[OPE-L:3204] Re: IVA and all that

Duncan K. Fole (dkf2@columbia.edu)
Tue, 1 Oct 1996 11:48:18 -0700 (PDT)

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In reply to Steve's comment on moving to a 2-sector model:

No matter how many sectors you have, you will still have to decide which
concept of value added corresponds to the expenditure of living labor. In
fact that issue will be exactly the same in a multi-sector model.


Duncan K. Foley
Department of Economics
Barnard College
New York, NY 10027
fax: (212)-854-8947
e-mail: dkf2@columbia.edu