Note on Sustainability Prices When Sectoral Growth Rates Differ

Carlo D’Adda ()
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Carlo D’Adda: University of Bologna

Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, 2016, vol. 2, issue 1, No 1, 4 pages

Abstract: 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.

Keywords: Dynamic Leontief model; Sustainability prices versus Natural prices; Vertically integrated sectors (search for similar items in EconPapers)
JEL-codes: D46 D57 (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/s40797-015-0024-5

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