Hostname: page-component-78c5997874-s2hrs Total loading time: 0 Render date: 2024-11-01T20:10:14.815Z Has data issue: false hasContentIssue false
  • English
  • Français

On the dynamic analysis of a Leontief model with fixed capitial

Published online by Cambridge University Press:  17 February 2009

J. E. Woods
J. E. Woods
Affiliation:
Faculty of Economics and Politics, University of Cambridge, Sidgwick Avenue, Cambndge CB3 9DD, England
Rights & Permissions [Opens in a new window]

Abstract

Core share and HTML view are not available for this content. However, as you have access to this content, a full PDF is available via the ‘Save PDF’ action button.

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.

Type
Research Article
Information
The ANZIAM Journal , Volume 27 , Issue 4 , April 1986 , pp. 473 - 487
Copyright
Copyright © Australian Mathematical Society 1986

References

[1]Morishima, M., The theory of economic growth (Oxford, Clarendon Press, 1969).CrossRefGoogle Scholar
[2]von Neumann, J., “A model of general economic equilibrium”, Rev. Econom. Stud. 13 (1945–1946), 1–9.CrossRefGoogle Scholar
[3]Nikaido, H., Convex structures and economic theory, (London, Academic Press, 1968).Google Scholar
[4]Pasinetti, L. L., Lectures on the theory of production (London, Macmillan, 1977).CrossRefGoogle Scholar
[5]Sraffa, P., Production of commodities by means of commodities (Cambridge, Cambridge University Press, 1960).Google Scholar
[6]Woods, J. E., Mathematical economics (London, Longman Group, 1978).Google Scholar
[7]Woods, J. E., “Notes on Sraffa's fixed capital model”, J. Austral. Math. Soc. Ser. B 26 (1984), 200–232.CrossRefGoogle Scholar