On The Relationship Between the Extractive and Manufacturing Industries
In Soviet economic literature the idea is not infrequently expressed that technical progress, by promoting improvements in the working and processing of raw materials, results in a reduction of the expenditure of raw materials per unit of completed product and thereby in a reduction in the share of the extractive branches in industrial production. And indeed, the growth rates of the volume of production of the extractive (>u>1>/u>), mining, and manufacturing industries for 1960-1971, published by the USSR Central Statistical Administration in 1972 (these data are based on the dynamics of the value of the output of the branches in comparable prices and methodology), indicate a lower rate of development of the extractive and mining branches compared with the rate of development of the manufacturing industry. During this period the volume of output of all industry increased by 145%, while that of the extractive industry increased by 77%, including an 87% increase in the mining industry; moreover, the lag in the rate of development of the extractive branches is characteristic of every year, although no trend toward a lowering of the ratio was observed.
Year of publication: |
1974
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Authors: | Livshits, R. |
Published in: |
Problems of Economic Transition. - M.E. Sharpe, Inc., ISSN 1061-1991. - Vol. 17.1974, 3, p. 22-40
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Publisher: |
M.E. Sharpe, Inc. |
Saved in:
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