Abstract
AbstractThis study aims to consider the effect of capital-labor conflict in the Harrodian model. For this purpose, we incorporate a Bhaduri–Marglin-type investment function, reserve army effect, and technological change in the Harrodian model. Using this model, we find that not only both the reserve army effect and a Bhaduri–Marglin-type investment function but also technological change are needed for a stable Harrodian model. Second, the degree of technological change must lie within a specific range for the model to be stable.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
