Notes on aggregation
Citation:
JE Woods, 'Notes on aggregation', Economic and Social Research Institute, Economic and Social Review, Vol.11 (Issue 3), 1980, 1980, pp319-322Download Item:
Abstract:
Brown and Chang(1976) consider questions of output and capital aggregation in the context of a neo-classical general equilibrium model. Inter alia, they derive a condition, using Hicks' composite commodity theorem, for capital input aggregation under the assumption of distinct depreciation rates. Operating with this same assumption, we provide conditions for capital output and total output aggregation; our conditions can be interpreted in terms of equal labour shares in net output and of uniform organic composition of capital.
Author: Woods, JE
Publisher:
Economic & Social StudiesType of material:
Journal ArticleCollections
Series/Report no:
Economic and Social ReviewVol.11 (Issue 3), 1980
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MathematicsISSN:
0012-9984Metadata
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