Table 7: Additional intergroup influences of unitary changes in the exogenous current
receipts of households
|
1995 |
1996 |
1997 |
1998 |
1999 |
2000 | |
|
Aggregate income of households |
0.104 |
0.096 |
0.083 |
0.081 |
0.076 |
0.078 |
|
Aggregate investment /investment |
0.025 |
0.021 |
0.017 |
0.016 |
0.014 |
0.017 |
|
Compensation of labour |
0.098 |
0.097 |
0.093 |
0.091 |
0.091 |
0.091 |
|
Compensation of capital |
0.082 |
0.080 |
0.076 |
0.075 |
0.073 |
0.068 |
|
Production value/total costs |
0.210 |
0.201 |
0.182 |
0.174 |
0.165 |
0.169 |
|
Aggregate demand/supply |
0.414 |
0.410 |
0.393 |
0.385 |
0.380 |
0.374 |
Source: Additional intergroup effects matrices ((M2-I)*M1) from 1995 to 2000.
The general decrease in the global influence (and its components) from 1995 to 2000,
sometimes with a slight increase in 2000, is in keeping with what was seen in Tables 2 (see
also the three left hand graphs of Figure 1A, in the Appendix), namely the decrease in the
relative share of aggregate household income in total aggregate income.
b) Effects of changes in household capital income
The items that can be changed in household capital income (the items in row 5 of the X
matrix, presented in Table 4, or cells (5,7), (5,8), (5,13) and (5,14), of the SAMs) are:
1. investment grants from government and the rest of the world;
2. (other) capital transfers from financial corporations and the rest of the world;
3. net lending.
As was seen before, average expenditure propensities show that households spent a unit of
their (now) capital receipts as follows (column 5 of An and Al matrices):
|
1995 |
1996 |
1997 |
1998 |
1999 |
2000 | |
|
Gross Capital Formation.......................... |
1.13 |
1.14 |
1.08 |
1.13 |
1.12 |
1.14 |
|
Capital taxes and (other) capital transfers to Acquisitions minus disposals of non-produced |
0.01 |
0.01 |
0.06 |
0.01 |
0.01 |
0.01 |
|
-0.14 |
-0.16 |
-0.13 |
-0.14 |
-0.13 |
-0.15 | |
|
transfers to the rest of the world................ |
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