SUPPLY-SIDE MULTIREGIONAL INPUT-OUTPUT MODELS* |
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Authors: | Ranko Bon |
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Abstract: | ABSTRACT This paper introduces a new class of supply-side multiregional input-output (MRIO) models and provides the necessary and sufficient conditions on the regional trade matrices that ensure that a generalized supply-side model will be convergent. The paper also introduces a new version of the row coefficient model, conceived as the “mirror image” of the Chenery-Moses demand-side column coefficient MRIO model. Given that the conventional supply-side input-output model has been shown to perform equally as well as the demand side model in forecasting exercises, the supply-side MRIO model is expected to be of value for policy and planning purposes. Moreover, this model is of potential theoretical value for a broad synthesis of demand-side and supply-side MRIO models. |
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