Skip to main content

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

Table 1 Main variables of the models

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

Variable

Expression

Net product

q

Fixed production assets

k

Capital-output ratio

s = k/q

Employment

l

Output per worker

a = q/l

Labour force

n = n0eβt, β ≥ 0

Wage

w

Total wage

wl

Relative wage (unit value of labour power)

u = w/a = wl/q

Rate of surplus value

m′ = (1–u)/u

Profit

M = qwl = (1 u)q

Profit rate

R = (1 u)/s

Capital accumulation rate

z