university website

J.G.M. van Marrewijk (Charles) and J.B.L.M. Verbeek (Jos)

1994

Two-sector disequilibrium growth

Publication

Publication

European Journal of Political Economy p. 373- 388

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).

Additional Metadata
Keywords excess demand, investment, rationing, unemployment
JEL Mathematical Methods and Programming (jel C6), Consumption, Saving, Production, Employment, and Investment (jel E2), Prices, Business Fluctuations, and Cycles (jel E3), Fiscal Policies and Behavior of Economic Agents (jel H3)
Persistent URL doi.org/10.1016/0176-2680(94)90025-6, hdl.handle.net/1765/13081
Journal European Journal of Political Economy
Organisation Erasmus School of Economics
Citation
van Marrewijk, C., & Verbeek, J. (1994). Two-sector disequilibrium growth. European Journal of Political Economy, 373–388. doi:10.1016/0176-2680(94)90025-6
Free Full Text ( Final Version , 930kb ) cover

Additional Files
publisher's version Final Version


User Publication Person Organisation Collection
Close