Economic Planning: How Should an Economy Grow


Parameters

Table 9.4 shows the parameters that are used in this example.

Table 9.4: Parameters

Parameter Name

Interpretation

num_years

Number of years in planning horizon

init_stocks[i]

Initial stocks per industry (in £m)

init_productive_capacity[i]

Initial productive capacity per industry (in £m)

demand[i]

Yearly exogenous demand per industry (in £m) for years 1 through num_years

final_demand[i]

Yearly exogenous demand per industry (in £m) for years $\Argument{num\_ years}+1$ and later

production_coeff[i,j]

Production coefficient for input i and industry j

productive_capacity_coeff[i,j]

Productive capacity coefficient for input i and industry j

manpower_capacity

Yearly manpower capacity (in £m)