Special Input Output Industries Or Commodities

From Open Risk Manual

Definition

Special Input Output Industries Or Commodities. Industries/commodities that are provided for in the I-O industry classification system but are not included in the SIC or NAICS.

In the 1997 benchmark accounts, they consisted of both industries and commodities for the inventory valuation adjustment and owner- occupied housing and of commodities for noncomparable imports, for scrap, used and secondhand goods, and for the rest-of-the-world adjustment to final uses. I-O special industries/commodities are incorporated to maintain consistency with economic concepts underlying the NIPAs.[1]

References

  1. Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009