Input-Output Production Structure and Non-Linear Production Possibility Frontier | |
Jiang, Weimin2; Fan, Jin2; Tian, Kailan1 | |
刊名 | JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY |
2020-11-07 | |
页码 | 18 |
关键词 | Input output analysis marginal rate of transformation non-substitution theorem production possibility frontier |
ISSN号 | 1009-6124 |
DOI | 10.1007/s11424-020-9079-y |
英文摘要 | Input-output (Leontief) production function is widely used in economic analysis. And diminishing marginal rate of return is a very well accepted economic fact. Leontief production function normally results in a linear production possibility frontier (PPF) due to its linear feature, whereas diminishing marginal rate of return implies a non-linear PPF. In this paper, the authors aim to fix this problem by considering multiple primary inputs in a simplified two-sector economy. The authors find that it is possible to curve a non-linear PPF by using Leontief production function when the authors add heterogeneous primary inputs. The authors also discuss the PPF using non-linear production function. Furthermore, the authors propose that three commonly used economic presumptions cannot hold in the same framework. These presumptions are "single primary input", "fixed-proportion inputs" and "law of diminishing marginal returns". |
资助项目 | China Postdoctoral Science Foundation[2020M671504] ; National Social Science Foundation of China[14AZD085] ; National Natural Science Foundation of China[71373106] ; National Natural Science Foundation of China[71903186] |
WOS研究方向 | Mathematics |
语种 | 英语 |
出版者 | SPRINGER HEIDELBERG |
WOS记录号 | WOS:000587281000017 |
内容类型 | 期刊论文 |
源URL | [http://ir.amss.ac.cn/handle/2S8OKBNM/52454] |
专题 | 中国科学院数学与系统科学研究院 |
通讯作者 | Fan, Jin |
作者单位 | 1.Chinese Acad Sci, NCMIS, Acad Math & Syst Sci, Beijing 100190, Peoples R China 2.Nanjing Forestry Univ, Coll Econ & Management, Nanjing 210037, Peoples R China |
推荐引用方式 GB/T 7714 | Jiang, Weimin,Fan, Jin,Tian, Kailan. Input-Output Production Structure and Non-Linear Production Possibility Frontier[J]. JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY,2020:18. |
APA | Jiang, Weimin,Fan, Jin,&Tian, Kailan.(2020).Input-Output Production Structure and Non-Linear Production Possibility Frontier.JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY,18. |
MLA | Jiang, Weimin,et al."Input-Output Production Structure and Non-Linear Production Possibility Frontier".JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY (2020):18. |
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