Supply And Use Framework

From Open Risk Manual

Definition

Supply And Use Framework in the context of Input-Output analysis is the procedure of constructing IO tables on the basis of the Supply And Use Tables.

  • Supply table: Value of products produced by each industry
  • Use table: Products used by each industry and final demand

Construction

In order to derive IOTs in the end, both the supply and the use table should adopt the same price concept. From Supply-Use System to IO tables:

  • Requires particular technology assumptions e.g. product X is produced with same technology in each industry
  • Results in either Industry x Industry or Product x Product tables

National Accounts Data (SNA)

  • Value added by industry
  • Gross output by industry
  • Total final demand by type
  • Total exports and imports

Supply Use Tables (SUT)


Harmonization of SNA / SUT Time series of national SUT Valuation Matrices

Bilateral International Trade Statistics

  • Goods Trade
  • Service Trade

World SUT without RoW

  • Data and estimation of RoW trade
  • RAS algorithm

Transformation into World IO Table

  • Estimation of RoW


References