Abstract
The Dynamic Variable Input-Output (VIO) model extends the static single regional version of the Multiregional Variable Input-Output (MRVIO) model which is a general equilibrium model applied to the Leontief Input-Output model. The Dynamic VIO model which incorporates time dimensions can describe the real situation more accurately while maintaining the computational simplicity. Under the model, the investment expenditures are directly linked with the profit maximizing behavior of firms. Both technical coefficients and capital stock requirement coefficients include price terms, and they become variable instead of being fixed.
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