I study the effect of technical change on the equilibrium profit rate in Classical-Marxian models of economic growth … profit rate given their expectations about the movement of the real wage rate. The accumulation rate depends on a threshold … rate of profit, below which capitalists do not invest. I consider three alternative closures: (a) a constant real wage rate …

-gestational payoffs associated with many of today’s investments. We use a new measure of economic profitability, the internal rate of …

This paper analyzes the effect of technical change on income distribution and profitability by comparing the long …-run outcomes defined by a uniform profit rate in a multisector linear economy. We study three scenarios with (i) fixed real wage …; (ii) fixed profit rate; or (iii) fixed wage-profit ratio, and show that any viable capital- using and labor …

the effects of trade liberalisation on the firm-level profit-enhancing effects of mergers, under an oligopolistic …. However, the effects of freer trade on profits of the exporting countries are ambiguous and depend on the net gains in profit … enhance the profits is inversely proportional to the number of firms in the country. With a freer trade, the profit effect of …