The rate of profit in the Greek economy 1988-1997. an input-output analysis

Mariolis, Theodore and Rodousakis, Nikolaos and Tsoulfidis, Lefteris (2006): The rate of profit in the Greek economy 1988-1997. an input-output analysis. Published in: Archives of Economic History , Vol. 18, No. 2 (December 2006): pp. 177-190.

Abstract

The evolution of the rate of profit reflects both changes in income distribution and technical conditions of production. The purpose of this paper is to present estimates of the rate of profit for the Greek economy using input-output data spanning the period 1988-1997 and, at the same time, to decompose the evolution of the rate of profit to its constituent components. These estimations are carried out in terms of (i) market prices; (ii) labour values; and (iii) prices of production.

• Item Type: MPRA Paper
• Language: English
• Keywords: Greek Economy, Rate of Profit, Profit-Wage Ratio, Productivity of Labour and Capital, Input-Output Analysis
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B51 - Socialist ; Marxian ; Sraffian; D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D57 - Input-Output Tables and Analysis; D - Microeconomics > D3 - Distribution > D30 - General; C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C67 - Input-Output Models; E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E11 - Marxian ; Sraffian ; Kaleckian; B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B24 - Socialist ; Marxist ; Sraffian

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