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Note on Sustainability Prices When Sectoral Growth Rates Differ

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  • Carlo D’Adda

    (University of Bologna)

Abstract

A dynamic Leontief-type model is considered. The sectoral growth rates differ. This note shows that the dual of the (vector) equation connecting sectoral products and sectoral consumptions is a (vector) price equation representing sustainability prices, i.e. prices assuring profits that are consistent with the cost of sectoral capital adjustments. In this economy the sectoral price levels depend on the sectoral growth rates and the sectoral profit-capital rates differ.

Suggested Citation

  • Carlo D’Adda, 2016. "Note on Sustainability Prices When Sectoral Growth Rates Differ," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 2(1), pages 1-4, March.
    • Handle: RePEc:spr:italej:v:2:y:2016:i:1:d:10.1007_s40797-015-0024-5
    DOI: 10.1007/s40797-015-0024-5
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    References listed on IDEAS

    as
    1. Pasinetti, Luigi L, 1988. "Growing Subsystems, Vertically Hyper-integrated Sectors and the Labour Theory of Value," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 12(1), pages 125-134, March.
    2. Baranzini,Mauro L. & Rotondi,Claudia & Scazzieri,Roberto (ed.), 2015. "Resources, Production and Structural Dynamics," Cambridge Books, Cambridge University Press, number 9781107079090, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Dynamic Leontief model; Sustainability prices versus Natural prices; Vertically integrated sectors;
    All these keywords.

    JEL classification:

    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis

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    Access and download statistics

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