The Notion of Vertical Integration in Economic Analysis

Luigi L. Pasinetti

Chapter Chapter Two in Essays on the Theory of Joint Production, 1980, pp 16-43 from Palgrave Macmillan

Abstract: Abstract Very few notions in economic analysis are so seldom explicitly mentioned as the notion of vertical integration and are at the same time so widely used, implicitly or without full awareness.2 I came to this conviction during the discussions on a multi-sector model of economic growth which I presented a few years ago (Pasinetti, 1965). The synthetic notion of a `vertically integrated sector’ is used explicitly in that model, but within the simplified context of an economic system in which capital goods are made by labour alone; and I have always been faced with questions.3

Keywords: Economic System; Productive Capacity; Vertical Integration; Technical Progress; Capital Good (search for similar items in EconPapers)
Date: 1980
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DOI: 10.1007/978-1-349-05201-1_2

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