Projecting input-output table for Malaysia: a comparison of ras and euro method

Shuja’ N; Lazim M. A (UITM); Yap B. W (UITM)

Please use this identifier to cite or link to this item: https://ptsldigital.ukm.my/jspui/handle/123456789/578387

Title:	Projecting input-output table for Malaysia: a comparison of ras and euro method
Authors:	Shuja’ N Lazim M. A (UITM) Yap B. W (UITM)
Keywords:	Euro method Projecting input-output table RAS method
Issue Date:	Jul-2017
Description:	Input-Output analysis provides important information about the structure of a country’s economy. The construction of input-output tables based on detailed census or surveys is a complex procedure requiring substantial financial outlay, human capital, and time. This is the main reason why Malaysia Input-Output (MIO) Table is produced and published on average once every five years. For policy makers past data is not seen as suitable for planning economic policies. The aim of this study is to compare RAS and Euro methods to project input-output tables for Malaysia. The data for the study are MIO table and Gross Domestic Product for the years 2000, 2005 and 2010. The RAS and Euro method were used to project the MIO table 2005 using MIO table 2000 and also projection of MIO table 2010 using MIO table 2005. The projection of I-O tables involved an intensive iterative procedure using Excel Visual Basic programming. The projection performance of RAS and Euro methods were assessed based on Mean Absolute Deviation (MAD), Root Mean Squared Error (RMSE) and Dissimilarity Index (DI). The results show that Euro method performed better than the RAS method in the projection of MIO table.
News Source:	Pertanika Journals
ISSN:	0128-7680
Volume:	25
Pages:	745-758
Publisher:	Universiti Putra Malaysia Press
Appears in Collections:	Journal Content Pages/ Kandungan Halaman Jurnal

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