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The Dynamic Leontief Model and the Theory of Endogenous Growth |
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| Authors: | Heinz D. Kurz Neri Salvadori |
| Affiliation: | 1. Department of Economics , University of Graz , Resowi-Zentrum F4, Universitatsstrasse 15, Graz , A-8010 , Austria;2. Department of Economics , University of Pisa , Via C. Ridolfi 10, Pisa , I-56100 , Italy |
| Abstract: | This paper shows that the dynamic Leontief model can be interpreted as a linear model of endogenous growth. The long-term rate of growth is determined within the economic system - either as the outcome of the saving and investment behaviour of agents or as the outcome of some planner's maximization of some objective function. |
| Keywords: | Dynamic Leontief Model Endogenous Growth Saving Investment |