A Quantitative Analysis of the Relationship Between the Rate of Growth of Productivity And the average wage

Feng Li-tien and Wen Chien

Chinese Economy, 1969, vol. 3, issue 1, 70-91

Abstract: The relationship between the rate of growth of productivity and the average wage is an important one that reflects the interdependence of production and consumption in the process of social reproduction on an expanding scale. Under socialism, a correct understanding of this relationship not only has economic meaning in proportionately raising the rate of growth of the national product, but it also has political meaning in properly handling the internal contradictions among the people. The purpose of this paper, however, is not to study the overall relationship, but to focus on such factors as the quantitative relationships between the rate of growth of productivity and the average wage â in particular, the ratio between accumulation and consumption, the ratio between the two large departments of production, and the increase in labor productivity. Comrades, your comments and criticism are welcome.

Date: 1969
References: Add references at CitEc
Citations:

Downloads: (external link)
http://mesharpe.metapress.com/link.asp?target=contribution&id=042R1KHX09847V23 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:chinec:v:3:y:1969:i:1:p:70-91

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MCES20

Access Statistics for this article

More articles in Chinese Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().