IDEAS home Printed from https://ideas.repec.org/a/eej/eeconj/v14y1988i2p153-156.html
   My bibliography  Save this article

A Note about the Interest Rate and the Revenue Function

Author

Listed:
  • Neri Salvadori
  • Ian Steedman

Abstract

Economic systems with a positive, uniform, and constant interest rate have been widely studied. It is shown that, in such systems, the presence of produced inputs undermines some standard results concerning the revenue function. The partial derivative, with respect to a product price, is not always equal to the net output of the product and the generalized positive supply response is not always valid. P. A. Samuelson's reciprocity conditions are also upset.

Suggested Citation

  • Neri Salvadori & Ian Steedman, 1988. "A Note about the Interest Rate and the Revenue Function," Eastern Economic Journal, Eastern Economic Association, vol. 14(2), pages 153-156, Apr-Jun.
    • Handle: RePEc:eej:eeconj:v:14:y:1988:i:2:p:153-156
    as

    Download full text from publisher

    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume14/V14N2P153_156.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Harvey Gram, 1985. "Duality And Positive Profits," Contributions to Political Economy, Oxford University Press, vol. 4(1), pages 61-77.
    2. Paul A. Samuelson, 1953. "Prices of Factors and Goods in General Equilibrium," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 21(1), pages 1-20.
    3. Gale, David & Rockwell, Richard, 1975. "On the Interest Rate Theorems of Malinvaud and Starrett," Econometrica, Econometric Society, vol. 43(2), pages 347-359, March.
    4. J. A. Mirrlees, 1969. "The Dynamic Nonsubstitution Theorem," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 36(1), pages 67-76.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:ags:ucdegw:232849 is not listed on IDEAS
    2. David Rezza Baqaee & Emmanuel Farhi, 2018. "Macroeconomics with Heterogeneous Agents and Input-Output Networks," NBER Working Papers 24684, National Bureau of Economic Research, Inc.
    3. Rodolfo Helg & Riccardo Faini & Anna M. Falzoni & Marzio Galeotti & Alessandro Turrini, 2001. "Importing Jobs And Exporting Firms? On The Wage And Employment Implications Of Italy’S Trade And Foreign Direct Investment Flows," International Trade 0103001, University Library of Munich, Germany.
    4. Choi, E. Kwan, 2008. "Factor growth and equalized factor prices," International Review of Economics & Finance, Elsevier, vol. 17(4), pages 517-528, October.
    5. Charles R. Hulten & Paul Schreyer, 2010. "GDP, Technical Change, and the Measurement of Net Income: the Weitzman Model Revisited," NBER Working Papers 16010, National Bureau of Economic Research, Inc.
    6. Albert, Max, 1995. "Kuhn-Tucker conditions and linear homogeneity," Economics Letters, Elsevier, vol. 48(3-4), pages 267-272, June.
    7. Dubra, Juan & Echenique, Federico & Manelli, Alejandro M., 2009. "English auctions and the Stolper-Samuelson theorem," Journal of Economic Theory, Elsevier, vol. 144(2), pages 825-849, March.
    8. Elhanan Helpman, 1999. "The Structure of Foreign Trade," Journal of Economic Perspectives, American Economic Association, vol. 13(2), pages 121-144, Spring.
    9. W. Erwin Diewert & Kevin J. Fox, 2017. "Decomposing Value Added Growth into Explanatory Factors," Discussion Papers 2017-02, School of Economics, The University of New South Wales.
    10. J. Peter Neary, 2009. "Putting the “New” into New Trade Theory: Paul Krugman's Nobel Memorial Prize in Economics," Scandinavian Journal of Economics, Wiley Blackwell, vol. 111(2), pages 217-250, June.
    11. Bjarne S. Jensen & Mogens E. Larsen, 2005. "General Equilibrium Dynamics of Multi-Sector Growth Models," DEGIT Conference Papers c010_003, DEGIT, Dynamics, Economic Growth, and International Trade.
    12. Davis, Donald R., 1995. "Intra-industry trade: A Heckscher-Ohlin-Ricardo approach," Journal of International Economics, Elsevier, vol. 39(3-4), pages 201-226, November.
    13. John S.nChipman & Peter Winker, "undated". "Optimal Industrial Classification in a Dynamic Model of Price Adjustment," Computing in Economics and Finance 1996 _013, Society for Computational Economics.
    14. NPG Samantha & Liu Haiyun, 2018. "Does Inward Foreign Direct Investment Promote Export? Empirical Evidence from Sri Lanka," Business and Economic Research, Macrothink Institute, vol. 8(3), pages 1-18, September.
    15. Ando, Asao & Meng, Bo & Chao, Qu, 2009. "Trade Coefficients and the Role of Elasticity in a Spatial CGE Model Based on the Armington Assumption," IDE Discussion Papers 204, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    16. Munshi, Farzana, 2006. "Does openness reduce wage inequality in developing countries? A panel data analysis," Working Papers in Economics 241, University of Gothenburg, Department of Economics, revised 06 Feb 2008.
    17. Thompson, Henry & Toledo, Hugo, 2010. "Labor skills and factor proportions trade in the gulf cooperation council," International Review of Economics & Finance, Elsevier, vol. 19(3), pages 407-411, June.
    18. E. Berglas & A. Razin, 1973. "A Trade Model with Variable Returns to Scale," The Economic Record, The Economic Society of Australia, vol. 49(1), pages 126-134, March.
    19. Juan Eduardo Coeymans, 1980. "Empleo y Producción con un Financiamiento Alternativo del Sistema Previsional: Un Enfoque de Equilibrio General," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 17(52), pages 273-302.
    20. Fisher, Eric O'N., 2011. "Heckscher-Ohlin theory when countries have different technologies," International Review of Economics & Finance, Elsevier, vol. 20(2), pages 202-210, April.
    21. Donald R. Davis & David E. Weinstein, 2001. "An Account of Global Factor Trade," American Economic Review, American Economic Association, vol. 91(5), pages 1423-1453, December.

    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:eej:eeconj:v:14:y:1988:i:2:p:153-156. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Victor Matheson, College of the Holy Cross (email available below). General contact details of provider: https://edirc.repec.org/data/eeaa1ea.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.