## Abstract

In this paper we consider the matrix forms of the Sraffa-Leontief income distribution model px=(1+r)pAx+w*p(I-A)x introduced by Steenge (1995, 1997). We will explore the equivalence between these matrix forms and the set of simpler models, including the Sraffian con-dition of linear relations between the rate of profits r and wage rate w*. Further, we will evaluate the condition that the price vector p and the commodities vector x are the left-hand and the right-hand eigenvectors of the matrix A of direct inputs and that these vectors are the fixed points of the Sraffian standard commodities-standard prices matrix. We will then explore links between the Sraffa-Leontief system and the multiplier product matrix (MPM) for the matrix A to consider new insights generated through visualization with the help an artificial economic landscape. Further-more, the connections between MPM and the Sraffian standard commodities-standard prices matrix and their minimal information properties are proven.

Original language | English (US) |
---|---|

Pages (from-to) | 39-63 |

Number of pages | 25 |

Journal | Review of Regional Studies |

Volume | 37 |

Issue number | 1 |

State | Published - Dec 1 2007 |

## Keywords

- Minimum information properties
- Multiplier product matrix
- Sraffa-Leontief income distribution model
- Sraffian standard commodities-standard prices matrix

## ASJC Scopus subject areas

- Geography, Planning and Development
- Earth-Surface Processes