Abstract
The dynamic input-output model is well known in economic theory and practice. In this paper, the asymptotic stability and balanced growth solutions of the dynamic input-output system are considered. Under some natural assumptions which do not require the technical coefficient matrix to be indecomposable, it has been proved that the dynamic input-output system is not asymptotically stable and the closed dynamic input-output model has a balanced growth solution.
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Schedule a callMore From: Applied Mathematics-A Journal of Chinese Universities
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