Reconciling Reconciliation Procedures in Regional Input-Output Analysis
- 1 October 1979
- journal article
- research article
- Published by SAGE Publications in International Regional Science Review
- Vol. 4 (1) , 23-36
- https://doi.org/10.1177/016001767900400102
Abstract
The primary aim of this paper is to extend my previous work on the reconciliation of regional coefficients in input-output models. Specifically, an effort is made to show how certain types of a priori or judgmental information may be incorporated into the minimum variance reconciliation (MVR) process. In addition, this paper provides a response to Miernyk's objections that the MVR method: (1) produces coefficient estimates of doubtful statistical or theoretical validity and (2) systematically underestimates diagonal regional coefficients as well as the sum of interindustry sales for a given sector.Keywords
This publication has 6 references indexed in Scilit:
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- Reconciling "Rows Only" and "Columns Only" Coefficients in an Input-Output ModelInternational Regional Science Review, 1976
- Input-Output as a Simple Econometric ModelThe Review of Economics and Statistics, 1976
- A Two-Stage Least-Squares Estimation with Inequality Restrictions on ParametersThe Review of Economics and Statistics, 1976
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- Estimation of stochastic input-output modelsPublished by Springer Nature ,1976