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Leontief Economic Models

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Presentation on theme: "Leontief Economic Models"— Presentation transcript:

1 Leontief Economic Models
Zach and Andrew

2 Closed Models- Example 1

3 Closed Models- Example 1

4 Closed Models- Example 1

5 Closed Models- Example 1

6 Closed Models- Example 2

7 Closed Models- Theorem
Let 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.

8 Open Models- Explanation

9 Open Models- Explanation

10 Open Models- Example 1

11 Open Models- Productivity

12 Open Models- Productivity


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