All-engaging Systems |
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Authors: | Christan Bidard |
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Institution: | Department of Economics , University of Paris X-Nanterre , MODEM, 200 Avenue de la République, Nanterre Cedex, F-92001, France E-mail: christian.bidard@u-paris10.fr |
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Abstract: | A multiple product system is represented by a couple of matrices that describe the inputs and outputs of every process. Under specific assumptions on the matrices, the economy behaves like a single-product system, at least locally. It is called ‘all-engaging’ if the economy is indecomposable and ‘all-productive’ otherwise. An exhaustive study of the mathematical and economic properties is proposed. This approach is useful to formalize the notion of sector. |
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Keywords: | All-engaging systems decomposability joint production Leontief von Neumann sector Srajfa |
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