Santos, Susana (2010): A quantitative approach to the effects of social policy measures. An application to Portugal, using Social Accounting Matrices.
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The impacts of policy measures on transfers between government and households will be quantified using Social Accounting Matrices (SAMs). The System of National Accounts (SNA) will be the main source used for the construction of the numerical version of these matrices, which will then form the basis for two algebraic versions. One version will consist of accounting multipliers, and structural path analysis will also be used for its decomposition. The other version will be a so-called SAM-based linear model, in which each cell will be defined with a linear equation or system of equations, whose components will be all the known and quantified transactions of the SNA, using the parameters deduced from the numerical SAM that served as the basis for this model. Macroeconomic aggregates and balances, as well as structural indicators of the distribution and use of income, will be calculated from numerical and algebraic versions of the SAM. These will make it possible to quantify and compare the effects of social policy measures and to evaluate their differences, in order to define the path for future research work on the SAM-based linear model.
|Item Type:||MPRA Paper|
|Original Title:||A quantitative approach to the effects of social policy measures. An application to Portugal, using Social Accounting Matrices|
|Keywords:||Social Accounting Matrix; SAM-based Modelling; Macroeconomic Modelling; Policy Analysis; Structural Path Analysis|
|Subjects:||D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D57 - Input-Output Tables and Analysis
E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E10 - General
E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E61 - Policy Objectives ; Policy Designs and Consistency ; Policy Coordination
|Depositing User:||Susana Santos|
|Date Deposited:||05. Jul 2010 10:00|
|Last Modified:||14. Feb 2013 14:28|
Eurostat (1996), European System of Accounts (ESA 95). Eurostat, Luxembourg.
Inter-Secretariat Working Group on National Accounts – ISWGNA (1993) System of National Accounts (1993 SNA) United Nations Statistics Division and the United Nations regional commissions, New York; International Monetary Fund – IMF, Washington, DC; World Bank, Washington, DC; Organisation for Economic Cooperation and Development – OECD, Paris; Statistical Office of the European Communities – Eurostat, Brussels/Luxembourg.
Defourny, J. and Thorbecke, E. (1984) “Structural Path Analysis and Multiplier Decomposition within a Social Accounting Matrix Framework”, The Economic Journal, 94: 111-136.
Pyatt, G. and Roe, A. (1977) Social Accounting for Development Planning with special reference to Sri Lanka. Cambridge: Cambridge University Press.
Pyatt G. and Round J. (1985), Accounting and Fixed Price Multipliers in a Social Accounting Matrix Framework, in Pyatt G. and Round J. (eds.) - Social Accounting Matrices. A Basis for Planning, Washington, US, The World Bank: 186-206. Also in Economic Journal 89 (356): 850-873.
Santos S. (1999), “The Social Accounting Matrix as a working instrument to define economic policy. Application to Portugal during the 1986-90 period, with emphasis on the agroindustrial sector”, PhD dissertation, ISEG-TULisboa, Lisbon, April 1999, 309pp. (only available in Portuguese)
Santos S. (2005), “Social Accounting Matrix and the System of National Accounts: An Application”, Higher Institute of Economics and Business Administration. Working Paper No. 14/2005/ Department of Economics/Research Unit on Complexity and Economics - ISEG-TU Lisboa, 41pp.
Santos S. (2004), “Portuguese net borrowing and the government budget balance. A SAM approach”, Journal of Policy Modeling 26: 703-717.
Santos S. (2007), “Modelling Economic Circuit Flows in a Social Accounting Matrix Framework. An Application to Portugal”. Applied Economics 39: 1753-1771.
Santos S. (2007a), “Macro-SAMs for Modelling Purposes. An Application to Portugal in 2003”, Working Paper No. 17/2007/ Department of Economics/Research Unit on Complexity and Economics - ISEG-TU Lisboa, 17pp.
Santos S. (2008), “A SAM-based Model, constructed from the SNA, to be used for studying the distributional impacts of government policies in Portugal”. Working Paper Series – SSRN (Social Science Research Network) abstract=1159389, July 2008, 58pp.
Santos S. (2008a), “Better databases for economic modelling: constructing SAMs from the SNA” in Papanikos, G.T. (ed.) Applied Economic Research, Atiner, Athens (Greece), 2008, pp.193-198.
Santos S. (2009), From the System of National Accounts (SNA) to a Social Accounting Matrix (SAM)-Based Model. An Application to Portugal, Edições Almedina, Coimbra (Portugal), 194pp.
Santos S. (2009a), “Using a SAM-Based Model to measure the distributional impacts of government policies”, Working Paper No. 31/2009/ Department of Economics/Research Unit on Complexity and Economics - ISEG-TULisboa, Lisbon, July 2009; (and) WPIOX (Working Papers in Input-Output Economics) 09-010/International Input-Output Association, September 2009, 33pp.
Stone R. (1985), The disaggregation of the household sector in the National Accounts, in Pyatt, G. and Round J. (coord.) - Social Accounting Matrices. A Basis for Planning, Washington, US, The World Bank, 145-185.
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