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Input-output evidence on the relative price effects of total productivity shift

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  • Theodore Mariolis
  • Nikolaos Rodousakis
  • Antonia Christodoulaki

Abstract

This paper provides empirical evidence on the relative price effects of a notional shift in total productivity using data from ten Symmetric Input-Output Tables of five European economies. The results suggest that the direction of the price-movements is, more often than not, governed by the (traditional) labour cost condition and this could be connected to the effective ranks of the matrices of the relative shares of the capital goods.

Suggested Citation

  • Theodore Mariolis & Nikolaos Rodousakis & Antonia Christodoulaki, 2015. "Input-output evidence on the relative price effects of total productivity shift," International Review of Applied Economics, Taylor & Francis Journals, vol. 29(2), pages 150-163, March.
    • Handle: RePEc:taf:irapec:v:29:y:2015:i:2:p:150-163
    DOI: 10.1080/02692171.2014.956702
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    1. Syed Ahmad, 1991. "Capital in Economic Theory," Books, Edward Elgar Publishing, number 5.
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    Cited by:

    1. Theodore Mariolis & Lefteris Tsoulfidis, 2018. "Less Is More: Capital Theory And Almost Irregular-Uncontrollable Actual Economies," Contributions to Political Economy, Cambridge Political Economy Society, vol. 37(1), pages 65-88.
    2. Mariolis, Theodore & Tsoulfidis, Lefteris, 2016. "Capital theory: Less is more," MPRA Paper 75923, University Library of Munich, Germany.

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