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A SOCIAL ACCOUNTING MATRIX FOR MODELLING AGRICULTURAL POLICY REFORM IN SOUTH AFRICA / 'N SOSIALE REKENINGE MATRIKS VIR DIE MODELLERING VAN LANDBOUBELEIDSHERVORMING IN SUID-AFRIKA

Scott McDonald, Johann F. Kirsten, J. van Zyl

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Abstract

In this paper the format of a Social Accounting Matrix (SAM) for use as a database for the Computable General Equilibrium (CGE) modelling of agricultural policy reform in South Africa is detailed. It is shown that the published South African SAMs impose limitations upon their suitability as databases for CGE models, but that they can be readily modified. An additional benefit of a SAM is its use as a framework for the specification of the behavioural relationships necessary to the development of a model. Finally, a Macro SAM for 1993 is reported and the proposed disaggregation of the agricultural sector is identified.

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What this paper is about

In this paper the format of a Social Accounting Matrix (SAM) for use as a database for the Computable General Equilibrium (CGE) modelling of agricultural policy reform in South Africa is detailed. It is shown that the published South African SAMs impose limitations upon their suitability as databases for CGE models, but that they can be readily modified. An additional benefit of a SAM is its use as a framework for the specification of the behavioural relationships necessary to the development of a model. Finally, a Macro SAM for 1993 is reported and the proposed disaggregation of the agricultural sector is identified.

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Available abstract

In this paper the format of a Social Accounting Matrix (SAM) for use as a database for the Computable General Equilibrium (CGE) modelling of agricultural policy reform in South Africa is detailed. It is shown that the published South African SAMs impose limitations upon their suitability as databases for CGE models, but that they can be readily modified. An additional benefit of a SAM is its use as a framework for the specification of the behavioural relationships necessary to the development of a model. Finally, a Macro SAM for 1993 is reported and the proposed disaggregation of the agricultural sector is identified.

Key concepts: Social accounting matrix, Computable general equilibrium, Macro, Agriculture, Economics, Social accounting, Matrix (chemical analysis), Accounting

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A SOCIAL ACCOUNTING MATRIX FOR MODELLING AGRICULTURAL POLICY REFORM IN SOUTH AFRICA / 'N SOSIALE REKENINGE MATRIKS VIR DIE MODELLERING VAN LANDBOUBELEIDSHERVORMING IN SUID-AFRIKA — Research Paper | ScholarLens