On Brody’S Conjecture: Facts And Figures From The Us Economy
AbstractBrody’s conjecture is submitted to an empirical test using input-output flow data of varying size for the US economy for the benchmark years 1997 and 2002, as well as for the period 1998-2010. The results suggest that the ratio of the modulus of the subdominant eigenvalue to the dominant one increases both with the size of the matrix and, for the same matrix size, over the years lending support to the view of increasing instability (in the sense of Brody) for the US economy over the period 1997-2010.
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Bibliographic InfoPaper provided by Department of Economics, University of Macedonia in its series Discussion Paper Series with number 2012_06.
Date of creation: May 2012
Date of revision: May 2012
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Actual economies; Brody’s conjecture; Eigenvalue distribution; Speed of convergence.;
Other versions of this item:
- Mariolis, Theodore & Tsoulfidis, Lefteris, 2012. "On Bródy’s conjecture: facts and figures from the US economy," MPRA Paper 43719, University Library of Munich, Germany.
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
- C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
- D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
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