xiv.internationalconferenceoninput-output.docVIP

XIV. INTERNATIONAL CONFERENCE ON INPUT-OUTPUT TECHNIQUES OCTOBER 10-15, 2002, MONTRéAL, CANADA INPUT-OUTPUT AND SAM MULTIPLIERS ANALYSIS: THE SLOVAK CASE By Viera Hajnovicova and Jirina Lapisakova Institute of Informatics and Statistics Bratislava, Slovak Republic e-mail: hajn@infostat.sk lapisak@infostat.sk Introduction Transition of economy to market economy determined the extensive structural changes in the Slovak economy. The aim of this paper is to analyse the structure of our economy from the aspect of inter-sectoral relations. Except the other factors, overall economic growth depends also on the sectoral growth rates, which are influenced by linkages between sectors. The sectors are linked not only with domestic activities but also with the rest of the world as well as with other actors of economy. To study these linkages the input-output tables are widely used. The multiplier analysis, based on Leontief inverse matrix, identifies the important direct and indirect relations between sectors. The extension of multiplier analysis on social accounting matrix (SAM) carries the new aspects in an analysis. The SAM provides framework for transparent economywide presentation of linkages between activities (or commodities), factors, households, domestic institutions and foreign institutions in a tabular format that is suitable for multiplier analysis. In this paper we use the SAM constructed for the Slovak Republic for 1998. The multipliers were calculated according to several scenarios in which we changed the selection of one or more exogenous accounts from among the general government, capital and rest of the world accounts. To identify the most important backward and forward sectoral linkages the normative average multipliers, calculated both from Leontief and SAM matrices, were used. 1. Social accounting matrix for the Slovak Republic The analysis is based on the consistent and comprehensive da