1. Input and Output Analysis -The Leontief Models
Since the total consumption within the system for any given industry is found in the total of the coefficients of the columns, each column will add to 1 in a closed model. The problem that needs to be solved is to be able to satisfy the demands of the industries involved. ... In order to solve for an vector that makes the equality true, some algebra can be done first: The solution that will solve this is an eigenvector. 2.3 The Relation to a Markov matrix In order to solve we are really looking for a vector that is not affected when multiplied by matrix . Then the system has re...
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