IDEAS home Printed from https://ideas.repec.org/a/ags/ijfaec/156142.html
   My bibliography  Save this article

Modelling The Lesotho Economy: A Social Accounting Matrix Approach

Author

Listed:
  • Bahta, Yonas Tesfamariam

Abstract

Using a 2000 Social Accounting Matrix (SAM) for Lesotho, this paper investigates the key features of the Lesotho economy and the role played by the agricultural sector. A novel feature of the SAM is the elaborate disaggregation of the agricultural sector into finer subcategories. The fundamental importance of agriculture development emerges clearly from a descriptive review and from SAM multiplier analysis. It is dominant with respect to income generation and value of production. It contributes 23 percent of gross domestic product and 12 percent of the total value of production. It employs 26 percent of labour and 24 percent of capital. The construction sector has the highest open SAM output multiplier (1,588) and SAM output multiplier (1.767). The household multipliers indicate that in the rural and urban areas, agriculture and mining respectively generate most household income. Agriculture has the highest employment coefficient. Agriculture and mining sectors also have the largest employment multipliers in Lesotho.

Suggested Citation

  • Bahta, Yonas Tesfamariam, 2013. "Modelling The Lesotho Economy: A Social Accounting Matrix Approach," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 1(1), pages 1-14, July.
    • Handle: RePEc:ags:ijfaec:156142
    DOI: 10.22004/ag.econ.156142
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/156142/files/49..pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.156142?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Channing Arndt & Henning Tarp Jensen & Finn Tarp, 2000. "Structural Characteristics of the Economy of Mozambique: A SAM-based Analysis," Review of Development Economics, Wiley Blackwell, vol. 4(3), pages 292-306, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bahta, Yonas Tesfamariam & Groenewald, Johannes Andries, 2015. "The Potential Impact Of A Southern African Common External Tariffs Regime On The Economy Of Lesotho," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 3(2), pages 1-15, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alfredo José Mainar‐Causapé & Pierre Boulanger & Hasan Dudu & Emanuele Ferrari, 2020. "Policy impact assessment in developing countries using Social Accounting Matrices: The Kenya SAM 2014," Review of Development Economics, Wiley Blackwell, vol. 24(3), pages 1128-1149, August.
    2. Parra, Juan Carlos & Wodon, Quentin, 2008. "Comparing the impact of food and energy price shocks on consumers : a social accounting matrix analysis for Ghana," Policy Research Working Paper Series 4741, The World Bank.
    3. Valeria Ferreira & Miguel Ángel Almazán-Gómez & Victor Nechifor & Emanuele Ferrari, 2022. "The role of the agricultural sector in Ghanaian development: a multiregional SAM-based analysis," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 11(1), pages 1-27, December.
    4. Channing Arndt & Sam Jones & Finn Tarp, 2006. "Aid and Development: The Mozambican Case," Discussion Papers 06-13, University of Copenhagen. Department of Economics.
    5. Christian A. Emini & Hippolyte Fofack, 2004. "A financial social accounting matrix for the integrated macroeconomic model for poverty analysis : application to Cameroon with a fixed-price multiplier analysis," Policy Research Working Paper Series 3219, The World Bank.
    6. Jensen, Henning Tarp & Tarp, Finn, 2006. "A Bank-Fund projection framework with CGE features," Journal of Policy Modeling, Elsevier, vol. 28(2), pages 103-132, February.
    7. Dirk van Seventer & Finn Tarp & Nyo Nyo San & Soe Thie Nu Htwe & Thandar, 2020. "A 2017 Social Accounting Matrix for Myanmar," WIDER Working Paper Series wp-2020-66, World Institute for Development Economic Research (UNU-WIDER).
    8. Heltberg, R. & Tarp, F., 2002. "Agricultural supply response and poverty in Mozambique," Food Policy, Elsevier, vol. 27(2), pages 103-124, April.
    9. Finn Tarp & David Roland-Holst & John Rand, 2002. "Trade and Income Growth in Vietnam: Estimates from a New Social Accounting Matrix," Economic Systems Research, Taylor & Francis Journals, vol. 14(2), pages 157-184, June.
    10. Channing Arndt & Paul Chinowsky & Sherman Robinson & Kenneth Strzepek & Finn Tarp & James Thurlow, 2012. "Economic Development under Climate Change," Review of Development Economics, Wiley Blackwell, vol. 16(3), pages 369-377, August.
    11. Jensen, Henning Tarp & Robinson, Sherman & Tarp, Finn, 2002. "General equilibrium measures of agricultural policy bias in fifteen developing countries," TMD discussion papers 105, International Food Policy Research Institute (IFPRI).
    12. Dirk van Seventer & Finn Tarp & Nyo Nyo San & Khin Ohnmar Myint Thein, 2019. "A Pre-Prototype 2015 Social Accounting Matrix (SAM) for Myanmar," WIDER Working Paper Series wp-2019-21, World Institute for Development Economic Research (UNU-WIDER).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ijfaec:156142. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/iiaaktr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.