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A Proposed Method Of Correcting The Construction Entries In The 2006 Philippine Input-Output Table, Albert E. Lamberte, Krista Danielle Yu, Caesar Cororation
A Proposed Method Of Correcting The Construction Entries In The 2006 Philippine Input-Output Table, Albert E. Lamberte, Krista Danielle Yu, Caesar Cororation
Angelo King Institute for Economic and Business Studies (AKI)
The construction of national input-output (IO) tables follows internationally acceptable standards such as the United Nations Systems of National Accounts (UN SNA) and European System of Accounts (ESA). These standards are used to ensure tractability and coherence between country tables. The 2006 Philippine IO table published by the Philippine Statistics Authority (PSA) assumes that the construction sector does not provide any input to the production of output for any economic sector. With the booming infrastructure development in the Philippines, this assumption that intermediate demand for construction output has a value of zero is unreasonable. This study proposes a corrective approach …