PL EN


2004 | 51 | 10 | 924-935
Article title

The closed dynamic Leontief model. Solutions and interpretations

Authors
Title variants
Languages of publication
HU
Abstracts
EN
The paper describes three solutions to the closed (homogenous) dynamic model, all leading to an identical growth rate and the same price and quantitative proportions. However, the different operations performed with the data for the current and capital-outlay coefficients mean that the three versions produce dissimilar matrices. Three disparate, but not mutually contradictory economic and theoretical interpretations are possible. It also emerges that calculation of the equilibrium position does not rest on maximization in the case of any of the methods. Efforts to maximize profits or growth depart from the equilibrium path instead of approaching it. For this reason, disproportionate capacities accumulate.
Year
Volume
51
Issue
10
Pages
924-935
Physical description
Document type
ARTICLE
Contributors
author
  • A. Brody, address not given, contact the journal editor
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
06HUAAAA00651634
YADDA identifier
bwmeta1.element.8990deb9-7842-3ff8-b7de-e3ad5e16ccff
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.