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- Title
ALTERNATIVE APPROACH TO ECONOMIC RESTRUCTURING TO BENEFIT THE POOR - SAM MULTIPLIERS ANALYSIS AS ALTERNATIVE APPROACH.
- Authors
ACHARYA, Sanjaya; SIGNORELLI, Marcello; VOJINOVIC, Borut; OPLOTNIK, Žan Jan
- Abstract
Many economic reforms in developing economies are, in fact, price deregulation in the product markets and trade liberalisation, concerning whether the growth of exports accelerates. This paper, however, attempts to offer a new flavour in the policy reforms using fix price model to study the growth impact of different sector investment and transfers to households. We used Social Accounting Matrix (SAM) multipliers to analyse the flow structure and distributional effects of sector investments/transfers in a typical developing. Using the case of Nepal we simulate the effects of additional demand creations to sectors and transfer earning growth to households and measure their effects and conclude that in the given flow structure, the additional sector demand and transfer growth in the economy benefit the middle income groups more; whereas the benefit to the poorest is only modest. We examine the effects of potential pro-poor economic restructuring measures especially with regard to the improvements of efficiency parameters and redirection of factor endowments. Consequently, poor household transfer towards those activities which have higher multiplier effects of additional demand and transfer earning. Furthermore, redirection of factor endowments requires undergoing with the skill upgrade of poor labour to be conducive with higher economic growth.
- Subjects
SOCIAL accounting; ECONOMIC development; PRICES; FREE trade; SOCIALISTS
- Publication
Scientific Annals of the 'Alexandru Ioan Cuza' University of Iasi: Economic Sciences Series, 2013, Vol 60, Issue 1, p1
- ISSN
0379-7864
- Publication type
Article
- DOI
10.2478/aicue-2013-0016