Development of a regional social accounting framework for New Zealand

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Smith, N.J.; Zhang, Y.; Cardwell, R.J.; McDonald, G.W.; Kim, J.H.; Murray, C.F. 2015 Development of a regional social accounting framework for New Zealand. Lower Hutt, N.Z.: GNS Science. ERI research report 2015/01 64 p.; doi: 10.21420/G2R30Z

Abstract: The National and Regional Social Accounting Matrices described in this report provide a detailed description of the structure of the New Zealand economic system for the 2006–07 year. The ultimate purpose of creating national and regional Social Accounting Matrices (SAMs) for New Zealand is to provide datasets for use in assessing the economic impacts of social, environmental, and infrastructure policy modelling. The component accounts, which constitute the Social Accounting Matrix framework developed in this report, will be utilised in the application of Economic Impact Assessment, Input-Output Analysis, Environmental Input-Output Analysis, Ecological Footprinting, Decomposition Analysis, Supply-Chain Analysis, and in Computable General Equilibrium Modelling. The legitimacy of applied economic analysis requires reliable and updated databases, and in the case of regional economic model analysis, the use of the most appropriate regional datasets. This paper sets out the methods used to create national and regional SAMs for New Zealand. It provides a detailed reference for their creation, combining local characteristics of regional economies with aggregate features of the New Zealand economy. The SAMs are developed from data primarily sourced from Statistics New Zealand’s 2006–07 Supply-Use frameworks, Institutional Sector Accounts of the National Accounts, the Household Economic Survey, and the Harmonised System for Trade. Specifically, the national SAM records transactions for 106 industries, 205 commodities, 2 factors of production (labour and capital), enterprises, households, local and central government, direct and indirect taxes, savings and investment, and a rest-of-the-world account. The components of the regional SAMs are identical to the national SAM, except for the addition of a Rest of New Zealand account. (auth)