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Eigenvalue distribution and the production price-profit rate relationship in linear single-product systems: theory and empirical evidence

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  • Mariolis, Theodore
  • Tsoulfidis, Lefteris

Abstract

A 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.

Suggested Citation

  • 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.
  • Handle: RePEc:pra:mprapa:43716
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    File URL: https://mpra.ub.uni-muenchen.de/43716/1/MPRA_paper_43716.pdf
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Luis Daniel Torres Gonzalez, 2017. "Regularities in Prices of Production and the Concentration of Compositions of Capitals," Working Papers 1709, New School for Social Research, Department of Economics.
    2. Iliadi, Fotoula & Mariolis, Theodore & Soklis, George & Tsoulfidis, Lefteris, 2012. "Bienenfeld’s approximation of production prices and eigenvalue distribution: some more evidence from five European economies," MPRA Paper 36282, University Library of Munich, Germany.
    3. Bertram Schefold, 2012. "A Comment on ‘The Measurement of Prices of Production’ by Peter Flaschel, Reiner Franke & Roberto Veneziani," Review of Political Economy, Taylor & Francis Journals, vol. 24(3), pages 437-444, July.

    More about this item

    Keywords

    Eigenvalue Distribution; Production Prices; Spectral Analysis; Standard Systems;

    JEL classification:

    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian

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