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This paper will discuss the importance of the SAM (Social Accounting Matrix) as a consistent and flexible database for economic modelling to be used for the purpose of ensuring a better policy analysis. It will be shown how the SAM represents the circular flow of income and how it can support...
Persistent link: https://www.econbiz.de/10005593060
Knowledge of the quantifiable side of a market economy greatly depends on the form of macro-economic modelling that is used. This, in turn, should have an underlying database. Such a database should include the interrelated subsystems that exist within that economy and, at the same time, it...
Persistent link: https://www.econbiz.de/10005628429
A SAM (Social Accounting Matrix) approach can be an important aid for the modelling of economic policy and a valuable support in the decision-making process, since it provides a description of the measurable part of a society’s activity. Richard Stone made the first and most fundamental...
Persistent link: https://www.econbiz.de/10009322930