IDEAS home Printed from https://ideas.repec.org/a/ura/ecregj/v1y2017i1p319-330.html
   My bibliography  Save this article

Regional Balance Model of Financial Flows through Sectoral Approaches System of National Accounts

Author

Listed:
  • Yekaterina Zakharchuk

    (The Institute of Economics at the Russian Academy of Sciences (Ural branch))

  • Aleksey Pasynkov

    (Institute of economics, the Ural branch of Russian Academy of Sciences)

Abstract

The main purpose of the study, the results of which are reflected in this article, is the theoretical and methodological substantiation of possibilities to build a regional balance model of financial flows consistent with the principles of the construction of the System of National Accounts (SNA). The paper summarizes the international experience of building regional accounts in the SNA as well as reflects the advantages and disadvantages of the existing techniques for constructing Social Accounting Matrix. The authors have proposed an approach to build the regional balance model of financial flows, which is based on the disaggregated tables of the formation, distribution and use of the added value of territory in the framework of institutional sectors of SNA (corporations, public administration, households). Within the problem resolution of the transition of value added from industries to sectors, the authors have offered an approach to the accounting of development, distribution and use of value added within the institutional sectors of the territories. The methods of calculation are based on the publicly available information base of statistics agencies and federal services. The authors provide the scheme of the interrelations of the indicators of the regional balance model of financial flows. It allows to coordinate mutually the movement of regional resources by the sectors of «corporation», «public administration» and «households» among themselves, and cash flows of the region — by the sectors and directions of use. As a result, they form a single account of the formation and distribution of territorial financial resources, which is a regional balance model of financial flows. This matrix shows the distribution of financial resources by income sources and sectors, where the components of the formation (compensation, taxes and gross profit), distribution (transfers and payments) and use (final consumption, accumulation) of value added are mutually linked by sectors (corporations, public administration, households) on the principle of double entry. The balancing indicators of financial resources movement are the balance of net lending/borrowing of institutional sectors, which shows the excess of (lack of) financial resources of individual sectors in their use.

Suggested Citation

  • Yekaterina Zakharchuk & Aleksey Pasynkov, 2017. "Regional Balance Model of Financial Flows through Sectoral Approaches System of National Accounts," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 319-330.
    • Handle: RePEc:ura:ecregj:v:1:y:2017:i:1:p:319-330
    as

