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Ecological Economics
Article . 2014 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
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Balance issues in monetary input–output tables

Authors: Stefano Merciai; Reinout Heijungs;

Balance issues in monetary input–output tables

Abstract

Input-output tables (IOTs) are widely used in several types of analyses. Although born in an economic context, IOTs are increasingly used for the environmental impact assessment of product systems, e.g. in environmental policy analysis, and for several others such as the accounting of greenhouse gases.However, the use in these contexts does not ensure the validity of the IOT as a consistent and robust multidisciplinary modeling tool in itself. It is in respect to certain basic requirements that IOTs should find their legitimacy. In this paper, we study their validity with respect to a well-established scientific law: the mass balance. Compliance with this basic balance is an important check for data consistency.Following such a track, we focus specifically on monetary input-output tables and we reach the conclusion that IOTs can fail in respecting the basic balance laws whenever prices differ per purchaser. Therefore caution is needed because the estimations in terms of environmental pressures can be biased. The drawback lays in the use of homogeneous prices, which determines a discrepancy in physical units between what is used and what is asked for, within and between activities. © 2014 Elsevier B.V.

Country
Netherlands
Keywords

SDG 13 - Climate Action

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
27
Top 10%
Top 10%
Top 10%
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