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Dataset: a social accounting matrix for Germany.

Kevin Connolly1, Andrew Ross2, Stefan Vögele3

  • 1Department of Economics, Fraser of Allander Institute, University of Strathclyde, Glasgow, Scotland.

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Summary
This summary is machine-generated.

The Social Accounting Matrix (SAM) offers a detailed view of economic interactions. This tool aids policymakers in understanding economic relationships and evaluating policy impacts for better decision-making.

Keywords:
Computable General EquilibriumInput-OutputNational AccountsSocial Accounting Matrix

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Area of Science:

  • Economics
  • Economic Modeling
  • Environmental Accounting

Background:

  • The Social Accounting Matrix (SAM) extends Input-Output tables to detail socio-economic accounts.
  • SAMs provide a comprehensive understanding of inter-sectoral and inter-agent economic relationships.
  • They are crucial for economic analysis, policy evaluation, and economic modeling.

Purpose of the Study:

  • To present a detailed Social Accounting Matrix (SAM) for Germany.
  • To illustrate the utility of SAMs in economic analysis and policy evaluation.
  • To serve as a foundation for Computable General Equilibrium (CGE) models.

Main Methods:

  • Compilation of a SAM for Germany by extending EXIOBASE Input-Output (IO) accounts.
  • Integration of data from the Federal Statistical Office of Germany.
  • Application of balancing items to ensure consistency in income and expenditure accounts.

Main Results:

  • The German SAM details incomes and expenditures for 163 production sectors.
  • It includes data on factors of production, households, corporations, government, and external accounts.
  • Natural capital accounts and capital formation data are also incorporated.

Conclusions:

  • The developed SAM provides a robust framework for economic analysis in Germany.
  • SAMs enhance informed decision-making for policymakers by revealing economic interdependencies.
  • This detailed economic dataset supports the construction of advanced CGE models.