Using input–output data from Symmetric Input–Output Tables for the year 2010 and relevant price models, this paper provides empirical estimations of medium- and long-run effects of wage and currency devaluations on international price competitiveness and income distribution for two ‘PIIGS...

This paper investigates Goodwin's Lotka–Volterra model in disaggregative form. Contrary to the known literature, it is found that both the economic significance and the dynamic behaviour of the model depend on the eigenvalues of the material input coefficients matrix