Property income from-whom-to-whom matrices: A dataset based on financial assets–liabilities stocks of financial instrument for Spain

Abstract

A common problem in compiling and updating Social Accounting Matrices (SAM) or Input-Output tables is that of incomplete information. In the case of the submatrix ‘Property Income of the Account Allocation of Primary Income’, the information published by the National Bureau of Statistics of Spain (INE) is limited because it is not possible to build the set of from-whom-to-whom sub-matrix on income interest, dividends, securities and rents with only the subtotals presented in the Integrated Economic Accounts (IEA). This because the income distribution received and paid for by each institutional sector required for a financial SAM is not available, i.e. the INE does not break down the data by institutional destination and source. In this sense, our contribution rely on estimating a complete series of from-whom-to-whom matrices of Property Income for the Spanish economy between 1999 and 2016, in which we have devoted special attention to staying in line with the Data Gaps Initiative (DGI-2) recommendation released by the Financial Stability Board (FSB) and the International Monetary Fund (IMF), claiming that more focus is needed on data sets that support the monitoring of risks in the financial sector in response to regulatory and macro-financial emerging policy needs).

Euro Area Income and Wealth Effects: Aggregation Issues*

“…Property income, from which direct taxes are also deducted on a pro rata basis, is the sum of gross operating surplus excluding mixed income, net interest income and net other property income. More information on these property income items can be found in Pedauga et al, (2018). Transfer income is then the remaining component, that is, total disposable income less labour and property income.…”

XIII. International Conference on Logistics in Agriculture 2019: Conference Proceedings

“…The economic function of the budget derives from the instruments used by the state to achieve its objectives through policies of the expenditures and revenues, since it directly affects the distribution of domestic gross product (GDP). Total public spending through the budget is linked to economic policy and goals to be achieved in the distribution and redistribution of the social product (Pedauga et al 2018).…”

Dependence of property incomes and social contributions as indicators of agro-budgetary policy management

“…Space should be given to private capital that will be motivated for investment in the crucial sectors of the economy. The best mechanism to motivate private equity holders to invest their capital is to decrease interest rates (Pedauga et al, 2018).…”