Santos, Susana (2017): An approach to the structural features of the socio-economic activity of a country based on a Social Accounting Matrix.Evidences and multiplier effects on distribution of income.
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Abstract
Abstract A Social Accounting Matrix (SAM) is presented as a tool to study the socio-economic activity of a country. This activity involves the monetary or nominal flows that are measured by the National Accounts, as well as production (organized in factors, industries and goods and services) and institutions (organized in households, general government, non-financial and financial corporations, non-profit institutions serving households, and rest of the world). In order to contribute to the definition of a methodology that can contribute to improving the knowledge of the different aspects of this activity, the potentialities of a SAM for its reading and interpreting are explored, as well as for carrying out experiments regarding its functioning. Through a SAM-based approach, how to construct more or less complex networks of linkages of the above-mentioned flows is shown, from which structural features can be evidenced and the associated multiplier effects studied. Following an application to Portugal, it is shown that a numerical version of a SAM, enables an empirical description of the origin, use, and distribution of income, whereas, an algebraic version of a SAM allows one to carry out, for example, a deeper study of the multiplier effects associated with the institutional distribution of income. The crucial role of the factors of production accounts is identified in this study, namely when they establish the link between the generation and the distribution and use of income. In this process, the important role the complementary details that the Input-Output Matrix (IOM) can add is also identified. Thus, being the generation of income the result of the output of goods and services and the associated costs, on the one hand, an industry by industry IOM can add details regarding domestic and imported intermediate consumption by and between industries and, on the other hand, a product by product IOM can add details regarding the domestic and imported intermediate consumption of goods and services.
Item Type: | MPRA Paper |
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Original Title: | An approach to the structural features of the socio-economic activity of a country based on a Social Accounting Matrix.Evidences and multiplier effects on distribution of income. |
English Title: | An approach to the structural features of the socio-economic activity of a country based on a Social Accounting Matrix.Evidences and multiplier effects on distribution of income. |
Language: | English |
Keywords: | Social Accounting Matrix; National Accounts; SAM-based approach; socio-economic structure; Input-Output Matrix; Income Distribution. |
Subjects: | D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D57 - Input-Output Tables and Analysis E - Macroeconomics and Monetary Economics > E0 - General > E01 - Measurement and Data on National Income and Product Accounts and Wealth ; Environmental Accounts E - Macroeconomics and Monetary Economics > E0 - General > E02 - Institutions and the Macroeconomy E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E16 - Social Accounting Matrix E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E25 - Aggregate Factor Income Distribution |
Item ID: | 79741 |
Depositing User: | Susana Santos |
Date Deposited: | 19 Jun 2017 13:07 |
Last Modified: | 27 Sep 2019 07:26 |
References: | Inter-Secretariat Working Group on National Accounts (United Nations, European Commission, International Monetary Fund, Organisation for Economic Cooperation and Development and World Bank) – ISWGNA (2009), System of National Accounts 2008, Series F, No. 2, Rev. 5, United Nations, New York. Pyatt, G. (1999), “Some Relationships between T-Accounts, Input-Output Tables and Social Accounting Matrices”, Economic Systems Research, 11, 365-387. Pyatt, G. (1991), “SAMs, the SNA and National Accounting Capabilities”, Review of Income and Wealth, 37, 177-198. Pyatt, G. (1991a), “Fundamentals of Social Accounting”, Economic Systems Research, 3, 315-341. Pyatt, G. (1988), “A SAM Approach to Modeling”, Journal of Policy Modeling, 10, 327-352. 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 G. Pyatt, and J. Round, (coord.), Social Accounting Matrices. A Basis for Planning. A World Bank Symposium, World Bank, 52-69. Santos, S. (2016), “The informal aspects of the activity of countries studied through Social Accounting and Socio-Demographic Matrices”, Journal of Economic and Social Thought, 3, 49-78. Santos, S. (2015), “Assessing the distribution and use of income and changes in income with Social Accounting Matrices”, in Godinho, P. and Dias, J. (Eds) - Assessment Methodologies: energy, mobility and other real world applications, Imprensa da Universidade de Coimbra, Coimbra (Portugal), pp.311-342. Santos, S. (2015a), “The Social Accounting Matrix (SAM)”, in: Murray, J.; McBain, D. and Wiedmann, T. (Eds) - The Sustainability Practitioner's Guide to Social Analysis and Assessment, Common Ground Publishing LLC, Champaign-Illinois (USA), pp.74-86. Santos, S. (2014), “The Social Accounting Matrix and the Socio-Demographic Matrix-Based Approaches for Studying the Socioeconomics of Ageing”, Theoretical and Practical Research in Economic Fields, 5, 63-72. Santos, S. (2013), “Looking for Empirical Evidence about the Socio-Economic Activity of Countries with Social Accounting Matrices”, International Journal of Humanities and Social Science, 3, pp.85-100. Santos, S. (2012), “Using the SNA and SAMs for a better (socio-) economic modelling”, China-USA Business Review, 11, pp.385-407. Santos, S. (2012a), "A SAM (Social Accounting Matrix) approach to the policy decision process". Working Paper No.28 /2012/ DE (Departamento de Economia) /UECE (Unidade de Estudos sobre a Complexidade em Economia) - ISEG (Instituto Superior de Economia e Gestão) /UTL (Universidade Técnica de Lisboa), 83p. Santos, S. (2011), “Measuring (socio-)economic systems using the SNA. A SAM approach”. MPRA (Munich Personal RePEc Archive) Paper No. 32758, 35p. Santos, S. (2011a), "The Underlying Database of an Instrument for Economic and Social Policy Analysis for the Azores. Application and Extension to 2005", Working Paper No. 14/2011/ CEEAplA (Research Centre for Applied Economics in the Atlantic), University of Azores and Madeira, 52p. Santos, S. (2010), "A quantitative approach to the effects of social policy measures. An application to Portugal, using Social Accounting Matrices". MPRA (Munich Personal RePEc Archive) Paper No. 23676; EERI (Economics and Econometrics Research Institute) RP (Research Papers) 33, 75p. 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, 194p. Santos S. (2007), “Modelling Economic Circuit Flows in a Social Accounting Matrix Framework. An Application to Portugal”, Applied Economics, 39, 1753-1771. Santos S. (2004), “Portuguese net borrowing and the government budget balance. A SAM approach”, Journal of Policy Modeling, 26, 703-717. 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 (only available in Portuguese; with abstract in English). Phd dissertation, ISEG-TULisboa, Lisbon, 309p. Stone, R. (1986), “Nobel Memorial Lecture 1984. The Accounts of Society”, Journal of Applied Econometrics, 1(1), 5-28. Stone, R. (1986a), “Demographic Input-Output: An Extension of Social Accounting”, in: I. Sohn (coord), Readings in Input-Output Analysis: Theory and Applications, Oxford University Press, USA, 151-172. 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. Stone, R. (1981), Aspects of Economic and Social Modelling, Editions Droz, Genève (Suisse), 154p. Stone, R. (1975), “Towards a System of Social and Demographic Statistics”, Studies in Methods, Series F, Nº18, United Nations, New York, 198p. Stone, R. (1973), “A System of Social Matrices”, Review of Income and Wealth, 19(3), 143-166. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/79741 |
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An approach to the structural features of the socio-economic activity of a country based on a Social Accounting Matrix.Evidences and multiplier effects on distribution of income. (deposited 19 Jun 2017 12:59)
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