Abstract
The article focuses on singular dynamic Leontief economic systems. A dynamic Leontief model of a multisector economy takes the form x(k)=Ax(k)±B[x(k±1)±x(k)]±d(k) where x(k) is the vector of output levels, d(k) is the vector of final demands(without investments), A is the Leontief input-output matrix and B is the capital coefficient matrix. A and B matrices are time invariant and are known. A solution to the set is called a trajectory of the Leontief system. Trajectories should be calculated recursively.
| Original language | English |
|---|---|
| Pages (from-to) | 991-995 |
| Number of pages | 5 |
| Journal | Econometrica |
| Volume | 45 |
| Issue number | 4 |
| DOIs | |
| State | Published - 1 May 1977 |
Keywords
- Econometrics
- Economics
- Economic models
- Mathematical economics
- Mathematical models
- Investments
- Economic demand
- Supply & demand
- Matrices