A Dynamic Leontief Model with Non-renewable Resources
AbstractIn this paper we study a generalization of the dynamic Leontief input-output model. We extend the standard dynamic Leontief model with the balance equation of non-renewable resources. Obviously, the non-renewable stocks will decrease, exploiting primary resources. In this study we examine the controllability of this extended model by taking the consumption as the control parameter. Assuming balanced growth for both consumption and production, we investigate how long these scarce resources will cover the input needs of production and how the lifetime of the system depends on the balanced growth rate and on the consumption. In doing so, we apply classic results from control theory and on eigenvalue problems in linear algebra.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Economic Systems Research.
Volume (Year): 17 (2005)
Issue (Month): 3 ()
Contact details of provider:
Web page: http://www.tandfonline.com/CESR20
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Dobos, Imre & Floriska, Adel, 2007. "The resource conservation effect of recycling in a dynamic Leontief model," International Journal of Production Economics, Elsevier, vol. 108(1-2), pages 334-340, July.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.