A CONTINUOUS LEONTIEF DYNAMIC INPUT‐OUTPUT MODEL

Thomas Johnson

Papers in Regional Science, 1985, vol. 56, issue 1, 177-188

Abstract: ABSTRACT This paper extends the Leontiet dynamic input‐output model by incorporating continuous lags, capacity constraints, excess capacity and limits on disinvestment in each sector. These extensions result in “phase changes”, where sectors discretely change from one set of conditions to another. The resulting system of equations is “solved” by numerical methods and applied to the U.S. economy. Projections for the 1952 to 1962 period are compared with actual levels.

Date: 1985
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https://doi.org/10.1111/j.1435-5597.1985.tb00846.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:presci:v:56:y:1985:i:1:p:177-188

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