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Pure Joint Production, Income Distribution, Employment And The Exchange Rate

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  • Theodore Mariolis

Abstract

This paper deals with an open economy with heterogeneous capital and linear processes of pure joint production from a long-period perspective. It is shown that: (1) an effective exchange rate change has ambiguous effects on the distribution of income and the competitiveness of domestic output; (2) the matrix of super-multipliers linking exports to gross output is not always uniquely defined; and (3) the volume of exports and the volume of total employment may be inversely related, even if prices and distribution do not change. Copyright © 2008 The Author. Journal compilation © 2008 Blackwell Publishing Ltd.

Suggested Citation

  • Theodore Mariolis, 2008. "Pure Joint Production, Income Distribution, Employment And The Exchange Rate," Metroeconomica, Wiley Blackwell, vol. 59(4), pages 656-665, November.
  • Handle: RePEc:bla:metroe:v:59:y:2008:i:4:p:656-665
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    1. repec:spr:jecstr:v:7:y:2018:i:1:d:10.1186_s40008-018-0116-0 is not listed on IDEAS
    2. Mariolis, Theodore & Katsinos, Apostolis, 2011. "Return to devalued drachma, cost-push inflation and international competitiveness," MPRA Paper 35413, University Library of Munich, Germany.
    3. Soklis, George, 2011. "Wage-profit curves of the Finnish economy: evidence from the supply and use tables," MPRA Paper 30183, University Library of Munich, Germany.
    4. Mariolis, Theodore, 2010. "Κριτική Έκθεση του "Νόμου της Πτωτικής Τάσης του Ποσοστού Κέρδους" του K. Marx: Κατανομή Εισοδήματος, Επισώρευση Κεφαλαίου και Τεχνολογική Μεταβολή στη Μακρά Περίοδο
      [Critical Exposition
      ," MPRA Paper 22461, University Library of Munich, Germany.
    5. Mariolis, Theodore & Soklis, George, 2014. "The Sraffian Multiplier for the Greek Economy: Evidence from the Supply and Use Table for the Year 2010," MPRA Paper 60253, University Library of Munich, Germany.

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