Measures of Production Price-Labour Value Deviation and Income Distribution in Actual Economies: Theory and Empirical Evidence

Theodore Mariolis () and Lefteris Tsoulfidis ()

Bulletin of Political Economy, 2017, vol. 11, issue 2, 151-170

Abstract: Many empirical studies indicate that the deviations of actual prices of production from labour values are not too sensitive to the type of measure used for their evaluation. This paper attempts to theorize this rather ‘stylized fact’ by focusing on the relationships between the traditional and the numéraire-free measures of deviation. On the empirical side, it provides an illustration of these relationships using input-output data from Greek and Japanese economies.

Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://serialsjournals.com/abstract/81504_4-.pdf (application/pdf)
https://www.bulletinofpe.com/theodore-mariolis-lefteris-tsoulfidis-20172 (text/html)

Related works:
Journal Article: Measures of Production Price-Labour Value Deviation and Income Distribution in Actual Economies: Theory and Empirical Evidence (2014)
Working Paper: Measures of production price-labour value deviation and income distribution in actual economies: theory and empirical evidence (2010)
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:awu:journl:v:11:y:2017:i:2:p:151-170

Access Statistics for this article

More articles in Bulletin of Political Economy from Bulletin of Political Economy
Bibliographic data for series maintained by Maria Cristina Barbieri Goes ().