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Journal ArticleDOI

The Concept of Accuracy in Regional Input-Output Models

Rodney C. Jensen
- 01 Aug 1980 - 
- Vol. 5, Iss: 2, pp 139-154
TLDR
Two interpretations of accuracy, namely partitive and holistic accuracy, are discussed with reference to interpretation of input-output tables, and some suggested criteria for holistic accuracy are provided.
Abstract
This paper focuses attention on the concept of accuracy in regional input-output tables. Two interpretations of accuracy, namely partitive and holistic accuracy, are discussed with reference to interpretation of input-output tables. Implications are drawn from recent contributions to the regional input-output literature in terms of the ‘reconciliation’ debate and the survey versus non-survey debate. Holistic accuracy is the only concept which is tenable in practice; some suggested criteria for holistic accuracy are provided.

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Citations
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Journal ArticleDOI

Building eora: a global multi-region input–output database at high country and sector resolution

TL;DR: The results from a project aimed at creating an MRIO account that represents all countries at a detailed sectoral level, allows continuous updating, provides information on data reliability, contains table sheets expressed in basic prices as well as all margins and taxes, and contains a historical time series are described.
Journal ArticleDOI

Mapping the structure of the world economy.

TL;DR: A new series of environmentally extended multi-region input-output (MRIO) tables with applications in carbon, water, and ecological footprinting, and Life-Cycle Assessment, as well as trend and key driver analyses, significantly advances the previous state of art.
Book ChapterDOI

Economic Principles, Issues, and Research Priorities in Hazard Loss Estimation

TL;DR: The quantification of economic losses from natural and manmade hazards is necessary to gauge individual and community vulnerability, evaluate the worthiness of mitigation, determine the appropriate level of disaster assistance, improve recovery decisions, and inform insurers of their potential liability as mentioned in this paper.
Journal ArticleDOI

Quo Vadis MRIO? Methodological, data and institutional requirements for multi-region input–output analysis

TL;DR: In this paper, the authors reflect on the reasons for the recent boom in MRIO compilation, summarise the current state of development and discuss future options for MRIO analysis and propose systemic and institutional changes.
Journal ArticleDOI

A synthesis of carbon in international trade

TL;DR: In this article, the authors synthesize current understanding in two parts: (1) CO2 emissions embodied in goods and services that are produced in one country but consumed in others, and (2) carbon physically present in fossil fuels, petroleum-derived products, harvested wood products, crops, and livestock products.
References
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Book

On the accuracy of economic observations

TL;DR: On the Accuracy of Economic Observations as discussed by the authors is a book about the accuracy of economic observations and its application in economic forecasting. But it is not a comprehensive book. And it is incomplete.
Journal ArticleDOI

On the Accuracy of Economic Observations

Abstract: The Description for this book, On the Accuracy of Economic Observations, will be forthcoming.
Journal ArticleDOI

The Effect of Relative Coefficient Size on Input—Output Multipliers

TL;DR: This paper provided a measure of the effect of relative coefficient size on input-output multipliers and derived a multiplier accuracy-maximising approach to table preparation, showing the dominant role of the larger coefficients in multiplier formation.
Journal ArticleDOI

Comments on Recent Developments in Regional Input-Output Analysis

TL;DR: One of the more difficult problems involved in constructing survey-based regional input-output tables; that is, the reconciliation of interindustry purchase and sales estimates is focused on.