A multiple embedded computable nonlinear dynamic input–output model and its balanced growth solutions

The multiple embedded computable nonlinear dynamic input–output model is given in this paper, and its balanced growth solutions about prices, output level, growth rate, profit rate are discussed. We can see from this model that there are infinitely many different cases of nonlinear dynamic input–output models, and only one of them is the well-known Leontief input–output (I–O) model. The significance of the model is that it unifies the linear I–O model and the dynamic computable general equilibrium (CGE) model. It not only overcomes the shortcoming of linear I–O models that the capital and labor cannot be substituted, but also can easily find the balanced growth solutions of dynamic CGE model.