operational decisions made during the compilation of tables may effect the analytical value and *Senior Lecturer in Economics, University of Queensland, Australia.…”

Section: Introductionmentioning

confidence: 99%

Some accounting procedures and their effects on input-output multipliers

Jensen

1978

Ann Reg Sci

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This paper examines three accounting procedures in inputoutput analysis, namely the valuation of transactions (purchasers' v. producers' prices), the allocation of competitive imports (direct v. indirect allocation), and the treatment of intrasectoral transactions (gross v. net tables). Two tables, namely the Australian National tables, and the Central Queensland regional tables were modified to express common combinations of accounting procedures; output multipliers were obtained for each form of the tables and compared.The results show some substantial differences in both the magnitude and ranking of the multipliers from different forms of the tables.

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Regional input-output multipliers without a full I-O table

Cited by 12 publications

References 4 publications

Shortcut formulas for output, income and employment multipliers

Shortcut formulas for output, income and employment multipliers

Assessing Economic Connectedness Degree of the Malaysian Economy: Input-Output Model Approach

Some accounting procedures and their effects on input-output multipliers

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