The GRAS_method.xlsx Model

Matrix Balancing with the Generalized RAS (GRAS) Method

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Given an old or base input-output structure of an economy, we want to update it with respect to known values of gross outputs, intermediate inputs and outputs of related sectors for the target year.
Start matrix can consist of positive as well as negative values unlike the classical RAS approach.

Keywords:

Forecasting | Economics | Input-Output Table | Leontief | RAS method | Biproportional Matrix Adjustment | Matrix Balancing |