The balance of resources

 

This is the basic income identity which is

 

 

where the model notation is

 

 

where

 

SEC = private consumption expenditure                            

 

Systems estimation:

SECNOND = expenditures on nondurables and services

SECDUR = expenditures on durables and semidurables

SECCAR = purchases of cars

SECCH = purchases by non-profit organisations

SECTOUR = tourist net purchases

 

SEGC = government consumption expenditure                

 

SEPSI = private sector investments                                 

 

SEBI = business investments                                           

 

SEHI = housing investments                                            

 

SEGI = government investments                                      

 

SEDS = inventory investments (changes in inventories)     

 

SEXG = exports of goods                                               

 

SEXS = exports of services                                             

 

SEMG = imports of goods                                              

 

SEMS = imports of services