Houba, H. and Kremers, H. (1991). Correction of the material balance equation in dynamic input-output models European Economic Review, 35(5):1103--1108.

Affiliated author

Harold Houba
Publication year

1991

Journal

European Economic Review

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The material balance equation in a dynamic input-output model incorporating capital hinges very much on the assumption one makes with respect to the kind of capital. In this paper we mention two different kinds of capital and analyse the consequences for the specification of the material balance equation of an established dynamic input-output model.