Search results for "Mathematical Economics"
showing 10 items of 240 documents
On the Impossibility of Calculating the Product Technology in the Supply-Use Model
2009
The Supply-Use input-output model of the SNA and Eurostat is examined. For the product-by-product IO tables, two hypothesis are possible: "product technology", largely adopted (Eurostat A) and examined here, and "industry technology" (Eurostat B). One examines the calculability of the model. Negatives are an issue; (i) they are systematical in the inverse supply matrix: negative probabilities are impossible, Markov chains become impossible; (ii) negative flows are nonsense in symmetric matrix of coefficients or in inverse matrices. Matrices must be square what removes much of their interest. Same conclusions can be transposed to industry-by-industry IO tables under fixed-industry-sales-stru…
New Developments in the Use of Location Quotients to Estimate Regional Input–Output Coefficients and Multipliers
2004
Tohmo T. (2004) New developments in the use of location quotients to estimate regional input–output coefficients and multipliers, Reg. Studies 38, 43–54. This study compares the survey-based regional input–output coefficients and production multipliers published by Statistics Finland, 2000, with estimates obtained by applying location quotients (LQs) to national data. The consequences of using alternative adjustment formulae, the ‘SLQ, CILQ and FLQ’ are illustrated by an input–output model constructed for the Keski-Pohjanmaa (K-P) region. The results indicate that the SLQ and CILQ both produce highly misleading regional input–output coefficients and multipliers. These adjustment formulae ar…
Reciprocal vs nonreciprocal trade agreements: Which have been best to promote exports?
2019
The Doha Development Agenda recognizes the central role that international trade can play in the promotion of economic development. In fact, the increase of exports from developing countries to developed nations' markets has been considered a key element for developing countries to realize the potential benefits of globalization. Over the last decades, developed countries have provided preferential access to their markets to developing countries through nonreciprocal trade agreements. Moreover, developing countries have also participated in reciprocal trade agreements. This paper re-examines comparatively the effect of both kinds of trade agreements on exports from developing countries but …
Explanatory Reasoning: A Probabilistic Interpretation
2016
This paper deals with inference guided by explanatory considerations –specifically with the prospects for a probabilistic interpretation of it. After pointing out some differences between two sorts of explanatory reasoning – i.e.: abduction and “inference to the best explanation” – in the first section I distinguish two tasks: (a) to discern which explanation is the best one; (b) to assess whether the best explanation deserves to be legitimately believed. In Sect. 20.2 I discuss some recent definitions of explanatory power based on “reduction of uncertainty” (Schupbach and Sprenger 2011; Crupi and Tentori 2012). Even though a probabilistic framework is a promising option here, I will argue …
A Note on added information in the RAS Procedure: reexamination of some evidence
2006
International audience; An example in Miernyk (1977) presented a rather counterintuitive result, namely that introducing accurate exogenous information into an RAS matrix estimating procedure could lead to an estimate that was worse than one generated by RAS using no exogenous information at all. This became an oft-cited black mark against RAS. Miller and Blair (1985) included a different (and small) illustration of the same possibility. It was recently pointed out by one of us that the Miller/Blair numerical results are wrong. For that reason, we decided to reexamine all the empirical evidence we could find on the subject. While figures in both Miernyk and Miller/Blair appear to be wrong, …
Normalizing biproportional methods
2002
International audience; Biproportional methods are used to update matrices: the projection of a matrix Z to give it the column and row sums of another matrix is R Z S, where R and S are diagonal and secure the constraints of the problem (R and S have no signification at all because they are not identified). However, normalizing R or S generates important mathematical difficulties: it amounts to put constraints on Lagrange multipliers, non negativity (and so the existence of the solution) is not guaranteed at equilibrium or along the path to equilibrium.
Horizontal inequity comparisons
1998
In this paper, we expound the idea that horizontal inequity (HI) in different tax systems be compared by transplanting the HI from one tax system into the other, as a mapping between its pre- and post-tax living standard distributions, and then applying known results to compare the extent of association present in the two joint distributions. We make this idea operational by means of axioms which, we show, lead to an implementable procedure based on the `copula'. Statistical inference procedures are discussed, and illustrative empirical exercises are undertaken for the UK, Canadian and Israeli tax and benefit systems.
The Duality of Entropy/Extropy, and Completion of the Kullback Information Complex
2018
The refinement axiom for entropy has been provocative in providing foundations of information theory, recognised as thoughtworthy in the writings of both Shannon and Jaynes. A resolution to their concerns has been provided recently by the discovery that the entropy measure of a probability distribution has a dual measure, a complementary companion designated as &ldquo
The Unintended Side Effects of Bioplastics: Carbon, Land, and Water Footprints
2020
(One Earth 3, 45–53, July 24, 2020) In the originally published version of this article, the authors inadvertently used global volumes of bioplastics in plastic packaging instead of European volumes for Figure 1C. After noticing this, the authors recalculated European bioplastic packaging consumption, and as such, Figure 1 and its legend have been corrected in the online article (as shown below) to reflect all data sources used for estimating European bioplastic volumes in Figure 1C. In the Experimental Procedures, the Data and Code Availability section has been updated, and the section “Estimation of European Bioplastic Volumes” has been added. Additionally, reference 69 is new, and two in…