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Some Relationships between T-Accounts, Input-Output Tables and Social Accounting Matrices

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  • Graham Pyatt

Abstract

Some relationships between the T-accounting format for presenting commodity balances; input-output (IO) tables; and social accounting matrices are discussed in this paper. The starting point is to recognize that IO tables do not contain all the information that is needed to complete a social accounting matrix (SAM), or, therefore, for the modelling of phenomena that depend on having a fully articulated SAM, such as the interdependence of the distribution of income and the structure of production. There is a need, therefore, to establish the character of the extra information that is required and this can be achieved by imposing the requirement that a SAM should be consistent with the basic cash identity that is fundamental to all social accounting. A second agendum is to develop the argument that, while T-accounts can, in principle, provide a database equivalent to that of a SAM, in practice, they are typically found to be an imperfect substitute. It is important, therefore, in designing a database, to go beyond the confines of an (extended) IO system and T-accounts. SAMs provide an appropriate framework for doing so.

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  • Graham Pyatt, 1999. "Some Relationships between T-Accounts, Input-Output Tables and Social Accounting Matrices," Economic Systems Research, Taylor & Francis Journals, vol. 11(4), pages 365-387.
    • Handle: RePEc:taf:ecsysr:v:11:y:1999:i:4:p:365-387
    DOI: 10.1080/09535319900000027
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    References listed on IDEAS

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    1. Pyatt, Graham, 1989. "The method of apportionment and accounting multipliers," Journal of Policy Modeling, Elsevier, vol. 11(1), pages 111-130.
    2. Peter W. J. Batey & Adam Z. Rose, 1990. "Extended Input-Output Models: Progress and Potential," International Regional Science Review, , vol. 13(1-2), pages 27-49, April.
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    1. Haqiqi , Iman & Bahalou Horeh , Marziyeh, 2013. "Macroeconomic Impacts of Export Barriers in a Dynamic CGE Model," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 8(3), pages 117-150, July.
    2. S Nazareth, Marcos & Gurgel, Angelo & Vieira, Wilson, 2017. "Fiscal Decentralization and Economic Performance in Brazil: An Investigation Using PAEG/GTAP," Conference papers 332831, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    3. Susana Santos, 2012. "A SAM (Social Accounting Matrix) approach to the policy decision process," Working Papers Department of Economics 2012/28, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    4. Santos, Susana, 2011. "Measuring (socio-)economic systems using the SNA. A SAM approach," MPRA Paper 32758, University Library of Munich, Germany.
    5. Jorge Alarcon & Jan Van Heemst & Niek De Jong, 2000. "Extending the SAM with Social and Environmental Indicators: An Application to Bolivia," Economic Systems Research, Taylor & Francis Journals, vol. 12(4), pages 473-496.
    6. Susana SANTOS, 2016. "The Informal Aspects of the Activity of Countries Studied Through Social Accounting and Socio-Demographic Matrices," Journal of Economic and Social Thought, KSP Journals, vol. 3(1), pages 49-78, March.
    7. Santos, Susana, 2017. "An approach to the structural features of the socio-economic activity of a country based on a Social Accounting Matrix.Evidences and multiplier effects on distribution of income," MPRA Paper 79727, University Library of Munich, Germany.
    8. Susana Santos, 2013. "Socio-Economic Studies with Social Accounting and Sociodemographic Matrices. An application to Portugal," Working Papers Department of Economics 2013/16, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    9. Santos, Susana, 2013. "Socio-economic studies with social accounting and socio-demographic Matrices. An (attempted) application to Mozambique," MPRA Paper 47999, University Library of Munich, Germany.
    10. Maurizio Ciaschini & Fabio Fiorillo & Rosita Pretaroli & Francesca Severini & Claudio Socci & Enzo Valentini, 2008. "Italian industrial policy: reduce or abolish Irap?," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 1, March.
    11. Bos, Frits, 2011. "Three centuries of macro-economic statistics," MPRA Paper 35391, University Library of Munich, Germany.
    12. Juan Carlos Collado & Ferran Sancho, 2002. "Recovering Hidden Indirect Tax Rates for Improved Calibration in Multisectoral Modelling," Economic Systems Research, Taylor & Francis Journals, vol. 14(1), pages 81-88.
    13. Viccaro, Mauro & Rocchi, Benedetto & Cozzi, Mario & Severino, Marino, 2015. "The socioeconomic impact derived from the oil royalty allocation on regional development," 2015 Fourth Congress, June 11-12, 2015, Ancona, Italy 207861, Italian Association of Agricultural and Applied Economics (AIEAA).
    14. Susana Santos & Tanya Araújo, 2018. "The network of inter-industry flows in a SAM framework," Working Papers REM 2018/40, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    15. Santos, Susana, 2014. "Studying the Socio-Economics of Ageing using Social Accounting and Socio-Demographic Matrices. An application to Portugal," MPRA Paper 53858, University Library of Munich, Germany.
    16. 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.
    17. Susana Santos, 2003. "Social Accounting Matrices for Portugal in 1998-99. Modelling the effects of charges in government receipts and expenditures," Working Papers Department of Economics 2003/07, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    18. Bos, Frits, 2009. "The National Accounts as a Tool for Analysis and Policy; History, Economic Theory and Data Compilation Issues," MPRA Paper 23582, University Library of Munich, Germany.
    19. Susana Santos, 2005. "Social Accounting Matrix and the System of National Accounts: An Application," Working Papers Department of Economics 2005/14, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.

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