The Econometric SocietyEdited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262
Econometrica: Jan, 1968, Volume 36, Issue 1
https://doi.org/0012-9682(196801)36:1<172:AOATTT>2.0.CO;2-B
p. 172-186
Jinkichi Tsukui
A particular type of objective function is built in a linear programming version of the dynamic Leontief model so that the solution gives the path to accumulate the maximum value of capital stocks with the Neumann (turnpike) configuration in the terminal period of the program. In view of the author's turnpike theorem [8], leading the economy along this path is thought the safest method for a planning agency when desirable capital configuration in the future is unknown--as is usually the case. The model is applied to the Japanese economy for the periods 1955 to 1960, and the computed growth path is compared with the actual. Also, the relatively unstable nature of the dynamic Leontief model is shown by analysis of the computational results.
March 5, 2024
The terms of the Editors of the Econometric Society's three journals end June 30, 2025. We are pleased to announce the incoming Editors and to thank the outgoing Editors for their excellent and continuing service.
Econometrica: Since 2019, Guido Imbens has served as the 14th Editor of Econometrica. On July 1, 2025, Marina Halac will become the Editor.
Quantitative Economics: Stéphane Bonhomme has been the Editor of Quantitative Economics since 2021. His successor will be Bernard Salanié.
Theoretical Economics: The Editor of Theoretical Economics since 2021 has been Simon Board. Taking over for him in July 2025 will be Federico Echenique.
Guido, Stéphane, and Simon have been outstanding Editors. We are grateful to them for the work they have done and will continue to do, and we look forward to further congratulating them next year. We believe Marina, Bernard, and Federico will be outstanding successors and we thank them in advance for their service.
Finally, we are grateful to Larry Samuelson for chairing all three search committees, and we thank the search committee members for their hard and fruitful work:
Econometrica: Christian Dustmann, Lars Hansen, Alessandro Lizzeri, George Mailath, Ariel Pakes, Helene Rey, and Elie Tamer.
QE: Kate Ho, Michael Keane, Felix Kubler, Whitney Newey, and Frank Schorfheide.
TE: Jeff Ely, Johannes Horner, Gilat Levy, Meg Meyer, and Ran Spiegler.
