Study week on the econometric approach to development planning

Bibliographic data

Monograph

Identifikator:: 1824422792

URN:: urn:nbn:de:zbw-retromon-217476

Document type:: Monograph

Title:: Study week on the econometric approach to development planning

Place of publication:: Amsterdam [u.a.]

Publisher:: North-Holland Publ. Co. [u.a.]

Year of publication:: 1965

Scope:: XLVII, 1259 S.; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: A new theoretical approach to the problems of economic growth / Luigi L. Pasinetti, King's College - Cambridge - Great Britain

Collection:: Economics Books

072 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28 3. The rationale of framing a dynamic analysis in terms of verticallv intevrated sectors At this point, the reader may wonder why, in the previous dynamic analysis, a classification based on vertically integrated sectors has been preferred to an input-output type of classifi- cation. This question can be answered simply by considering the type of analysis for which each of the two classifications is most suited. To begin with, I may recall that both the inter-industry and the vertically integrated way of looking at the production processes of an economic system are by no means new in eco- nomics; they can be found quite extensively used at different stages in the history of economic thought. However, it is very significant that they have normally been used for different pur- poses and independently of each other: the inter-relation ap- proach has mostly been associated with analysis at the micro- level and of a static nature, while the vertically integrated ap- proach has mostly been associated with dynamic and macro- economic types of investigations. As a result, a kind of gap has gradually appeared between the two approaches. The foreigong discussion now puts us in a position to investigate the nature of this gap. At a given point of time, the two models which we have been confronting make the connections between the two ap- proaches quite obvious and well-defined. LEONTIEF has prov- ided, for the inter-relation approach, a much more aggregate framework than the one normally used. The model which has been discussed here gives, on the other hand, a much more disaggregated framework for the vertically integrated approach. Between the two, the inverse matrix mentioned above provides the analytical bridge. As a matter of fact, once we posses the inverse matrix. all relations between the two approaches at a [10] Pasinetti - pag. 102

Access restriction

Copyright

fullscreen: Study week on the econometric approach to development planning

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation