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A macroeconomic analysis of agricultural prices and inflation



A macroeconomic analysis of agricultural prices and inflation



Rivista di Economia Agraria 38(1): 137-145



This paper examines the part which agricultural prices play in determining domestic prices. On the basis of a macroeconomic model of the Italian economy for the period of rapid industrial growth between 1951 and 1979, the article indicates that prices are determined by the "markup factor" for the industrial and service sectors of the economy and by competitiveness for the agricultural sector.

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