COMMODITIES’ COMMODITY CONTENT AND PRICES: EMPIRICAL EVIDENCE FROM THE INPUT-OUTPUT TABLES OF THE FRENCH ECONOMY
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Abstract
This paper estimates the commodities’ commodity content, or “commodity values”, associated with the input-output tables of the French economy for the years 1995 and 2005 and measures their proximity to actual prices. Contrary to the results reported in the majority of the relevant studies, it is found that there exist commodity values that are better approximations of actual prices than labour values. Thus, it is argued that the empirical investigation of the relationships between prices and values should not a priori neglect alternative value bases.
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How to Cite
Soklis, G. (2015). COMMODITIES’ COMMODITY CONTENT AND PRICES: EMPIRICAL EVIDENCE FROM THE INPUT-OUTPUT TABLES OF THE FRENCH ECONOMY. Investigación Económica, 73(288). Retrieved from https://journals.unam.mx/index.php/rie/article/view/50514
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