5.3. Conclusion
The reason why I have combined SUT/I-O Analysis with the
Economic Development of Rwanda is because SUT/I-O analysis has a key role to
play in the perspective analysis of Economic Development of Rwanda. Much
analysis of economic development of Rwanda needs to be on economy wide basis
(e.g. development planning) and this suggests the need for macro-economic
approach; most macro-models however are so highly aggregated that they must
perforce assume a degree of resource mobility which is just not present in
Rwanda. The only answer seems to be SUT/input-output analysis, which is macro
in terms of its coverage and get «micro» in terms of its approach.
The interface of SUT and economic development is one of the
most exciting and most challenging fields of system of National Accounting. It
involves relevant aspects such as planning, budgeting, auditing, taxation,
finance, programming, capital formation, project appraisal, and yet others
which pertain the overall aim of economic development at both micro and macro
levels.
This study was designed to highlight the role of SUT and its
wider range of responsibilities imposed on accountant in developing country
like Rwanda, and how it demands a high level of intellectual calibre, knowledge
and capacity, and determination so that the accountant responds to the needs of
economic development process of Rwanda.
However, a vast amount of work is still ahead. It is a
challenge to which national accountants are able to respond effectively and
which can best be accomplished by our commitments, evaluation and coordination
of our capacities and cooperation. Underlying these should be a profound and
clear understanding of the relationship between SUT and satellite accounts and
their socio-economic environment, and their impacts on economic development of
Rwanda.
The high growth throughout rural areas was due in part to the
implementation of Vision 2020 throughout RSSP and EDPRS. The implementation of
vision 2020 has increased the capacity of rural and urban population by helping
them to improve their living conditions, income, and all those have a positive
impact on productivity and output and lead to the improvement in SUT and
increasing in GDP.
The combination of GDP with living conditions indicators or
social well-being indictors are used to measure economic development of Rwanda.
Therefore the HDI remain the perfect model to measure economic development and
the role of SUT in this model has been analyzed in the 2nd chapter
of methodology and along the 4th chapter.
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