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2020-03-01

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Si us plau utilitzeu sempre aquest identificador per citar o enllaçar aquest document: https://hdl.handle.net/2445/179308

A Follow-up note on the plausibility of the Leontief and Ghosh closed models

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Recurs relacionat

https://doi.org/10.1080/09535314.2019.1650331

Resum

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.

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Models matemàtics, Models lineals (Estadística)

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Mathematical models, Linear models (Statistics)

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Articles publicats en revistes (Economia)

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MANRESA, Antonio and SANCHO PIFARRÉ, Ferran. A Follow-up note on the plausibility of the Leontief and Ghosh closed models. Economic Systems Research. 2020. Vol. 32, num. 1, pags. 166-172. ISSN 0953-5314. [consulted: 4 of August of 2026]. Available at: https://hdl.handle.net/2445/179308

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