• DocumentCode
    815493
  • Title

    Some notes on the optimization of the gross national product of economies with nonlinear input-output technology

  • Author

    Sandberg, I.W.

  • Author_Institution
    Bell Telephone Laboratories, Murray Hill, NJ, USA
  • Volume
    19
  • Issue
    5
  • fYear
    1974
  • fDate
    10/1/1974 12:00:00 AM
  • Firstpage
    543
  • Lastpage
    546
  • Abstract
    We consider multisectored economies characterized by a not necessarily linear input-output operator A (\\cdot) which transforms each n -vector of total gross outputs into some n -vector of final demands. Attention is focused on cases in which some prime resource must be allocated throughout an economy which does not possess decreasing returns to scale. Some general results are proved concerning the nature of the solution of the problem of globally optimizing the Gross National Product. It is proved, for example, that under certain assumptions the absolute maximum value of the Gross National Product can be determined by solving n nonlinear equations, each in only one unknown, in which n is the number of sectors into which the economy is divided.
  • Keywords
    Economics; Nonlinear systems; Optimal control; Economic indicators; Nonlinear equations; Planning; Production; Telephony; Transforms;
  • fLanguage
    English
  • Journal_Title
    Automatic Control, IEEE Transactions on
  • Publisher
    ieee
  • ISSN
    0018-9286
  • Type

    jour

  • DOI
    10.1109/TAC.1974.1100647
  • Filename
    1100647