A note on András Bródy's study entitled 'Leontief's closed dynamic model'

• Authors: Dobos Imre
• Languages of publication: HU

Abstracts

EN

András Bródy presents in his study three methods of finding an equilibrium solution to the closed dynamic input-output model. The one of the three that this study analyses is the classical solution recommended by Leontief. The route to a solution is through the determination of own values, which leads to the problem of a generalized eigen-value/ eigen-vector, due to the singularity of the capital matrix. Following Bródy's numerical example also shows that the equilibrium solution is only non-negative in the long term if the path of the economy follows the Neumann ray.

Keywords

EN

ECONOMIC GROWTH AND AGGREGATE PRODUCTIVITY; ECONOMIC GROWTH MODELS; GENERAL EQUILIBRIUM AND DISEQUILIBRIUM; INPUT–OUTPUT MODELS; INPUT–OUTPUT TABLES AND ANALYSIS

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Committee for Economic Sciences of the Hungarian Academy of Sciences
• Journal: Kozgazdasagi Szemle (Economic Review)
• Year: 2007
• Volume: 54
• Issue: 11
• Pages: 1004-1011
• Document type: ARTICLE

Contributors

author

Dobos Imre

• Imre Dobos, no address given, contact the journal editor

Identifiers

CEJSH db identifier

10HUAAAA078518