A Financial Social Accounting Matrix for the Integrated Macroeconomic Model for Poverty Analysis

A Financial Social Accounting Matrix for the Integrated Macroeconomic Model for Poverty Analysis PDF

Author: Hippolyte Fofack

Publisher:

Published: 2013

Total Pages:

ISBN-13:

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Cameroon is engaged in the Poverty Reduction Strategy Paper (PRSP) process, which emphasizes increased focus on poverty reduction in the design and implementation of growth and adjustment strategies. The Integrated Macroeconomic Model for Poverty Analysis (IMMPA) recently developed at the World Bank provides an analytical structure for supporting the PRSP process and quantifying poverty reduction strategies. Drawing on that framework, the authors provide a detailed financial social accounting matrix (SAM) for the Cameroonian economy to serve as input into the construction of an IMMPA model for Cameroon. An analysis of this financial SAM shows that the dramatic fall in investment during the crisis period persisted in the post-devaluation growth period in the late 1990s. Continued low investment has implications for ongoing high unemployment rates and poor welfare indicators. The authors illustrate this with simulations based on fixed-price multiplier analysis that highlight the potential growth and welfare benefits of increased public investment, following hypothetical debt relief and reduction of external debt servicing within the framework of the heavily indebted poor countries initiative.

The Integrated Macroeconomic Model for Poverty Analysis

The Integrated Macroeconomic Model for Poverty Analysis PDF

Author: Pierre-Richard Agénor

Publisher: World Bank Publications

Published: 2003

Total Pages: 132

ISBN-13:

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Agénor, Izquierdo, and Fofack present a dynamic, quantitative macroeconomic framework designed for analyzing the impact of adjustment policies and exogenous shocks on poverty and income distribution. They emphasize the role of labor market segmentation, urban informal activities, the impact of the composition of public expenditure on supply and demand, and credit market imperfections. Numerical simulations for a prototype low-income country highlight the importance of accounting for the various channels through which poverty alleviation programs and debt relief may ultimately affect the poor. This paper--a product of the Poverty Reduction and Economic Management Division, World Bank Institute--is part of a larger effort in the institute to understand the impact of adjustment policies on the poor.

The Integrated Macroeconomic Model for Poverty Analysis

The Integrated Macroeconomic Model for Poverty Analysis PDF

Author: Pierre-Richard Agenor

Publisher:

Published: 2016

Total Pages: 126

ISBN-13:

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Agenor, Izquierdo, and Fofack present a dynamic, quantitative macroeconomic framework designed for analyzing the impact of adjustment policies and exogenous shocks on poverty and income distribution. They emphasize the role of labor market segmentation, urban informal activities, the impact of the composition of public expenditure on supply and demand, and credit market imperfections. Numerical simulations for a prototype low-income country highlight the importance of accounting for the various channels through which poverty alleviation programs and debt relief may ultimately affect the poor.This paper - a product of the Poverty Reduction and Economic Management Division, World Bank Institute - is part of a larger effort in the institute to understand the impact of adjustment policies on the poor.

Social Accounting and Economic Modelling for Developing Countries

Social Accounting and Economic Modelling for Developing Countries PDF

Author: S.I. Cohen

Publisher: Taylor & Francis

Published: 2017-07-05

Total Pages: 202

ISBN-13: 1351763687

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This title was first published in 2002. Providing the first comprehensive systematic assessment of the social accounting matrix (SAM) in twenty developing countries, Solomon Cohen introduces key research in the area and looks at its practical applications. Divided into two parts, the first part of each chapter: -Deals with the construction and structural analysis of the SAM -Examines refinements of the SAM as a self-contained model of the economy; study of SAM multipliers of growth and distribution -Explores decompositions of multiplier effects and cross-country and inter-temporal comparative analysis of changing economic structures. The second part looks at the SAM as a modular framework and a database, which can be flexibly used in economic policy modelling. This valuable reference, and the accompanying volume Social Accounting or Industrial and Transition Economies will be an essential addition to the bookshelves of researchers, instructors, policy makers, scholars and libraries.

From an Elaborated Financial Social Accounting Matrix (FSAM) to a full Computable General Equilibrium (CGE) Model for Germany

From an Elaborated Financial Social Accounting Matrix (FSAM) to a full Computable General Equilibrium (CGE) Model for Germany PDF

Author: Jens Helbig

Publisher: GRIN Verlag

Published: 2013-12-18

Total Pages: 61

ISBN-13: 3656560358

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Master's Thesis from the year 2013 in the subject Economics - Macro-economics, general, grade: 100, Tecnológico de Monterrey, language: English, abstract: In the light of recent economic crises the necessity of more detailed and especially financial investigations for economic policy makers and the majority of economic agents surged imperatively around the world. However, one quite popular analysis instrument used in many countries, unfortunately in Germany and some other members of the European Union seems to be lacking its deserved attention. Social Accounting Matrices (SAMs) and their respective Computable Equilibrium Models (CGEs) represent a useful tool for profound and targeted economic analysis worldwide. Basically, observed and selected data of a base year is accommodated into a matrix presentation taking into account the double-entry accounting principle of revenues and expenditures revealing cross-institutional and cross-sectorial information or the mix of both. The underlying principle is to connect the producing part of an economy with the national institutions and the rest of the world in order to be able to conduct a significant analysis through a Computable Equilibrium Model. This model is calibrated and computed to generate the general equilibrium of an economy with the help of (mostly neo-classical) economic equations and assumptions reproducing the same values as observed in reality. In consequence, it is possible to perform an economic experiment predicting the reactions of the economy under consideration when facing those exogenous shocks. Until now, most SAMs and therefore CGEs have focused on a too limited presentation of the economies ignoring completely the financial part of it, even though this is an essential and in modern economies decisive part of economic life. This paper aims to transmit a step by step illustration of the elaboration of a Financial Social Accounting Matrix (FSAM) and the gradual development of an economic CGE model written in GAMS which makes use of the same data. In the end, an experiment is conducted taking into account the German Share Index DAX and a multitude of macroeconomic equilibrium equations.

