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The Two-Sector Von Thünen Original Marginal Productivity Model Of Capital; And Beyond

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  • Erkko Etula

Abstract

This article considers a two-sector model of scalar capital from the perspectives of smoothly differentiable neoclassical technologies and also non-differentiable technologies based on discrete alternative Leontief-Sraffa techniques. The analysis shows that in these Thünen-like scenarios without joint production the real wage and the interest rate are necessarily in an inverse Ricardian tradeoff. This complements the findings of Samuelson and Etula (2006 , Japan and the World Economy, 18, pp. 331-356) and completes the analysis of single homogeneous scalar capital. Copyright � 2008 The Author; Journal compilation � 2008 Blackwell Publishing Ltd.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Metroeconomica.

Volume (Year): 59 (2008)
Issue (Month): 1 (02)
Pages: 85-104

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Handle: RePEc:bla:metroe:v:59:y:2008:i:1:p:85-104

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Cited by:
  1. Ludwig Nellinger, 2014. "Über die Natur und das Wesen des Geldes – J. H. von Thünens unveröffentlichtes Manuskript zur Geldtheorie," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), Justus-Liebig University Giessen, Department of Statistics and Economics, vol. 234(1), pages 58-110, January.
  2. Nellinger, Ludwig, 2011. "Zur Herleitung der Thünen'schen Grabsteinformel," Thuenen-Series of Applied Economic Theory 120, University of Rostock, Institute of Economics.
  3. Nellinger, Ludwig, 2009. "Über die Natur und das Wesen des Geldes: Johann Heinrich von Thünens unveröffentlichter Beitrag zur Geldtheorie," Thuenen-Series of Applied Economic Theory 110, University of Rostock, Institute of Economics.

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