Joint estimation of supply and use tables

We apply the RAS updating idea for the joint estimation of supply and use tables (SUTs). In contrast to standard input-output techniques, our approach does not require the availability of total outputs by product for the projection year(s). This condition is usually not met in practice. The algorithm, called the SUT-RAS method, jointly estimates SUTs that are immediately consistent. It is applicable to different settings of SUTs, such as the frameworks with basic prices and purchasers' prices, and a setting in which use tables are separated into domestic and imported uses. Our empirical evaluations show that the SUT-RAS method improves upon existing short-cut methods in projection of Spanish SUTs.