Input-output analysis for an “open” system relates production rates for various sectors of an economy to stipulated final demands. However, it is well known that the conventional dynamic analysis usually does not yield results which approach smoothly to those of the static analysis. In this work, the dynamic analysis is cast into the form of a system dynamics model. A modification of the rule which governs sector production rates is introduced so that stable results are obtained which do approach those of the usual static input-output analysis. The system equations are further modified to incorporate time-lagged stock indices and damping in the production rate rule. Prices are handled throughout as in conventional input-output analysis.

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Date created

• 1981

Type

• Document

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• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

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• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
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ITEM CONTEXT

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e8eac154b3129692f26c222dbc2c9466

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Part of

4a97153f59047c298f3bcd6b15c284f5

Scope and Contents

Part of

23d738ba88f8333bc39725f9cb5bd0b8

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Collection

System Dynamic Society Records

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Collecting area

• This collection is part of the University Archives