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On the fallacy of forward linkages: A note in the light of recent results
Mesnard, Louis de - Laboratoire d'Économie de Dijon (LEDI), Université de … - 2009
Following on from de Mesnard’s (2009) radical criticism of the Ghosh supply-driven model, this paper draws the dramatic … backward effects and the Ghosh model for the forward effects; (ii) it is impossible simultaneously to consider a production … function of complementary inputs (Leontief) and a production function of perfectly substitutable inputs (Ghosh); and most …
Persistent link: https://www.econbiz.de/10010693659
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About the Ghosh Model : Clarifications
de Mesnard, Louis - 2008
We examine the consistency of the Ghosh supply-driven input-output model (SM) by respect to the traditional Leontief …-push exercises but the dual of LM performs the same task in a much simpler and natural way. Cronin's mixed models do not mix demand …
Persistent link: https://www.econbiz.de/10012726123
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Exploring near-linearities in price-rate of profit trajectories and the concept of effective rank in input-output matrices
Tsoulfidis, Lefteris - In: Journal of economic structures : JES; the official … 12 (2023), pp. 1-19
In recent years, there has been a resurgence of interest in the controversies surrounding capital theory. At the heart of these debates are the empirically observed near-linearities in the price-rate of profit and wage rate of profit curves. This article posits that these near-linearities can be...
Persistent link: https://www.econbiz.de/10014497227
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A Non-Possibility Theorem for Joint- Stability in Interindustry Models
Guerra, Ana-Isabel; Sancho, Ferran - Barcelona Graduate School of Economics (Barcelona GSE) - 2011
-driven models of Leontief and Ghosh, respectively. Previous work has claimed joint-stability to be an acceptable assumption from the …
Persistent link: https://www.econbiz.de/10010547088
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A NON-POSSIBILITY THEOREM FOR JOINT-STABILITY IN INTERINDUSTRY MODELS
Guerra, Ana-Isabel; Sancho, Ferran - Departament d'Economia i Història Econòmica, … - 2011
-driven models of Leontief and Ghosh, respectively. Previous work has claimed joint-stability to be an acceptable assumption from the …
Persistent link: https://www.econbiz.de/10009294307
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The measurement of labour content : a general approach
Yoshihara, Naoki; Veneziani, Roberto - 2013
This paper analyses the theoretical issues related to the measurement of labour content in the context of general technologies with heterogeneous labour. A novel axiomatic framework is used in order to formulate the key properties of the notion of labour content and analyse its theoretical...
Persistent link: https://www.econbiz.de/10009749451
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The measurement of labour content : a general approach
Yoshihara, Naoki; Veneziani, Roberto - 2013
This paper analyses the theoretical issues related to the measurement of labour content in the context of general technologies with heterogeneous labour. A novel axiomatic framework is used in order to formulate the key properties of the notion of labour content and analyse its theoretical...
Persistent link: https://www.econbiz.de/10009753329
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The measurement of labour content : a general approach
Yoshihara, Naoki; Veneziani, Roberto - 2017
This paper analyses the theoretical issues related to the measurement of labour content for general technologies with heterogeneous labour. A novel axiomatic framework is used in order to formulate the key properties of the notion of labour content and analyse its theoretical foundations. The...
Persistent link: https://www.econbiz.de/10011755969
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A new method of identifying key industries: A principal component analysis
Tsoulfidis, Lefteris; Athanasiadis, Ioannis - In: Journal of Economic Structures 11 (2022), pp. 1-23
This article using the principal components analysis identifies key industries and groups them into particular clusters. The data come from the US benchmark input-output tables of the years 2002, 2007, 2012 and the most recently published input-output table of the year 2019. We observe some...
Persistent link: https://www.econbiz.de/10013288360
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The sources of aggregate profitability: Marx's theory of surplus value revisited
Flaschel, Peter; Fröhlich, Nils; Veneziani, Roberto - In: European Journal of Economics and Economic Policies: … 10 (2013) 3, pp. 299-312
This paper provides an empirical analysis of Marx's theory of exploitation built on the standard interpretation of the value of labour power. The relationship between the aggregate value rate of profit and the aggregate price rate of profit is studied and it is shown that the two rates coincide...
Persistent link: https://www.econbiz.de/10014363185