Comparative Static Analysis of the Simplest Input‐Output System

Michio Morishima

in Equilibrium, Stability and Growth

Published in print March 1963 | ISBN: 9780198281450
Published online November 2003 | e-ISBN: 9780191596650 | DOI:
 Comparative Static Analysis of the Simplest Input‐Output System

Show Summary Details


This chapter discusses formal similarities between the exchange equilibrium under weak gross substitutability and the static input–output system as represented by various Leontief‐type models. By algebraic operations alone (no infinite processes being used), it is seen that the Hicksian laws of comparative statics and the Le Chatelier–Samuelson principle hold in both systems.

Keywords: exchange equilibrium; Hicksian laws of comparative statics; input–output; Le Chatelier–Samuelson principle; Leontief models; Leontief's input–output system; substitutability

Chapter.  10033 words.  Illustrated.

Subjects: Economic Development and Growth

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.