National Accounts of Portugal in 2018. Measurement of institutional interrelations in distributive transactions

Complementing the working paper with the same title - National Accounts of Portugal in 2018 - and subtitle “Integrated economic accounts, matrix representations and extensions” (Santos, 2022), the measurement of institutional interrelations in distributive transactions is now explored in more detail, with a view to facilitating and improving the construction and extension of matrix representations. For the six groups of institutional sectors, identified by the System of National Accounts, starting from the published totals of the current and capital accounts, organized in the form of integrated economic accounts, the nine categories of distributive transactions (disaggregated at the second level) are analysed individually and the possibilities of filling in from-whom-to-whom matrices are explored. Since the resources of some are the uses of others, it will be shown as information about the origin of the resources (from-whom) or the destination of the uses (to-whom) can complete the filling of those matrices. Like the supply and use tables for industry interrelations in transactions in products, tables with the origin of the resources or the destination of the uses of distributive transactions can have a relevant contribution to the measurement of institutional interrelations. This would take another step towards the possibility of having more credible disaggregation of matrices derived from national accounts (for example, national/social accounting matrices), of undeniable utility in measuring and modelling countries' economic activity.