The Capital Market and Income Distribution in Yugoslavia: A Theoretical and Empirical Analysis

Jaroslav Vanek and Milena Jovicic

The Quarterly Journal of Economics, 1975, vol. 89, issue 3, 432-443

Abstract: I. The theoretical statement of the problem, 432. — II. Income, capital intensity, and the estimated rent of capital in Yugoslavia, 433. — III. Other factors affecting income distribution, 436. — IV. The likelihood of a downward bias of our estimator of price of capital, 439. — V. Conclusions and suggested further research, 440. — Appendix, 441.

Date: 1975
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