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The Informal Aspects of the Activity of Countries Studied Through Social Accounting and Socio-Demographic Matrices

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  • Susana SANTOS

    (Lisbon University, Portugal.)

Abstract

Approaches based on Social Accounting Matrices (SAMs) and Socio-Demographic Matrices (SDMs) will be presented as a way of capturing relevant networks of linkages and the corresponding multiplier effects, which can subsequently be used for modelling the activity of the countries to be studied. Emphasis will be placed on the activity of household unincorporated enterprises, also known as informal enterprises. Based on methodological principles derived mainly from the works of Richard Stone, this study will be developed in a matrix format, including, on the one hand, people – represented by a SDM – and, on the other hand, activities, products, factors of production and institutions – represented by a SAM. The exposition will be accompanied by an application to Portugal, in which different scenarios will be briefly presented, involving changes in incomes and expenditures. The macroeconomic effects of these changes will be summarised in the form of changes in the macroeconomic aggregates: Gross Domestic Product, Gross National Income and Disposable Income.

Suggested Citation

  • Susana SANTOS, 2016. "The Informal Aspects of the Activity of Countries Studied Through Social Accounting and Socio-Demographic Matrices," Journal of Economic and Social Thought, KSP Journals, vol. 3(1), pages 49-78, March.
    • Handle: RePEc:ksp:journ3:v:3:y:2016:i:1:p:49-78
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    References listed on IDEAS

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    1. Stone, Richard, 1997. "The Accounts of Society," American Economic Review, American Economic Association, vol. 87(6), pages 17-29, December.
    2. Susana Santos, 2007. "Modelling economic circuit flows in a social accounting matrix framework. An application to Portugal," Applied Economics, Taylor & Francis Journals, vol. 39(14), pages 1753-1771.
    3. Susana Santos, 2012. "A SAM (Social Accounting Matrix) approach to the policy decision process," Working Papers Department of Economics 2012/28, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    4. Jeffrey Round, 2003. "Constructing SAMs for Development Policy Analysis: Lessons Learned and Challenges Ahead," Economic Systems Research, Taylor & Francis Journals, vol. 15(2), pages 161-183.
    5. Pyatt, Graham, 1991. "SAMs, the SNA and National Accounting Capabilities," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 37(2), pages 177-198, June.
    6. Stone, Richard, 1986. "Nobel Memorial Lecture 1984: The Accounts of Society," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 1(1), pages 5-28, January.
    7. Pyatt, Graham, 1985. "Commodity Balances and National Accounts: A SAM Perspective," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 31(2), pages 155-169, June.
    8. Richard Stone, 1982. "Working With What We Have: How Can Existing Data Be Used In The Construction And Analysis Of Socio‐Demographic Matrices?1," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 28(3), pages 291-303, September.
    9. Stone, Richard, 1973. "A System of Social Matrices," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 19(2), pages 143-166, June.
    10. Graham Pyatt & Jeffery I. Round, 2012. "Distributional Invariance And The Design Of Sams," Economic Systems Research, Taylor & Francis Journals, vol. 24(3), pages 251-273, February.
    11. Steven J. Keuning & Willem A. de Ruuter, 1988. "Guidelines To The Construction Of A Social Accounting Matrix," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 34(1), pages 71-100, March.
    12. Graham Pyatt, 1999. "Some Relationships between T-Accounts, Input-Output Tables and Social Accounting Matrices," Economic Systems Research, Taylor & Francis Journals, vol. 11(4), pages 365-387.
    13. Susana Santos, 2014. "Studying the informal aspects of the activity of countries with Social Accounting and Socio- Demographic Matrices," Working Papers Department of Economics 2014/17, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    14. Susana Santos, 2013. "Socio-Economic Studies with Social Accounting and Sociodemographic Matrices. An application to Portugal," Working Papers Department of Economics 2013/16, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    15. Pyatt, Graham, 1988. "A SAM approach to modeling," Journal of Policy Modeling, Elsevier, vol. 10(3), pages 327-352.
    16. Santos, Susana G., 2004. "Portuguese net borrowing and the government budget balance: A SAM approach," Journal of Policy Modeling, Elsevier, vol. 26(6), pages 703-717, September.
    17. Richard Stone, 1973. "A System Of Social Matrices," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 19(2), pages 143-166, June.
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    Cited by:

    1. Santos, Susana, 2017. "An approach to the structural features of the socio-economic activity of a country based on a Social Accounting Matrix.Evidences and multiplier effects on distribution of income," MPRA Paper 79727, University Library of Munich, Germany.

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    More about this item

    Keywords

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    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E16 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Social Accounting Matrix
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts

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