Why is the social accounting matrix important for the Republic of Macedonia
Journal
Young Economists Journal
Date Issued
2014
Author(s)
Abstract
Economic planning has a key role in achieving sustainable
economic development and needs proper tool for relevant quantitative
analysis. Social accounting matrix (SAM) is such a tool that supports
quantitative and qualitative policy-analysis. Hence, development planning
methodology is of highest importance for the organization of efficient
development planning system in the Republic of Macedonia. As a result,
the social accounting matrix (SAM) for Macedonia (non-existent at the
moment) will be a tool that provides solid support to scientifically based
economic analysis and assessment of the current situation and future
development. As such, it organizes the information on the economic, social
and environmental structure of an economy in a certain period of time;
provides schematic presentation of incomes and outlays in the economic
system; and forms statistical foundations for macroeconomic models
building.
economic development and needs proper tool for relevant quantitative
analysis. Social accounting matrix (SAM) is such a tool that supports
quantitative and qualitative policy-analysis. Hence, development planning
methodology is of highest importance for the organization of efficient
development planning system in the Republic of Macedonia. As a result,
the social accounting matrix (SAM) for Macedonia (non-existent at the
moment) will be a tool that provides solid support to scientifically based
economic analysis and assessment of the current situation and future
development. As such, it organizes the information on the economic, social
and environmental structure of an economy in a certain period of time;
provides schematic presentation of incomes and outlays in the economic
system; and forms statistical foundations for macroeconomic models
building.
Subjects