Some applications of spectral theory of nonnegative matrices to input-output models

DOI10.1016/S0024-3795(01)00324-XMaRDI QIDQ5954854zbMATH OpenWikidataFDO

Authors Lisheng Zeng

Publication date 23 October 2002

Published in Linear Algebra and its Applications (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/S0024-3795(01)00324-X

zbMATH Keywords

\(M\)-splittingbalanced growth solutionbasic characteristic subvectorFrobenius normal forminput-output modeliteration matrixnonnegative matricespositive eigenvectorreducibility

Mathematics Subject Classification ID

Eigenvalues, singular values, and eigenvectors (15A18) Canonical forms, reductions, classification (15A21) Positive matrices and their generalizations; cones of matrices (15B48) Economic growth models (91B62) Multisectoral models in economics (91B66)

Review text

Nonnegative matrices are considered in the (lower triangular) Frobenius normal form.NEWLINENEWLINENEWLINEA necessary and sufficient condition is given for the existence of a unique positive eigenvector \(R\) of such a matrix \(T\). In the case of reducible matrices \(T\) the concept of the basic characteristic subvector of \(T\) is introduced and it is emphasized that the eigenvector \(R\) has a basic characteristic subvector \(R_1\) and each remnant component of \(R\) is positive and it is a linear function of the components of \(R_1\); the analytic expression of this linear function is given. This result is applied to obtain a necessary and sufficient condition for the existence of a unique positive eigenvector of the iteration matrix \(M^{-1}N\) where \(M-N\) is an \(M\)-splitting (i.e. \(M\) is a nonsingular \(M\)-matrix and \(N\) is a semipositive square matrix).NEWLINENEWLINENEWLINEA necessary and sufficient condition is derived for the existence and uniqueness of a balanced growth solution (BGS) for the Leontief dynamic input-output model and the economic meaning of these concepts and results is emphasized.NEWLINENEWLINENEWLINEBy duality, similar results for the existence and uniqueness of both BGS and production prices are obtained. Some examples illustrate the usefulness of this theory.

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Cites work

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Cited in

(15)

• Fuzzy eigenvalues and input-output analysis
• Perturbations of M-matrices via ABS methods and their applications to input-output analysis
• Conditions for strict inequality in comparisons of spectral radii of splittings of different matrices
• Looking for nonnegative solutions of a Leontief dynamic model.
• Parameter identification of a class of economical models
• Effects of changes in outputs and in prices on the economic system: an input-output analysis using the spectral theory of nonnegative matrices
• On a class of nonnegative matrices in mathematical economics model
• Idempotent analogs of theorems on nonnegative matrices and their applications to the analysis of economic information
• scientific article; zbMATH DE number 4152591 (Why is no real title available?)
• scientific article; zbMATH DE number 2141155 (Why is no real title available?)
• Positive solutions of a discrete-time descriptor system
• Existence and uniqueness of solutions for Leontief's Input–Output Model, graph theory and sensitivity analysis
• Hierarchical open Leontief models
• A note on the resolvent of a nonnegative matrix and its applications
• Conditions for some balances of economic system: an input-output analysis using the spectral theory of nonnegative matrices

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