Abstract
This book has shown that the four basic IO models are practically unsuited as prediction models. The basic, demand-driven IO model, however, has proven to be a perfect descriptive device to measure the direct and indirect value added or natural resources embodied per unit consumption or exports, etc., whereas both price models offer as yet unused application possibilities. Moreover, IOTs, or better SUTs, or even better SAMs have proven to provide the indispensable data for ever more sophisticated, econometrically extended IO models and interindustry CGE models, both for single and for multiple regions and nations.
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Oosterhaven, J. (2019). Future: What to Forget, to Maintain and to Extend. In: Rethinking Input-Output Analysis. SpringerBriefs in Regional Science. Springer, Cham. https://doi.org/10.1007/978-3-030-33447-5_9
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