The Conversion of the Supply and Use Tables to Symmetric Input-Output Tables: A Critical Review

Soklis, George (2009): The Conversion of the Supply and Use Tables to Symmetric Input-Output Tables: A Critical Review. Published in: Bulletin of Political Economy , Vol. 3, No. 1 (2009): pp. 51-70.

Abstract

This paper reviews the available methods used to convert Supply and Use Tables of actual economic systems to Symmetric Input-Output Tables. It is argued that all conversion methods rest on the unrealistic assumption that single production, and not joint production, characterizes the economic structure of the real world. Finally, a straightforward treatment, based on general joint-product models inspired by von Neumann (1945) and Sraffa (1960), of the Supply and Use Tables is proposed as a way out of the inconsistencies of the conversion methods.

• Item Type: MPRA Paper
• Language: English
• Keywords: Conversion Methods, Input-Output Analysis, Joint Production, Sraffian Analysis, Supply and Use Tables, Symmetric Input-Output Tables.
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B51 - Socialist ; Marxian ; Sraffian; C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C67 - Input-Output Models; D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D57 - Input-Output Tables and Analysis

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