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Price consistency in the Leontief model
[La cohérence des prix dans le modèle de Leontief]

Author

Listed:
  • Louis de Mesnard

    (CREGO - Centre de Recherche en Gestion des Organisations (EA 7317) - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UB - Université de Bourgogne - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE])

Abstract

The Leontief model actually uses two periods, base and current periods. The model is solved with current price indexes and the base technical coefficients. The corresponding physical model is monoperiodic: it is solved with the current prices and the current coefficients. The Leontief model is not coherent—both models diverge generally—unless the interindustry matrix of direct and indirect quantities of labor is stable over time. This implies that the vertically integrated labor coefficients are stable. This assumption is satisfied when the physical production coefficients and the physical labor coefficients are stable over time, two very strong assumptions.

Suggested Citation

  • Louis de Mesnard, 2016. "Price consistency in the Leontief model [La cohérence des prix dans le modèle de Leontief]," Post-Print halshs-01338092, HAL.
  • Handle: RePEc:hal:journl:halshs-01338092
    DOI: 10.3917/cep.071.0181
    as

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    Cited by:

    1. Bastien Dufau, 2020. "The influence of a carbon tax on cost competitiveness," Working Papers 2005, Chaire Economie du climat.
    2. Manuel De la Sen & Asier Ibeas & Santiago Alonso-Quesada, 2021. "On the Reachability of a Feedback Controlled Leontief-Type Singular Model Involving Scheduled Production, Recycling and Non-Renewable Resources," Mathematics, MDPI, vol. 9(17), pages 1-35, September.

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