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A new approach to dynamic input-output models

✍ Scribed by John K. Sharp; William R. Perkins


Publisher
Elsevier Science
Year
1978
Tongue
English
Weight
253 KB
Volume
14
Category
Article
ISSN
0005-1098

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✦ Synopsis


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 demand to exist at any time. The exogenous final demand is modeled as a disturbance input.


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