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
which transforms each
-vector of total gross outputs into some
-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
nonlinear equations, each in only one unknown, in which
is the number of sectors into which the economy is divided.
which transforms each
-vector of total gross outputs into some
-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
nonlinear equations, each in only one unknown, in which
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
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