Difference between revisions of "Balanced Input-Output Model"
From Open Risk Manual
Wiki admin (talk | contribs) |
Wiki admin (talk | contribs) |
||
| (2 intermediate revisions by the same user not shown) | |||
| Line 3: | Line 3: | ||
== Examples == | == Examples == | ||
| − | * Total | + | * Total Supply must equal Total Use in a [[Supply And Use Framework]] |
| − | * Total | + | * [[Total Output]] equals [[Intermediate Consumption]] plus [[Value Added]] |
| − | * The [[RAS Technique]] is often employed to balance a [[Social Accounting Matrix]] | + | * The [[RAS Technique]] is often employed to balance a [[Social Accounting Matrix]] |
| − | |||
| − | |||
| − | |||
| + | |||
| + | SAMS, by their structural requirements and conventions, e.g., requiring a square transactions matrix with row and column totals equal, are useful for reconciling different sources of data that may be inconsistent. | ||
== References == | == References == | ||
Latest revision as of 15:53, 16 November 2023
Definition
Balanced Input-Output Model refers to adjustments that may be necessary to perform on an Input-Output Model that is constructed on the basis of imperfect data to ensure that any applicable fundamental identities are satisfied.
Examples
- Total Supply must equal Total Use in a Supply And Use Framework
- Total Output equals Intermediate Consumption plus Value Added
- The RAS Technique is often employed to balance a Social Accounting Matrix
SAMS, by their structural requirements and conventions, e.g., requiring a square transactions matrix with row and column totals equal, are useful for reconciling different sources of data that may be inconsistent.
