European Journal of Political Economy volume 10, issue 2, P373-388 1994 DOI: 10.1016/0176-2680(94)90025-6 View full text
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Charles van Marrewijk, Jos Verbeek

Abstract: We investigate the effects of (i) profit distribution to either laborers or capital-owners, (ii) sector-specific or efficient rationing schemes, and (iii) government consumption in a two-sector disequilibrium growth model with sluggish real wage rate adjustment (which affects capital accumulation).