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 […]

Small countries of "concession development"

The subgroup includes Jamaica, Suriname, Trinidad and Tobago, Gabon, Botswana, Papua New Guinea. In these countries, large reserves of oil, bauxite, copper were found, the development of deposits is carried out by concessions of the largest mining corporations. The economies of these countries are largely dependent on the prices of the world market for mining […]