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The Position of Metalworking Industries in the Structure of an Industrializing Economy 1/Situación estructural de las industrias metal-mecánicas en las economías industrializadas

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  • CARTER, ANNE P.

    (Harvard Economic Research, Project.1583, Massachusetts Avenue Cambridge, Massachusetts August 1966.)

  • LEONTIEF, WASSILY W.

    (Harvard Economic Research, Project.1583, Massachusetts Avenue Cambridge, Massachusetts August 1966.)

Abstract

Estudios de Economía Aplicada includes in its Contributions section, both forgotten texts form relevant authors, and other specially interesting studies of general scope. This time, we have selected an unpublished study of Wassily Leontief written in 1966 jointly with Anne Carter (member of EEA Editorial’s Board) in the unforgettable framework of the Harvard Economic Research Project. This work, that was presented at a Moscow meeting, shows an example of Input-Output utilization to perform a production sector analysis and programming, applied to metalworking industries, a key sector for capital accumulation processes. Some time comparisons (between 1947 and 1858) and other spatial ones (between Japan and United States) are presented, and reduced forms from the full model are computed in order to show the high interdependence between the metalworking industries. It is very interesting to see how capital coefficients are computed because of their relevance to understand the key role played by this setor in economic development. The Dynamic Model application is also interesting in this analytical framework. This text, that deals with the role of input-output analysis in the economic development planning, is still relevant in the field of investment selection, both for newly industrialized countries, and for developed countries where firms have to take long term decisions that should be coherent in a future interdependent structural framework. En la sección Contribuciones, Estudios de Economía Aplicada pública, junto con trabajos que por su naturaleza no se adaptan a las publicaciones científicas especializadas, algunos textos olvidados de autores de indiscutible relevancia. En esta ocasión incluimos un testo inédito de Wassily Leontief elaborado en 1966 junto a Anne Carter (miembro del consejo editorial de EEA), en el inolvidable marco del Harvard Economic Research Project.Se trata de una comunicación presentada en Moscú en la que se desarrollan de manera ejemplar posibles aplicaciones del input-output para la programación de un sector productivo, en este caso el sector de la industria metal-mecánica, sector clave en todo proceso de acumulación de capital. Se establecen comparaciones en el tiempo (entre 1947 y 1958) y en el espacio (entre Japón y Estados Unidos), y se calculan formas reducidas que contribuyen a explicar la interdependencia interna del grupo de industrias metal-mecánicas. Es relevante observar el cálculo de los coeficientes de capital, indispensable para comprender el papel de este sector en al economía, y la aplicación que se hace del modelo dinámico en este contexto. Este texto, centrado en la aportación que el input-output puede hacer a la planificación del desarrollo, sigue siendo relevante en todo proceso de selección de inversiones, tanto en los países industriales emergentes, como en aquellos más avanzados en los que las empresas tienen que tomar decisiones a largo plazo que exigen coherencia y prospectiva de las interdependencias estructurales.

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Bibliographic Info

Article provided by Estudios de Economía Aplicada in its journal Estudios de Economía Aplicada.

Volume (Year): 23 (2005)
Issue (Month): (Agosto)
Pages: 249-286

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Handle: RePEc:lrk:eeaart:23_2_1

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Keywords: Input-output; Sectorial Analysis and Programming; Metalworking Industries/Input-Output; programación y analisis sectorial; industrias metal-mecánicas.;

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