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Normal utilization rate in the Sraffa framework
Metroeconomica ( IF 1.0 ) Pub Date : 2020-07-05 , DOI: 10.1111/meca.12301
Biao Huang 1
Affiliation  

This paper deals with the normal utilization rate in the Sraffa framework. It further presents two arguments about the utilization controversy surrounding the neo‐Kaleckian theory of growth and distribution: First, it shows that the normal utilization rate is generally not independent of demand and the growth rate, and this result does not rely on the neo‐classical production function and other restrictive assumptions. Second, it argues that endogenizing the normal utilization rate is not a general solution for the utilization controversy.

中文翻译:

Sraffa框架中的正常利用率

本文讨论了Sraffa框架中的正常利用率。它进一步提出了围绕新卡莱克式增长和分配理论的利用率争议的两个论点:首先,它表明正常利用率通常与需求和增长率无关,并且该结果不依赖于新经典生产函数和其他限制性假设。其次,它认为内生正常利用率不是解决利用率争议的通用解决方案。
更新日期:2020-07-05
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