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We propose a measure of technological progress based on the information embedded in standard input-output tables. A connection is established between the quantities necessary as inputs, the associated output and auxiliary prices. It is argued that the wage-profit frontiers and the associated...
Persistent link: https://www.econbiz.de/10010797652
In this paper we propose a measure of technological progress which is based on the information embedded in standard input-output tables. Well known duality properties enables one to establish a connection between the quantities necessary as inputs and the associated output and some auxiliary...
Persistent link: https://www.econbiz.de/10009024787
We reconsider Anwar Shaikh’s critique of the neoclassical theory of growth and distribution based on its use of aggregate production functions. This is done by reconstructing and extending Franklin M. Fisher’s 1971 computer simulations, which Shaikh used to support his critique. Together...
Persistent link: https://www.econbiz.de/10010691591