Hybrid Input-Output Model
From Open Risk Manual
Contents
Definition
A Hybrid Input-Output Model is an input-output model that includes (accounts) for both monetary value flows and physical flows. In a hybrid IO model the values of certain rows are relevant volume details. Final Demand is made up partly of values and partly of volumes. A primary example of such models is Energy Input-Output Analysis
Usage
A hybrid model has the following advantages compared with the pure values approach:[1]
- non-homogeneous flows of goods with significant variations in average prices among the different purchasers are replaced by the volumes required in the IOA,
- exchanging the quoted values for the energy sectors (IOT rows) facilitates further dis- aggregation of the energy sectors,
- using volumes (heating figures) for the production and consumption of energy enables a direct link to be made between the carbon dioxide emissions and the energy consumption figures.
See Also
References
- ↑ Federal Statistical Office of Germany, Environmental-Economic Accounting Extended Input-Output Model for Energy and Greenhouse Gases, February 2011
