An interval number based input-output analysis for a regional economy

Abstract

Assessment of major impacts of economic events is based primarily on the Input-Output (I/O) model. However, in all of the existing I/O models exact information is used. Yet, in real life, it is difficult to obtain such exact information for problems, in particular related to the future. This paper presents an interval number based I/O analysis using the most resent information available for a national economy. The analysis will provide an important source of information in order to understand the inter-relations existing among the different sectors of an economy. This paper focuses on the North Cyprus economy.