The regional economy of Central Macedonia: an application of the social accounting matrix

PurposeThe economic and social problems, including high unemployment, facing the Greek economy in recent years are substantial. The role of the agri-food sector and agriculture in dealing with unemployment is a concern. To support the agricultural economy, a Common Agricultural Policy (CAP) 2007–2014 was adopted and implemented in the EU Member States. However, boosting employment, in the industry itself and indirectly in the economy, has almost never been a key goal of any policy. The purpose of this paper is to examine the role of the CAP 2014–2020 in maintaining and enhancing employment and income distribution in the region of Central Macedonia.Design/methodology/approachThe authors used the regional social accounting matrix (SAM), which examines the depiction of the interconnections between the sectors of economic activity and local economy (households, businesses, public) but also interconnections and transactions with the rest of the world. The SAM presents a more complete picture of the economic figures of the region, evaluating the interconnections of cross-sectoral relations and the implemented policies, both in the production sectors and in the regional society.FindingsFor the Central Macedonia region, the agricultural sector is a key player, holding a regulatory role for regional economic viability, and shows marked connections with the other industry branches of the region.Originality/valueThe new CAP 2014–2020 through Pillar 2–Rural Development may reinforce the new role of the industry in terms of the environment, integrated rural development and social structure of rural areas, ensuring coherence.

Economic And Environmental Impact Of The Tourism Carrying Capacity: A Local-Based Approach

The design and the evaluation of sustainable tourism policies require involving all the actors in the decision-making process. One of the critical aspects at the regional level is the absence of a clear definition of instruments and methodologies able to involve all the actors and to meet different policy targets. The aim of this study is to assess the economic and environmental impact of the tourism carrying capacity by proposing a framework able to deal with multiple variables. To this end, a social accounting matrix is built for a local area composed by four municipalities within the Sardinia region (Italy), and then it is used as a reference frame to implement the extended multisectoral model. Such an approach will provide results, on visitors flow recorded in the Asinara National Park, in terms of value added and CO2 emissions changes.

Methodological Review of impact studies of airports: A qualitative and quantitative proposal for the Airport of Málaga-Costa del Sol

Airports have become fundamental axes of the economy of many countries. In Spain, the airports managed by Aena1 ended 2019 with more than 274.4 million passengers, which was 4.4% more than the previous year. They are not only important for tourism but also for other sectors that depend on imports and exports. For years, the impact measurements have included the IO tables, but we are now questioning whether they constitute the best measurement model. The research reveals that the main problem is the application of different methodologies used by airports and countries. For this reason, we propose a model to measure the economic impact of the Malaga-Costa del Sol Airport that incorporates the importance of the tourism. This study is conceived as a guide for studying the impacts of any airport around the world. The review reveals that the social accounting matrix with changes in the variables involved is the best available measurement model. The conclusions reflect that the qualitative point of view is necessary. This can provide data that, together with previous studies, will result in multidisciplinary research that will allow us to gain a much deeper understanding of these infrastructures. The conclusions have practical and theoretical implications for impact studies.

Building a Financial Social Accounting Matrix for Colombia

This document shows a first approach to build a financial Social Accounting Matrix (SAM) for Colombian economy. In order to do it, it is proposed a methodology to build real SAM and T-accounts for financial sector. Finally, I get mix up real and financial accounts in a financial SAM. In particular, this financial SAM can be used as input for IMMPA model.

COVID-19 impact study: assessing the consequences of the pandemic on economic output in developing countries for targeted sectors

This paper presents a model for how the impact of the COVID-19 pandemic on economic output in developing countries can be assessed with a new approach. Existing models lack sectoral granularity in developing countries, which can, however, be obtained through input-output modelling by changing the social accounting matrix to simulate a COVID-19 economy. Results have been estimated for 65 sectors and 141 regions which correspond to the Global Trade Analysis Project’s data. The analyses showed that the average impact in Africa and Asia on industry output is −2.6 per cent and −2.9 per cent, respectively. It is estimated that tourism and services are the most heavily impacted sectors, between −15 per cent and −19 per cent for hospitality, recreation, and other service activities, and between −4 per cent and −7 per cent for transport services. The model is a first attempt at estimating impact at this level of granularity per country and sector, which by triangulation with empirical data can be used to make substantiated management or policy decisions.