We investigate the effects of (i) profit distribution to either laborers or capital-owners, (ii) sector-specific or efficient rationing schemes, and (iii) government consumption in a two-sector disequilibrium growth model with sluggish real wage rate adjustment (which affects capital accumulation).

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doi.org/10.1016/0176-2680(94)90025-6, hdl.handle.net/1765/13081
European Journal of Political Economy
Erasmus School of Economics

van Marrewijk, J.G.M, & Verbeek, J.B.L.M. (1994). Two-sector disequilibrium growth. European Journal of Political Economy, 373–388. doi:10.1016/0176-2680(94)90025-6