SEMAINE D ETUDE SUR LE ROLE DE L ANALYSE ECONOMETRIOUE ETC.

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[HE EMPIRICAL SIGNIFICANCE OF THE MODEL

… The relation of sectoral dynamic analysis to input-output
analvsis

The model which has been developed in the previous pages
has far-reaching theoretical implications and also straightforward
 empirical applications. Leaving its theoretical implicalions
 aside for the time being, we may concentrate in this chapter
 on its empirical significance. At the same time, the opportunity
 will be taken of completing the model with reference
to inter-industry relations at a given point of time. It will
be remembered that, in Chapter II, all inter-industry connections
 and intermediate commodities at a given point of time
were deliberately left aside, because our aim was to arrive at
a dynamic investigation as soon as possible. We may now go
back for a moment to that stage. Fortunately, there is no need
to develop here any model with intermediate commodities; for
such models have been extensively developed already in the
economic literature, especially during the past twenty years.
Hence our task can be limited to showing how they relate to
the previous analysis.
There are in particular two theoretical schemata, recently
presented, which may be considered as the logical static counterpart
 of the previous dynamic analysis. They are WassILY
L_EONTIEF’s input-output model, and PIERO SRAFFA’s produc-10]

 Pasinetti - pag. 95