Eigenvalue Distribution and the Production Price-Profit Rate Relationship in Linear Single-Product Systems: Theory and Empirical Evidence
AbstractA typical finding in many empirical studies is that the production price-profit rate relationship is, by and large, monotonic. This paper derives, in terms of the usual single-product model, the spectral conditions that make possible the appearance of such monotonicity. Furthermore, using data from input-output tables for a number of countries and years, it examines the extent to which actual economies fulfil those spectral conditions.
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Bibliographic InfoPaper provided by Department of Economics, University of Macedonia in its series Discussion Paper Series with number 2010_16.
Date of creation: Nov 2010
Date of revision: Nov 2010
Eigenvalue distribution; production prices; spectral analysis; Standard systems.;
Other versions of this item:
- Mariolis, Theodore & Tsoulfidis, Lefteris, 2010. "Eigenvalue distribution and the production price-profit rate relationship in linear single-product systems: theory and empirical evidence," MPRA Paper 43716, University Library of Munich, Germany.
- B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
- C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
- D46 - Microeconomics - - Market Structure and Pricing - - - Value Theory
- D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-11-20 (All new papers)
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