TITLE:
Supply Quantitative Model à la Leontief
AUTHORS:
Ezra Davar
KEYWORDS:
Leontief, Demand and Supply Quantitative Model, Output Coefficients, the Hadamard Product
JOURNAL NAME:
Modern Economy,
Vol.2 No.4,
September
21,
2011
ABSTRACT: This paper focuses on the supply quantitative model system of input–output, which is equivalent to the demand quantitative model system of Leontief. This model allows us to define the total supplied quantities of commodities for any given supplied quantity of primary factors, and consequently enables us to define the final uses of commodities. The supply quantitative model is based on the direct output coefficients of primary factors. The Hadamard Product is also used. The quantitative supply system models might be useful tools in planning the economics of countries that have higher unemployment of primary factors, especially labour.