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- W222758918 abstract "Abstract The Social Accounting Matrix (SAM), a convenient way of giving a comprehensive and consistent picture of an economy, is used as the data base for many models. The paper describes the Transaction Value (TV) Approach, a systematic way of defining, estimating, and solving economywide multisectoral equilibrium models based on a SAM. SAM-based models define for each period a SAM with the same accounting structure as the base SAM. The behavioral equations of a SAM-based model are derived from independent descriptions of the economic agents, and the model is tied together by the accounting identities of the SAM. The TV approach has four advantages: the models are guaranteed to be consistent, it is easy to experiment with alternative formulations, most parameters can be estimated from the base SAM, and the underlying solution algorithm is guaranteed to converge under very general assumptions." @default.
- W222758918 created "2016-06-24" @default.
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- W222758918 date "1984-01-01" @default.
- W222758918 modified "2023-09-26" @default.
- W222758918 title "THE TRANSACTION VALUE APPROACH: A SYSTEMATIC METHOD OF DEFINING ECONOMYWIDE MODELS BASED ON SOCIAL ACCOUNTING MATRICES" @default.
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- W222758918 doi "https://doi.org/10.1016/b978-0-08-030557-8.50039-4" @default.
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