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Economic resources' allocation: A goal programming model integrated with a social accounting matrix.

Authors :
Sharify, Nooraddin
Source :
Soft Computing - A Fusion of Foundations, Methodologies & Applications. Jul2021, Vol. 25 Issue 13, p8197-8204. 8p.
Publication Year :
2021

Abstract

Countries generally aim to attain several different or sometimes contrary goals. To this end, a Goal Programming (GP) model integrated with an Input–Output (I-O) one was implemented in a number of previous studies. This paper attempts to integrate a GP with a Social Accounting Matrix (SAM) framework to allocate economic resources of an economy among alternative sectors in order to achieve a number of goals. To do so, although the goals and limitations of regions are determined with respect to their situations, the supply and demand for products of economic sectors, as well as Gross Regional Products (GRP); employment for different educational groups of human forces; and income distribution inequality in addition to the personal income mean are formulated as the first to third goals of the research, respectively. The model has been examined by using the SAM Table for the Golestan Province of Iran. The result of implementing the model demonstrates that integrating SAM instead of I-O with GP will increase the capability of the integrated model. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
14327643
Volume :
25
Issue :
13
Database :
Academic Search Index
Journal :
Soft Computing - A Fusion of Foundations, Methodologies & Applications
Publication Type :
Academic Journal
Accession number :
150893511
Full Text :
https://doi.org/10.1007/s00500-021-05746-w