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| Format: | Artículo científico |
| Language: | en |
| Published: |
Universidad Nacional Autónoma de México
2022
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| Online Access: | https://www.redalyc.org/articulo.oa?id=60175437001 https://www.redalyc.org/journal/601/60175437001/ https://www.redalyc.org/journal/601/60175437001/html/ https://www.redalyc.org/journal/601/60175437001/60175437001.epub https://www.redalyc.org/journal/601/60175437001/movil |
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Table of Contents:
- Capital Theory Debates: New Developments and Direction Lefteris Tsoulfidis Economía y Finanzas eigenvalues effective rank eigendecomposition capital controversies Price rate of profit trajectories In recent years, the research on capital theory has shifted from reverse capital deepening and reswitching in techniques to a new direction, which goes beyond the near-linearities of price-rates of profit trajectories and of wage-rates of profit curves and explicates the reasons behind this kind of near-linearities. The reswitching issue remains in the background of these studies as a remote albeit ever-present possibility. The article contributes some more evidence to the extant literature by utilizing data from the last available benchmark input-output table of the US economy of the year 2012. The derived near-linearities of price trajectories and wage-rate of profit curves are explained by the low effective rank of the economy’s input-output matrices and not from their seemingly random character. These findings shed additional light on a new and more meaningful direction in the research agenda, the possibility of molding the essential features of the economy through dimensionality reduction. 2022 artículo científico 0185-1667 https://www.redalyc.org/articulo.oa?id=60175437001 https://www.redalyc.org/journal/601/60175437001/ https://www.redalyc.org/journal/601/60175437001/html/ https://www.redalyc.org/journal/601/60175437001/60175437001.epub https://www.redalyc.org/journal/601/60175437001/movil 10.22201/fe.01851667p.2022.319.79901 en http://www.redalyc.org/revista.oa?id=601 Investigación Económica application/pdf Universidad Nacional Autónoma de México Investigación Económica (México) Num.319 Vol.LXXXI