TY - JOUR
T1 - Entropy maximization and input–output analysis
AU - Hewings, Geoffrey J.D.
AU - Fernandez-Vazquez, Esteban
N1 - Publisher Copyright:
© 2019, © 2019 Institute of Materials, Minerals and Mining Published by Taylor & Francis on behalf of the Institute.
PY - 2019/10/2
Y1 - 2019/10/2
N2 - Wilson’s original introduction of the concept of entropy to the modelling of input–output and commodity flow systems provided a more flexible alternative to the prevailing state of the art. Following a brief review of prior approaches, the modified Wilson approach is presented and illustrated with an application to Korea. Thereafter, recent developments in entropy econometrics are explored to return to some of the initial concerns, namely the estimation and updating of input–output systems.
AB - Wilson’s original introduction of the concept of entropy to the modelling of input–output and commodity flow systems provided a more flexible alternative to the prevailing state of the art. Following a brief review of prior approaches, the modified Wilson approach is presented and illustrated with an application to Korea. Thereafter, recent developments in entropy econometrics are explored to return to some of the initial concerns, namely the estimation and updating of input–output systems.
KW - Input-output
KW - entropy maximization
KW - nonlinear coefficients
KW - updating coefficients
UR - http://www.scopus.com/inward/record.url?scp=85075557834&partnerID=8YFLogxK
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U2 - 10.1080/03080188.2019.1670429
DO - 10.1080/03080188.2019.1670429
M3 - Article
AN - SCOPUS:85075557834
SN - 0308-0188
VL - 44
SP - 272
EP - 285
JO - Interdisciplinary Science Reviews
JF - Interdisciplinary Science Reviews
IS - 3-4
ER -