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 …

of these debates are the empirically observed near-linearities in the price-rate of profit and wage rate of profit curves …

inflation in the price index for capital goods is equal to the threshold value, historical cost and replacement cost profit … - 2010. Moreover, trends in both replacement cost and historical cost profit rates display very similar movements over long … periods, making the choice of capital stock valuation irrelevant for empirical analysis of profitability trends …

In this paper we present estimates of the world profit rate using country-level data from the Extended Penn World Table … 7.0 and industry-level data from the World Input Output Database. The country-aggregated world profit rate series spans … the period from 1960 to 2019, and the industry-aggregated world profit rate series runs from 2000 to 2014. The country …