Testing Bienenfeld’s Second-Order Approximation for the Wage-Profit Curve

Theodore Mariolis ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper constructs Bienenfeld’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.

Keywords: Bienenfeld’s polynomial approximation; Eigenvalue distribution; Wage-price-profit rate curves (search for similar items in EconPapers)
JEL-codes: B51 C67 D57 (search for similar items in EconPapers)
Date: 2015-11-26
New Economics Papers: this item is included in nep-hme
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:68215

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