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On the dynamic analysis of a Leontief model with fixed capitial
Published online by Cambridge University Press: 17 February 2009
Abstract
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In Convex Structures and Economic Theory, Nikaideo analysed, inter alia, a circulating capital Leontief model where final demand could exhibit either proportional or non-proporaitonal growth. This paper extends his analsis to a fixed capital modee. Analogues of Nikaido's results are derived for the closed model and for the open model under blaanced grwoth. However, the results obtained here for the open model with unbalanced growth are weaker than Nikaido's.
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- Copyright © Australian Mathematical Society 1986
References
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