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Graham Pyatt: Accounting for Development

Author

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  • Jeffery I. Round

    (Department of Economics – University of Warwick)

Abstract

Graham Pyatt was an influential quantitative development economist. He made significant contributions in the fields of social accounting and policy modelling, and in poverty analysis especially. The aim of this paper is to chart and assess his pioneering contribution in designing and applying social accounting matrices (SAMs) in developing countries. He led projects to construct SAMs for Sri Lanka, Swaziland and Malaysia with progressively improved features. Based on the structure of a SAM he developed both fixed and flexible price models, including multiplier decompositions used in examining the relationships between the structure of production and income distribution. Graham Pyatt also contributed insights into the fundamentals of social accounting including accounting for time use. The paper also highlights his inspiration in developing formal methods of reconciling data from disparate data sources; and in devising the transactions value (TV) approach to construct a CGE model based on a SAM format.

Suggested Citation

  • Jeffery I. Round, 2025. "Graham Pyatt: Accounting for Development," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 133(1), pages 7-18.
  • Handle: RePEc:vep:journl:y:2025:v:133:i:1:p:7-18
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    More about this item

    Keywords

    Social accounting matrix; SAM; multipliers; development;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • E16 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Social Accounting Matrix
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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