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In economics, an input–output model is a quantitative economic model that represents the interdependencies between different sectors of a national economy or different regional economies. Wassily Leontief (1906–1999) is credited with developing this type of analysis and earned the Nobel Prize in Economics for his development of ...
De nition 1.1.2.1. The Leontief Input-Output Model is given by: p = Mp + d De nition 1.1.2.2. The matrix Mis the consumption matrix. De nition 1.1.2.3. The consumption matrix is made up of consumption vec-tors. The j thcolumn is the j consumption vector and contains the necessary input required from each of the Sectors for Sector j to produce ...
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In the 1930's, Wassily Leontief used matrices to model economic systems. His models, often referred to as the input-output models, divide the economy into sectors where each sector produces goods and services not only for itself but also for other sectors.
Eine Form der volkswirtschaftlichen Gesamtrechnung ist die Input-Output-Analyse. Es ist das Verdienst von WASSILY LEONTIEF (1906 bis 1999; Nobelpreis für Ökonomie 1973), Zusammenhänge verschiedener Bereiche der Volkswirtschaft mithilfe von Matrizen (gleichungen) mathematisch erfasst und aufbereitet zu haben. Der Input stellt dabei das ...
6. Jan. 2022 · Summary. The introductory chapter recaps the genesis of the field of input–output or interindustry analysis as a widely utilized framework to analyze the interdependence of industries in an economy. The introduction chronicles how the input–output framework, conceived originally by Wassily Leontief in the 1930s, has matured over ...
A basic framework for their analysis is Leontief’s input-output model. After introducing the input-output model, we describe some of its connections to linear programming lecture. 37.2. Input output analysis# Let \(x_0\) be the amount of a single exogenous input to production, say labor \(x_j, j = 1,\ldots n\) be the gross output of final ...
24. Apr. 2022 · The conversion of the Leontief input–output model for regional economic analysis parallels the rise of the export base theory of regional economic growth. Indeed, the complementary nature of these two perspectives has been a major impetus for the study of regional economic change.
