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Economic Systems Research Volume 2, 1990 - Issue 4
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Structure

The Instability of the Dynamic Input–Output Model

A. R. G. Heesterman The University of Birmingham, Edgbaston, Birmingham, B15 2TT, UK
Pages 351-356 | Published online: 28 Jul 2006
 
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Abstract

This article reviews the (closed version of) the dynamic input–output model, and the reasons why it is unstable. It is argued that programming models, which permit inequalities in the balance relations, are more realistic than the pure Leontief model.

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