    Download full text from publisher

    File URL: http://economyofregion.ru/Data/Issues/ER2017/March_2017/ERMarch2017_319_330.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alexey F. Pasynkov, 2020. "Compilation of regional financial balances for the 'General Governance' sector in the Ural Federal District," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 6(4), pages 251-260.
    2. Constantin Anghelache & Madalina-Gabriela Anghel & Alina-Georgiana Solomon, 2017. "National Accounts System: Source of Information in Macroeconomic Forecast," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(2), pages 76-82, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Susana Santos, 2006. "Constructing a Database for Economic Modelling From the System of National Accounts: a Social Accounting Matrix for Portugal," EcoMod2006 272100078, EcoMod.
    2. Roberto Veneziani & Luca Zamparelli & Michalis Nikiforos & Gennaro Zezza, 2017. "Stock-Flow Consistent Macroeconomic Models: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1204-1239, December.
    3. Hartono, Djoni & Resosudarmo, Budy P., 2008. "The economy-wide impact of controlling energy consumption in Indonesia: An analysis using a Social Accounting Matrix framework," Energy Policy, Elsevier, vol. 36(4), pages 1404-1419, April.
    4. Ana Corina Miller & Alan Matthews & Trevor Donnellan & Cathal O'Donoghue, 2011. "A 2005 Agriculture-Food SAM (AgriFood-SAM) for Ireland," The Institute for International Integration Studies Discussion Paper Series iiisdp372, IIIS.
    5. Çağatay, Selim & Taşdoğan, Celal & Özeş, Reyhan, 2017. "Analysing the impact of targeted bio-ethanol blending ratio in Turkey," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 6(2), September.
    6. Alvaro Gallardo & Cristian Mardones, 2013. "Environmentally extended social accounting matrix for Chile," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 15(4), pages 1099-1127, August.
    7. Laia Pié, 2017. "The Catalan Economy towards the New European Energy Policy: Through Accounting of Greenhouse Emission Multipliers," Sustainability, MDPI, vol. 9(12), pages 1-18, December.
    8. Melissa De La Ossa & Raúl Castro & Javier Pérez, 2015. "Impactos Económicos de Proyectos de Renovación Urbana en Bogotá: Un Análisis a partir de los Multiplicadores de la SAM 2010," Documentos CEDE 13877, Universidad de los Andes, Facultad de Economía, CEDE.
    9. Xiuli Liu & Geoffrey J. D. Hewings, 2019. "Identification of changes in the economic interactions among sectors from 1995 to 2010 for Chicago economy using hierarchical feedback loop analysis," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 62(3), pages 637-655, June.
    10. Steve Boucher & J. Edward Taylor, 2006. "Subsistence Response to Market Shocks," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 88(2), pages 279-291.
    11. Chapa Cantú Joana Cecilia & Mosqueda Chávez Marco Tulio & Rangel González Erick, 2019. "Social Accounting Matrices for the Regiones of Mexico," Working Papers 2019-20, Banco de México.
    12. Fahman Fathurrahman & Bora Kat & Uğur Soytaṣ, 2017. "Simulating Indonesian fuel subsidy reform: a social accounting matrix analysis," Annals of Operations Research, Springer, vol. 255(1), pages 591-615, August.
    13. Benedetto Rocchi & Donato Romano & Gianluca Stefani, 2005. "Distributive impacts of alternative agricultural policies: A SAM-based analysis for Italy," Cahiers d'Economie et Sociologie Rurales, INRA Department of Economics, vol. 77, pages 85-112.
    14. Yasuhide Okuyama & Michael Sonis & Geoffrey Hewings, 2006. "Typology of structural change in a regional economy: a temporal inverse analysis," Economic Systems Research, Taylor & Francis Journals, vol. 18(2), pages 133-153.
    15. Irfan Ahmed & Claudio Socci & Rosita Pretaroli & Francesca Severini & Stefano Deriu, 2022. "Socioeconomic spillovers of the 2016–2017 Italian earthquakes: a bi-regional inoperability model," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(1), pages 426-453, January.
    16. Dario Debowicz, 2016. "A social accounting matrix for Iraq," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 5(1), pages 1-19, December.
    17. María T. Álvarez-Martínez & Alfredo J. Mainar-Causapé, 2021. "The GHG Emissions Generating Capacity by Productive Sectors in the EU: A SAM Analysis," Sustainability, MDPI, vol. 13(4), pages 1-14, February.
    18. Adelman, Irma & Robinson, Sherman, 1986. "The Application of General Equilibrium Models to Analyze U.S. Agriculture," CUDARE Working Papers 198352, University of California, Berkeley, Department of Agricultural and Resource Economics.
    19. Sergio Soza-Amigo & Jean Pierre Doussoulin, 2024. "Structural Changes in Chile’s Industries to Reduce Carbon Dioxide (CO 2 ) Emissions: An Emissions Multiplier Product Matrix Analysis (eMPM)," Sustainability, MDPI, vol. 16(15), pages 1-19, August.
    20. Cardenete Flores, M.Alejandro & Delgado López, María Del Carmen & Fuentes Saguar, Patricia D., 2013. "Análisis del impacto de los Fondos Europeos en Andalucía: 2000-2006/Impact Assessment of the European Funds in Andalusia: 2000-2006," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 31, pages 247(26)-247, Enero.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ura:ecregj:v:1:y:2017:i:1:p:319-330. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alexey Naydenov (email available below). General contact details of provider: http://www.economyofregion.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.