A new approach to dynamic input-output m
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John K. Sharp; William R. Perkins
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Article
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1978
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Elsevier Science
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English
⚖ 253 KB
A new discrete-time dynamic input output economic model is proposed. A control system formulation is undertaken in which the rates of change of capital stock and production are used in the control (policy or instrument) vector. The model is a supply demand disequilibrium model, allowing excess deman