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

Ian Steedman

Metroeconomica, 2009, vol. 60, issue 1, 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.

Date: 2009
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