Economy-wide models (including the Social Accounting Matrix (SAM) Model are useful tools for investigating the effects of policies with direct and indirect feedback within an economy. These models are based on economic theories and supported by data analytics. They draw from macroeconomic and sectoral national accounts data, supply-use tables and institutional data organized in a social accounting matrix (SAM)format and are informed by empirically derived behavioral rules for consumers, producers, investors, households and governments. Economy-wide models are useful to assess “what if” scenarios involving a variety of policies and shocks. They can shed light on the impacts of policies and shocks on employment, output, national budgets, imports and exports, and consumption patterns, among others.
This Garvey Africa Institute training on Social Accounting Matrix (SAM) Modelling for Policy Analysis equips participants with Input-Output and SAM modelling skills that are valuable for policy analysis. It covers topics such as descriptive analysis and interlinkages in the economy, multipliers and their interpretation, simple policy applications and short comings of simple multiplier analysis. It provides hands-on exercises on multiplier analysis and simulations.
Who Should Attend this Course?
- Economic planners
- Senior government officials
- Development practitioners
- Policy analysts
- Economists needing background in order to work with or understand results from SAM modelling
The course helps participants:
- develop an understanding of the structure of a SAM
- understand input-output/social accounting matrix multiplier analysis
- have a good understanding of what a SAM model is, and the types of problems forwhich they can be useful
- understand the general functioning and capabilities of SAM models
- develop enough skills in Social Accounting Matrix (SAM) modelling
- interpret and present SAM multiplier and simulation results in a comprehensive manner