Yugoslavia - Self management socialism and the challenges of development (Vol. 6 of 6) : Appendix VIII

Report No. 1615a-YU IL V I Yugoslavia: Self-Management Socialism and the Challpnges nf Dpvplonmpnt (In Six lVolumes) Vnlr ime VI Appendix VIII March 21, 1978 Europe, Middle East and North Africa Region FOR OFFICIAL USE ONLY r-"cum.ent of th. ...e..rd 0wank^ This document has a restricted distribution and may be used by recipients only ini the perforiiman1e of thieir UIidi uULes. ts conitenLs may not otherwise be disclosed without World Bank authorization.  CURRENCY EQUIVALENTS Before January 23, 1971 1 US dollar = 12.5 dinars 1 Dinar = 8 US cents Fxro...Januuary 23, 1971 to Dece.Umber 2t2., 19171 I Uo UOdolar = 15.V U.LLLarL ; Dinar - 6.67 'uS cents From December 22, 1971 to July 12, 1973 1 US dollar = 17.0 dinars 1 Dinar = 5.89 US cents Since July 12, 1973 The Dinar has been floating. The rate of December 31,1977 was 1 US dollar = 18.445 dinars 1 Dinar = 5.42 US cents  CURRENCY EQUIVALENTS Before January 23, 1971 1 US dollar = 12.5 dinars 1 Dinar = 8 US cents From January 23, 1971 to December 22, i97i 1 US dollar = 15.0 dinars 1 Dinar = 6.67 US cents From December 22, 1971 to July 12, 1973 1 US dollar = 17.0 dinars 1 Dinar = 5.89 US cents Since July 12. 1973 The Dinar has been floatine. The rate of December 31,1977 was 1 US dollar = 18.445 dinars 1 Dinar = 5.42 US cents  FOR OFFICIAL USE ONLY APPEINDIX VIII INPUT-OUTPUT ANALYSIS FOR YUGOSLAVIA Introduction 1. This annex contains the methodology used, and the results obtained, in an inniit-outnut analysis for Yugoslavia.> Since the Dublication of the first input-output (10) table for 1955, Yugoslavia has published six 10 tables,, na-me1y- for the years 1958. 1962, 1966. 1968. 1970. and 1972. The IO tables of 1966 onward have been compiled based on the new structure of relative prices intrndilcrd nq nprt nf the 196S Prnnomir rpfnrms. Howpvpr; the tables of 1955-62 are based on a different structure of prices and this makes it difficult to compva them wit-nh the TO tahble nf later years. Thus, our analysis has been based solely on the IO tables of 1966-72. 2. The Yugoslavia IO tables are published at several different levels of seto _a_gregat_ _ _n, naw'y _ _ 16 29 .Q1r o aCnA O n senos Al #Al-e A _A*nk the 8, 16, and 29 sector levels of aggregation distinguish between domes- tically-produced and iLmportted compontents for eachLl entLLry, ini pa.rLicu.Lar, the intermediate input flows, which enable us to separate the total input- output coefficient matrix iLnto matrices o' domestic and imported coefficients. The 50- and 98-sector tables do not make such a distinction and since this distinction is quite useful in inter-industry analysis, tLhe LtUableb at LLLt 29-sector level of aggregation were used as the basic data. This sector classification includes 21 manufacturing industries, which is sufriciently detailed for the purpose of the analysis. 3. An example of the Yugoslav input-output table is given in Table I at the 8-sector level of aggregation. in the Yugoslav IO tables, product is used as the basic concept for defining sectors, and this is called the establishment principle of statistical accounting. 1/ The sectors included in the input-output tables are called productive sectors, being engaged in production of material goods and productive services. Thus, productive sec- tors are those engaged in agriculture, industry, construction, transport, trade, and handicrafts. The final demand vectors include expenditures for material inputs and productive services used by non-productive activities but excludes *services rendered by non-productive activities, such as rent, health, and education. 4. The value of intermediate inputs and final consumption goods is shown at producers' prices which include turnover tax. In cases where these are divided into domestic and imported products, the imported products are evaluated at the price of the imported good prevailing at the Yugoslav border plus customs duty. The value of a subsidy is included in the value of the products of the industry receiving the subsidy. Hence the actual unit value received by producers of these products is greater than the actual market price. 1/ If the predominant industry or the location of the main office of the work organization is used as the basic unit for defining sectors, the methods are called the organizational or territorial principle, respec- tivel y. l l~ This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  Ar .i . Si S 3 -$ I A - rR 2~~~~~~~~~~~: 3~~~~~2 2.. i 22 4 ..........v.. 11 1 *.4 23! 2s e3 oi T 9 2~ ~ ~~~~2 2 > _ _ * - e; i o Z~~~~2 _ 2 9 A