Undistributed profits and the Pasinetti and Dual theorems |
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Authors: | Joan OConnell |
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Institution: | University of Birmingham England |
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Abstract: | Neo-Keynesian distribution theory is considered under the assumption that corporations retain part of their earnings in order to finance investment. Results concerning the rate of profit and the reciprocal of the capital-output ratio are derived. These are then compared with the original Pasinetti and the Meade and Samuelson-Modigliani Dual theorems. |
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