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This paper uses input–output data from Supply and Use Tables for the year 2010 and provides empirical estimations of the static demand multipliers in a joint production framework for two representative Southern Eurozone economies, i.e., Greece and Spain, and for the Eurozone economy as a...
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The labor theory of value has been rejected by Morishima on the grounds that it would be incompatible with joint … production, as well as the way they relate to the real world. For Morishima, the labor theory of value is a particular case of … Sraffa's theory of production prices; it is recalled that in Sraffa's treatment of joint production the occurrence of …
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