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A Social Accounting Matrix for Italy

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Author Info

  • Federico, G.
  • O'Rourke, K.

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.

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Bibliographic Info

Paper provided by College Dublin, Department of Political Economy- in its series Papers with number 98/19.

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Length: 3118 pages
Date of creation: 1998
Date of revision:
Handle: RePEc:fth:dublec:98/19

Contact details of provider:
Postal: Ireland; University College Dublin, Department of Political Economy, Centre for Economic Research, Belfield, Dublin 4
Phone: +353-1-7067777
Fax: +353-1-283 0068
Web page: http://www.ucd.ie/economics/
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Related research

Keywords: GENERAL EQUILIBRIUM ; ECONOMETRIC MODELS ; PRODUCTION ; INCOME ; TRADE ; ITALY;

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Cited by:
  1. Pablo Martinelli, 2012. "Von Thünen South of the Alps : Access to Markets and Interwar Italian Agriculture," Working Papers in Economic History wp12-12, Universidad Carlos III, Departamento de Historia Económica e Instituciones.

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