Munich Personal RePEc Archive

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.

[img]
Preview
PDF
MPRA_paper_46873.pdf

Download (486kB) | Preview

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.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.