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Constructing a Social Accounting Matrix for Libya

Author

Listed:
  • Jamal Kerwat
  • John Dewhurst
  • Hassan Molana

Abstract

In this paper a Social Accounting Matrix is constructed for Libya for the year 2000. The procedure was divided into three steps. First, a macro SAM was constructed to consistently capture and represent the macroeconomic framework of the Libyan economy in 2000. Second, that macro SAM was disaggregated into a micro SAM incorporating the accounts for individual activities, primary factors and the main economic institutions. But the SAM obtained in this way was not balanced. So in the final step we balanced the SAM using a cross-entropy procedure in General Algebraic Modelling System (GAMS). This SAM integrates national income, input-output, flow-of-funds, and foreign trade statistics into a comprehensive and consistent dataset. The lack of coherent time series data for Libya is a serious obstacle for applied research that uses econometric analysis. Our main intension in constructing this SAM has been one of providing benchmark data for economy-wide analysis using CGE modelling for Libya.

Suggested Citation

  • Jamal Kerwat & John Dewhurst & Hassan Molana, 2009. "Constructing a Social Accounting Matrix for Libya," Dundee Discussion Papers in Economics 223, Economic Studies, University of Dundee.
  • Handle: RePEc:dun:dpaper:223
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    Keywords

    input-output table; social accounting matrix; national accounts; cross-entropy;

    JEL classification:

    • Y1 - Miscellaneous Categories - - Data: Tables and Charts
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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