Bienenfeld’s approximation of production prices and eigenvalue distribution: some more evidence from five European economies
AbstractThis paper tests Bienenfeld’s polynomial approximation of production prices using data from ten symmetric input-output tables of five European economies. The empirical results show that the quadratic formula works extremely well and its accuracy is connected to the actual distribution of the eigenvalues of the matrices of vertically integrated technical coefficients.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 36282.
Date of creation: 30 Jan 2012
Date of revision:
Bienenfeld’s approximation; Damping ratio; Eigenvalue distribution; Empirical evidence; Production prices;
Find related papers by JEL classification:
- B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
- D46 - Microeconomics - - Market Structure and Pricing - - - Value Theory
- D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
- C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
- E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Institutional; Evolutionary
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