IDEAS home Printed from https://ideas.repec.org/p/keo/dpaper/2019-014.html
   My bibliography  Save this paper

Optimal Weight of Commercial Sector and Reproduction Scheme

Author

Listed:
  • Hiroshi Onishi

    (Faculty of Economics, Keio University)

Abstract

In the field of commercial capital theory, recently Yano (2006) and Murakami (2014) have tried to incorporate the commercial sector into the reproduction scheme. However, Yano's formulation put the commercial capital outside the reproduction formula, and his explanation is too complex. Moreover, Murakami's formation still has a problem owing to his methodology that uses only the numerical examples. Therefore, this paper incorporates the commercial sector into the reproduction scheme as a perfect equation system based on the equalized profit rate. It is because equalized profit rate is also applied to the commercial sector to determine its weight in the whole economy. As a result of these calculations, this paper also identified that average profit rate is determined by the technological conditions only in the industrial sectors.

Suggested Citation

  • Hiroshi Onishi, 2019. "Optimal Weight of Commercial Sector and Reproduction Scheme," Keio-IES Discussion Paper Series 2019-014, Institute for Economics Studies, Keio University.
    • Handle: RePEc:keo:dpaper:2019-014
    as

    Download full text from publisher

    File URL: http://ies.keio.ac.jp/upload/pdf/en/DP2019-014.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Commercial Sector; Reproduction Scheme; Equalized Profit Rate; Transformation Problem;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:keo:dpaper:2019-014. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Institute for Economics Studies, Keio University (email available below). General contact details of provider: https://edirc.repec.org/data/iekeijp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.