Poverty and Social Impact Analysis of Reforms

Poverty and Social Impact Analysis of Reforms PDF

Author: Aline Coudouel

Publisher: World Bank Publications

Published: 2006-01-01

Total Pages: 550

ISBN-13: 0821364871

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"Poverty and Social Impact Analysis (PSIA) is an approach used increasingly by governments, civil society organizations, the World Bank, and other development partners to examine the distributional impacts of policy reforms on the well-being of different stakeholders groups, particularly the poor and vulnerable. PSIA has an important role in the elaboration and implementation of poverty reduction strategies in developing countries because it promotes evidence-based policy choices and fosters debate on policy reform options. Poverty and Social Impact Analysis of Reforms presents a collection of case studies that illustrate the spectrum of sectors and policy reforms to which PSIA can be applied; it also elaborates on the broad range of analytical tools and techniques that can be used for PSIA. The case studies provide examples of the impact that PSIA can have on the design of policy reforms and draw operational lessons for PSIA implementation. The case studies deal largely with policy reforms in a single sector, such as agriculture (crop marketing boards in Malawi and Tanzania and cotton privatization in Tajikistan); energy (mining sector in Romania and oil subsidies in Ghana); utilities (power sector reform in Ghana, Rwanda, and transition economies, and water sector reform in Albania); social sectors (education reform in Mozambique and social welfare reform in Sri Lanka); taxation reform (Nicaragua); as well as macroeconomic modeling (Burkina Faso)."

Regionalized Social Accounting Matrix for Yemen: A 2014 Nexus project SAM

Regionalized Social Accounting Matrix for Yemen: A 2014 Nexus project SAM PDF

Author: Raouf, Mariam

Publisher: Intl Food Policy Res Inst

Published:

Total Pages: 38

ISBN-13:

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A Social Accounting Matrix (SAM) is a representation of an economy that shows the circular flow of all transfers and real transactions between sectors and institutions. The SAM, which is a square matrix, describes the flows of incomes from activities, taking the form of factor remunerations, that are consequently received by the households for consumption on goods and services. The accounts in the SAM are the production activities, commodities, institutions, and factors of production. According to data availability, the production activities can be further disaggregated to include more detailed information on sub-sectoral or regional production. Similarly, the factors of production could be differentiated by the level of skills or the location of employment. Households can be disaggregated by income quintiles or by rural and urban residence.

Social Accounting Matrices and Multiplier Analysis

Social Accounting Matrices and Multiplier Analysis PDF

Author: Clemens Breisinger

Publisher: Intl Food Policy Res Inst

Published: 2009

Total Pages: 42

ISBN-13: 0896297837

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This training guide introduces development practitioners, policy analysts, and students to social accounting matrices (SAMs) and their use in policy analysis. There are already a number of books that explain the System of National Accounts and SAM multipliers-some of these are recommended at the end of this training guide. However, most books tend to be quite technical and move quickly from an introduction to more complex applications. By contrast, this guidebook uses a series of hands-on exercises to gradually introduce SAMs and multiplier analysis. It therefore complements more theoretical SAM and multiplier literature and provides a first step for development practitioners and students wishing to understand the strengths and limitations of these economic tools. It is also useful for policy analysts and researchers embarking on more complex SAM-based methodologies. One such methodology is computable general equilibrium (CGE) modeling, for which IFPRI has also developed a series of introductory exercises and a standard modeling framework.To download the exercises, go to www.ifpri.org/publication/social-accounting-matrices-and-multiplier-analysis

Macroeconomics of Climate Change in a Dualistic Economy

Macroeconomics of Climate Change in a Dualistic Economy PDF

Author: Sevil Acar

Publisher: Academic Press

Published: 2018-01-25

Total Pages: 154

ISBN-13: 0128135204

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Macroeconomics of Climate Change in a Dualistic Economy: A Regional General Equilibrium Analysis generates significant, genuinely novel insights about dual economies and sustainable economic growth. These insights are generalize-able and applicable worldwide. The authors overcome existing limitations in general equilibrium modeling. By concentrating on tensions between green growth and dualism, they consider the global efforts against climate change and opposition by specific countries based on economic development needs. Using Turkey as their primary example, they address these two most discussed and difficult issues related to policy setting, blazing a path for those seeking an applied economic research framework to study such economic considerations. Couples a CGE climate change mitigation policy analysis with a dual economy approach Presents methods to model and assess policy instruments for mitigating climate change Provides data sets and models on a freely-accessible companion website Offers a path for those seeking an applied economic research framework to study economic considerations