IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/25685.html
   My bibliography  Save this paper

Pasinetti’s Structural Change and Economic Growth: a conceptual excursus

Author

Listed:
  • Garbellini, Nadia
  • Wirkierman, Ariel Luis

Abstract

A clear and organic exposition of Pasinetti’s theoretical framework of Structural Change and Economic Growth is often complicated by misunderstandings and ambiguities concerning the basic categories and terminology. The pre-institutional character of the approach, the nature of its equilibrium paths and the significance of the ‘natural’ economic system — together with its normative character — are some of the most controversial issues. In particular, there seems to be a need for a clearcut distinction between the general dynamic analysis of the price and quantity systems and the specific dynamics they follow when the sectoral proportions and levels of production exactly satisfy dynamic equilibrium conditions, and a particular closure of the price system is adopted, providing for specific functional income distribution and theory of value. The aim of the present paper is therefore that of attempting at a conceptual excursus of the model, in order to establish a solid ground on the basis of which discussions with other Classical approaches can be fruitfully held.

Suggested Citation

  • Garbellini, Nadia & Wirkierman, Ariel Luis, 2010. "Pasinetti’s Structural Change and Economic Growth: a conceptual excursus," MPRA Paper 25685, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:25685
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/25685/1/MPRA_paper_25685.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Silva, Ester G. & Teixeira, Aurora A.C., 2008. "Surveying structural change: Seminal contributions and a bibliometric account," Structural Change and Economic Dynamics, Elsevier, vol. 19(4), pages 273-300, December.
    2. Garbellini, Nadia & Wirkierman, Ariel, 2009. "Changes in the productivity of labour and vertically integrated sectors — an empirical study for Italy," MPRA Paper 18871, University Library of Munich, Germany.
    3. Pasinetti,Luigi L., 2007. "Keynes and the Cambridge Keynesians," Cambridge Books, Cambridge University Press, number 9780521872270, October.
    4. Luigi L. Pasinetti, 2005. "The Cambridge School of Keynesian Economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 29(6), pages 837-848, November.
    5. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Brondino, Gabriel, 2019. "Productivity growth and structural change in China (1995–2009): A subsystems analysis," Structural Change and Economic Dynamics, Elsevier, vol. 49(C), pages 183-191.
    2. Richard Senner & Didier Sornette, 2019. "The Holy Grail of Crypto Currencies: Ready to Replace Fiat Money?," Journal of Economic Issues, Taylor & Francis Journals, vol. 53(4), pages 966-1000, October.
    3. Garbellini, Nadia, 2010. "Structural Change and Economic Growth: Production in the Short Run — A generalisation in terms of vertically hyper-integrated sectors," MPRA Paper 25684, University Library of Munich, Germany.
    4. Cardinale, Ivano, 2022. "On means and ends in structural economic analysis: Broadening the field of enquiry," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 450-457.
    5. Wirkierman, Ariel Luis, 2023. "Structural economic dynamics in actual industrial economies," Structural Change and Economic Dynamics, Elsevier, vol. 64(C), pages 245-262.
    6. Alessandro Sarra & Claudio Berardino & Davide Quaglione, 2019. "Deindustrialization and the technological intensity of manufacturing subsystems in the European Union," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 36(1), pages 205-243, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Massimo Cingolani, 2015. "Sylos Labini su Marx: implicazioni per la politica economica (Sylos Labini on Marx: economic policy implications)," Moneta e Credito, Economia civile, vol. 68(269), pages 81-147.
    2. Araujo, Ricardo Azevedo, 2013. "Cumulative causation in a structural economic dynamic approach to economic growth and uneven development," Structural Change and Economic Dynamics, Elsevier, vol. 24(C), pages 130-140.
