Munich Personal RePEc Archive

Eigenvalue distribution and the production price-profit rate relationship in linear single-product systems: theory and empirical evidence

Mariolis, Theodore and Tsoulfidis, Lefteris (2010): Eigenvalue distribution and the production price-profit rate relationship in linear single-product systems: theory and empirical evidence.

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Abstract

A typical finding in many empirical studies is that the production price-profit rate relationship is, by and large, monotonic. This paper derives, in terms of the usual single-product model, the spectral conditions that make possible the appearance of such monotonicity. Furthermore, using data from input-output tables for a number of countries and years, it examines the extent to which actual economies fulfil those spectral conditions.

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