Article

 

USING THE SOCIAL ACCOUNTING MATRIX TO UNDERSTAND THE GREEK ECONOMIC CRISIS (p.119-133)

by

Charalampos ECONOMIDIS, PANTEION UNIVERSITY OF SOCIAL AND POLITICAL SCIENCES

Apostolos ECONOMIDES, PANTEION UNIVERSITY OF SOCIAL AND POLITICAL SCIENCES

Keywords : Social Accounting Matrix, Input-output Tables and analysis, Greek economic crisis

JEL classification : D57, E16

Abstract

The aim of this paper is to compile a Social Accounting Matrix for 2010, a decisive year for the period of crisis of the Greek economy. This SAM can facilitate our understanding of the crisis. More specifically, the SAM shows the changes in the various types of income of institutional agents. From the data contained in the SAM, it emerges that while National income and Disposable income have both declined, this decline is not evenly distributed across each institutional agent. In particular, for the period in question, although the income of Households and General Government shows a decrease, the income of Non-financial and Financial institutions marks an increase.