Input-output and the firm: Some comments
Morrison W. I. (1973) Input-output and the firm: Some comments, Reg. Studies 7, 253–256. This paper continues the debate started by Tiebout and continued recently in Regional Studies by Hewings and Greytak, who both suggested that a method originally proposed by Tiebout could be used to integrate an individual firm into a regional input-output table. Tiebout's approach is considered in some detail, and a number of critical comments are made. It is shown that Tiebout's method was not intended for use in the way Hewings intimated, and, consequently, many of Greytak's criticisms become less important. Finally, it is suggested that an iterative approach to the Leontief inverse is often most suitable in impact studies.
Regional input-output models in the U.K.: Some problems and prospects for the use of nonsurvey techniques
Hewings G. J. D. (1971) Regional input-output models in the U.K.: Some problems and prospects for the use of nonsurvey techniques, Reg. Studies 5, 11–22. The possibilities of utilizing nonsurvey data in the production of regional input-output tables have recently been investigated in the United States. In this study, the 1954 U.K. input-output tables were used as a basis for the construction of a set of regional tables for the West Midlands for 1954. Using published data, projections were made to 1958: these projected output figures compared favourably with data recorded in the 1958 Census of Production. While the aggregate differences were small, of greater significance were the differences in the estimation, by each of the nonsurvey techniques, of the individual input coefficients and column multipliers. Although considerable empirical testing remains to be done, nonsurvey techniques would seem to have considerable potential in assisting the production of regional accounts but it is doubtful whether pre...
The Use of Qualitative Information in Macro-Economic Policy Analysis
The majority of macro-economic policy models takes for granted that conflicts among objectives can be assessed by means of a tradeoff analysis. Such tradeoffs imply that sacrifices and benefits of various impacts of decisions can be measured on a cardinal scale, so that a conventional macro-economic utility or welfare analysis can be applied.