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A Note on Adjusting National Input‐Output Data for Regional Table Construction[Note 1. The support of the Urban Affairs Committee at The ...]
Author(s) -
Comer Jonathan C.,
Jackson Randall W.
Publication year - 1997
Publication title -
journal of regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.171
H-Index - 79
eISSN - 1467-9787
pISSN - 0022-4146
DOI - 10.1111/0022-4146.00047
Subject(s) - table (database) , benchmark (surveying) , commodity , foundation (evidence) , econometrics , economics , computer science , national accounts , operations research , data mining , macroeconomics , geography , mathematics , finance , geodesy , archaeology
Regional analysts face a trade‐off between timeliness and detail of commodity‐industry data. The trade‐off exists because the Bureau of Economic Analysis national aggregated annual update tables are published for years more recent than those for which the disaggregated benchmark accounts are available. Conventional wisdom holds that regionalization should precede aggregation, so a disaggregated foundation table is preferred to an aggregation of that same table. This paper shows that the Table Disaggregation and Adjustment (TDA) method of Jackson and Comer (1993) produces a better foundation for regionalization than an unadjusted benchmark, price‐updated benchmark, or aggregated annual update table.