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Unproductive labor and long-term growth: a classical model of accumulation

Author

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  • Alain Herscovici

Abstract

This paper intends to build a simple model of accumulation given the conceptof unbalanced growth between the productive and unproductive sector. This implies intheoretically define the concept of unproductive sector and to study in the long run theevolution of this sector in relation to the totality of the created value, as well as to analysethe implications of this evolution in relation to the profit rate and to the accumulation rate.By the fact that it takes into account several modes of distribution of labor productivity, thismodel allows to analyse the differences there exist between central countries and periphery. JEL Classification: O40; B51.

Suggested Citation

  • Alain Herscovici, 1996. "Unproductive labor and long-term growth: a classical model of accumulation," Brazilian Journal of Political Economy, Center of Political Economy, vol. 16(3), pages 475-492.
    • Handle: RePEc:ekm:repojs:v:16:y:1996:i:3:p:475-492:id:1218
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    More about this item

    Keywords

    Value theory; unproductive labor; economic growth;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian

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