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The structures of production, final demand and agricultural output: a Macro Multipliers analysis of the Nigerian economy

Author

Listed:
  • Irfan Ahmed

    (Jazan University)

  • Claudio Socci

    (University of Macerata)

  • Francesca Severini

    (University of Macerata)

  • Qaiser Rafique Yasser

    (Ministry of Planning, Development and Reform)

  • Rosita Pretaroli

    (University of Macerata)

Abstract

This study made an effort to build the Social Accounting Matrix for the Nigerian economy, which describes the income circular flow through the integration of the production with the income flows, including both the generation and the distribution of value added and the creation of final demand. Such database allows developing an extended input–output model and a Macro Multipliers analysis based on the technique of singular value decomposition. First, the analysis identifies the key sectors amongst the agricultural sectors that have significant interactions with the other commodities of the economy. Furthermore, the Macro Multipliers analysis is conducted in order to identify the interactions between policy objective (total output) and policy control (final demand) at a multi-sectoral level.

Suggested Citation

  • Irfan Ahmed & Claudio Socci & Francesca Severini & Qaiser Rafique Yasser & Rosita Pretaroli, 2018. "The structures of production, final demand and agricultural output: a Macro Multipliers analysis of the Nigerian economy," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 35(3), pages 691-739, December.
    • Handle: RePEc:spr:epolit:v:35:y:2018:i:3:d:10.1007_s40888-018-0115-5
    DOI: 10.1007/s40888-018-0115-5
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    Cited by:

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    More about this item

    Keywords

    Final demand; Agriculture output; Social Accounting Matrix; Extended input–output analysis; Macro Multiplier analysis;
    All these keywords.

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications

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