Distribution of aggregate income in Portugal from 1995 to 2000 within a SAM (Social Accounting Matrix) framework. Modeling the household sector



Table 10: Additional intergroup influences of unitary changes in the exogenous capital
receipts of households

1995

1996

1997

1998

1999

2000

Aggregate income of households

0.101

0.099

0.084

0.083

0.081

0.080

Aggregate investment /investment
funds of households_________________

0.036

0.030

0.022

0.023

0.019

0.024

Compensation of labour

0.135

0.135

0.122

0.124

0.123

0.126

Compensation of capital

0.112

0.111

0.100

0.102

0.098

0.094

Production value/total costs

0.233

0.231

0.202

0.199

0.192

0.192

Aggregate demand/supply

0.576

0.574

0.519

0.527

0.515

0,521

Source: Additional intergroup effects matrices ((M2-I)*M1) from 1995 to 2000.

Once again, we have positive values for all the additional influences and a predominance
of extragroup influences, as can be seen in Tables 9 and 10, meaning that most of the
repercussions originating from the capital account of households (5) do not return to it.

As was seen in the case of changes in household current income, and also in the case of
household capital income, there is a general decrease in the global influence (and its
components) from 1995 to 2000, sometimes with a slight increase in 2000 - see also the three
right hand graphs of Figure 1A, in the Appendix.

c) Network of linkages between endogenous accounts

Figure 3 helps us to understand the importance of the additional extragroup influences of
changes taking place in the current or capital accounts of households (Tables 6 and 9), as well
as the values of the global influences (Tables 5 and 8) of changes in the current and capital
receipts of households on production accounts (9-12).

Considering the importance of final consumption for households, the cells (12,1) of the
accounting multiplier matrices (M
a) were decomposed, from 1995 to 2000, through structural
path analysis
, in keeping with equation (20). Table 11 shows the results of this analysis.

- 17 -



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