Skip to main content

Table 1 Basic framework of FSAM

From: Forecasting investment and consumption behavior of economic agents through dynamic computable general equilibrium model

  

Outlays

Commodities

Production activities

Factors of Productions

Taxes

Trade and transport margins

Institutional Sectors Current Account

Institutional Sectors Capital Account

Ch. In Stocks

Financial instruments

Total

  

P1

P2

P3

P4

  

Firms

Govt

HH

ROW

Firms

Govt

HH

ROW

   

Revenues

 

n.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

Commodities

 

1

 

Intermediate consumption

       

Final demand by Govt

Final demand by HH

Exports

Gross fixed capital formation / Investment demand by institutional sectors

Inventories

 

Total demand

Production activities

 

2

Domestic output

                 

Domestic demand for domestic output

Factors of Productions

P1

3

 

Net value added

         

Factor income from ROW

      

Net value added

P2

4

                

P3

5

                

P4

6

                

Taxes

 

7

Taxes on commodities

                 

Total taxes

Trade and transport margins

 

8

Transaction costs

                 

Total trade and transport margins

Institutional Sectors Current Account

Firms

9

  

Firms’ income

  

Distributive transactions among institutional sectors

      

Total revenue of institutional sectors

Govt

10

  

Govt Income

Taxes

       

HH

11

  

HH income

        

ROW

12

Imports

 

ROW income

Taxes

       

Institutional Sectors Capital Account

Firms

13

        

Firms Savings

   

Capital transfers among institutional sectors

 

Financial liabilities by institutional sectors

Availability of capital by institutional sectors

Govt

14

         

Govt Savings

   

HH

15

          

HH Savings

  

ROW

16

           

ROW Savings

 

Ch. in stocks

 

17

            

Inventories by institutional sectors

  

Total changes in inventories

Financial instruments

 

18

            

Financial assets by institutional sectors

  

Total financial assets

Total

 

19

Total supply to the domestic market

Domestic output

Net value added

Total taxes

Total trade and transport

Total outlays of institutional sectors

Total capital expenditures of institutional sectors

Total changes in inventories

Total financial liabilities

 
  1. Sources: Emini and Fofack (2004), Hubic (2012) and author’s construction
  2. Notations:P1-compensation of employees; P2-mixed income; P3-gross operating surplus; P4-other taxes less subsidies; Govt-government; HH-households; ROW-rest of the world