Journal of Economics, Vol. 84, No. 1 (February 2005), pp. 71-94 (24 pages) Economic systems often are described in matrix form as x = Mx. We present a new theorem for systems of this type where M is ...

This paper examines three hypotheses central to the Leontief economic input-output model: (1) constant dollar coefficients are more stable than current dollar coefficients; (2) the intermediate ...

This paper sets out the key concepts necessary to calculate trade in value added using input-output tables. We explain the basic structure of an input-output table and the matrix algebra behind the ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

An Economic Model “Further development of input-output analysis and the realization of its potentialities for informed and rational decision-making at all levels of economic life call for detailed and ...