Unproductive labor and long-term growth: a classical model of accumulation

Alain Herscovici ()

Brazilian Journal of Political Economy, 1996, vol. 16, issue 3, 475-492

Abstract: This paper intends to build a simple model of accumulation given the conceptof unbalanced growth between the productive and unproductive sector. This implies intheoretically define the concept of unproductive sector and to study in the long run theevolution of this sector in relation to the totality of the created value, as well as to analysethe implications of this evolution in relation to the profit rate and to the accumulation rate.By the fact that it takes into account several modes of distribution of labor productivity, thismodel allows to analyse the differences there exist between central countries and periphery. JEL Classification: O40; B51.

Keywords: Value theory; unproductive labor; economic growth (search for similar items in EconPapers)
Date: 1996
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