Bienenfeld’s approximation of production prices and eigenvalue distribution: some more evidence from five European economies

Fotoula Iliadi, Theodore Mariolis (), George Soklis and Lefteris Tsoulfidis ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper tests Bienenfeld’s polynomial approximation of production prices using data from ten symmetric input-output tables of five European economies. The empirical results show that the quadratic formula works extremely well and its accuracy is connected to the actual distribution of the eigenvalues of the matrices of vertically integrated technical coefficients.

Keywords: Bienenfeld’s approximation; Damping ratio; Eigenvalue distribution; Empirical evidence; Production prices (search for similar items in EconPapers)
JEL-codes: B51 C67 D46 D57 E11 (search for similar items in EconPapers)
Date: 2012-01-30
New Economics Papers: this item is included in nep-hme
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:36282

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