KMS Of Academy of mathematics and systems sciences, CAS
| Input-Output Production Structure and Non-Linear Production Possibility Frontier | |
| Jiang, Weimin1; Fan, Jin1; Tian, Kailan2 | |
| 2020-11-07 | |
| Source Publication | JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY
 |
| ISSN | 1009-6124 |
| Pages | 18 |
| Abstract | 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". |
| Keyword | Input output analysis marginal rate of transformation non-substitution theorem production possibility frontier |
| DOI | 10.1007/s11424-020-9079-y |
| Indexed By | SCI |
| Language | 英语 |
| Funding Project | 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 Research Area | Mathematics |
| WOS Subject | Mathematics, Interdisciplinary Applications |
| WOS ID | WOS:000587281000017 |
| Publisher | SPRINGER HEIDELBERG |
| Citation statistics | |
| Document Type | 期刊论文 |
| Identifier | http://ir.amss.ac.cn/handle/2S8OKBNM/52455 |
| Collection | 中国科学院数学与系统科学研究院 |
| Corresponding Author | Fan, Jin |
| Affiliation | 1.Nanjing Forestry Univ, Coll Econ & Management, Nanjing 210037, Peoples R China 2.Chinese Acad Sci, NCMIS, Acad Math & Syst Sci, Beijing 100190, Peoples R China |
| Recommended Citation 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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