Comparative Performance of Countries Relating to Different Economic Systems: A Social Accounting Approach

S. I. Cohen
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S. I. Cohen: Erasmus University

Chapter 9 in Economic Systems Analysis and Policies, 2009, pp 342-378 from Palgrave Macmillan

Abstract: Abstract This chapter is devoted to developing and applying a quantitative framework for evaluating the performance of economic systems. We shall begin with introducing basic elements of an evaluation framework, then review alternative analytical frameworks and end up with choosing the Social Accounting Matrix model, SAM, as a comprehensive and an easily workable model for evaluating comparable economies. We shall then apply the SAM to evaluate the performance of countries allied with the major economic systems treated in this book. Section 9.3 deals with the comparative performance of the economies of Western Europe and Eastern Europe. Section 9.4 offers a comparative analysis of the performances of the Russian and Chinese economies in the midst of their economic transitions. Section 9.5 comments on the limitations of the SAM model, and Section 9.6 contains a summary and conclusions.

Keywords: Economic System; Multiplier Effect; Social Accounting Matrix; Household Group; Circular Flow (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23411-6_9

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DOI: 10.1057/9780230234116_9

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