This essay explores the ralationships between income distribution, capital accumulation and technological change in the long-run. It is shown that a falling rate of profit is not a necessity for the capitalist mode of production.

The purpose of this paper is to explore, in terms of input-output models, the proximate determinants of the maximum attainable Economic Dependency Ratio and to provide estimates of that ratio in four European economies (Finnish, German, Greek, Spanish). The evaluation of the results reveals...

The equilibrium analyses under the classical growth framework mainly concern production processes so far and the utility-maximization of consumers is left out of consideration. On the basis of the thoughts of the equilibrium analyses under the classical growth framework, some numerical examples...

This study illustrates how the recent developments in efficiency analysis and statistical inference can be applied when evaluating banks’ performance issues from a potential merger. By using a sample of 29 Greek commercial banks the paper provides a six step procedure in order to evaluate...

This paper using Data Envelopment Analysis (DEA) evaluates the performance of public health services of the Greek prefectures. The efficiency levels of the Greek prefectures are compared and analyzed in a regional context. With the use of bootstrap techniques and conditional full frontier...

The question of why some multinational corporations perform better than others is in the centre of the analysis of many international business disciplines and the subject of a never-ending debate. In that respect this paper provides empirical evidence by combining strategic management theories...

Sectoral detailed analysis of the economy of a country is a difficult process, but important in the current context of globalization, in particular because of the complexity of interconnections between the branches, being known the role of investments and capital, but also trade, in GDP...

This paper shows that the ‘New Approach’ to the ‘problem of transforming values into prices’, first, is subjected to a crucial logical inconsistency and second, is not in a position to deal with the heterogeneous labour case. Thus, the paper proposes an approach, which overcomes these...

This paper uses Data Envelopment Analysis (DEA) in order to determine the performance levels of 16 departments of a public owned university. Particularly, the constant returns to scale (CRS) and variable returns to scale (VRS) models have been applied alongside with bootstrap techniques in order...

This paper specifies and interprets those direct relations which exist between the dual concepts of complete controllabil-ity/observability (Kalman, 1960), on the one hand, and the con-cept of the regular technique of production (Schefold, 1971), on the other. Specifically, it shows, first, that...