Leontief Economic Models

Leontief Economic Models

Zach and Andrew

Closed Models- Example 1

Closed Models- Example 1

Closed Models- Example 1

Closed Models- Example 1

Closed Models- Example 2

Closed Models- TheoremLet E be an exchange matrix such that for some positive integer m all the entries of E^m are positive. Then there is exactly one linearly independent solution of (I-E)p = 0, and it may be chosen so that all its entries are positive.

Open Models- Explanation

Open Models- Explanation

Open Models- Example 1

Open Models- Productivity

Open Models- Productivity