Fixed Capital and Wage-Profit Curvesà lavon Neumann-Leontief: China’s Economy 1987–2000☆This article is a part of the outcome of research performed under theWaseda University Grant for Special Research Projects(Project number: 2012A-809)

Bangxi Li

A chapter in Research in Political Economy, 2014, vol. 29, pp 75-93 from Emerald Group Publishing Limited

Abstract: This chapter aims at making clear growth and distribution of China’s economy 1987–2000 with fixed capital on the input-output table basis. Since fixed capital data are not sufficiently available, one has to estimate fixed capital coefficients. In the outset, this chapter outlines the Sraffa–Fujimori method, which simulates the maximum growth path and estimates the marginal fixed capital coefficients on that path. In the second place, the marginal fixed capital coefficients of China’s economy are estimated. In the third place, the wage-profit curves of China’s economy will be drawn, and we discuss some further features obtained by our observations.

Keywords: Marginal fixed capital coefficient; wage-profit curve; China's economy; Marx-Sraffa model; Sraffa-Fujimori method; Von Neumann-Leontief system (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:eme:rpeczz:s0161-723020140000029003

DOI: 10.1108/S0161-723020140000029003

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