IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-25275-6_15.html
   My bibliography  Save this book chapter

Joint Production in a Two-Sector Model

In: Prices, Growth and Cycles

Author

Listed:
  • Branko Horvat

Abstract

When analyzing price and quantity relationships in input-output models almost exclusively single-product industries are used. There are only few contributions in which it is inquired what difference it makes if single-product industries are replaced by joint production. The inquiry usually ends in complications which make the further analysis intractable and the result agnostic (Pasinetti, 1980; Schefold, 1989). It is shown that if the theoretical background is the same as in Horvat (1989), the ensuing analysis is relatively simple. Two sectors are considered: production of baskets of consumer goods and production of machinery with an unchanging structure of production. The first sector represents the net output and the second a subsidiary one catering for itself and for the first sector. Duality between price and quantity is utilized. The simplicity is not disturbed when fixed capital and expanding economy are considered. At the end the wage-profit curve is derived.

Suggested Citation

  • Branko Horvat, 1997. "Joint Production in a Two-Sector Model," Palgrave Macmillan Books, in: András Simonovits & Albert E. Steenge (ed.), Prices, Growth and Cycles, chapter 15, pages 255-269, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25275-6_15
    DOI: 10.1007/978-1-349-25275-6_15
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:pal:palchp:978-1-349-25275-6_15. 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.

    We have no bibliographic references for this item. You can help adding them by using 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.palgrave.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.