Testing Bienenfeld’s Second-Order Approximation for the Wage-Profit Curve
Theodore Mariolis ()
Bulletin of Political Economy, 2015, vol. 9, issue 2, 161-170
Abstract:
This paper constructs Bielefeld’s second-order approximation for the wage-profit curve and tests it using data from ten symmetric input-output tables of the Greek economy. The results suggest that there is room for using low-dimensional models as surrogates for actual single-product economies.
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:awu:journl:v:9:y:2015:i:2:p:161-170
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