RRI TechDoc 2020-01
Regional Research Institute
Generating expected output series is a critically important step in building Conway-type hybrid econometric input-output models. Because the RRI most often uses a modeling method that takes advantage of Jackson's Rest-of-World industry mechanism for representing imports in the Supply (Make) table rather than in final demand, we must insure that this method for generating historical expected output series will be consistent with the way in which future expected output is estimated (Jackson, 1998). This brief TechDoc lays out the relevant mathematical foundations. In so doing, we also identify the appropriate corresponding impacts assessment formulation.
Digital Commons Citation
Jackson, Randall and Járosi, Péter, "ECIO Input-Output Relationships Generating Expected Output Series" (2020). Regional Research Institute Technical Documents. 15.