An empirical and theoretical approach to a country's economic activity based on a Social Accounting Matrix. An application to Portugal

Susana Santos ()

Bulletin of Applied Economics, 2022, vol. 9, issue 1, 27-37

Abstract: The economic flows measured by the national accounts, which are associated with transactions of goods, services, and assets, as well as transfers, all represent interactions between institutional units, to whom legal responsibility for their actions and the fulfilment of specific economic functions is recognized. These flows are defined by the underlying system – the System of National Accounts (SNA) as being transactions. When represented in the matrix form, depending on the classification and organization of the institutional units, at the origin and the destination of the corresponding flows, the “from-whom-to-whom” transactions can be measured and modelled, benefiting from the underlying network of linkages. By adopting the nomenclatures and rules of the current version of the above-mentioned system (SNA 2008), this study uses a top-down methodology to design a matrix representation of the above-mentioned transactions - the Social Accounting Matrix (SAM). Empirical and theoretical descriptions of the economic activity of a country (Portugal is used as the illustrative case), made possible by the use of the numerical and algebraic versions of a SAM, are adopted to approach the multiplier effects of policy measures and the corresponding economic adjustments.

Keywords: National Accounts; Social Accounting Matrix; Economic Adjustments (search for similar items in EconPapers)
JEL-codes: E01 E16 E65 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.riskmarket.co.uk/bae/journals-articles ... nload=attachment.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rmk:rmkbae:v:9:y:2022:i:1:p:27-37

Access Statistics for this article

Bulletin of Applied Economics is currently edited by Eleftherios Spyromitros

More articles in Bulletin of Applied Economics from Risk Market Journals
Bibliographic data for series maintained by Eleftherios Spyromitros-Xioufis ().