STEP-Change PhD Seminar Series | Quantitative Impact Assessment based on Supply and Use tables and the System of National Accounts
Tuesday, July 15, 2025 | 5:00 p.m.
EN:lab - Department of Energy - Bovisa Campus
"Terra" Room
Speaker:
Renato Paniccià (IRPET Head of Research – Regional Institute for Economic Planning of Tuscany)
Contacts:
Prof. Matteo Rocco | matteovincenzo.rocco@polimi.it
Prof. Matteo Giuliani | matteo.giuliani@polimi.it
EN:lab - Department of Energy - Bovisa Campus
"Terra" Room
Speaker:
Renato Paniccià (IRPET Head of Research – Regional Institute for Economic Planning of Tuscany)
Contacts:
Prof. Matteo Rocco | matteovincenzo.rocco@polimi.it
Prof. Matteo Giuliani | matteo.giuliani@polimi.it
Abstract
This seminar offers a critical examination of Supply and Use Tables (SUTs), which constitute a foundational element of the System of National Accounts (SNA). The presentation will illustrate both the analytical potential and the interpretative challenges associated with these tables, especially when they are applied outside of their original accounting framework.
Starting with a structural analysis of SUTs, the seminar will address the significance of key components—such as value added measured at basic versus purchaser prices, and the treatment of taxes and subsidies—and how misinterpretation of these elements can lead to misleading analytical conclusions.
A particular focus will be placed on the conceptual distinction between the ex-post accounting identities embedded in the SNA and the ex-ante behavioral identities used in macroeconomic models. By exploring these issues, the seminar aims to uncover the conceptual and methodological tensions that arise when national accounting frameworks are employed in hybrid applications, including environmental and energy modelling.
Through this exploration, the seminar encourages a more informed and critical use of national accounts data in quantitative impact assessment and sustainability analysis.
Please register here to attend the seminar.
Starting with a structural analysis of SUTs, the seminar will address the significance of key components—such as value added measured at basic versus purchaser prices, and the treatment of taxes and subsidies—and how misinterpretation of these elements can lead to misleading analytical conclusions.
A particular focus will be placed on the conceptual distinction between the ex-post accounting identities embedded in the SNA and the ex-ante behavioral identities used in macroeconomic models. By exploring these issues, the seminar aims to uncover the conceptual and methodological tensions that arise when national accounting frameworks are employed in hybrid applications, including environmental and energy modelling.
Through this exploration, the seminar encourages a more informed and critical use of national accounts data in quantitative impact assessment and sustainability analysis.
Please register here to attend the seminar.
Short Bio
Renato Paniccià is the Director of the research area "Intersectoral Analysis and Models, Energy and Environment" at IRPET – the Regional Institute for Economic Planning of Tuscany. He specializes in the development and application of cross-cutting analytical tools such as Input-Output models and Social Accounting Matrices (SAM), with a particular focus on their integration with environmental and energy dimensions. His research investigates the structural dynamics of regional economies and their interconnections with environmental and energy systems. At IRPET, he leads the construction and implementation of integrated environmental and energy Input-Output models to support regional planning and policy evaluation, particularly in the context of sustainable development strategies.
