MANY CAPITAL-OUTPUT RATIOS INCREASING WITH THE INTEREST RATE: AN INDUSTRY-LEVEL ANALYSIS

Ian Steedman

Metroeconomica, 2009, vol. 60, issue 1, pages 150-161

Abstract: Whether there be few or many alternative techniques and whether there be fixed capital or only circulating capital involved, the industry-level capital-output ratios can increase with the rate of interest. Copyright © 2008 The Author. Journal compilation © 2008 Blackwell Publishing Ltd.

Date: 2009
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