BEHAVIOR OF ECONOMIC FLOWS IN BRAZIL AFTER THE GLOBAL FINANCIAL CRISIS

ANALYSIS FROM THE BRAZILIAN FINANCIAL AND SOCIAL ACCOUNTING MATRICES 2010-2017

Abstract

The search for methodologies that provide an analysis of the relationship between the real and financial part of the economy has become more intense since the global crisis. The approach of the Financial and Social Accounting Matrix (F-SAM) appears in this context, as it presents a broad base data, containing flows of production, income flows and financial flows between economic agents. The objective of this paper is to present the F-SAM for the Brazilian economy, updated for the period from 2010 to 2017 and to analyze the behaviour of economic flows in the economy after global financial crise. The methodology follows Burkowski, Perobelli e Perobelli (2016), which uses Input-Output Matrices and the Integrated Economic Accounts. The F-SAM contains 216 rows and columns, of which 128 are goods and services, 68 productive sectors, 3 factors, 4 institutional sectors in current and capital accounts, 8 financial instruments and include transactions with abroad. There was a reduction in intermediate consumption, an increase in the dependence on transfers as a source of income, a reduction in savings, in investments and in financial flows with external economies.