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NONSURVEY INPUT‐OUTPUT ESTIMATION TECHNIQUES: EVIDENCE ON THE STRUCTURE OF ERRORS
Author(s) -
Garhart Robert E.,
Giarratani Frank
Publication year - 1987
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/j.1467-9787.1987.tb01157.x
Subject(s) - multiplier (economics) , estimation , error detection and correction , computer science , error analysis , econometrics , algorithm , mathematics , economics , macroeconomics , management
This paper concerns the nature and extent of error introduced to regional input‐output multipliers by errors associated with the estimation of regional purchase coefficients (rpc's). Using the Washington State input‐output model and computer simulations, estimates of multiplier error are generated for two distinct sources of rpc error. The results indicate that multiplier error from both rpc sources may be significant and support the findings of previous studies which highlight the importance of error introduced to the household purchases column for multiplier accuracy.