Capital-labor conflict in the Harrodian model

Takashi Ohno ()
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Takashi Ohno: Doshisha University

Evolutionary and Institutional Economics Review, 2022, vol. 19, issue 1, No 13, 317 pages

Abstract: Abstract This study aims to consider the effect of capital-labor conflict in the Harrodian model. For this purpose, we incorporate a Bhaduri–Marglin-type investment function, reserve army effect, and technological change in the Harrodian model. Using this model, we find that not only both the reserve army effect and a Bhaduri–Marglin-type investment function but also technological change are needed for a stable Harrodian model. Second, the degree of technological change must lie within a specific range for the model to be stable.

Keywords: Harrodian model; Capital-labor conflict; Reserve army effect; Technological change; E24; E25 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s40844-021-00199-0

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