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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Fig. 8 | Journal of Economic Structures

Fig. 8

From: Increasing returns and business cycles in a family of Goodwinian models with Leontiev technology

Fig. 8

The growth cycle with increasing returns and technological progress retarded by gains in unit value of labour power in L-1, years 10–17.5; panel 1—scatter graph for growth rate of employment ratio vs growth rate of net output (1) and growth rate of output per worker (2); panel 2—scatter graph for relative wage u vs the growth rate of output per worker (1) and growth rate of capital intensity (2)

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