Using Social Accounting Matrices in Modeling the Structure of Economic System

Abstract

Analyzing the research into the use of social accounting matrices in modeling the economic system’s structure made it possible to single out three stages of matrices development. Each stage encompasses the typical composition of matrix accounts and the level of analytical potential of the tools. Classification is performed of the applied works on social accounting matrices, based on the authors’ approach to modeling. The first approach is based on fixed-price multipliers, the second – on computable general economic equilibrium models and flexible- price multipliers. A review of the results of testing the fixed-price multipliers model is given. The analytical potential of the model in studying structural features of relationships between economic systems, both at the national and regional levels, is shown

Keywords

• Social accounting matrices
• economic system
• reproductive ratio
• fixed-price multipliers
• multipliers decomposition