Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

K. N. Prasad

Abstract

As Input-Output Analysis is based on an assumption that each sector produces only a single commodity, it is implied that when commodities are aggregated into a sector, they are taken to be homogeneous commodities.

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K. N. Prasad

Abstract

The celebrated study of Professor Leontief regarding the structural basis of American foreign trade was followed up by a number of similar approaches. In India, Dr. R. Bharadwaj attempted to verify the Heckscher Ohlin law using the input-output technique. In these and other studies, although the importance of natural resources is recognised, no attempt is made to treat this factor explicitly. In this paper, we have attempted to assess the role of natural resources in India's international trade together with labour and capital.

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