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A 2005 Social Accounting Matrix (SAM) for Ireland

Author

Listed:
  • Ana Corina Miller

    (IIIS and Department of Economics, Trinity College Dublin)

  • Alan Matthews

    (IIIS and Department of Economics, Trinity College Dublin)

  • Trevor Donnellan

    (Rural Economy Research Centre, Teagasc)

  • Cathal O'Donoghue

    (Rural Economy Research Centre, Teagasc)

Abstract

This paper describes the construction of a Social Accounting Matrix (SAM) for Ireland for the year 2005. The SAM describes the full circular flow of money and goods in the Irish economy. The SAM includes 55 activities, 55 commodities, two factors of production (capital and labour), one account each for households, enterprises, government and investment/saving, three tax-related accounts (direct and indirect taxes and custom duties), a trade and transport margin account and three external sectors (UK, Rest of the EU and Rest of the World). Its construction takes place in three steps: (1) building the macro-SAM; (2) building an initial unbalanced SAM making use of a variety of additional data sources, and (3) balancing the SAM using the cross-entropy method. By treating the SAM as a linear model of the Irish economy and by specifying certain accounts as exogenous, the SAM can be used to simulate the effect of shocks to the exogenous variables or accounts. Examples of such multiplier analysis are presented at the end of this paper.

Suggested Citation

  • Ana Corina Miller & Alan Matthews & Trevor Donnellan & Cathal O'Donoghue, 2011. "A 2005 Social Accounting Matrix (SAM) for Ireland," The Institute for International Integration Studies Discussion Paper Series iiisdp365, IIIS.
    • Handle: RePEc:iis:dispap:iiisdp365
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    References listed on IDEAS

    as
    1. Defourny, Jacques & Thorbecke, Erik, 1984. "Structural Path Analysis and Multiplier Decomposition within a Social Accounting Matrix Framework," Economic Journal, Royal Economic Society, vol. 94(373), pages 111-136, March.
    2. Irma Adelman & Sherman Robinson, 1986. "U.S. Agriculture in a General Equilibrium Framework: Analysis with a Social Accounting Matrix," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(5), pages 1196-1207.
    3. Henry, E. W., 1980. "Irish Input-Output Structures, 1976," Research Series, Economic and Social Research Institute (ESRI), number GRS99, June.
    4. Sherman Robinson & Andrea Cattaneo & Moataz El-Said, 2001. "Updating and Estimating a Social Accounting Matrix Using Cross Entropy Methods," Economic Systems Research, Taylor & Francis Journals, vol. 13(1), pages 47-64.
    5. Pyatt, F Graham & Round, Jeffery I, 1979. "Accounting and Fixed Price Multipliers in a Social Accounting Matrix Framework," Economic Journal, Royal Economic Society, vol. 89(356), pages 850-873, December.
    6. Breisinger, Clemens & Thomas, Marcelle & Thurlow, James, 2009. "Social accounting matrices and multiplier analysis: An introduction with exercises," Food security in practice technical guide series 5, International Food Policy Research Institute (IFPRI).
    7. Pyatt, Graham & Round, Jeffrey I, 1977. "Social Accounting Matrices for Development Planning," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 23(4), pages 339-364, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    social accounting matrix; macro SAM; cross-entropy method; input-output table; Ireland;
    All these keywords.

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis

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