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2 results

  • 3 - Input–Output Models at the Regional Level

  • Ronald E. Miller, University of Pennsylvania, Peter D. Blair
  • Book:
    Input-Output Analysis
    Published online:
    06 January 2022
    Print publication:
    13 January 2022, pp 63-111

  • Summary

    Chapter 3 extends the basic input–output framework to analysis of regions and the relationships between regions. First, “single-region” models are presented and the various assumptions employed in formulating regional models versus national models are explored. Next, the structure of an interregional input–output (IRIO) model, designed to expand the basic input–output framework to capture transactions between industrial sectors in regions, is presented. An important simplification of the IRIO model designed to deal with the most common of data limitations in constructing such models is known as the multiregional input–output (MRIO) model. The basic MRIO formulation is presented and the implications of the simplifying assumptions explored as well as the balanced regional model which captures the distinction between industrial production for regional versus national markets. Finally, the chapter summarizes the fast-growing range of applications of MRIO to multinational and global economic models and issues.

Input-Output Analysis
  • Foundations and Extensions
  • 3rd edition
  • Ronald E. Miller, Peter D. Blair
  • Published online:
    06 January 2022
    Print publication:
    13 January 2022
  • This essential reference for students and scholars in the input-output research and applications community has been fully revised and updated to reflect important developments in the field. Expanded coverage includes construction and application of multiregional and interregional models, including international models and their application to global economic issues such as climate change and international trade; structural decomposition and path analysis; linkages and key sector identification and hypothetical extraction analysis; the connection of national income and product accounts to input-output accounts; supply and use tables for commodity-by-industry accounting and models; social accounting matrices; non-survey estimation techniques; and energy and environmental applications. Input-Output Analysis is an ideal introduction to the subject for advanced undergraduate and graduate students in many scholarly fields, including economics, regional science, regional economics, city, regional and urban planning, environmental planning, public policy analysis and public management.