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Studying the informal aspects of the activity of countries with Social Accounting and Socio- Demographic Matrices

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  • Susana Santos

Abstract

Social Accounting Matrices (SAMs) and Socio-Demographic Matrices (SDMs) are presented as tools that offer specific features for studying the activity of countries in several different areas, as well as for supporting policy decision processes. Based on methodological principles derived mainly from the works of Richard Stone, emphasis is placed on the desirability of working in a matrix format, which includes not only people (SDM), but also, at the same time, activities, products, factors of production and institutions (SAM). Approaches based on SAMs and SDMs will be presented as a way of capturing the relevant network of linkages and the corresponding multiplier effects, which can then be used for the subsequent modelling of the activity of the countries to be studied. As an example of socio-economic studies that can be undertaken using approaches based on both SAMs and SDMs, the study of the activity of household unincorporated enterprises, also described as informal, will be illustrated with an application to Portugal. In that application, three scenarios will be briefly presented, involving, on the one hand, two changes in incomes and, on the other hand, a change in expenditures. The macroeconomic effects of those 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, 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.
    • Handle: RePEc:ise:isegwp:wp172014
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    References listed on IDEAS

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    1. 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.
    2. 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.
    3. 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.
    4. Stone, Richard, 1997. "The Accounts of Society," American Economic Review, American Economic Association, vol. 87(6), pages 17-29, December.
    5. 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.
    6. 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.
    7. Richard Stone, 1966. "The Social Accounts From A Consumer'S Point Of View," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 12(1), pages 1-33, March.
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    Cited by:

    1. 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.

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    More about this item

    Keywords

    Social Accounting Matrix; Socio-Demographic Matrices; Informal Economy.;
    All these keywords.

    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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