Social aspects of economic readjustment in Hungary: A consideration of the role of social-economic indicators

Social Accounting Matrices have been used as a means of analysing national economic structure but it is argued in this paper that their usefulness could be enhanced if they were designed to include compatible sets of socio-economic indicators which might reflect physical stocks and flows rather than strictly monetary flows. This paper considers ways in which this might be accomplished, giving particular consideration to optional approaches based on economic, social and quality of life indicators. Three approaches to providing supplementary information to the conventional Social Accounting Matrix model are considered. These include the incorporation of indicators of characteristics of households, the disaggregation of data to a geographical base and use of indicators of social attitudes and expectations. Although work continues on the first two of these suggestions, certain results concerning the third are presented. A consideration is given to the use of available secondary data to meet the needs identified. It is shown, however, that such information fails to meet the objectives of the study for various reasons. It is concluded that the necessary data can only be collected by surveys. Preliminary results of a survey carried out in Hungary beginning in May 1991 by Gallup/Hungary are presented. This information reflects attitudes of the population toward changes which are taking place and would seem to provide a means of estimating perceptions of changes in expected quality of life that result from the current efforts toward economic readjustment in Hungary.