Neumann's Model of an Expanding Economy

The classical (original) Neumann model is constructed under the following premises: An economy characterized by linear technology consists of industries, each of which has a finite number of production processes, i.e. several types of goods are produced, and joint activities of industries are allowed; production processes unfold in time, and the implementation of costs and […]

Key elements of cross-industry tables and cross-sectoral analysis

Cross-sectoral analysis is based on the use of statistical tables called “cross-sectoral”. The table of intersectoral balance describes the flows of goods and services between all sectors of the national economy during a fixed period of time (usually 1 year). The cross-sectoral balance sheet, expressed in terms of values, can be interpreted as a system […]