Economics · Input-Output Analysis
The Hawkins-Simon condition for the viability of an input-output system requires that:
- 1All cofactors of [I - A] must alternate in sign
- 2The determinant of matrix [I - A] must be negative
- 3Principal minors of [I - A] must alternate in sign
- 4All principal leading minors of the matrix [I - A] must be positive✓
Correct answer
All principal leading minors of the matrix [I - A] must be positive
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