AustralieFrV1, Main, Exploration, bibRecord, 00D208

The significance of the theory of vertically integrated processes for the problem of economic development

Identifieur interne : 00D208 ( Main/Exploration ); précédent : 00D207; suivant : 00D209

The significance of the theory of vertically integrated processes for the problem of economic development

Auteurs : Joseph Halevi [France, Australie]

Source :

Structural Change and Economic Dynamics [ 0954-349X ] ; 1996.

RBID : ISTEX:F25A21D98D214634B5C8C46E7EEDDE0ACBB066B3

Descripteurs français

Wicri :
- topic : Croissance économique, Régime économique, Production alimentaire, Plein-emploi, Commerce international.

English descriptors

Abstract

Abstract: This paper argues that Pasinetti's theory of growth provides new insights into the problem of economic development. Firstly, by using Pasinetti's 1981 contribution, it is maintained that the method of vertical integration supersedes the Dobb-Sen critique of the neoclassical investment rule. Secondly, it is pointed out that the effective demand full-employment condition developed in the 1993 book is conceptually valid also for a non-industrialized country. This conclusion is compared with the Kaldor-Kalecki-Robinson view according to which Keynesian considerations apply only when the stock of capital suffices to absorb the whole of the working population. Thirdly, and finally, it is shown that the limitations of the Feldman-Mahalanobis model of growth emerge in relation to the passive role of per capita consumption demand. In this context Pasinetti's major achievement is identified in the strict connection established between the growth rate of productivity and the role played by the natural wage in his system.

Url:

https://api.istex.fr/document/F25A21D98D214634B5C8C46E7EEDDE0ACBB066B3/fulltext/pdf

DOI: 10.1016/0954-349X(96)00050-1

Affiliations:

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Le document en format XML

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The significance of the theory of vertically integrated processes for the problem of economic development

The significance of the theory of vertically integrated processes for the problem of economic development

Source :

Descripteurs français

English descriptors

Abstract

Links toward previous steps (curation, corpus...)

Le document en format XML

Pour manipuler ce document sous Unix (Dilib)

Pour mettre un lien sur cette page dans le réseau Wicri