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Capital Heterogeneity, Aggregation, and the Two-Sector Model

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  • Paul Zarembka

Abstract

I. Consistent aggregation of a multisectoral economy to a two-sector model, 106. — II. The Sato technology frontier, 110. — III. The neoclassical model, 111. — IV. Implications and extensions, 112. — Appendix: a simple empirical test for reswitching, 114.

Suggested Citation

  • Paul Zarembka, 1975. "Capital Heterogeneity, Aggregation, and the Two-Sector Model," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 89(1), pages 103-114.
    • Handle: RePEc:oup:qjecon:v:89:y:1975:i:1:p:103-114.
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    File URL: http://hdl.handle.net/10.2307/1881713
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    Cited by:

    1. Bitros, George C., 2009. "The Theorem of Proportionality in Mainstream Capital Theory: An Assessment of its Conceptual Foundations," MPRA Paper 17436, University Library of Munich, Germany.
    2. Bitros, George C. & Nadiri, M. Ishaq, 2017. "Behavior of business investment in the USA under variable and proportional rates of replacement," MPRA Paper 80594, University Library of Munich, Germany.
    3. George Bitros, 2010. "The theorem of proportionality in contemporary capital theory: An assessment of its conceptual foundations," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 23(4), pages 367-401, December.
    4. Bitros, George C. & Nadiri, M. Ishaq, 2017. "Elasticities of Business Investment in the U.S. and their Policy Implications: A Disaggregate Approach to Modeling and Estimation," MPRA Paper 80091, University Library of Munich, Germany.

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