Supply Quantitative Model à la Leontief

Ezra Davar

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DOI: 10.4236/me.2011.24072                

Abstract

This paper focuses on the supply quantitative model system of input–output, which is equivalent to the demand quantitative model system of Leontief. This model allows us to define the total supplied quantities of commodities for any given supplied quantity of primary factors, and consequently enables us to define the final uses of commodities. The supply quantitative model is based on the direct output coefficients of primary factors. The Hadamard Product is also used. The quantitative supply system models might be useful tools in planning the economics of countries that have higher unemployment of primary factors, especially labour.

Keywords

Leontief, Demand and Supply Quantitative Model, Output Coefficients, the Hadamard Product

Conflicts of Interest

The authors declare no conflicts of interest.

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