La teoria dei rendimenti crescenti in Allyn A. Young

G. Colacchio

Working Papers from Dipartimento Scienze Economiche, Universita' di Bologna

Abstract: This paper deals with A. Young`s approach to the explanation of increasing returns, devoting attention not only to his 1928 famous article, but also to other interesting indications which can be found in his previous works. It argues that the logic of Young`s analysis is based on a multisectorial model subject to quantitative and qualitative transformations. Such a view allows us to understand 1) the emphasis, posed by the author, on propositions (that would have to be fulfilled) among different productives to ensure balanced economic expansion; 2) the attempt (made by the author in the appendix to 1928 article) to explain the economic system dynamics in presence of different intersectoral growth rates. The main conclusion is that Young`s theoretical contribution should be regarded as one of the first examples of structural economic dynamics, thus resulting quite unconformable to the neoclassical theoretical paradigm.

Date: 1998-11
References: Add references at CitEc
Citations:

Downloads: (external link)
http://amsacta.unibo.it/4974/1/335.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bol:bodewp:335

Access Statistics for this paper

More papers in Working Papers from Dipartimento Scienze Economiche, Universita' di Bologna Contact information at EDIRC.
Bibliographic data for series maintained by Dipartimento Scienze Economiche, Universita' di Bologna ().