The Impact of Electricity Price Adjustment on National Economy Based on SAM Multiplier Analysis

Abstract

Through collecting official statistics as much as possible, 2005 social accounting matrix (SAM) of China is built up. Based on the 2005SAM, the method of matrix multiplier is adopted in the analysis of the impact of electricity price adjustment on the departments of national economy and the quantification of the impact. It is revealed that the impact of multiplier on capital account (the expenditure of capital factor) is the greatest in all of the multiplier effect of endogenous accounts. From the point of view of the industry, the impact of electricity price adjustment on the industries of manufacturing of electric machinery and equipment and the industry of petroleum processing and chemical products is great. In terms of correlation, coal mining and dressing industry is in great correlation with electric power industry; Agriculture has great impetus as a result of the cyclic effect of income.