Evaluation of the relative performance of RAS and cross-entropy techniques for updating input-output tables of Malaysia
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 tec...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Faculty of Economics & Administration, University of Malaya and Malaysian Economic Association
2014
|
| Online Access: | http://psasir.upm.edu.my/id/eprint/37543/ http://psasir.upm.edu.my/id/eprint/37543/1/Evaluation%20of%20the%20relative%20performance%20of%20RAS%20and%20cross.pdf |
| _version_ | 1848848636074524672 |
|---|---|
| author | Saari, Mohd Yusof Hassan, Azman Abd Rahman, Muhammad Daaniyall Mohamed, Azali |
| author_facet | Saari, Mohd Yusof Hassan, Azman Abd Rahman, Muhammad Daaniyall Mohamed, Azali |
| author_sort | Saari, Mohd Yusof |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-15T09:37:39Z |
| format | Article |
| id | upm-37543 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T09:37:39Z |
| publishDate | 2014 |
| publisher | Faculty of Economics & Administration, University of Malaya and Malaysian Economic Association |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-375432016-01-27T01:34:07Z http://psasir.upm.edu.my/id/eprint/37543/ Evaluation of the relative performance of RAS and cross-entropy techniques for updating input-output tables of Malaysia Saari, Mohd Yusof Hassan, Azman Abd Rahman, Muhammad Daaniyall Mohamed, Azali 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. Faculty of Economics & Administration, University of Malaya and Malaysian Economic Association 2014 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/37543/1/Evaluation%20of%20the%20relative%20performance%20of%20RAS%20and%20cross.pdf 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 http://mjes.um.edu.my/811-990 |
| spellingShingle | Saari, Mohd Yusof Hassan, Azman Abd Rahman, Muhammad Daaniyall Mohamed, Azali Evaluation of the relative performance of RAS and cross-entropy techniques for updating input-output tables of Malaysia |
| title | Evaluation of the relative performance of RAS and cross-entropy techniques for updating input-output tables of Malaysia |
| title_full | Evaluation of the relative performance of RAS and cross-entropy techniques for updating input-output tables of Malaysia |
| title_fullStr | Evaluation of the relative performance of RAS and cross-entropy techniques for updating input-output tables of Malaysia |
| title_full_unstemmed | Evaluation of the relative performance of RAS and cross-entropy techniques for updating input-output tables of Malaysia |
| title_short | Evaluation of the relative performance of RAS and cross-entropy techniques for updating input-output tables of Malaysia |
| title_sort | evaluation of the relative performance of ras and cross-entropy techniques for updating input-output tables of malaysia |
| url | http://psasir.upm.edu.my/id/eprint/37543/ http://psasir.upm.edu.my/id/eprint/37543/ http://psasir.upm.edu.my/id/eprint/37543/1/Evaluation%20of%20the%20relative%20performance%20of%20RAS%20and%20cross.pdf |