Difference between revisions of "Balanced Input-Output Model"
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* Total supply must equal total use in a [[Supplay And Use Framework]] | * Total supply must equal total use in a [[Supplay 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]] |
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| + | 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 == | ||
Revision as of 15:56, 28 February 2022
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 Supplay 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.
