Trade imbalance in an input-output model
type: Item
instance of: scholarly article
title: Trade imbalance in an input-output model
zbMATH Open document ID: 0656.90024
DOI: 10.1016/0895-7177(88)90180-X
published in: Mathematical and Computer Modelling
publication date: 1988-01-01T00:00:00Z
review text: We propose an input-output model for two countries, that covers the trade flows between these countries. We show that when surpluses and/or shortages emerge in the production processes, these can be adjusted by changing the production level. In general, it is possible for the two countries to satisfy each others needs exactly. The model is set up for the case where both countries export to and import from each other. It consists of a quantity and a price side. Conditions for strictly positive solutions are given. Trade imbalance emerges when we consider unilateral trade, development aid is covered by the model also.
Mathematics Subject Classification ID: 91B66
zbMATH DE Number: 4072669
zbMATH Keywords: two countries
zbMATH Keywords: trade flows
author: Erik Dietzenbacher
MaRDI profile type: Publication
cites work: Q3943082
cites work: Q3685517
cites work: Q3254327
cites work: Q3204937
full work available at URL: 0895-7177(88)90180-x
OpenAlex ID: W1987437320
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description: scientific article; zbMATH DE number 4072669