Asymmetric climate policies are expected to distort the level-playing field regarding international trade, singularly to the detriment of small open economies. The paper develops a flexible method that provides essential input regarding the design of offsetting measures. It builds on...

Capital theory and the associated with it price effects consequent upon changes in the distributive variables hold centre stage when it comes to the internal consistency of both classical and neoclassical theories of value. This paper briefly reviews the literature and then focuses on the...

A more general method for preparing commodity by commodity input-output tables under the commodity technology assumption is presented for the case when there are produced and non-produced by-products, originating in both principal and secondary production. Existing methods of the same family are...

In a recent paper, Ten Raa, Chakraborty and Small (1984) proposed a method for treating secondary products and by-products in the preparation of commodity by commodity input-output matrices under the commodity technology assumption, when by-products result only from primary production. The...

The purpose of this article is, on the one hand, to shed light on some significant aspects of Ricardo's theory of value and on the other hand to show that Ricardo's insights about the explanatory power of the relative labour times on the movement of relative prices were in the right direction....

Using data from the Symmetric Input-Output Table of the Greek economy for the year 2010, this paper estimates the corresponding Sraffian autonomous demand-transfer payments curve. The findings reveal certain technical-effective demand-social features of the Greek economy and provide a context...

This paper deals with key open issues involved in Book V of the Nicomachean Ethics and related to the theory of exchange values. On the basis of the Modern Classical theory of value-income distribution and the concept of ‘social abstract labour’, the paper argues that: (i) the Aristotelian...

Using input-output table data and a system of basic and derivative indices, the analysis in this paper provides a dissection of the Greek economy for the years 2005 and 2010. The findings suggest that: (i) the structural features of the economy have been shaped well before the emergence of the...

This study estimates the multiplier effect of public consumption in the Dominican Republic via an analytic methodology that works with input-output tables using data on the years 2007-2012. This study finds that the public sector has an employment multiplier of 1.5, which means that for every 10...

This paper presents a simple yet powerful methodological tool for analysing the impact of a bilateral trade conflict on third countries when trade includes intermediate inputs. Mixing input-output modelling with recent development of trade in value-added analysis, the extraction-cum-substitution...