Better policy analysis with better data. Constructing a Social Accounting Matrix from the European System of National Accounts.

Not considering the consumption of fixed capital, in other words working in gross terms² and
considering sets or blocks of transactions/submatrices, which are sometimes balances, with the
same characteristics³, it is possible to establish the following connections.

1. Compensation of factors of production.

a. SAM transactions: Tf a, or gross added value (at factor cost); Tdic f, or gross national income
(at factor cost); Tf rw, or compensation of factors from the rest of the world; Trw f, or
compensation of factors to the rest of the world.

b. NAM transactions: TII.1 I, or gross added value (at market prices); TII.1 II.1, or property income
received/paid by domestic institutions from/to domestic institutions; TII.2&3 II.1, or gross national
income (at market prices); T II.1 V or primary income from the rest of the world; TV II.1, or
primary income to the rest of the world.

c. National Accounts transactions: compensation of employees (code D1 - SNA 93, Prg. 7.21-
7.47; ESA 95, Prg. 4.02-4.13); property income (code D4 - SNA 93, Prg. 7.87-7.133; ESA
95, Prg. 4.41-4.76); gross added value/gross domestic product (at market prices, code B1g);
gross national income (at market prices, code B5g).

d. Difference between SAM and NAM: net indirect taxes, which are considered separately by
the first matrix (see the block).

2. Production.

a. SAM transaction: Ta p, or output of goods and services (at base prices).

b. NAM transaction: TI0, or output of goods and services (at market prices).

c. National Accounts transaction: output of goods and services (code P1 - SNA 93, Prg. 6.38-
6.51; ESA 95, Prg. 3.14-3.68).

d. Difference between SAM and NAM: net taxes on products, which are a part of the net
indirect taxes and are considered separately by the first matrix (see the block).

3. Intermediate consumption.

a. SAM transaction: Tp a, or intermediate consumption.

b. NAM transaction: T0 I, or intermediate consumption.

c. National Accounts transaction: intermediate consumption (code P2 - SNA 93, Prg. 6.147-
6.178; ESA 95, Prg. 3.69-3.73).

² The consideration of this item was postponed until the next stage of our research, together with the study of the
possibility of calculating the capital stock of the economy and its changes.

³ Santos (2006) provides a detailed explanation of these.

<<   3   4   5   6   7   8   9   >>

More intriguing information