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A Dynamic Input-Output Model with Renewable Resources

Dobos, Imre and Tallos, Péter (2011) A Dynamic Input-Output Model with Renewable Resources. Working Paper. Vállalatgazdaságtan Intézet, Budapest.

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Abstract

The paper studies a generalisation of the dynamic Leontief input-output model. The standard dynamic Leontief model will be extended with the balance equation of renewable resources. The renewable stocks will increase regenerating and decrease exploiting primary natural resources. In this study the controllability of this extended model is examined by taking the consumption as the control parameter. Assuming balanced growth for both consumption and production, we investigate the exhaustion of renewable resources in dependence on the balanced growth rate and on the rate of natural regeneration. In doing so, classic results from control theory and on eigenvalue problems in linear algebra are applied.

Item Type:Monograph (Working Paper)
Series Name:Műhelytanulmányok
Uncontrolled Keywords:Dynamical Systems, Eigenvalue Problem, Control Theory, Environmental Management
Subjects:Mathematics, Econometrics
Decision making
Logistics, production management
ID Code:362
Deposited By: Ádám Hoffmann
Deposited On:24 May 2011 15:33
Last Modified:03 Jul 2012 00:24

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