Please use this identifier to cite or link to this item:
http://hdl.handle.net/2445/179308
Title: | A Follow-up note on the plausibility of the Leontief and Ghosh closed models |
Author: | Manresa, Antonio, 1954- Sancho Pifarré, Ferran |
Keywords: | Models matemàtics Models lineals (Estadística) Mathematical models Linear models (Statistics) |
Issue Date: | 1-Mar-2020 |
Publisher: | Taylor & Francis Group |
Abstract: | Herein 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. |
Note: | Versió postprint del document publicat a: https://doi.org/10.1080/09535314.2019.1650331 |
It is part of: | Economic Systems Research, 2020, vol. 32, num. 1, p. 166-172 |
URI: | http://hdl.handle.net/2445/179308 |
Related resource: | https://doi.org/10.1080/09535314.2019.1650331 |
ISSN: | 0953-5314 |
Appears in Collections: | Articles publicats en revistes (Economia) |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
695346.pdf | 597.07 kB | Adobe PDF | View/Open |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.