ABSTRACT
This paper introduces a new class of supply-side multiregional input-output (MRIO) models and provides the necessary and sufficient conditions on the regional trade matrices that ensure that a generalised supply-side model will be convergent. The paper also introduces a new version of the row coefficient model, conceived as the ‘mirror image’ of the Chenery-Moses demand-side column coefficient (MRIO) model. Given that the conventional supply-side input-output model has been shown to perform equally as well as the demand side model in forecasting exercises, the supply-side MRIO model is expected to be of value for policy and planning purposes. Moreover, this model is of potential theoretical value for a broad synthesis of demand-side and supply-side (MRIO) models.
