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Developing Social Accounting Matrix for Macedonia: a challenge ahead

Author

Listed:
  • Kjosev Sasho

    (University “Ss. Cyril and Methodius”, Faculty of Economics, Skopje, Republic of Macedonia)

  • Novkovska Blagica

    (University of Tourism and Management, Faculty of Economics, Skopje, Republic of Macedonia)

Abstract

The Social Accounting Matrix (SAM), together with the SESAME approach, proved highly useful in providing the basis for in-depth analyses of all the socio-economic flows in the developed economies. The aim of this paper, after initial explanation of the theoretical foundations of these methods for the development analysis, is to contribute to raising the awareness of the urgent necessity for developing and implementing these methodological approaches in the Republic of Macedonia. Special attention is paid to the analysis of the current situation related to the readiness of the national statistical system to provide all the necessary statistical data and logistical support for a more efficient preparation and implementation of these methodological approaches in the national economy. The paper analyses in detail the data describing particularly important aspects of the position of workers on the labour market aimed to be used as a basis for the SESAME approach. A comparative analysis with reference to the EU countries has been performed. The paper concludes by presenting practical recommendations which should, in our opinion, lead to preparation and implementation of the SAM and its extension (SESAME) in the Republic of Macedonia. The named should be used for the successful decision-making process related to creation and implementation of efficient macroeconomic and development policies in the country.

Suggested Citation

  • Kjosev Sasho & Novkovska Blagica, 2017. "Developing Social Accounting Matrix for Macedonia: a challenge ahead," Croatian Review of Economic, Business and Social Statistics, Sciendo, vol. 3(2), pages 10-19, December.
    • Handle: RePEc:vrs:crebss:v:3:y:2017:i:2:p:10-19:n:2
    DOI: 10.1515/crebss-2017-0006
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    References listed on IDEAS

    as
    1. Prof. Sasho Kjosev Ph. D & Assist. Prof. Gjorgji Gockov Ph. D & Assist. Prof. Ljupcho Eftimov, Ph.D, 2014. "Why Is The Social Accounting Matrix Important For The Republic Of Macedonia?," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(23), pages 45-50, November.
    2. Steven Keuning, 1998. "Interaction Between National Accounts And Socio‐Economic Policy," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 44(3), pages 345-359, September.
    3. Sasho Kjosev & Sasho Kjosev & Sasho Kjosev & Sasho Kjosev, 2012. "Social Accounting Matrix - Methodological Basis for Sustainable Development Analysis," Chapters, in: Chaouki Ghenai (ed.), Sustainable Development - Policy and Urban Development - Tourism, Life Science, Management and Environment, IntechOpen.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Macedonia; macroeconomic policies; SESAME; Social Accounting Matrix; sustainable development;
    All these keywords.

    JEL classification:

    • C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling
    • C55 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Large Data Sets: Modeling and Analysis
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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