Alternative Input-Output Matrix Updating Formulations

There has been a recent resurgence of interest in biproportional adjustment methods for updating and interpreting change in matrix representations of regional structures, most commonly input-output accounts. Although the biproportional method, commonly called the RAS technique in the input-output li...

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Bibliographic Details
Published inEconomic systems research Vol. 16; no. 2; pp. 135 - 148
Main Authors Jackson, Randall, Murray, Alan
Format Journal Article
LanguageEnglish
Published Abingdon Taylor & Francis Group 01.06.2004
Taylor and Francis Journals
Taylor & Francis Ltd
SeriesEconomic Systems Research
Subjects
Alternatives
Biproportion
Distance Measures
Economic systems
Information
Input output analysis
Mathematical models
Mathematics
Matrix
Measurement
Methods
Ras
Statistical analysis
Studies
Updating
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Summary:There has been a recent resurgence of interest in biproportional adjustment methods for updating and interpreting change in matrix representations of regional structures, most commonly input-output accounts. Although the biproportional method, commonly called the RAS technique in the input-output literature, has been shown to have a number of theoretically appealing properties, various alternatives do exist. In this paper, we develop and empirically assess a number of alternatives, comparing performance and examining the attributes of these adjustment methods. Two of these are sign-preserving updating methods for use when tables contain both positive and negative entries. One of these is shown to generate less information gain than does a generalized RAS method that Junius & Oosterhaven (2003) formulated to deal with matrices with both positive and negative values. Overall, while the RAS method continues to be commonly used and its choice is often rational, alternative methods can perform as well or better along certain dimensions and in certain contexts.
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ISSN:0953-5314
1469-5758
DOI:10.1080/0953531042000219268