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- Title
SINGULAR DYNAMIC LEONTIEF SYSTEMS.
- Authors
Luenberger, David G.; Arbel, Ami
- 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.
- Subjects
ECONOMETRICS; ECONOMICS; ECONOMIC models; MATHEMATICAL economics; MATHEMATICAL models; INVESTMENTS; MATRICES (Mathematics); ECONOMIC demand; SUPPLY &; demand
- Publication
Econometrica, 1977, Vol 45, Issue 4, p991
- ISSN
0012-9682
- Publication type
Article
- DOI
10.2307/1912686