Estimation of stochastic input-output models
Some statistical problems
Book
Chapter
Since Leontief’ s pioneering work in the 1940’s, input-output models have achieved great popularity in applied economic analysis. This has occurred largely because researchers have found the input-output appro...
Chapter
Over the past twenty-five years, the problem of aggregation bias in input-output analysis has been investigated by many scholars.1 This interest has arisen largely because aggregation bias has important consequen...
Chapter
As was indicated in Chapter 1, this monograph had two principle objectives. The first, and most important, of these was to develop a method for determining the ‘goodness of fit’ between an input-output model a...
Chapter
The problem of calculating standard errors or other measures of dispersion for a set of estimated technical coefficients has been virtually ignored in input-output analysis. This omission represents a glaring ...
Chapter
As was pointed out in the introduction, measures of dispersion, such as standard errors, have never been calculated for the estimated coefficients in a cross-sectionally based interindustry model. However, emp...
Chapter
The preceding chapter provided an exposition of the TSLS method of estimating a set of technical coefficients. It was argued that TSLS produces both consistent estimates of these parameters and consistent esti...