Return of the capital coefficients matrix
| Autor: | Albert E. Steenge, Rachel C. Reyes |
|---|---|
| Přispěvatelé: | Research programme GEM |
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
Dynamic input-output analysis
Economics and Econometrics post-disaster reconstruction 05 social sciences 010501 environmental sciences 01 natural sciences Set (abstract data type) MODEL Matrix (mathematics) Core (game theory) Capital (economics) 0502 economics and business Econometrics Production (economics) THEOREM capital coefficients matrix 050207 economics 0105 earth and related environmental sciences Mathematics |
| Zdroj: | Economic Systems Research, 32(4), 439-450. ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD |
| ISSN: | 0953-5314 |
| Popis: | A core ingredient of post-disaster input–output recovery models is the reconstruction of lost production capacity. Therefore, one would expect a set of models endowed with capital coefficients matrices to be available for analysis. However, this is not the case, possibly due to earlier negative experiences with such models. Nevertheless, in this paper, we aim to show that there is a class of problems that can be addressed successfully with a dynamic input–output model with a fully functioning capital coefficients matrix. We put forward that if reconstruction is tightly planned, investment and therewith gross output essentially become pre-determined. This also means that traditional final demand becomes an endogenous residual, with the model being transformed into a distribution and allocation model. We begin with a reordering of variables and equations as proposed in Leontief’s dynamic inverse, and then move on directly to the newly proposed model. Suggestions for further work are given. |
| Databáze: | OpenAIRE |
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