Optimization in Three-Sector Model with Endogenous Technical Change

Author(s):  
Natali Hritonenko ◽  
Yuri Yatsenko
2021 ◽  
pp. 048661342110058
Author(s):  
Junshang Liang

In a two-sector model with circulating capital, Laibman (1982) shows that a capital-using and labor-saving technical change in the consumption goods sector lowers the rate of profit under the assumption of constant rate of exploitation. This paper generalizes his finding in a two-department multi-sector model that considers the capital advanced. JEL Classification: B51, C67


2003 ◽  
Vol 8 (4) ◽  
pp. 291-301 ◽  
Author(s):  
Efrem Castelnuovo ◽  
Michele Moretto ◽  
Sergio Vergalli

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