The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 6 Endogenous growth of output per worker in refined extensive B-1 retained in L-1
From: Increasing returns and business cycles in a family of Goodwinian models with Leontiev technology
No. | Order and polarity | Extensive loop in B-1 | In L-2 |
|---|---|---|---|
1 | 1, + | r1 \(\hat{a}\mathop{\longrightarrow}\limits^{ - }\hat{u}\mathop{\longrightarrow}\limits^{{}}\dot{u}\mathop{\longrightarrow}\limits^{{}}u\mathop{\longrightarrow}\limits^{ - }\frac{1 - u}{s}\mathop{\longrightarrow}\limits^{{}}\hat{k}\mathop{\longrightarrow}\limits^{{}}\hat{v}\) Reinforcing direct economy of scale of type II and roundabout barriers to induced technological progress | Same |
2 | 1, + | r2 \(\hat{a}\mathop{\longrightarrow}\limits^{ - }\hat{u}\mathop{\longrightarrow}\limits^{{}}\dot{u}\mathop{\longrightarrow}\limits^{{}}u\mathop{\longrightarrow}\limits^{ - }\frac{1 - u}{s}\mathop{\longrightarrow}\limits^{{}}\hat{k}\mathop{\longrightarrow}\limits^{{}}k\hat{/}l\) Reinforcing positive impact of growth rate of capital intensity on growth rate of output per worker and roundabout barriers to induced technological progress | Negative |
3 | 1, − | b1 \(\hat{a}\mathop{\longrightarrow}\limits^{ - }\hat{u}\mathop{\longrightarrow}\limits^{{}}\dot{u}\mathop{\longrightarrow}\limits^{{}}u\mathop{\longrightarrow}\limits^{ - }\frac{1 - u}{s}\mathop{\longrightarrow}\limits^{{}}\hat{k}\mathop{\longrightarrow}\limits^{{}}k\hat{/}l\mathop{\longrightarrow}\limits^{ - }\hat{v}\) Weakening direct economy of scale of type II and roundabout fostering induced technological progress | Positive |