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Pasinett's Vertically Hyper-Integrated Sectors and Natural Prices

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  • Lavoie, M

Abstract

Hyper-vertically integrated sectors and their natural prices, as presented by L. L. Pasinetti (1988), are reexamined in a slightly different framework and with the help of a very simple three-industry model. It is shown that, while Pasinetti's analysis takes into account basic commodities and interdependence, it short-circuits them. It is then asked whether such an approach is required to analyze growing subsystems. Copyright 1997 by Oxford University Press.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Lavoie, M, 1995. "Pasinett's Vertically Hyper-Integrated Sectors and Natural Prices," Working Papers 9515e, University of Ottawa, Department of Economics.
    • Handle: RePEc:ott:wpaper:9515e
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    Cited by:

    1. Naoki Yoshihara & Roberto Veneziani, 2013. "The Measurement of Labour Content: A General Approach," Working Papers 704, Queen Mary University of London, School of Economics and Finance.
    2. Araujo, Ricardo Azevedo & Santini, Theo & de Acypreste, Rafael, 2023. "A vertically integrated approach to increasing returns and cumulative causation," Structural Change and Economic Dynamics, Elsevier, vol. 65(C), pages 49-58.
    3. Ricardo Azevedo Araujo & Joanílio Rodolpho Teixeira, 2010. "A Multi-Sector Version of the Post-Keynesian Growth Model," Working papers - Textos para Discussao do Departamento de Economia da Universidade de Brasilia 330, Departamento de Economia da Universidade de Brasilia.
    4. Araujo, Ricardo Azevedo & Teixeira, Joanílio Rodolpho, 2011. "Decisions on investment allocation in the post-Keynesian growth models," MPRA Paper 33639, University Library of Munich, Germany.
    5. Araujo, Ricardo Azevedo & Teixeira, Joanilio Rodolpho, 2002. "Structural change and decisions on investment allocation," Structural Change and Economic Dynamics, Elsevier, vol. 13(2), pages 249-258, June.

    More about this item

    Keywords

    PRICES; ECONOMIC MODELS;

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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