The Dynamic Leontief Model and the Theory of Endogenous Growth

Authors: Kurz H. D.¹; Salvadori N.²

Source: Economic Systems Research, Volume 12, Number 2, 1 June 2000 , pp. 255-265(11)

Publisher: Routledge, part of the Taylor & Francis Group

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Abstract:

This paper shows that the dynamic Leontief model can be interpreted as a linear model of endogenous growth. The long-term rate of growth is determined within the economic system - either as the outcome of the saving and investment behaviour of agents or as the outcome of some planner"s maximization of some objective function.

Keywords: DYNAMIC LEONTIEF MODEL; ENDOGENOUS GROWTH; SAVING; INVESTMENT

Language: English

Document Type: Research article

Affiliations: 1: Department of Economics, University of Graz, Resowi-Zentrum F4, Universitatsstrasse 15, A-8010, Graz, Austria. 2: Department of Economics, University of Pisa, Via C. Ridolfi 10, I-56100 Pisa, Italy.

Publication date: 2000-06-01

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