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An Algorithm to Balance Supply and Use Tables
Author:
Mr. Michael Stanger
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Series:
Technical Notes and Manuals
Volume/Issue:
Volume 2018: Issue 003
Language:
English
Publication Date:
25 Oct 2018
DOI:
https://doi.org/10.5089/9781484363966.005
ISBN:
9781484363966
ISSN:
2075-8669
Pages:
28
Keywords:
TNM; secondary product; input data; Supply and Use Tables; Input-Output Tables; GDP; System of National Accounts 2008 (2008 SNA); SUT balancing; SUT framework; supply matrix; SUT compilation; SUT algorithm; Consumption; Imports; Household consumption; Exports
Legal-disclaimer:
This Technical Guidance Note should not be reported as representing the views of the IMF. The views expressed in this paper are those of the authors and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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A Supply and Use Table (SUT) serve to increase the quality of GDP and related aggregates by providing a framework to detect and resolve inconsistencies in data sources. SUTs are also a powerful analytical tool that permit users to access information on detailed production functions, consumption, export, and import baskets, or to derive input-output tables. SUT compilation is data intensive and requires a balancing process. The balancing procedure is labor intensive and generally requires several long and sometimes tedious iterations, which has an adverse effect on timeliness. This note describes a basic algorithm developed by the IMF to balance supply and use tables automatically, allowing a much faster SUT balancing process. For training purposes, this algorithm has been implemented as an Excel tool SUTB, making it operational almost globally. The optimization process is illustrated with an example.
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Cover Technical Notes and Manuals
Technical Notes and Manuals
ISSN:
2075-8669
Publisher:
International Monetary Fund
Volume 2018: Issue 003