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A necessary and sufficient condition for the positivity of the growth rate in the Neumann–Gale model of economic growth

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  • Medvegyev, Péter

Abstract

In the paper I will discuss an extension of the classical problem of the positivity of the growth rate in the Gale–Neumann model. I will show that the exploitation of the labour is a necessary and sufficient condition for the positivity of the growth rate.

Suggested Citation

  • Medvegyev, Péter, 2013. "A necessary and sufficient condition for the positivity of the growth rate in the Neumann–Gale model of economic growth," Journal of Mathematical Economics, Elsevier, vol. 49(2), pages 173-176.
    • Handle: RePEc:eee:mateco:v:49:y:2013:i:2:p:173-176
    DOI: 10.1016/j.jmateco.2013.01.003
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    References listed on IDEAS

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    1. Morishima, Michio, 1974. "Marx in the Light of Modern Economic Theory," Econometrica, Econometric Society, vol. 42(4), pages 611-632, July.
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    Cited by:

    1. Soh Kaneko & Naoki Yoshihara, 2018. "On the General Impossibility of Persistent Unequal Exchange Free Trade Equilibria in the Pre-industrial World Economy," Working Papers SDES-2018-19, Kochi University of Technology, School of Economics and Management, revised Dec 2018.

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