Construction of Financial Social Accounting Matrix for Tunisia
Manel Ayadi, Haykel Hadj Salem

Abstract
In recent years, the world economy faced several economic and financial crisis due to the financial globalization and the introduction of new financial product. The downturn of the US real estate crisis and the transmission of US financial crisis to the whole international financial systems were considered as the most serious crisis that economists haven’t anticipated. In order, to avoid such crisis impacts many economists suggest the construction of computable general equilibrium models (CGEM) as an instrument of macroeconomic analysis based on a neoclassical microeconomic foundation which enables us to expect the impact of economic and financial chocks on an economy. This model is based essentially on data provided by the Social Accounting Matrix. The objective of this paper is to present a clear and structured description of an aggregated financial Social Accounting Matrix as a database for a financial CGEM for the Tunisian economy for the year 2006.

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