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Equilibrium, Stability and Growth
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Equilibrium, Stability and Growth: A Multi-Sectoral Analysis

Michio Morishima

Abstract

This book brings together papers that were published by the author in several journals, and which have been revised and contain some new material. The main model carried through the whole book is Leontief's input–output system, which is dynamized from various points of view. Chapter 1 discusses formal similarities between the exchange equilibrium under weak gross substitutability and the static input–output system. Chapter 2 is concerned with the stability of the mixed Walras–Leontief system. Chapters 3 and 4 are companion chapters dealing with a mixture of the dynamic Leontief system and the ... More

Keywords: capital formation, economic expansion, economic growth, equilibrium, exchange equilibrium, homogeneous functions, input–output, Leontief models, Leontief's input–output system, multisectoral analysis, negative matrices, non‐linear functions, stability, substitutability, von Neumann model, Walrasian model of capital formation, Walras–Leontief system

Bibliographic Information

Print publication date: 1963 Print ISBN-13: 9780198281450
Published to Oxford Scholarship Online: November 2003 DOI:10.1093/0198281455.001.0001

Authors

Affiliations are at time of print publication.

Michio Morishima, author