Time Delays and Business Cycles
This paper develops a Marxian model of the business cycle based on Hilferding's theory of disproportionality in capital accumulation in a two-sector economy. The disproportionality arises from the existence of time delays in production generated by the differential capital intensity in the two...
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| Format: | article |
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2001
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| Online Access: | http://hdl.handle.net/10725/3820 http://dx.doi.org/10.1080/09538250120055177 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php http://www.tandfonline.com/doi/abs/10.1080/09538250120055177 |
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