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Capital-labor conflict in the Harrodian model

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  • Takashi Ohno

    (Doshisha University)

Abstract

This study aims to consider the effect of capital-labor conflict in the Harrodian model. For this purpose, we incorporate a Bhaduri–Marglin-type investment function, reserve army effect, and technological change in the Harrodian model. Using this model, we find that not only both the reserve army effect and a Bhaduri–Marglin-type investment function but also technological change are needed for a stable Harrodian model. Second, the degree of technological change must lie within a specific range for the model to be stable.

Suggested Citation

  • Takashi Ohno, 2022. "Capital-labor conflict in the Harrodian model," Evolutionary and Institutional Economics Review, Springer, vol. 19(1), pages 301-317, April.
    • Handle: RePEc:spr:eaiere:v:19:y:2022:i:1:d:10.1007_s40844-021-00199-0
    DOI: 10.1007/s40844-021-00199-0
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    Cited by:

    1. Hiroaki Sasaki, 2022. "Special feature: economic dynamics—growth, capital, labor, technology, and money," Evolutionary and Institutional Economics Review, Springer, vol. 19(1), pages 159-167, April.

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