About the reinterpretation of the Ghosh model as a price model

Louis de Mesnard

Working Papers from HAL

Abstract: The Ghosh model assumes that, in an input-output framework, each commodity is sold to each sector in fixed proportions. This model is strongly criticized because it seems implausible in the traditional input-output field. To answer to these critics, Dietzenbacher stresses that it can be reinterpreted as a price model: the Leontief price model is equivalent to the Ghosh model when this one is interpreted as a price model. This paper shows that the interpretation of the Ghosh model as a price model cannot be accepted because Dietzenbacher makes a strong assumption, dichotomy, while the Ghosh model does not determine prices.

Keywords: demand; economics; economic theory; management; input-output; management economics; supply; gestion; économie (search for similar items in EconPapers)
Date: 2001
Note: View the original document on HAL open archive server: https://hal.science/hal-01527259v1
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Published in [Research Report] Laboratoire d'analyse et de techniques économiques(LATEC). 2001, 11 p., ref. bib. : 10 ref

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