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



4. Gross capital formation.

a. SAM transaction: Tp dik, or gross capital formation.

b. NAM transaction: T0 III.1, or gross capital formation.

c. National Accounts transaction: gross capital formation (code P5 - SNA 93, Prg. 10.32-
10.130; ESA 95, Prg. 3.100-3.127).

5. Net indirect taxes or net taxes on production and imports, which include net taxes on production
and net taxes on products.

a. SAM transactions: Tdic a, or net taxes on production paid to domestic institutions (general
government); T
rw a, or net taxes on production paid to the rest of the world; Tdic p, or net taxes
on products paid to domestic institutions (general government); part of T
rw p, or net taxes on
products paid to the rest of the world.

b. NAM transaction: part of TI 0, or output of goods and services; part of TII.1 I , or gross added
value; part of T
II.2&3 II.1, or gross national income. All these amounts are stated at market prices
and therefore include net indirect taxes.

c. National Accounts transactions: (other) taxes on production (code D29 - SNA 93, Prg. 7.70;
ESA 95, Prg. 4.22-4.24), net of (other) subsidies on production (code D39 - SNA 93,
Prg.7.79; ESA 95, Prg. 4.36-4.40); taxes on products (code D21 - SNA 93, Prg. 7.62-7.69;
ESA 95, Prg. 4.16-4.21), net of subsidies on products (code D31 - SNA 93, Prg. 7.73-7.78;
ESA 95, Prg. 4.33-4.35).

6. Final consumption.

a. SAM transaction: Tp dic, or final consumption (in the economy); part of Trw dic, or direct
purchases abroad by residents.

b. NAM transaction: T0 II.4, or final consumption (total); part of T V 0, or direct purchases abroad
by residents.

c. National Accounts transaction: final consumption (code P3 - SNA 93, Prg. 9.45-9.71; ESA
95, Prg. 3.75-3.80).

d. Difference between SAM and NAM: direct purchases abroad by residents.

7. External Trade.

a. SAM transaction: part of Trw p, or imports (not considering direct purchases abroad by
residents); T
prw, or exports.

b. NAM transaction: part of T V0, or imports of goods and services; T0 V, or exports of goods and
services.



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