    3. Roberto Scazzieri, 2022. "Decomposability and Relative Invariance: the Structural Approach to Network Complexity and Resilience," Networks and Spatial Economics, Springer, vol. 22(3), pages 635-657, September.
    4. Araujo, Ricardo Azevedo & Trigg, Andrew B., 2015. "A neo-Kaldorian approach to structural economic dynamics," Structural Change and Economic Dynamics, Elsevier, vol. 33(C), pages 25-36.
    5. Garbellini, Nadia, 2010. "Structural Change and Economic Growth: Production in the Short Run — A generalisation in terms of vertically hyper-integrated sectors," MPRA Paper 25684, University Library of Munich, Germany.
    6. Scazzieri, Roberto, 2014. "A structural theory of increasing returns," Structural Change and Economic Dynamics, Elsevier, vol. 29(C), pages 75-88.
    7. Cardinale, Ivano & Scazzieri, Roberto, 2016. "Structural liquidity: The money-industry nexus," Structural Change and Economic Dynamics, Elsevier, vol. 39(C), pages 46-53.
    8. Sebastiano Fadda, "undated". "Structural Change, Employment and Institutions," Working Papers 0033, ASTRIL - Associazione Studi e Ricerche Interdisciplinari sul Lavoro.
    9. Cardinale, Ivano & Scazzieri, Roberto, 2019. "Explaining structural change: actions and transformations," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 393-404.
    10. Ricardo Azevedo Araujo & Joanílio Rodolpho Teixeira, 2010. "A Multi-Sector Version of the Post-Keynesian Growth Model," Working papers - Textos para Discussao do Departamento de Economia da Universidade de Brasilia 330, Departamento de Economia da Universidade de Brasilia.
    11. Costa, Leopoldo & Teixeira, Joanilio Rodolpho, 2018. "Structural change with different consumption profiles in a pure labour economy," Structural Change and Economic Dynamics, Elsevier, vol. 47(C), pages 28-34.
    12. KUROSE, Kazuhiro, 2015. "The Structure of the Models of Structural Change and Kaldor's Facts: A Critical Survey," CCES Discussion Paper Series 59, Center for Research on Contemporary Economic Systems, Graduate School of Economics, Hitotsubashi University.
    13. Kurose, Kazuhiro, 2021. "Models of structural change and Kaldor’s facts: Critical survey from the Cambridge Keynesian perspective," Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 267-277.
    14. Schilirò, Daniele, 2019. "Luigi L. Pasinetti: An intellectual biography by Mauro L. Baranzini and Amalia Mirante. An analysis and comment," MPRA Paper 95330, University Library of Munich, Germany.
    15. Araujo, Ricardo Azevedo & Teixeira, Joanílio Rodolpho, 2011. "Decisions on investment allocation in the post-Keynesian growth models," MPRA Paper 33639, University Library of Munich, Germany.
    16. Butnar, Isabela & Llop Llop, Maria, 2010. "Structural decomposition analysis and input-output subsystems: An application to Spanish CO2 emissions," Working Papers 2072/151546, Universitat Rovira i Virgili, Department of Economics.
    17. Niembro, Andrés & Calá, Carla Daniela, 2024. "Regional structural change in Argentina (1996-2019): Concepts, measurements and unequal trajectories over the business cycle," Nülan. Deposited Documents 4106, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
    18. Ha-Joon Chang & Antonio Andreoni, 2021. "Bringing Production Back into Development: An introduction," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 33(2), pages 165-178, April.
    19. Kazuhiro Kurose, 2022. "A two-class economy from the multi-sectoral perspective: the controversy between Pasinetti and Meade–Hahn–Samuelson–Modigliani revisited," Evolutionary and Institutional Economics Review, Springer, vol. 19(1), pages 239-270, April.
    20. Joao Gaspar & Gilson Pina & Marta Simoes, 2014. "Agriculture in Portugal: linkages with industry and services," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement, INRA Department of Economics, vol. 95(4), pages 437-471.

    More about this item

    Keywords

    Vertically (hyper-)integrated sectors; functional income distribution; ‘natural’ economic rates of profit; ‘natural’ economic system; pure labour theory of value.;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:pra:mprapa:25685. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    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.