The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
From: Increasing returns and business cycles in a family of Goodwinian models with Leontiev technology
Indicator | Expression | Unit of measurement |
---|---|---|
Employment ratio | vt = Lt/Nt | Fraction of unit |
Output-capital ratio | xt = Pt/Kt | 1/year |
Rate of capital accumulation | kt | Fraction of unit |
Rate of capacity utilization in total industry | CURt | Fraction of unit |
Surplus value | St = (1 − ut)Lt | Thousands of workers |
Real labour compensation | wt | (millions dollar 2009/year)/worker |
Net domestic product | Pt | billions dollar 2009/year |
Profit | Mt = Pt − wtLt | billions dollar 2009/year |