Estimating Input Coefficients for Regional Input-Output Tables Using Deep Learning with Mixup

Author:

Shogo Fukui

Keyword:

Economics, Econometrics, Econometrics (econ.EM)

journal:

date:

2023-05-01 16:00:00

Abstract

An input-output table is an important data for analyzing the economic situation of a region. Generally, the input-output table for each region (regional input-output table) in Japan is not always publicly available, so it is necessary to estimate the table. In particular, various methods have been developed for estimating input coefficients, which are an important part of the input-output table. Currently, non-survey methods are often used to estimate input coefficients because they require less data and computation, but these methods have some problems, such as discarding information and requiring additional data for estimation. In this study, the input coefficients are estimated by approximating the generation process with an artificial neural network (ANN) to mitigate the problems of the non-survey methods and to estimate the input coefficients with higher precision. To avoid over-fitting due to the small data used, data augmentation, called mixup, is introduced to increase the data size by generating virtual regions through region composition and scaling. By comparing the estimates of the input coefficients with those of Japan as a whole, it is shown that the accuracy of the method of this research is higher and more stable than that of the conventional non-survey methods. In addition, the estimated input coefficients for the three cities in Japan are generally close to the published values for each city.

PDF: Estimating Input Coefficients for Regional Input-Output Tables Using Deep Learning with Mixup.pdf