The paper analyses the empirical relations between relative prices, income distribution and private investments. It applies the theoretical framework developed by the author in his "Oligopoly and technical progress" to the case of Italy for the period 1951-1966.

Using a state-industry panel data set at the 3 digit national industrial classification (NIC) level of disaggregation for 19 major Indian states over the period 1983-84 to 2007-08, we analyze the contemporaneous and long run impacts of the rate of profit and its components - profit share,...