Estimation of the 2020 Hungarian regional input-output tables and their use in the calibration of a multiregional input-output model

Abstract

Regional input-output tables and multiregional input-output tables were estimated for Hungary more recently / only for 2010 and only in 37 sectors break-down. In order to assess the regional effects of various economic shocks, measures and other developments, and to support regional policies based on more recent and detailed data and models, in the first phase of the reported model building county-level input-output tables and multiregional input-output tables for Hungary were estimated at basic prices and in 64 sectors break-down, consistently with the 2020 national input-output table (IOT). In the next step, these regional IOTs were connected to each other and a multiregional IOT was constructed (detailing the deliveries of each county to other counties by the receiving counties, and also by the user sectors/final use categories). Finally, based on these estimated data, a single-region and a multi-regional input-output model were specified and calibrated. The article highlights the prospects of using the multiregional model by evaluating the results of an impact simulation.