Dynamic home-made ratios of commodities: the application of Pasinetti's vertical hyper-integration to trade in capital goods
将帕西内蒂的垂直超整合概念应用于全球经济,定义了每种商品的动态国产化率,用以解释国内外技术变化和消费需求增长率对国际收支的影响,有助于理解新兴工业化国家出口强劲却贸易逆差的现象。
Commodities are not completely homemade if their production requires imported capital goods directly or indirectly. Applying the concept of vertical hyperintegration developed by L. L. Pasinetti (1988) to the global economy, this paper defines the dynamic homemade ratio for each commodity, which can explain the effects of home and overseas changes in technology and growth rates of consumption demand on the balance of payments. The analysis deepens the understanding of the concept of homemade ratios, which is often referred to without exact definition, and of newly industrializing economies, which have repeatedly suffered unfavorable trade balances despite the strong performance of their exporting industries. (c) 1995 Academic Press, Ltd. Copyright 1995 by Oxford University Press.