Wage Differentials and Economic Growth (Routledge Revivals)
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A01=Pasquale Sgro
Author_Pasquale Sgro
Capital Intensive
Category=KCA
Category=KCG
Category=KCH
Classical Savings Function
Commodity Price Ratio
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Equilibrium Price Ratio
Excess Demand
Excess Demand Relation
Fixed Coefficient Model
Full Employment Point
Intensity Ranking
Intensity Reversals
Labour Endowment
Labour Ratio
Minimum Wage Constraint
Price Ratio
Proportional Savings
Relative Demand Curve
Relative Factor Endowment
Relative Supply Curve
Savings Function
Short Run Equilibrium
Variable Coefficient Case
Variable Coefficient Model
Wage Differentials
Wage Rental Ratio
World Equilibrium Price
Product details
- ISBN 9781138852570
- Weight: 270g
- Dimensions: 138 x 216mm
- Publication Date: 17 May 2016
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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This book, which was first published in 1980, is concerned with one particular branch of growth theory, namely descriptive growth theory. It is typically assumed in growth theory that both the factors and goods market are perfectly competitive. In particular this implies amongst other things that the reward to each factor is identical in each sector of the economy. In this book the assumption of identical factor rewards is relaxed and the implications of an intersectoral wage differential for economic growth are analysed. There is also some discussion on the short-term and long-run effects of minimum wage legislation on growth. This book will serve as key reading for students of economics.
