Mariolis, Theodore (2007): Distribution and Growth in an Economy with Heterogeneous Capital and Excess Capacity. Published in: Asian-African Journal of Economics and Econometrics , Vol. 7, No. 1-2 (January 2007): pp. 365-375.
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In a world of heterogeneous capital the aggregate capital-capacity ratio can change in a complicated way as the real wage rate changes and, therefore, nothing useful can be said, a priori, about the relationships between the real wage rate (or the aggregate profit share), the degree of capacity utilization and the rates of profit, capital accumulation and interest.
|Item Type:||MPRA Paper|
|Original Title:||Distribution and Growth in an Economy with Heterogeneous Capital and Excess Capacity|
|Keywords:||Aggregate capital-capacity ratio; capacity utilization; heterogeneous capital; post-Keynesian theory; Sraffian theory|
|Subjects:||E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E12 - Keynes; Keynesian; Post-Keynesian
D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D57 - Input-Output Tables and Analysis
E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E11 - Marxian; Sraffian; Institutional; Evolutionary
|Depositing User:||Theodore Mariolis|
|Date Deposited:||23. Jul 2010 02:54|
|Last Modified:||15. Feb 2013 16:33|
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