Consequences of the Covid-19 Pandemic in the European Union from the Perspective of General Government Finances - an Analysis Based on the Social Accounting Matrix

• Autorzy: Joanna Trębska

Warianty tytułu

Skutki pandemii COVID-19 z perspektywy finansów sektora instytucji rządowych i samorządowych w gospodarkach Unii Europejskiej. Analiza na podstawie macierzy rachunkowości społecznej

• Języki publikacji: EN

Abstrakty

EN

The aim of the paper is to assess the effects of the COVID-19 pandemic from the perspective of income circulation processes in the economies of the European Union. The empirical study is based on statistical data compiled according to ESA2010 standards, published by the European Commission in the Eurostat database. The fundamental quantitative relationships between entities grouped into institutional sectors have been synthetically presented in the form of a social accounting matrix (SAM). The analyses of simple macroeconomic indicators show the growing importance of the government sector due to the pandemic. This is evidenced by the growing involvement of this sector in consumption, accumulation and income redistribution between institutional sectors. Simulation analyses based on the SAM model determine to what extent the contribution of the government sector to GDP results directly through feedback loops from final demand and to what extent from current and capital transfers. (original abstract)

Przedmiotem analiz przedstawionych w niniejszym artykule jest ocena skutków pandemii COVID-19 z perspektywy procesów cyrkulacji dochodów w gospodarkach Unii Europejskiej. Badanie empiryczne opiera się na danych statystycznych opracowanych według standardów ESA 2010, publikowanych przez Komisję Europejską. Podstawowe ilościowe relacje zachodzące między podmiotami pogrupowanymi w sektory instytucjonalne, zostały syntetycznie przedstawione formie macierzy rachunkowości społecznej (SAM). Analizy prostych wskaźników makroekonomicznych pokazują wzrost znaczenia sektora rządowego w obliczu pandemii. Świadczy o tym wzrost zaangażowania tego sektora w konsumpcję, akumulację, a przede wszystkim w proces redystrybucji dochodów między sektorami instytucjonalnymi. Analizy symulacyjne przeprowadzone w oparciu o model SAM pozwoliły na wskazanie w jakim stopniu wkład sektora instytucji rządowych i samorządowych w tworzenie PKB wynika (bezpośrednio i poprzez sprzężenia zwrotne w gospodarce) z jego popytu finalnego, a w jakim z transferów bieżących i kapitałowych. (abstrakt oryginalny)

Słowa kluczowe

EN

Pandemic; COVID-19; Social Accounting; Public finance; Local government finance; Social Accounting Matrix (SAM)

PL

Pandemia; COVID-19; Rachunkowość społeczna; Finanse publiczne; Finanse samorządu terytorialnego; Macierz Rachunków Społecznych

• Czasopismo: Zeszyty Naukowe SGGW w Warszawie. Polityki Europejskie, Finanse i Marketing
• Rocznik: 2023
• Numer: nr 29 (78)
• Strony: 125--142

Twórcy

autor

Joanna Trębska

• University of Lodz, Poland

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Identyfikatory

DOI

10.22630/PEFIM.2023.29.78.9