A Social Accounting Matrix for Italy

Giovanni Federico () and Kevin O'Rourke

Working Papers from College Dublin, Department of Political Economy-

Abstract: Computable general equilibrium (CGE)models require both theory and data. The theory underlying our model is standard general equilibrium theory, and details will be provided elsewhere. The sole purpose of this paper is to present in detail the data used to calibrate this model. We have constructed a basic social accounting matrix for Italy in 1911; that is, we have estimated all input, output, expenditure, trade and income flows for the economy in that year. These flows are all mutually consistent, and it is these data which will largely drive the results of our experiments. The social accounting matrix is very simple in that it only allows for two economic agents in the economy: the private sector and the government.

Keywords: GENERAL EQUILIBRIUM; ECONOMETRIC MODELS; PRODUCTION; INCOME; TRADE; ITALY (search for similar items in EconPapers)
JEL-codes: C50 C60 D50 E2 (search for similar items in EconPapers)
Pages: 3118 pages
Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:fth:dublec:98/19

Access Statistics for this paper

More papers in Working Papers from College Dublin, Department of Political Economy- Ireland; University College Dublin, Department of Political Economy, Centre for Economic Research, Belfield, Dublin 4. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().