The paper contributes to the debate on growth and distribution in a non-mainstream perspective. It looks at the role that capacity utilization plays in the process of growth under the hypothesis that the rate of capital depreciation is a function of the degree of capacity utilization. Our hypothesis implies results partly different from those obtained by other models in which capacity utilization plays a key role. In particular, a varying rate of depreciation affects the conditions under which distributional changes in favor of wages affect the rate of growth positively.
Growth with unused capacity and endogenous capital depreciation / Patriarca, Fabrizio; Sardoni, Claudio. - In: METROECONOMICA. - ISSN 0026-1386. - 65:4(2014), pp. 646-670. [10.1111/meca.12053]
Growth with unused capacity and endogenous capital depreciation
Patriarca, FabrizioFormal Analysis
;
2014
Abstract
The paper contributes to the debate on growth and distribution in a non-mainstream perspective. It looks at the role that capacity utilization plays in the process of growth under the hypothesis that the rate of capital depreciation is a function of the degree of capacity utilization. Our hypothesis implies results partly different from those obtained by other models in which capacity utilization plays a key role. In particular, a varying rate of depreciation affects the conditions under which distributional changes in favor of wages affect the rate of growth positively.File | Dimensione | Formato | |
---|---|---|---|
MECA14.pdf
Accesso riservato
Descrizione: Articolo Principale
Tipologia:
Versione pubblicata dall'editore
Dimensione
499.29 kB
Formato
Adobe PDF
|
499.29 kB | Adobe PDF | Visualizza/Apri Richiedi una copia |
Pubblicazioni consigliate
I metadati presenti in IRIS UNIMORE sono rilasciati con licenza Creative Commons CC0 1.0 Universal, mentre i file delle pubblicazioni sono rilasciati con licenza Attribuzione 4.0 Internazionale (CC BY 4.0), salvo diversa indicazione.
In caso di violazione di copyright, contattare Supporto Iris