Journal of Mathematics Research; Vol. 7, No. 2; 2015 ISSN 1916-9795 E-ISSN 1916-9809 Published by Canadian Center of Science and Education Metzlerian and Generalized Metzlerian Matrices: Some Properties and Economic Applications Giorgio Giorgi1 & Cesare Zuccotti1 1 Department of Economics and Management, Via S. Felice, 5 - 27100 Pavia, Italy Correspondence: Giorgio Giorgi, Department of Economics and Management, Via S. Felice, 5 - 27100 Pavia, Italy. E-mail:
[email protected] Received: February 19, 2015 Accepted: March 3, 2015 Online Published: March 25, 2015 doi:10.5539/jmr.v7n2p42 URL: http://dx.doi.org/10.5539/jmr.v7n2p42 Abstract In the first part of the paper we consider the main properties, with respect to stability and existence of solutions of multi-sectoral economic models, of Metzlerian and Morishima matrices. In the second part we introduce various generalized Metzlerian matrices, in order to enlarge the results of Ohyama (1972) in the study of stability and comparative statics for a Walrasian-type equlibrium model. Keywords: Metzlerian matrices, Morishima matrices, Walrasian system, stable matrices 1. Introduction Metzlerian matrices or Metzler matrices (in honor of the American economist L. A. Metzler (1913-1980)) are square (real) matrices in which all the off-diagonal elements are nonnegative: ai j = 0; 8i , j: Following the terminology of Fiedler and Ptak´ (1962) we can say that a square matrix A is a Metzlerian matrix if and only if −A 2 Z; where Z is the class of square matrices such that ai j 5 0; 8i , j: Therefore, the relevant properties of Matzlerian matrices can be derived from the “parallel” properties of the Z-matrices, i.