Analysis of the Foreign Sector as an Endogenous Variable in SAM Linear ModelsAn Empirical Proposal
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1
Universidad Pablo de Olavide
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2
Universidad de Sevilla
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3
Universidad Loyola Andalucía
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ISSN: 1133-3197, 1697-5731
Año de publicación: 2017
Título del ejemplar: Crisis, Economía y Finanzas
Volumen: 35
Número: 3
Páginas: 737-748
Tipo: Artículo
Otras publicaciones en: Estudios de economía aplicada
Resumen
The traditional consideration of the Foreign Sector as an exogenous variable in Input-Output or Social Accounting Matrices (SAM) linear models has led to biased estimations of hypothetical demand shocks when applying those models. The objective of this work is to analyse the possibility of including operations with foreign countries as an endogenous variable while solving the difficulties associated to this option. Thus, the methodology herein proposed makes it possible to prevent the influence and impact of the Foreign Sector from being overvalued, such as they are when estimated by other methodologies. A Social Accounting Matrix for Spain has been used as the database for this work
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