A matrix of social accounting for Asturias

Margarita Argüelles and Carmen Benavides ()
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Margarita Argüelles: Universidad de Oviedo
Carmen Benavides: Universidad de Oviedo

INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, 2003, issue 2, 165-171

Abstract: A Social Accounting Matrix is an integrated system of accounts that presents in a double-entry table all the transactions made in an economy among productive sectors, production factors, institutional sectors and the rest of the world. In comparison with an Input-Output Table, it offers a greater deal of information and shows completely the circular process of income, captivating more precisely the effects of exogenous changes. One of the main profits of a Social Accounting Matrix is to serve as a database for the development and application of a computable general equilibrium model. This is, in fact, the aim pursued with the elaboration of the Social Accounting Matrix for the Asturian economy presented here. This Matrix has been constructed with data from the 1995 Regional Accounts of Asturias, and its structure has been adapted to its future use as a database for a computable general equilibrium model of this regional economy.

Keywords: Social Accounting Matrix; Regional Accounts; Input-Output (search for similar items in EconPapers)
JEL-codes: D57 (search for similar items in EconPapers)
Date: 2003
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