Description
This book provides a state-of-the-art account of developments and applications of the social accounting methods that Richard Stone developed and applied during his long and distinguished career, focussing on applications of social accounts in economics and demography, and addressing issues of new formulations and specifications at both national and regional levels. One theme is economic structure, and particularly issues of structural change, focussing on: changes in final demand composition; fundamental economic structure and hierarchical decomposition, all of these within the context of social accounts matrices. Another theme covers Economic-Demographic Relationships, with special focus on extended input-output models, including consistency problems, linking of macro- and micro-economic approaches and Linear Expenditure Systems. The importance of Social Accounts Matrices in generating Computable General Equilibrium models, and the enormous potential that both SAM and CGE models have for policy analysis, particularly in the interregional context, is also stressed.
