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Pasinetti's 'Structural Change and Economic Growth': A Conceptual Excursus

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  • Nadia Garbellini
  • Ariel Luis Wirkierman

Abstract

A clear and organic exposition of Pasinetti's theoretical framework of Structural Change and Economic Growth has been prevented by misunderstandings and ambiguities concerning basic categories and terminology. The pre-institutional character of the approach, the nature of its equilibrium paths and the significance-and normative character-of the 'natural' economic system are some of the most controversial issues. The aim of this article is to present a conceptual excursus of the model to establish a solid foundation for fruitful discussions to be held with other Classical approaches.

Suggested Citation

  • Nadia Garbellini & Ariel Luis Wirkierman, 2014. "Pasinetti's 'Structural Change and Economic Growth': A Conceptual Excursus," Review of Political Economy, Taylor & Francis Journals, vol. 26(2), pages 234-257, April.
  • Handle: RePEc:taf:revpoe:v:26:y:2014:i:2:p:234-257
    DOI: 10.1080/09538259.2014.881671
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    File URL: http://hdl.handle.net/10.1080/09538259.2014.881671
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    References listed on IDEAS

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    1. Silva, Ester G. & Teixeira, Aurora A.C., 2008. "Surveying structural change: Seminal contributions and a bibliometric account," Structural Change and Economic Dynamics, Elsevier, vol. 19(4), pages 273-300, December.
    2. Garbellini, Nadia & Wirkierman, Ariel, 2009. "Changes in the productivity of labour and vertically integrated sectors — an empirical study for Italy," MPRA Paper 18871, University Library of Munich, Germany.
    3. Luigi L. Pasinetti, 2005. "The Cambridge School of Keynesian Economics," Cambridge Journal of Economics, Oxford University Press, vol. 29(6), pages 837-848, November.
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    Cited by:

    1. Garbellini, Nadia, 2010. "Structural Change and Economic Growth: Production in the Short Run — A generalisation in terms of vertically hyper-integrated sectors," MPRA Paper 25684, University Library of Munich, Germany.

    More about this item

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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