Correction of the material balance equation in dynamic input-output models

Harold Houba*, Hans Kremers

*Corresponding author for this work

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

The material balance equation in a dynamic input-output model incorporating capital hinges very much on the assumption one makes with respect to the kind of capital. In this paper we mention two different kinds of capital and analyse the consequences for the specification of the material balance equation of an established dynamic input-output model.

Original languageEnglish
Pages (from-to)1103-1108
Number of pages6
JournalEuropean Economic Review
Volume35
Issue number5
DOIs
Publication statusPublished - Jul 1991

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