Difference between revisions of "Balanced Input-Output Model"
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== Examples == | == Examples == | ||
| − | * Total supply must equal total use in a [[ | + | * Total supply must equal total use in a [[Supply And Use Framework]] |
* Total output equals intermediate consumption plus value added | * 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]] | ||
Revision as of 12:55, 18 September 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.
