Dynamic home-made ratios of commodities: the application of Pasinetti's vertical hyper-integration to trade in capital goods

Article Abstract:

The concept of home-made ratios in economic production refers to the fact that commodities cannot be considered home-made if they are produced using imported capital equipment. A dynamic home-made ratio is defined as the disparity between unity and the ratio of the amount of commodities which an economy has to import to sustain production equal in value to the commodities currently being produced. Dynamic home-made ratios can help explain why developing countries registered negative trade balances despite vigorous export performance.

Economic aspects, Developing countries, International trade, Vertical integration

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Towards a competence theory of the region

Article Abstract:

There is considerable value in extending the competence perspective to the analysis of the regional productive system. Competences of productive systems can be regarded as existing at a deeper level, and it is best to see them as emergent properties of social interaction. Limiting the competence perspective to the internal functions of companies would seem to be both unnecessary and unhelpful. It is best to re-conceptualize the convergence of ideas in recent regional literature in terms of regional competences.

Regional economics

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Competition and production prices

Article Abstract:

Research into the role of competition and production prices in capitalism is presented. The assumptions underlying the so-called Okishio's theorem are questioned and the process of competition without technical change is studied.

Competition (Economics), Prices, Okishio, Nobuo

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