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A Social Accounting Matrix for Italy

Author

Listed:
  • 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.

Suggested Citation

  • Federico, G. & O'Rourke, K., 1998. "A Social Accounting Matrix for Italy," Papers 98/19, College Dublin, Department of Political Economy-.
  • Handle: RePEc:fth:dublec:98/19
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    Cited by:

    1. Martinelli Lasheras, Pablo, 2012. "Von Thünen South of the Alps : Access to Markets and Interwar Italian Agriculture," IFCS - Working Papers in Economic History.WH wp12-12, Universidad Carlos III de Madrid. Instituto Figuerola.

    More about this item

    Keywords

    GENERAL EQUILIBRIUM ; ECONOMETRIC MODELS ; PRODUCTION ; INCOME ; TRADE ; ITALY;
    All these keywords.

    JEL classification:

    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General

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