Physical Sciences and Mathematics Commons^™

Simulating Regional Interindustry Models For Western States, William A. Schaffer, Kong Chu

Applications

Although regional input-output models are now most frequently constructed on the basis of reasonably adequate surveys, simulation (estimating) techniques not based on original survey data are still in use by many regional scientists for quick and less costly results. We will modify our original aggregation procedures, examine our results through several statistical tests of tables constructed for three Western states, and discuss a possible correction procedure for improving raw estimates of interindustry transactions.