Wage-profit curves of the Finnish economy: evidence from the supply and use tables

Soklis, George (2011): Wage-profit curves of the Finnish economy: evidence from the supply and use tables.

Abstract

This paper extends the empirical investigation of the shape of wage-profit curves to the case of joint production using data from the Supply and Use Tables of the Finnish economy (for the years 1995 through 2004). It is found that (i) the considered systems do not have the usual properties of single-product systems; and (ii) the monotonicity of the wage-profit curves depends on the adopted normalization condition.

• Item Type: MPRA Paper
• Language: English
• Keywords: Wage-profit curves; joint production; supply and use tables; input-output analysis
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B51 - Socialist ; Marxian ; Sraffian; D - Microeconomics > D3 - Distribution > D33 - Factor Income Distribution; D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D57 - Input-Output Tables and Analysis

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