Reconciling Reconciliation Procedures in Regional Input-Output Analysis

The primary aim of this paper is to extend my previous work on the reconciliation of regional coefficients in input-output models. Specifically, an effort is made to show how certain types of a priori or judgmental information may be incorporated into the minimum variance reconciliation (MVR) proces...

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Bibliographic Details
Published in:International regional science review 1979-10, Vol.4 (1), p.23-36
Main Author: Gerking, Shelby D.
Format: Article
Language:English
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Summary:The primary aim of this paper is to extend my previous work on the reconciliation of regional coefficients in input-output models. Specifically, an effort is made to show how certain types of a priori or judgmental information may be incorporated into the minimum variance reconciliation (MVR) process. In addition, this paper provides a response to Miernyk's objections that the MVR method: (1) produces coefficient estimates of doubtful statistical or theoretical validity and (2) systematically underestimates diagonal regional coefficients as well as the sum of interindustry sales for a given sector.
ISSN:0160-0176
1552-6925
DOI:10.1177/016001767900400102