Linear equations and macroeconomic models

MaRDI QIDQ2730641zbMATH OpenFDO

Authors O. I. Ponomarenko

Publication date 8 August 2001

Published in U Sviti Matematyky (Search for Journal in Brave)

zbMATH Keywords

input-output economicsLeontief modellinear equationsmacroeconomics

Mathematics Subject Classification ID

Resource and cost allocation (including fair division, apportionment, etc.) (91B32) Production theory, theory of the firm (91B38) Macroeconomic theory (monetary models, models of taxation) (91B64)

Review text

Some applications of linear algebra in macroeconomics are described. An overview of various economic models is given. The matrix technique is used to study the Leontief model and its properties.

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• Introduction to matrix theory. With applications to business and economics
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Cited in

(2)

• Using an economics model for teaching linear algebra
• Sraffa and Leontief revisited. Mathematical methods and models of a circular economy

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