Skip to main content

IS THE GHOSH MODEL INTERESTING?

Buy Article:

$51.00 plus tax (Refund Policy)

Abstract:

ABSTRACT. 

The overall value of the Ghosh model is appraised. Its treatment of quantities and prices is scrutinized by examining the variant with data in quantities and prices, and the variant with data in value and price indexes. The methodology involves returning to the accounting equations and shows that: (i) the Ghosh model offers solutions of limited interest, being incapable of providing prices or price indexes separately from quantities; (ii) what is taken to be the equation of Ghosh's value model is actually that of Ghosh's physical model; (iii) the Ghosh model may serve for cost-push exercises, but the dual of the Leontief model performs the same task in a much simpler and more natural way; and (iv) Cronin's mixed models do not actually mix Leontief and Ghosh hypotheses.

Document Type: Research Article

DOI: https://doi.org/10.1111/j.1467-9787.2008.00593.x

Affiliations: University of Burgundy and CNRS (Laboratoire d'Economie et de Gestion, UMR 5118) and Regional Economics Application Laboratory, 2 Bd Gabriel, B.P. 26611, F-21066 Dijon Cedex, France., Email: louis.de-mesnard@u-bourgogne.fr

Publication date: 2009-05-01

  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more