GUIDELINES TO THE CONSTRUCTION OF A SOCIAL ACCOUNTING MATRIX

The increasing number of countries for which a Social Accounting Matrix (SAM) has been compiled testifies to the usefulness of this integrated data framework. Considerable resources are always involved in the construction of a SAM, for it provides a comprehensive description of an economy with emphasis on distributive aspects. This means that, unlike other data systems, incomes and expenditures of several categories of households and their relation to the production structure, the balance of payments and transactions by other institutions are shown. However, apart from this minimum requirement, no standardized concepts and guidelines for SAM construction are as yet available. Although a SAM should stay as close...