IDEAS home Printed from https://ideas.repec.org/a/bla/metroe/v70y2019i4p587-615.html
   My bibliography  Save this article

Sraffian general equilibrium

Author

Listed:
  • Rajas Parchure

Abstract

If the Sraffa system of equations is augmented by consumption demand equations of households and investment demand equations of industries the result is a complete system of general equilibrium having a unique positive solution for the relative prices, absolute levels of industrial outputs, the rates of growth and profit, the real wage rate, and the shares of ownership of the capital stock. The model has been generalized to include the government sector and determine the tax rate and public expenditure. Constructive algorithms for the computation of the general equilibrium have been presented. Empirical evidence from cross‐country sources has been gathered in support of a central inference of the model viz. the long‐run convergence of industrial growth rates and rates of profit towards uniformity.

Suggested Citation

  • Rajas Parchure, 2019. "Sraffian general equilibrium," Metroeconomica, Wiley Blackwell, vol. 70(4), pages 587-615, November.
  • Handle: RePEc:bla:metroe:v:70:y:2019:i:4:p:587-615
    DOI: 10.1111/meca.12241
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/meca.12241
    Download Restriction: no

    File URL: https://libkey.io/10.1111/meca.12241?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    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:bla:metroe:v:70:y:2019:i:4:p:587-615. 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: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0026-1386 .

    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.