The Dynamized Leontief Model
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We now make some restrictive assumptions. We assume B, the matrix of output-coefficients, to be a unit matrix instead of an (arbitrary) aggregation matrix. This is the standard Leontief assumption of one and only one good, and one and only one process for each sector. We may think that this is in fact because other processes are uneconomical, but we will not consider the formal specification of alternative processes nor of complementary outputs.
KeywordsCapital Stock Capital Good Economic Planning Balance Growth Efficiency Price
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