Citation
Saari, Mohd Yusof and Hassan, Azman and Abd Rahman, Muhammad Daaniyall and Mohamed, Azali
(2014)
Evaluation of the relative performance of RAS and cross-entropy techniques for updating input-output tables of Malaysia.
Malaysian Journal of Economic Studies, 51 (2).
pp. 217-229.
ISSN 1511-4554
Abstract
The growing interest in applied general equilibrium models for policy analyses increases the demand for up-to-date input-output tables. Constructing survey-based input-output tables for a recent year is costly and time-consuming. These constraints have led to the emergence of non-survey updating techniques. In this paper, the relative performance of two prominent non-survey techniques designed to update input-output tables, the RAS and cross-entropy, is compared. Results show that the cross-entropy technique is superior to the RAS regardless of the size of matrices. For both techniques, our analyses suggest that the accuracy of estimates improves with a high level of sectoral aggregation.
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Official URL or Download Paper: http://mjes.um.edu.my/811-990
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management |
| Publisher: | Faculty of Economics & Administration, University of Malaya and Malaysian Economic Association |
| Keywords: | Cross-entropy; Input-output; RAS; Updating techniques |
| Depositing User: | Nabilah Mustapa |
| Date Deposited: | 14 Sep 2015 11:02 |
| Last Modified: | 27 Jan 2016 01:34 |
| URI: | http://psasir.upm.edu.my/id/eprint/37543 |
| Statistic Details: | View Download Statistic |
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