Iliadi, Fotoula and Mariolis, Theodore and Soklis, George and Tsoulfidis, Lefteris (2012): Bienenfeld’s approximation of production prices and eigenvalue distribution: some more evidence from five European economies.

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Abstract
This paper tests Bienenfeld’s polynomial approximation of production prices using data from ten symmetric inputoutput tables of five European economies. The empirical results show that the quadratic formula works extremely well and its accuracy is connected to the actual distribution of the eigenvalues of the matrices of vertically integrated technical coefficients.
Item Type:  MPRA Paper 

Original Title:  Bienenfeld’s approximation of production prices and eigenvalue distribution: some more evidence from five European economies 
Language:  English 
Keywords:  Bienenfeld’s approximation; Damping ratio; Eigenvalue distribution; Empirical evidence; Production prices 
Subjects:  B  History of Economic Thought, Methodology, and Heterodox Approaches > B5  Current Heterodox Approaches > B51  Socialist; Marxian; Sraffian D  Microeconomics > D4  Market Structure and Pricing > D46  Value Theory D  Microeconomics > D5  General Equilibrium and Disequilibrium > D57  InputOutput Tables and Analysis C  Mathematical and Quantitative Methods > C6  Mathematical Methods; Programming Models; Mathematical and Simulation Modeling > C67  InputOutput Models E  Macroeconomics and Monetary Economics > E1  General Aggregative Models > E11  Marxian; Sraffian; Institutional; Evolutionary 
Item ID:  36282 
Depositing User:  Theodore Mariolis 
Date Deposited:  30. Jan 2012 07:43 
Last Modified:  12. Feb 2013 13:28 
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URI:  http://mpra.ub.unimuenchen.de/id/eprint/36282 