IDEAS home Printed from https://ideas.repec.org/a/spr/italej/v2y2016i1d10.1007_s40797-015-0024-5.html
   My bibliography  Save this article

Note on Sustainability Prices When Sectoral Growth Rates Differ

Author

Listed:
  • Carlo D’Adda

    (University of Bologna)

Abstract

A dynamic Leontief-type model is considered. The sectoral growth rates differ. This note shows that the dual of the (vector) equation connecting sectoral products and sectoral consumptions is a (vector) price equation representing sustainability prices, i.e. prices assuring profits that are consistent with the cost of sectoral capital adjustments. In this economy the sectoral price levels depend on the sectoral growth rates and the sectoral profit-capital rates differ.

Suggested Citation

  • Carlo D’Adda, 2016. "Note on Sustainability Prices When Sectoral Growth Rates Differ," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 2(1), pages 1-4, March.
    • Handle: RePEc:spr:italej:v:2:y:2016:i:1:d:10.1007_s40797-015-0024-5
    DOI: 10.1007/s40797-015-0024-5
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s40797-015-0024-5
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s40797-015-0024-5?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Baranzini,Mauro L. & Rotondi,Claudia & Scazzieri,Roberto (ed.), 2015. "Resources, Production and Structural Dynamics," Cambridge Books, Cambridge University Press, number 9781107079090.
    2. Pasinetti, Luigi L, 1988. "Growing Subsystems, Vertically Hyper-integrated Sectors and the Labour Theory of Value," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 12(1), pages 125-134, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cardinale, Ivano & Scazzieri, Roberto, 2019. "Explaining structural change: actions and transformations," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 393-404.
    2. Butnar, Isabela & Llop Llop, Maria, 2010. "Structural decomposition analysis and input-output subsystems: An application to Spanish CO2 emissions," Working Papers 2072/151546, Universitat Rovira i Virgili, Department of Economics.
    3. 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.
    4. Stephen Martin, 2019. "The Potential Compensation Principle and Constant Marginal Utility of Income," The Japanese Economic Review, Japanese Economic Association, vol. 70(3), pages 383-393, September.
    5. Jacek STROJNY & Jakub PIECUCH, 2017. "The land use structure of agricultural holdings in the Central and East European Countries and its evolution," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 63(1), pages 13-23.
    6. Yoann Verger, 2015. "Sraffa and ecological economics: review of the literature," Working Papers hal-01182894, HAL.
    7. Xuan, Yanni & Yue, Qiang, 2017. "Scenario analysis on resource and environmental benefits of imported steel scrap for China’s steel industry," Resources, Conservation & Recycling, Elsevier, vol. 120(C), pages 186-198.
    8. Massimo Cingolani, 2015. "Sylos Labini su Marx: implicazioni per la politica economica (Sylos Labini on Marx: economic policy implications)," Moneta e Credito, Economia civile, vol. 68(269), pages 81-147.
    9. Butnar, Isabela & Llop, Maria, 2011. "Structural decomposition analysis and input-output subsystems: Changes in CO2 emissions of Spanish service sectors (2000-2005)," Ecological Economics, Elsevier, vol. 70(11), pages 2012-2019, September.
    10. Garbellini, Nadia, 2021. "International trade as a process of choice of technique," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 42-50.
    11. Roberto Cardinale, 2022. "State-Owned Enterprises’ Reforms and their Implications for the Resilience and Vulnerability of the Chinese Economy: Evidence from the Banking, Energy and Telecom Sectors," Networks and Spatial Economics, Springer, vol. 22(3), pages 489-514, September.
    12. Yoann Verger, 2018. "First steps for a Sraffian ecological economics. An answer to Martins' “The Classical Circular Economy, Sraffian Ecological Economics and the Capabilities Approach”," Working Papers hal-01700228, HAL.
    13. Pascal Seppecher & Isabelle L Salle & Marc Lavoie, 2018. "What drives markups? Evolutionary pricing in an agent-based stock-flow consistent macroeconomic model," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(6), pages 1045-1067.
    14. Francesco Macheda, 2022. "Industrial Policies and State-Owned Enterprises: The Foundations of China’s Path Towards Decarbonization," L'industria, Società editrice il Mulino, issue 4, pages 581-619.
    15. Wirkierman, Ariel Luis, 2022. "Productivity homogenisation trends of six advanced industrial economies: A vertically hyper-integrated approach," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 495-511.
    16. Yoshihara, Naoki & Veneziani, Roberto, 2013. "The Measurement of Labour Content: A General Approach," Discussion Paper Series 587, Institute of Economic Research, Hitotsubashi University.
    17. Maria Llop & Richard S.J. Tol, 2013. "Decomposition of sectoral greenhouse gas emissions: a subsystem input-output model for the Republic of Ireland," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 56(9), pages 1316-1331, November.
    18. Torsten Heinrich & Jangho Yang & Shuanping Dai, 2022. "Levels of structural change," Journal of Evolutionary Economics, Springer, vol. 32(1), pages 35-86, January.
    19. Pasinetti, Luigi L., 1998. "A note on Richard Stone's paper on changes in productivity," Structural Change and Economic Dynamics, Elsevier, vol. 9(2), pages 233-235, June.
    20. Valeria Cosmo & Marie Hyland & Maria Llop, 2014. "Disentangling Water Usage in the European Union: A Decomposition Analysis," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 28(5), pages 1463-1479, March.

    More about this item

    Keywords

    Dynamic Leontief model; Sustainability prices versus Natural prices; Vertically integrated sectors;
    All these keywords.

    JEL classification:

    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:italej:v:2:y:2016:i:1:d:10.1007_s40797-015-0024-5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.