We present eight existing projection methods and test their relative performance in estimating Supply and Use tables (SUTs) of the Netherlands and Spain. Some of the methods presented have received little attention in the literature, and some have been slightly revised to better deal with negative elements and preserve the signs of original matrix entries. We find that (G)RAS and the methods proposed by Harthoorn and van Dalen (1987) and Kuroda (1988) produce the best estimates for the data in question. Their relative success also suggests the stability of ratios of larger transactions.Supply, Use, Updating techniques,
This paper provides empirical evidence on the changing nature of manufacturing in OECD countries, including the continued loss of employment in the manufacturing. It examines the extent to which manufacturing output and employment are declining in OECD countries and explores possible causes, including increased productivity, slow growth in demand for manufacturing products, loss of markets to imports, statistical and classification issues, and so on. The paper finds that the share of manufacturing in OECD economies is declining and argues that this is likely to continue. It also presents...
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