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- W5777301 abstract "The chapter describes linear techniques and the economy. At the national level, the scale of the numerical side of the problem is large. The economy is an extremely complex system and difficulties of definition of activities, problems of data acquisition and sheer size of a full activity table prohibit the straightforward extension of the optimization techniques mentioned earlier. Nevertheless, mathematical programming has been shown to be useful on at least two important fronts. Firstly, the algebraic formulations enable a considerable amount of theoretical housekeeping to be carried out on the existence and characteristics of competitive equilibria and welfare criteria. Secondly, by making appropriate simplifications to the structure of the economy, it is possible to move from statements of national accounts to a quantitative model that can both indicate how future targets might be met, and also how specific quantities might be affected by policy changes. In this way, it is possible to find sufficient data to build up a useful activity table." @default.
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- W5777301 date "1975-01-01" @default.
- W5777301 modified "2023-09-27" @default.
- W5777301 title "Linear Techniques and the Economy" @default.
- W5777301 doi "https://doi.org/10.1016/b978-0-12-085750-0.50013-3" @default.
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