Measures of production price-labour value deviation and income distribution in actual economies: theory and empirical evidence

Theodore Mariolis () and Lefteris Tsoulfidis ()

MPRA Paper from University Library of Munich, Germany

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 the Greek and Japanese economies.

Keywords: Measures of Deviation; Production Prices; Labour Values; Relative Rate of Profit (search for similar items in EconPapers)
JEL-codes: C67 D46 D57 (search for similar items in EconPapers)
Date: 2010-03
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Citations: View citations in EconPapers (8)

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Related works:
Journal Article: Measures of Production Price-Labour Value Deviation and Income Distribution in Actual Economies: Theory and Empirical Evidence (2017)
Journal Article: Measures of Production Price-Labour Value Deviation and Income Distribution in Actual Economies: Theory and Empirical Evidence (2014)
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