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dc.contributor.authorManresa, Antonio, 1954--
dc.contributor.authorSancho Pifarré, Ferran-
dc.description.abstractHerein we consider Leontief and Ghosh models that partly endogenize both part of final demand and part of value-added. We use Osterhaven's [(2012) Adding Supply-driven Consumption Makes the Ghosh Model Even More Implausible. Economic Systems Research, 24, 101-111] numerical three-sector example to show that anomalies of the sort he finds for a Ghosh closed model can also be found in the closed version of a Leontief model. By assuming, as Oosterhaven did, that aggregate exogenous resources are fixed, we obtain mirror results to his in a Ghosh setting, albeit in the more-traditional Leontief instance. Such numerical anomalies for the three-sector case turn out to be generic to both partially closed models for any 2×2 input-output model. A proof for the general n×n case remains to be uncovered.-
dc.format.extent7 p.-
dc.publisherTaylor & Francis Group-
dc.relation.isformatofVersió postprint del document publicat a:
dc.relation.ispartofEconomic Systems Research, 2020, vol. 32, num. 1, p. 166-172-
dc.rights(c) The International Input-Output Association, 2020-
dc.subject.classificationModels matemàtics-
dc.subject.classificationModels lineals (Estadística)-
dc.subject.otherMathematical models-
dc.subject.otherLinear models (Statistics)-
dc.titleA Follow-up note on the plausibility of the Leontief and Ghosh closed models-
Appears in Collections:Articles publicats en revistes (Economia)

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