Category Archives: TEL

Theoretical Economics Letters

Income Distribution and Terms-of-Trade under Generalized Returns to Scale and Capital Accumulation: Implications Using Classical Equilibrium Condition

Authors: William Darity, Bidisha Lahiri ABSTRACT This paper examines the implications of generalized returns to scale on the long-period equilibrium in an economy with 2 goods and 2 inputs where one of the inputs is a produced means of production. … Continue reading

Posted in TEL | Leave a comment