Production and Income: Input-Output and Social Accounting Matrix Approaches

Claudio Socci (), Rosita Pretaroli () and Francesca Severini ()
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Claudio Socci: Department of Economics and Law – University of Macerata
Rosita Pretaroli: Department of Political Science, Communication and International Relations – University of Macerata
Francesca Severini: Department of Education, Cultural Heritage and Tourism – University of Macerata

Rivista Internazionale di Scienze Sociali, 2025, vol. 133, issue 1, 87-109

Abstract: The System of National Accounts (SNA) and the evolution of satellite accounts allowed the development of increasingly realistic and disaggregated macroeconomic models for policy design. The Social Accounting Matrix (SAM), the sophisticated tool within SNA, provides the integration of non-economic and territorial elements into the circular flow of income. As economic policy objectives are often broad and interact with social factors, such as household types and territorial characteristics, the SAM represents a valuable database for the policy maker, being able to capture the complexity of modern economies, both in aggregate and disaggregated terms. Extended multisectoral models based on SAMs offer detailed insights, revealing the interrelationships among industries, primary factors and institutional sectors. These models recently gained renewed attention for analysing policy impacts, especially in contexts like environmental policies, natural disasters, and pandemics.

Keywords: System of National Accounts; Social Accounting Matrix; Multisectoral models (search for similar items in EconPapers)
JEL-codes: C67 C68 E16 E6 (search for similar items in EconPapers)
Date: 2025
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