Recently, great attention has been paid to the uncertainties associated with multiregionalinput-output (MRIO) models related to the available data sources. We propose a new method based on the entropy maximization p...
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Recently, great attention has been paid to the uncertainties associated with multiregionalinput-output (MRIO) models related to the available data sources. We propose a new method based on the entropy maximization principle and fuzzy optimization, which takes explicitly into account the uncertainty embedded in available information. It allows to estimate jointly the values of production level, the trade coefficients and the final demand values assuming the availability of incomplete and/or approximate data on some elements of trade coefficients and of final demand of goods. The model, applied to real scale problem, shows good estimation performances and robustness in different scenario. (C) 2014 Elsevier Ltd. All rights reserved.
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