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An Alternative Treatment of Secondary Products in Input-Output Analysis
Thijs ten Raa, Debesh Chakraborty and J. Anthony Small
The Review of Economics and Statistics
Vol. 66, No. 1 (Feb., 1984), pp. 88-97
Published by: The MIT Press
Stable URL: http://www.jstor.org/stable/1924699
Page Count: 10
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The United Nations System of National Accounts includes an input or "use" table U = (u"i"j) of commodities i consumed by industries j and an output or "make" table V = (v"ij") of industries producing commodities j. This paper is on the construction of an input-output or "requirements" table A = (@?"i"j) of commodities i for commodities j. The established constructs are criticised. The current favourite, the industry technology model, is rejected on the ground that the choice of base year prices affects the results in more than a scaling fashion. The paper presents an alternative to the existing constructs which cancels out the shortcomings and amounts to a rich representation of technology.
The Review of Economics and Statistics © 1984 The MIT Press