The economic market outcomes and income distribution when capital is not homogeneous: Limits of technology
Purpose – An aggregate production function has been used in macroeconomic analysis for a long time, even though it seems that it is conceptually confusing and problematic. The purpose of this paper is to argue that the measurement problem related to the heterogenous capital input that exists in macr...
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Format: | Article |
Language: | English |
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Emerald Publishing
2019-04-01
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Series: | Journal of Industry-University Collaboration |
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Online Access: | https://www.emerald.com/insight/content/doi/10.1108/JIUC-03-2019-004/full/pdf?title=the-economic-market-outcomes-and-income-distribution-when-capital-is-not-homogeneous-limits-of-technology |